Altcoin Daily Lists Top 9 Crypto Assets To Own for the Next Five Years
Aaron Arnold, a well-known crypto trader, analyst and the host of Altcoin Daily, lists 9 crypto assets that he would invest in and hold over the next five years.
Arnold says that he would allocate half of his portfolio to Bitcoin (BTC) as it is the gold standard for decentralized 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.”
The trader 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.”
According to the Altcoin Daily host, 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 right into the Ethereum inter-operators making progress. Like Cardano, like Polkadot and also in this case like Kusama.”
The analyst would put another tenth of his investible amount in blockchain-based gaming platform Enjin (ENJ) and entertainment-focused blockchain Flow (FLOW) based on the emerging opportunities presented to them by the growing popularity of non-fungible tokens (NFTs).
“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, the trader says he’d split half of it on Dogecoin (DOGE) meme coin and the other half in the incentivization platform XCAD Network (XCAD).
