Turning $2K into $100K in Crypto — Altcoin Portfolio Update #9

9Bwh...41KD
23 Jan 2024
47

This challenge has been an amazing tool to revisit the obstacles that exist for a fresh entrant into the cryptosphere, with a limited portfolio. It has helped to refine my on-chain activities and force me to rely on my experience to become more efficient. I have had to navigate bridging costs, staking costs, claim costs, transaction fees and most of all very careful allocation of finite resources.
Admittedly, although I am very confident in the success of the private/seed sale approach, I certainly underestimated the effects of these costs. In order to keep the pace higher, and the activity levels more beneficial for those following along, I have decided to increase the starting capital to $3,000 from the original $2,000. Hopefully those of you along for the journey are similarly able to add to your liquidity, and accelerate our mission to build your portfolio to $100,000.
Get ready for some action packed weeks ahead as we look to buy dips and allocate to some solid upcoming sales!

Portfolio Snapshot:

EVM Wallet: 0xeaEe49f721cA1c0F0B75Ee076ecC3AAd79Bdd774
SOL Wallet: ME8qReBhqmPC8dNhWdXsXeCW5WvhtNe24D7LE4BPPXT
Week 9 Update
Week 9 Update
Follow along live using Zerion.io Mobile App (it will send you a notification for all EVM actions in real time)

ACTIVITY:

  • Added $1,000 USDT on BSC to jumpstart the activity potential and give a nitro boost to our journey to $100K.
  • Swapped $194 USDT for 3,975 $AGI (Delysium), an AI project with very interesting vision to create a series of AI products including an open world framework capable of integrating hundreds of millions of users and billions of AI.
  • Tried to buy $SHRAP (Shrapnel) on PancakeSwap (BSC), but liquidity is too low. Will consider bridging to AVAX to buy on TraderJoe to capitalize one the ongoing dip.
  • Looked to buy DEDPRZ, also no liquidity on PancakeSwap (BSC), will look to deploy on other deals.
  • Bridged $35 from USDT on BSC to AVAX using Zerion.io (best price, quickest bridge)
  • Bridged $150 USDT to USDT on AVAX to buy $SHRAP (solid AAA gaming project with lots of traction)
  • Swapped $150 USDT to 641 $SHRAP on Trader Joe DEX
  • Added an additional $50 AGI (Swapped $50USDT to AGI)
  • Swapped $100 USDT for 126 wMATIC on PancakeSwap (BSC)
  • Bridged $100 USDT from BSC to SOL using RocketXExchange
  • Swapped $97 USDT to 855 $RLB on Jupiter Exchange (SOL)
  • Invested $75 in Octavia AI via Duck Dao
  • Swapped additional $50 USDT to 66 wMATIC

Conclusion:

It feels very much like we are heading for a mild short term pullback in the crypto markets. Price action on BTC after the ETF approval is underwhelming, and altcoins have already felt the brunt of the moderate disappointment.
Most folks, particularly in crypto, are hyper emotional and have too much of a short term focus. Consider any dips a phenomenal opportunity to add to your stacks before the ship leaves for the full throttle bull market. Regardless of the price action in the coming few months, those who have the wherewithal to buy now while prices are lagging progress are the ones who will benefit the most as we approach that blow off top in the second half of 2025.
We huuuumans are terrible exponential thinkers, and it can be difficult to envision the frothy bull market prices we are sure to see. I am expecting a couple months of chop as we approach the halving, but am generally ignoring the short term noise in favour of the longer term construction of the portfolio. The goal is to avoid over-trading, ignore the chop, and prepare for those parabolic prices that are sure to come.
Good luck out there, and see you on the next one!
Sovereign Crypto
I release regular altcoin and crypto updates, subscribe for more info and to keep up to date!

Referral Bonuses/Codes:

Cross Chain Swaps & Bridge: RocketX Exchange
Best rates by far, bridge/swap ANY chain, swap/bridge in a single transaction, CEX & DEX, no KYC.
Best Exchange (non-us): Swissborg
Good rates, medium number of tokens, great ETF-like products, very secure & safe, fast withdrawals, solid on/off ramps, built-in launchpad
Best Exchange (US & Others): Kraken
Good rates, excellent global on/off ramps, medium number of tokens, safe & secure.
Perpetuals DEX (on-chain futures): Level Finance
Very good funding rates, BSC & ARB, medium liquidity, low token options
Best Futures and Sports/Crypto GambleFI: Rollbit
Amazing easy-to-use UI, easy on/off ramps, up to 1000x futures, sports and other gambleFI.
Disclosures:

  • I own or am accumulating the above mentioned tokens/investments.
  • Not financial advice.
  • I rebalance my portfolio occasionally and the above may change from time to time.

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