The author of the content is adding coins to their portfolio strategically. The current portfolio consists of XRP, ADA, and Polygon. The author plans to invest $500 each into Aptos, UNT, and Near. These coins are projects that are expected to do well in the upcoming bull run. If one of them performs exceptionally, the author plans to take some profits. The author wants to ensure that these are not just random coins bought at a dip but well-researched projects with potential.
Strategically Adding Coins to the Portfolio
When it comes to building a successful cryptocurrency portfolio, it’s important to have a clear strategy in place. One popular approach is to focus on projects that are likely to perform well during a bull run.
In a recent YouTube video, a crypto investor outlined his own strategy for adding new coins to his portfolio. Already holding positions in XRP, ADA, and Polygon, he was now on the lookout for new projects to deploy his funds into.
Rather than just picking random coins that happened to be trading in the red, he was specifically targeting projects that he believed had the potential to perform well in the coming months. He referred to this approach as giving each new addition a “big old bear hug”, indicating his long-term commitment to each investment.
The first three coins he chose were Aptos (APTO), UNT (UNT), and NEAR (NEAR). Each of these was chosen based on its potential for growth during the bull run, and the investor was confident in their long-term prospects.
By deploying equal sums of $500 into each of these coins, the investor was diversifying his portfolio and taking advantage of potential growth opportunities in a variety of projects.
Of course, there is no guarantee that any investment will perform well, and the investor acknowledged that profits could be taken if any one of these coins took off. However, the overall focus was on building a well-rounded portfolio that would weather any market conditions and provide a solid foundation for future growth.
Overall, the approach taken by this investor demonstrates the importance of having a clear strategy when building a cryptocurrency portfolio. By targeting specific projects and diversifying investments, it’s possible to maximize returns and build a robust, long-term portfolio.