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Cryptocurrency trader and YouTuber Ben Armstrong is revealing the composition of his multi-million dollar digital asset portfolio.

In a new video, Armstrong says while he is heavily invested in altcoins, BTC is his largest holding which constitutes 30% of his crypto basket.

Other crypto assets that comprise at least 10% of his portfolio are the second and fifth-largest tokens by market cap respectively.

We have Bitcoin as 30% of our portfolio right now. We have Ethereum (ETH) as 22% and then Cardano (ADA), 10.92%.

The eight assets that individually comprise 5.2% or less of Armstrongs portfolio in descending order are: Polkadot (DOT), Aave, The Graph (GRT), USD, Chainlink (LINK), Ethernity (ERN), Synthetix (SNX) and Elrond (EGLD).

Other altcoins constitute about 15% of Armstrongs portfolio combined.

Armstrong highlights that his top-three most profitable altcoins are Ethereum competitor Cardano, browser-first cryptocurrency Nimiq (NIM) and non-fungible token (NFT) project Ethernity Chain which he predicts could become the most profitable in future.

Our most profitable coins here are Cardano, its our number one most profitable coin weve ever had, and ERN. And I think that ERN is going to end up actually being number one here in the near future.

The YouTuber adds that Ethereum, Aave and Tether (USDT) have incurred the largest losses in his portfolio.

And you guys can see down here coins with the biggest losses. Aave, we kind of bought a lot at the top of that. And then Ethereum (ETH). I dont know why its showing Ethereum with one of the most losses. I guess just because its been lagging lately.

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Crypto Trader Ben Armstrong Reveals His $10 Million Bitcoin and Altcoin Portfolio - The Daily Hodl

Crypto trader and analyst Tyler Swope says hes found what could be the most undervalued coin in the entire crypto market.

In a new strategy session, Swope tells his 211,000 YouTube subscribers that Vesper Finance (VSP) is far from its fair market value based on the total value locked (TVL) in the protocol.

But why this is important is because TV friggin L. Total value locked up in Vesper has crossed $750 million. So I just see an imbalance: $80 million market cap, $750 million locked up. Oh yeah.

Vesper Finance is a decentralized finance (DeFi) project that provides a suite of yield earning pools for assets like Ethereum (ETH), Wrapped Bitcoin (WBT), USD coin (USDC), and its native asset VSP. It features an easy-to-use platform designed to help users grow their digital assets through staking and other income-generating strategies.

Swope notes that the price of VSP has recently underperformed compared to its TVL, implying that its currently trading at a discount.

[The imbalance] just recently started so the TVL started growing as well as the price. They started tracking each other. But here recently the TVL has kept growing while the price has gone down so theres an imbalance, I see it. In my personal opinion, Vesper will more than likely push up into the top 200, between 200 to 300 in due time just based on TVL. People are putting their assets into the protocol

TVL with Vesper is insane but its not only based on TVL. There can be projects that get a lot locked up and theyre not necessarily fundamentally the strongest. Vesper is fundamentally strong. I said this a meta aggregator unlike yield aggregators where youre putting it into one protocol. Theyre putting in multiple ones, meta aggregating your assets and then putting them into different markets for you.

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Featured Image: Shutterstock/Art Furnace

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Crypto Trader Tyler Swope Says Hes Spotted the Most Undervalued Altcoin on the Market - The Daily Hodl

Bitcoin price stands nowhere near the year-to-date returns of altcoins like Chiliz, Verasity and Kelver. Despite surging 2,260%, 2,880%, and 877%, respectively, these cryptocurrencies indicate a continuation of the parabolic runs soon.

Chiliz price is consolidating in a descending triangle pattern, which is a bearish technical formation. This setup forecasts a 47% drop if two demand barriers give in.

The first support that could revive Chilizs massive bull run is the 78.6% Fibonacci retracement level at $0.46. If this barrier crumbles, the 61.8% Fibonacci retracement level at $0.26 could provide the buyers enough time to gather steam and push the CHZ price for another bull run.

To invalidate the bearish scenario, the Chiliz price needs to close above $0.58.

CHZ/USDT 6-hour chart

However, if bears triumph, then the target would be $0.26. A breakdown of this level could trigger a 20% retracement to the 200 Simple Moving Average (SMA) at $0.21 on the 6-hour chart.

Verasity price surged nearly 340% in four days starting from March 12, forming a flag pole. Soon after hitting a local top at $0.02, the altcoin entered a consolidation that created the flag. During this phase, the VRA price formed a series of lower highs and lower lows, invoking a descending parallel channel.

This setup is a continuation pattern and forecasts a 77% upswing, which is the flag poles height added to the breakout point at $0.019. This target puts VRA at $0.034.

VRA/USDT 4-hour chart

In the case of a spike in selling pressure that leads to a decisive close below $0.01, the bullish outlook will be invalidated, kick-starting a descent for the Verasity price. If this comes to pass, VRA could drop 35% to 0.008.

