HOT: Top Coins of 2024, the "Buy and Forget" portfolio
Description
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AI Analysis
This video dives into a personal "buy and forget" crypto portfolio for 2024, focusing on larger market cap coins (mostly above $1 billion) chosen for their stability and long-term potential. The presenter shares his top picks, detailing why he bought them, his acquisition prices, and his overall strategy for this bull run, which he's been accumulating since November and December. He believes 2024 is the year for crypto and aims for a "legacy" level of success with these holdings.
Here's a breakdown of the top coins in his "buy and forget" portfolio:
* General Portfolio Strategy: The portfolio is built for a "buy and forget" approach, meaning he intends to hold these assets long-term without constantly checking daily price fluctuations. The vast majority of the chosen coins are above a $1 billion market cap to reduce volatility and the risk of drastic dumps compared to smaller, more speculative coins. He scaled his actual portfolio to a conceptual million-dollar valuation for this presentation. He emphasizes that he's not selling anything from this portfolio despite market dips, viewing 2024 as a critical year for crypto.
* 10. Chainlink (LINK):
* Why he's bullish: Chainlink has aggressively built throughout the bear market, expanding beyond VRF (Verifiable Random Function) to include data streams, cross-chain solutions, and market feeds. He notes its reputation as the "king of partnerships," creating a snowball effect as more projects integrate its services. The strong community, known as the "Chainlink army," also contributes to its power.
* Personal perspective: He was "super pulled into" the project after hearing people sold entire portfolios for LINK. He acquired it around $15 and believes it hasn't had its "time in the sun" yet, indicating significant growth potential.
* 9. Mantle (MNT):
* Why he's bullish: Mantle, formerly BitDAO, is closely associated with Bybit, a major exchange. He views Mantle as Bybit's equivalent of BNB (Binance Coin), believing it will grow immensely as Bybit aggressively expands its user base by targeting traders previously served by exchanges like FTX. Bybit's focus on "power trading features" and its rapid growth are key indicators for Mantle's potential.
* Personal perspective: He didn't get into Mantle early but sees huge potential for it to capture market share, especially with Binance facing regulatory scrutiny. His average acquisition price was 62 cents.
* 8. Solana (SOL):
* Why he's bullish: Solana has become a "trader's paradise" due to its cheap transaction fees, making it ideal for meme coin trading (e.g., Bonk, Dogs with Hat). It's "cleansed of all the bad juju" from its past issues and is now fast, with a strong community and upcoming upgrades like Firedancer.
* Personal perspective: He re-acquired Solana at around $58, and it has already seen massive growth (up 98% at the time of recording). He acknowledges that the current entry point isn't "the cleanest" due to its rapid pump but still sees its fundamental strength.
* 7. Polygon (MATIC):
* Why he's bullish: Polygon is undervalued because people don't realize its full potential beyond the Polygon PoS chain. It's building significant infrastructure, including Polygon zkEVM (a zero-knowledge proof version of the Ethereum Virtual Machine) and Polygon Miden. Crucially, the Polygon CDK (Chain Development Kit) allows projects to easily build new blockchains and Layer 2s that communicate seamlessly with Polygon, as seen with Manta Network.
* Personal perspective: He bought MATIC at around 78 cents and believes it can go much higher because the market hasn't fully grasped its extensive development and utility.
* 6. Arbitrum (ARB):
* Why he's bullish: Arbitrum is a leading Ethereum Layer 2 scaling solution with significant institutional investment, particularly from US funds. It boasts a huge amount of Total Value Locked (TVL) in DeFi, surpassing even Solana and Tron in terms of locked value for a Layer 2. Its cost-effective transactions are also a major draw.
* Personal perspective: He acquired ARB at $1.31 and expects continued growth, especially as DeFi adoption rotates to more efficient Layer 2s. He notes that its US-based team's cautious marketing (due to SEC concerns) might contribute to its undervaluation compared to its robust TVL.
* 5. Injective (INJ):
* Why he's bullish: Injective aims to integrate institutional investors and be highly developer-friendly. Built on Cosmos, it supports multiple programming languages (EVM, Rust), allowing developers to port their code easily. Its focus on real-world use cases and being "institutional friendly" positions it well for future institutional adoption. Injective also has strong tokenomics with burning mechanisms and ecosystem airdrops.
