Joe Parys Revealed Top 4 Altcoins On His $1 Million Crypto Portfolio
Joe Parys is an expert in crypto, he even has his own tuition class, teaching traders how to make money with crypto.
In the latest video, he has revealed the top 4 altcoins on his $1 million portfolios, teaching you to multiply your money exponentially with cryptocurrency.
The main coins he owns
The main altcoins that Joe is holding are Polygon (MATIC), Avalanche (AVAX), Solana (SOL), and Cardano (ADA). The reason why he owns a little bit of each of these is that he doesn’t know exactly which one is going to do well and when it is going to do well.
He also tries to micromanage some of these things. This has worked out extraordinarily well. Therefore, he believes these cryptocurrencies can go in the long run.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infra required by the developer.
Polygon (MATIC) is the Ethereum internet of blockchains and is a layer 2 solution. While there are many another layer 2 solutions and other blockchains competing with Ethereum, he owns one of the better layer 2 solutions.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent, and fair.
We have the smart contract platforms for a lot of the different ecosystems like NFTs (non-fungible tokens), decentralized tokens, yield farming, GameFi, metaverse, and many others. This is where traders can spend the time to actually diversify their portfolio into a lot of these different categories.
Joe owns a piece of the metaverse, GameFi, decentralized tokens, and especially smart contract platforms. He even owns some stable coins as well as centralized exchange tokens. This is the ultimate strategy for building your cryptocurrency portfolio, you take profits into other coins and this is how you can multiply your money exponentially.
The main strategy that Joe teaches people in his class is to get into new projects early. These are called pre-sales or ICOs. These were actually all of the rages back in 2017, but they’re still very popular today.
You can participate in pre-sales and ICOs by getting into something called an incubator or a launchpad. Some of the most popular today are ones like BSCPad, Polkastarter, PAID Network (PAID), DuckDAO, TrustSwap, and there are literally many others.
- Top 5 Potential Altcoins To Buy In May 2022, According to Cheeky Crypto
- Top 6 Upcoming Metaverse and NFT Game Projects Going To Be Huge In 2022