Enjoying the Alt Season
The story of the alt season so far has been all about SOL as this chart shows.
However, we are starting to see some more movement from some of the layer 2s and the market generally trending up. Will they catch up with the runaway SOL?
My thoughts are that you don't need to try and buy all coins. This is because if they are a similar tokens and doing similar things, then just getting on one of them would be enough to get you a nice gain. Of course we would all like each token to do a SOL, but maybe we get lucky and get one like that.
I sadly sold my SOL bag quite cheaply when looking now, but I wanted to reduce the tokens I was holding and don't regret doing that. Will SOL become the new ETH and keep on rising? Who knows, but it still has a way to go to its previous ATH.
I noticed that the awful shitcoin CRO has suddenly exploded higher this weekend showing that, it doesn't matter if the token is good or not, a good amount of hype can pump anything. I bought some near the bottom to bring my own liquidation point lower and hopefully I can exit it without losses soon if the pump continues.
I have written about my adventures with the CRO token and I was unsure if I should add to my bag when the price hit new lows, but seeing it pump now, I am glad I added and now am thinking if I take the liquidation point I had in mind or try to take some profits if it pumps even to half of its previous ATH would be a nice exit point for me.
Having a plan and sticking to it is important, so I will definetly do one or the other. Probably exit as fast as I can and deploy the funds somewhere else, I don't want to get trapped in CRO again, I was pretty much writing off my coins here.
Although not quite as dramatic, it is good to see Hive moving up steadily and maybe it will have a major breakout at some point too. However, it is good to see it is moving up and staying pace in a similar % range as Bitcoin itself and maybe it can close this gap again in the future.
The lows for this cycle for Hive were about $0.25, so reaching anything over $2,50 would be an impressive 10x. That would be good to see and anything is possible.
Another token that seems to be doing well is Kaspa. It is a PoW chain using BlockDAG technology that seems to be getting some hype at the moment. In the last month it's market capitalisation has almost doubled.
Although it doesn't really have any usecase at the moment and there is only talk about increasing the transaction count and adding smart contracts to it. It is still a nice move up if you were lucky to be on it.
I have also noticed after watching an AfterGaming video that there seems to be quite a few green candles in the GameFI space. This is pretty good news for web3 gamers.
As I play a few web3 games, it looks better for my GODS, IMX, SPS and WAXP tokens and NFTs that are getting a nice boost in price. I still think GameFI has a big role to play in gaming, just not on ETH where fees are ridiculous and some better options like on Hive or Wax will take off more.
What are you enjoying about the alt season so far?
Thanks for reading.
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Yes, it is a never ending learning journey and we can only hope we do the right things most of the time 😀
I also think that you sold Bag of SOL quite early. Now it is hiking up but don't regret it is already been done.
Yes, it was anyhow only a small bag, so no harm done really. Hopefully we will see Hive do some good moves soon 😀
Great post! Nice diagram of L2s, they probably run, wonder how high then :)
I also had some CRO just gave f in them really, small bag. Just keeping them if they will surprise me in the future.
I had some Matic before they rebranded to Polygon from 2018 bearmarket crushed in value, but in 2021 they went 100x
I also think Hive will see $2.5 again, it will likely be short lived in a new ATH. But we had our weekly breakout, a shift from bear to bull trend is happening imo, only a new low would invalidate it right.. I also belive gaming and metaverse will do great in this cycle.
All the green 😃
It's good that finally have some up trending markets and that feel good feeling back. I know Matic has rebranded again to POL,.but I don't think we have to do anything yet. Would be nice if it went on a good run, but I can't imagine another 100x again.
I am loving all the green again too, hoping we can see some new highs in Hive, let's see if it surprises us.
Yea finally some love hehe, another 100x need to be new hyped coins I think, old might do 10-20x as "old" in previous cycle did.. Have a nice evening :)
Yes,.fingers crossed for Arb and Kas. 🚀😁
this is just the beginning :P lets go man load up even tho u already have a ton o.o hive has gone up as well and its amazing our voting value goes up as well which i didnt knwo until recently ;3
Yeah man. Exciting times! It is good to see those higher vote values.
O.O exactly so u can get more hive haha and more everything
Moooar!
make me rich steve im counting on u
U already a Splinterlands whale.
Oh.
Sol is having a price increase now
Right?
Yes, it more than 4x from the lows.
Well, wishing you a good luck for the next time 😊
We can't even buy all the coins
The best thing to do is buy the ones that we are sure of its pump and that's all
Yeah, trying a scatter gun approach could work!
Most coins and token are gradually going up. Hive has also find it way up.
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Yes, it feels like the market is moving up. Thanks for choosing my post.
It's interesting to watch Cardano's performance ... or lack thereof. So much hype associated with this coin; I don't see it stay in the top 10 though. I find Link really fascinating as a project & use case.
Yeah,perhaps Cardano's day will come? Link has done very well, I wonder if there will be some adoption with the ordinals, but it seems a loved token right now.
The one thing I learnt in crypto and life us no regrets. The amount of so-called experts who wrote off SOL is laughable. Alt season is fun and trying to have too many coins is a recipe for disaster. Not only do you lose focus but you will hold coins that pull down you portfolio profits
You are right there Ed. I got rid of my SOL and LINK bags to consolidate as it is too many to watch. It was not so much as writing them off in my case, but I do remember their lowest point and the big bag on FTX that was supposed to be liquidated, yet they pump the most.. the market makes no sense to me! lol
Exactly!!!
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Go alts go! Go HIVE go!
Yeah, just remember to take profits.
Incredible.
Crypto can take any turn anytime.
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Good to know how hive and layer2 tokens are fairing. Hopefully it continues to appreciate. Thanks for sharing. Best wishes.
Thanks, hopefully we get a nice bull run now. 😀
Hope so too.
I've been keeping a close eye on BTC as it continues to rise in fiat value, mostly because I have a good chunk of DOGE and SWAP.DOGE in BitForex and Hive Engine that I'm hoping to sell for a nice profit, so that I can buy HIVE to power up. In terms of other blockchains, only a few interest me. I've been hearing about SOL lately, so I should perhaps take a closer look at it. I'm just really picky in which coins or tokens I involve myself. I wish you immense success on your trades, Steve! 😁 🙏 💚 ✨ 🤙
Thanks man. Seeing my CRO bag rise up from the ashes, I think this will give you a good opportunity to sell your DOGE at a nice profit too. We still have plenty of time and I am sure the party is only just getting started. Fingers crossed the momentum in Hive continues. 😀❤️
You got it, Steve, you're very welcome! Yes, I'm sure! That's my hope! It's looking good I'd say! Yes, this is a huge wave that's just beginning to swell! A big yes to that! 😁🙏💚✨🤙
Exciting times to come!
I think so and it is nice to shake off the bear!
So many token are doing pretty well.
Now is time to accumulate more
It has been a great accumulation phase and now we can enjoy the bull run.
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