Top Trader Tyler Swope Reveals His The Crypto Portfolio
Top trader Tyler Swope reveals with his subscribers the top 10 cryptocurrencies to hold as volatility returns to the crypto markets.
#1 The top crypto asset on Swope’s list is Chainlink (LINK). Although Chainlink remains his top holding position, the analyst says that he actually reduced LINK allocation in his portfolio from 40% in October 2020 to just 24% because the other altcoins are printing bigger gains.
#2 Alchemist (MIST) is placed in the top 2 crypto asset of the analyst. The altcoin takes up 20% in his portfolio and its price has rocketed up a 1,000% increase since his first investment.
Mist is an NFT open-world role-playing game ecosystem on the Binance Smart Chain (BSC). It offers users the ability to easily exchange in-game assets without any intermediaries. The developers, in turn, can attract new users and receive additional income from the sale of game items and tokens.
According to the trader, the project has just launched in Q1 2021 and is built around NFTs, staking and farming. The Mist Universe and all its elements run on the BSC with the MIST token acting as the main in-game currency used to buy NFTs.
#3 Bitcoin (BTC) is the next cryptocurrency. According to the analyst, he increased his holdings in the leading crypto asset from 17% to 19% as BTC rose over 229% in eight months.
#4 The king of altcoin Ethereum (ETH) is next in the list as it has performed an impressive rally of 469% from $375 in October to above $2,000, yesterday. Currently, Ether is comprised of 11% in Swope’s portfolio.
#5 At number five is Unibright (UBT). The analyst says that UBT has massively risen 300%, from just $0.30 to $1.21, pushing it from 5% to 7% in his portfolio.
#6 Landing at the sixth spot is Energy Web (EWT), the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector.
The analyst notes that EWT has dropped from $6.92 in October to $5.20 this month, representing an 18% devaluation. However, he notes that he’s still accumulating EWT amid the price drop and it now makes up 5% of his holdings.
#7 Kusama (KSM), another project of Polkadot (DOT), is ranked seventh on Swope’s list. Back October 16th. KSM was sitting at $29.50 and as of yesterday, the price is $181.21, presenting over 514% increase. The altcoin is taking up 5% of his portfolio.
#8 The eighth altcoin is Soramitsu (XOR). Sora is both a new economic system that decentralizes the concept of a central bank as well as a network that implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools focused on DeFi.
The strategist says he increased his holdings in XOR by converting the Sora Validator Token that he received from the Sora airdrop into XOR. As the result, XOR now makes up 3% of his crypto portfolio.
#9 & #10 The two last altcoin on Swope’s list is Rocket Pool (RPL) and Ren (REN). The two altcoins take up 3% and 1% in his holdings respectively.
Interestingly, as for RPL, the altcoin has grown 286% during the last 8 months.