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Here is a little more crystal ball gazing that may be of interest to those of use who believe that cryptocurrencies have a future. You will note Cardano ADA is one of his picks.
Written by Aaron Arnold,host of Altcoin Daily 25th June 2021 it outlines his views as to which coins he would focus on over the next five years.
Crypto trader and the host of Altcoin Daily, Aaron Arnold, is listing nine crypto assets that he would invest in and hold over the next half a decade.
Aaron says that he would allocate half of his portfolio to Bitcoin (BTC) as it is the gold standard for permissionless blockchains.
“My first $500 out of my total $1,000 I’m immediately putting into Bitcoin. It may not be the fastest, it may not have all the bells and whistles of other altcoins but it is the most decentralized, it is the most censorship-resistant.”
Arnold says he would allocate a fifth of his portfolio to the second-largest cryptocurrency by market cap, citing the growing adoption of Ethereum’s (ETH) blockchain by mainstream businesses as factors.
“My next $200 is going right into Ethereum. Goldman Sachs has just begun trading on JPMorgan’s Repo Blockchain network and although this is highly private, highly permissioned it is on the Ethereum blockchain.”
Arnold says that he would also invest a tenth of his available amount in an array of crypto assets that include current and future smart contract blockchains Cardano (ADA), Polkadot (DOT) and Kusama (KSM).
“My next $100 is being invested into the top altcoins taking advantage of the NFT/virtual world craze.”
For the remaining tenth of the investible amount, Arnold says he’d split half of it on Dogecoin (DOGE) meme coin and the other half in the incentivization platform XCAD Network (XCAD).
