Hey everyone, just wondering what your current investment strategies are in regards to alt coins? I have been around for a while and have been here for numerous runs and pull backs...I haven't stayed too up to date on all the newest alt coins out there. It is crazy how quickly I have felt like I have become a dinosaur when it comes to all the different coins and projects that are out there now. I feel like Defi and a few other major developments have just blown by me. Trying to get myself back up to speed on what projects/coins seem promising for the future.
Aside from the majors and older coins like BTC, BCH, ETH, LTC, XRP, DASH, Monero, etc...which ones are you all investing/believing in these days?
Are you guys leaning towards coins that have been built on top of Ethereum or ones that are completely separate? Does that matter to you?
Just wondering where you all are putting your money these days...besides BTC on the dips of course...
I would say that in the beginning of the Defi Hype Ethereum was probably the one project that benefited the most from all the already established coins because the first Defi projects where pretty much all built on Ethereum. When the DeFi hype started to become really big it became obvious that Ethereum in it's current form is not the ideal platform for DeFi because it can not handle that many transactions. That is when chains like the binance smart chain or layer 2 solutions on ethereum like polygon started to shine. A lot of projects decided to launch on BSC/Polygon and many of the existing projects switched from ETH to those networks.
I would say that 95% of the new projects are tokens of these 3 chains + Solana based projects. Soon cardano will start with it's smart contract functionality and i guess that we will see are lot of ada projects launching soon.