* Personal perspective: He finds the CEO, Eric, incredibly smart. While Injective has already seen substantial growth (he bought it at $25, and it's up 60%), he's "fire and forget" on it, expecting significant returns if the bull market lasts.
* 4. Enjin (ENJ):
* Why he's bullish: Enjin has a long history in blockchain gaming, developing a reserve currency concept for in-game items. They've built out a complete ecosystem including wallets, blockchain explorers, and NFTs. Their migration to Polkadot-based chains (Enjin Relay Chain and Enjin Matrix Chain) allows for extremely cheap transactions. The ultimate game-changer is the potential for game developers to pay transaction fees for gamers, removing a major barrier to adoption.
Personal perspective: Enjin holds a "soft spot" in his heart; he's been "diamond handing" it since 2018, having followed them since GDC 2018. He sees immense potential now that their platform, wallet, and SDKs are ready for developers. He highlights it as the only* sub-$1 billion market cap coin on his "buy and forget" list, indicating strong conviction despite its smaller size.
* 3. Fantom (FTM):
* Why he's bullish: Fantom is undergoing a major upgrade called "Sonic" in Q1/Q2 2024, which will offer "insane scaling" with 2,000 transactions per second (TPS), significantly faster than many Layer 2s and Ethereum itself. This speed, combined with its historical friendliness with DeFi (including Andre Cronje's involvement), positions it for immense momentum.
* Personal perspective: He's "quite heavy into Fantom" because he believes its narrative of insane speed and DeFi friendliness is yet to be fully realized by the market. His acquisition price is around 44 cents.
* 2. Binance Smart Chain (BNB):
* Why he's bullish: BNB's proximity to Binance, the largest exchange, is its primary strength. The recent regulatory clarity regarding CZ's plea deal, while unfortunate for CZ, removes significant "FUD" (Fear, Uncertainty, Doubt) and allows Binance (and by extension, BNB) to grow with "protection from the US government." This means Binance can continue its aggressive listing and user acquisition strategy.
* Personal perspective: He believes BNB can still pull off "insane growth" despite its past rallies, especially now that the regulatory cloud has lifted.
* 1. VeChain (VET):
* Why he's bullish: VeChain 3.0's focus on institutional use cases like supply chain management and sustainability, combined with its strong partnerships (e.g., PwC, BYD), makes it appealing to large corporations. The underlying technology is solid, and their new V-World wallet is "sexy af." He notes VeChain's historical tendency for "explosive growth periods" when it gains momentum.
* Personal perspective: He's been involved with VeChain since 2018 and has a "huge bag" of VET. He believes it can be "rediscovered," particularly by bridging the Chinese market's enthusiasm to the Western market, leading to aggressive, "one-way up" price action.
* Honorable Mentions:
* Avalanche (AVAX): He holds a lot of AVAX and is using it in farming (AVAX/USDC pool).
* Boba (BOBA): Another Layer 2 he's watching.
* Cardano (ADA): He believes Cardano will "finally have its day in the sun" now that it supports smart contracts and has loyal supporters.
* Polkadot (DOT): Strong Chinese community, useful projects being built on it, and potential for growth.
* Neo (NEO): He sees potential for a revival, noting its renewed marketing efforts and partnerships, including one with Fame for AI influencers. He believes Neo could make it onto his main list soon.
* Overall Investment Philosophy for 2024: His thesis this year is to "make money" by not picking sides in the crypto space. He will look for momentum and trade opportunities while also holding long-term (diamond-handing) assets he believes in deeply. He mentions coins like TRX and XRP as good for trading opportunistic waves rather than long-term holds.
Transcript
Fox Money live stream. I haven't done these in a while and this is the first live stream of 2024. So I'm glad to see you all again. I know I'm streaming at a different time, but I'm preparing this video for everyone. So if you're watching this not live, that's great because this content is really about the top cryptocurrencies, the top coins that I bought and is ready for 2024. Now, I also put something that's quite interesting here. This is the buy and forget portfolio. So almost every single ...