Top 5 Coins Our CEO Is Holding – Part 2

by
Top 5 Coins Our CEO Is Holding – Part 2

How can you get inspiration for adding coins to your portfolio? One option is to look at what crypto OGs are holding. As it happens to be, the Altcoin Buzz CEO is one of them.

Taking a look at what he’s holding may give you some ideas. So, let’s take a closer look at what coins our CEO is holding. This is the second part of the article. Here is the first one.

Bitcoin (BTC)

You can’t be an OG if you don’t hold the #1 OG coin, Bitcoin. The #1 crypto coin of all coins? Well, our Altcoin Buzz CEO, Shash Gupta, does own BTC. Despite naming his company ‘Altcoin’ Buzz. Well, there’s no shame in holding BTC. Actually, 75% of his portfolio is BTC!

As we know, Bitcoin is a decentralized, P2P payment system. So, you can buy goods or services with BTC. However, recently, BTC has also become a store of value for many users. Other new use cases for Bitcoin are the Ordinals. In other words, NFTs on Bitcoin. In a short time frame, they’ve become very popular.

Ethereum (ETH)

When talking about crypto OGs and coins, Ethereum is part of that select group as well. Ethereum introduced smart contracts to crypto. This gives it its most important use cases. They are a fundamental building block for, among others, DeFi and NFTs.

Ethereum has the biggest ecosystem in both spaces. Definitely a first-mover advantage. In the meantime, Ethereum switched from PoW to PoS and its ETH coin became deflationary. 

In the latest Ethereum news, Vitalik Buterin transferred 600 ETH to Coinbase. That’s around $1 million. This sparked fear that the ETH price may plunge to $1,000.

Dogecoin (DOGE)

Dogecoin started out as a memecoin. However, a project that started as a joke takes now the 9th spot by market cap. Part of their rise to stardom is Elon Musk’s love for this token. Any tweet or mention of the token by him gives it a surge. Over time, DOGE also got some use cases. You can use it, for example, for:

  • Tipping.
  • As a form of payment.
  • Sports betting.
  • Charity and fundraising.

DOGE’s logo is a Shiba Inu dog. However, the original Shiba Inu dog, used for the coin’s profile, has recently died. He passed away after he lost a fight, battling cancer.

Arweave (AR)

Arweave is all about decentralized storage. There’s plenty of growth in this area. That’s because every 24 hours, humans produce 2.5 million terabytes of data. Not all, but most of this data needs storage. On Arweave you can store data for at least 200 years or longer. You can store any kind of data on Arweave. Two main data storage options on offer are, for instance:

  • Permanent file storage saves any type of file. 
  • And the permaweb, this saves and can index webpages.

Recently, you can upload content smaller than 150 KB for free on Arweave.

Polygon (MATIC)

Polygon is currently the most popular layer 2 solution. The Polygon team built on top of Ethereum. It deals with Ethereum’s shortcomings. For instance, scalability and fast and cheap transactions.

Last year, Polygon was in the news with all its new partnerships. These ranged from Nike, Disney, the NBA, to Starbucks, and more. Most of these partnerships involved NFTs. That’s an area of immense growth for Polygon. The platform also has a wide variety of use cases. For example:

  • Supply chain management.
  • Gaming.
  • Healthcare.
  • And more.

Polygon recently added its zkEVM chain, and soon its Supernet chains will launch. The MATIC token will also upgrade to POL.

Firo (FIRO)

Firo is a bonus on our list. It’s a project that offers privacy solutions. You may have heard of Zcoin, it rebranded from this. Crypto transactions are pseudonymous. Firo wants to add an extra privacy layer to this. It uses a PoW consensus mechanism.

The platform uses Lelantus as its current privacy protocol. With Lelantus Spark, they aim to make transactions private by default. This should launch, later in 2023. The following video is a brief introduction to Firo.

Conclusion

It’s always good to diversify your portfolio. One way of getting inspiration for this, is to look at other portfolios. Today we look at our CEO, Shash, and a few coins that he holds.

⬆ For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

⬆ Our popular Altcoin Buzz Access group generates tons of alpha for our subscribers. And for a limited time, it’s Free. Click the link and join the conversation today.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

The post Top 5 Coins Our CEO Is Holding – Part 2 appeared first on Altcoin Buzz.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Web Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – webtimes.uk. The content will be deleted within 24 hours.

Leave a Comment