Tyler Swope Reveals His Top 10 Crypto Assets To Hold Right Now
Popular crypto trader Tyler Swope (Chico Crypto) lists his top 10 cryptocurrencies to hold as volatility returns to the crypto markets.
The trader shares with his 259,00 YouTube subscribers in recent video that first one on his list is decentralized oracle network Chainlink (LINK).
Despite LINK being at the top of the trader’s list, Swope has in fact reduced his holdings in the crypto asset from 40% in October 2020 to just 24% this month, the reason being that other altcoins are gaining better.
The second asset is non-fungible token (NFT) project Alchemist (MIST). Back in October, Swope had zero exposure to MIST but that changed: the low-cap crypto asset now makes up 20% of this portfolio.
Bitcoin is third on the trader’s list. Swope says, he increased his holdings in the leading cryptocurrency from 17% to 19% after BTC rose over 229% in eight months.
Fourth asset is Ethereum, which has rallied from $375 in October to above $2,000. Even with the strong surge, Swope points out that he slightly trimmed his holdings in the second-largest crypto asset.
“But during the hype cycle at the beginning of 2021, I took Ether and put it into some of those altcoins like Alchemist and more. Thus even with the stellar price increase, Ethereum has slid a bit compared with the last time, from 12% back down to 11% of my portfolio.”
One the fifth place the trader lists cloud-based integration program Unibright (UBT). With UBT’s rally of over 300% in the last several months, the crypto asset now makes up 7% of his portfolio, he says.
Energy Web Token (EWT) is on the 6th place. EWT a utility token for the energy sector. Swope notes that EWT has slid from $6.92 in October to $5.20 this month, representing an 18% devaluation. Amid the price drop, Swope says he’s still accumulating the crypto token, and it now makes up 5% of his holdings.
The 7th coin on the list is Kusama (KSM), a sandbox for Polkadot (DOT) projects.
“Kusama back on October 16th was sitting at $29.50. As of yesterday, [it’s] $181.21, a 514% increase. This has jumped it up two percentage points from just 3% of my portfolio last time to just over 5% today.”
Sora (XOR), an autonomous economy platform that decentralizes the concept of a central bank is the eight asset on Swopes list. The trader increased his holdings in the crypto asset by converting the Sora Validator Token (VAL) that he received from the Sora airdrop into XOR. With the trade, XOR now makes up 3% of his crypto portfolio.
Coming at number nine is staking protocol Rocket Pool (RPL).
“October 16th, RPL was sitting at $2.92. As of yesterday, it was priced at $11.92. This was a percentage multiplier of 286%, which has moved Rocket Pool from just 2% of my portfolio to now 3%.”
Last and 10th coin is decentralized finance (DeFi) project REN. According to Swope, REN is down 11% since October 16th from $0.36 to $0.32. The drop pushed REN down in terms of his holdings from 6% to 1%, he explains.
