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Which Cryptos Are You Stacking During This Market Dip?

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@l337m45732
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It's still a fearful time in the crypto market for a lot of people. Not for us degens though. This is just a fire sale and an opportunity for us to pack out bags for the next upward run. There is no financial or investment advice in this post.

What I'm stacking...

When the market is in a state of uncertainty, you can get some incredible deals on your favorite cryptos. They aren't down, they're just on sale. Buy when there's blood in the streets and you'll win. I've been in crypto since 2015 and I've seen a true bear market. This is not that at all in my opinion. Maybe it technically is by definition, but in my eyes it's just consolidation. Nothing can perpetually go up in value forever. I'm very diversified into a lot of different cryptos, probably to a fault, but I'm happy with my holdings. As prices are low, the ones I'm stacking are what I consider some of the least risky assets out there. When I look at risk vs. reward, I take into consideration the condition and sentiment of the market as well. Bitcoin BTC is obviously a safe haven asset. It's arguably the safest crypto to hold at any given point, just because of its network effect.

In my eyes, the next safest crypto to park a lot of capital in is Ethereum ETH. With the burn mechanics and the sheer amount of network activity, ETH isn't going to randomly drop 99%. I guess it theoretically could, but it's highly unlikely. Did you know that the Ethereum blockchain transacted more value that VISA in 2021? Ethereum did $11.6 trillion and Visa did $10.6 trillion. Tell me that's not a safe place to park some capital... Despite the high gas fee dilemma, ETH continues to be adopted and is actually my largest holding. The third crypto that I'd say is a very safe place to park some capital is Binance Coin BNB. Again, the network effect of Binance Smart Chain is pretty astonishing. Every day you see more and more dapps being build and the demand for BNB continues to rise. I wish it were easier to acquire BNB in the US but unfortunately the US hates Binance. Now let's look at some of what I consider to be slightly more risky assets.

Source

Also one of my largest holdings - WAXp. The WAX blockchain is being used to mint NFTs by some of the largest companies and brands in the world. Wait until more mainstream games start using WAX NFTs and WAXp gets added to coinbase. The demand for WAXp will continue to rise as more dapps and games start using the blockchain for NFTs. I think it is extremely undervalued and could see some crazy gains this year with more massive NFT adoption. Let's not forget HIVE. Our lovely native HIVE token is a large holding of mine as well. The Hive blockchain is growing slowly and solidifying itself as one of the best blockchains for games, NFTs, and social media. I could go on for days about why HIVE is Extremely undervalued but that gets talked about every single day here. With the recent airdrop snapshots and potential future airdrops, HIVE is a solid holding and it can be staked as Hive Power to earn curation rewards that compound. I've also been talking about CUB a lot lately. Cub Finance CUB is another one of those more risky assets right now in my opinion but it would explode pretty quickly. With the upcoming PolyCUB airdrop and rebuild of the Cub Finance platform, we could see some insane growth this year for the CUB token.

Last but definitely not least on my list of cryptos to stack right now... LEO baby. LEO token is the native Hive Engine token of the LeoFinance ecosystem. Just like HIVE, LEO is slowly solidifying itself as one of the most solid investment opportunities long term. It can be powered up to LEO Power to earn curation rewards and the LeoFinance team is building relentlessly. The future is very bright for the Leo ecosystem and holding LEO is potentially going to qualify you for an airdrop for #projectblank. Project Blank is going to be the web3 competitor for Twitter built on Hive. Such exciting times ahead, and my bags are packed. What are your crypto bags looking like right now?


Posted Using LeoFinance Beta