The Kelver price also revealed the formation of a continuation pattern known as a bullish pennant. KLV surged 620% between March 5 and March 11, forming a flag pole. Subsequently, the cryptocurrency consolidated into a pennant, where it created a series of lower highs and higher lows.

This technical formation forecasts an 86% upswing, which is the flag poles height added to the breakout point at $0.13. This target places KLV at $0.25.

KLV/USDT 4-hour chart

If the Kelver price slides below the pennants lower trend line at $0.10, it will jeopardize the upward trajectory. Here, a spike in bearish pressure could trigger a 37% sell-off to $0.06, which coincides with the 200 four-hour Simple Moving Average (SMA).

Excerpt from:
These three altcoins outperformed Bitcoin in March and look primed for further gains - FXStreet

The crypto boom appears to be in full swing. Investors in altcoins such as Stellar Lumens(CCC:XLM-USD) have seen impressive price appreciation of late. Indeed, Stellar Lumens has been better than a 10-bagger over the past year, tracking the rise ofBitcoin(CCC:BTC-USD) with a high degree of correlation.

This high level of correlation suggests to some crypto investors that the entire sector is likely to be tethered together via capital inflows or outflows over time. Indeed, a diversified approach to crypto makes sense. You cant blame a guy for spreading his bets.

However, there are some key differences between Bitcoin and its alt coin peers. Thinking of Stellar Lumens as another Bitcoin light misses the unique properties that make this altcoin intriguing.

Lets dive into what XLM and Stellar Lumens offers investors that Bitcoin doesnt, and why investors might be interested in this alt coin.

The back story on Stellar Lumens is an interesting one. The cryptocurrency was developed via the same co-founder, Jed McCaleb, behind Ripple(CCC:XRP-USD). Initially, both tokens shared the same protocol, and were considered very similar to each other.

Not much has changed on that front. Both digital coins were developed for real-world use cases. Both coins focus on making cross-border payments frictionless. However, a key differentiating factor between Ripple and Stellar Lumens is that the latter focuses on SMBs (small and medium businesses)and individuals, while Ripple is more heavily focused on institutional clientele.

Im actually quite bullish on both Ripple and Stellar Lumens due to the real-world applications these cryptocurrencies provide. Theres real value being created in using these cryptocurrencies as an alternative to traditional currency. The same case is much more difficult to make for most of the altcoins in existence today.

However, another key differentiating factor is that Stellar Lumens is not in the SECs spotlight, yet. Lets dive into that a bit.

Ripple has been entangled in an SEC investigation surrounding a $1.3 billion unregistered securities offering. Essentially, the SEC is trying to make the case that XRP is a security, and has issued XRP without complying with the federal securities laws that require registration of offerings unless an exemption from registration applies.

Investors in Stellar Lumens have to contend with knowing XLM could be the next batter up for the SEC.

While Ripples future remains uncertain, it appears investors are bearish on this development for two key reasons. First, the SECs track record in prosecuting these cases is near lights-out. Second, the fines and penalties imposed by the SEC could be well in excess of what Ripple is able to pay to settle the dispute.

The same applies to XLM, and a number of early investors have already jumped ship accordingly. As mentioned previously, capital flows are an essential driver of the continued rise in the value of the cryptocurrency ecosystem. If more investors choose to follow a similar path, both XRP and XLM could have more significant downside potential than their peers.

Stellar Lumens is an interesting option for crypto investors seeking a viable reason to own a particular cryptocurrency today. Along with Ripple, Stellar Lumens is a top pick of mine in the crypto space today.

Those looking to put some hard-earned money to work in either option today should do so cautiously. In my view, these digital tokens are still highly speculative in nature. The unique litigation risks of both XRP and XLM provide an additional layer of uncertainty for investors. Practicing proper portfolio discipline and prudent portfolio sizing is very important for any long-term investor. This goes double for very risky assets such as cryptocurrencies today.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

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The Intriguing Investment Case to Own Stellar Lumens Today - InvestorPlace

A well-known trader of the industry, who is known as Altcoin Psycho, has recognized a new potential token on Binance Smart Chain to pour capital into.

The analysts bet is on Swirl Cash(SWIRL), a decentralized protocol for private transactions on Binance Smart Chain. This newly launched project has risen to popularity after high gas fees on the Etheruem network.

He tells his 142,000 Twitter followers that SWIRL, unlike other new tokens, it already has a working project up and running. It has been listed on pancake swap too.

Heavily aped in SWIRL today as soon as it listed on PancakeSwap. Swirl is essentially the Tornado Cash of BSC, with much better token economics.

The main product is already live, so its not based on a whitepaper. This one will do incredibly well in my opinion. his tweet read.

Previously, the trader has placed his bets on decentralized cloud storage solution Akash Network, that it would be in the top 50 projects.

The prediction turned out well, as the protocol has risen up 100% and made it to the 204th spot.

Two days ago, Swirl Cash tweeted that it has had 1 Million USD in private transactions over just 48 hours, it has received more private transactions than any other protocol.

Swirl Cash, has been posting regular updates of the platforms development on Twitter. After the traders opinion, Swirl has shot up from a low of $1.55 to a high of $6.51, i.e a 320% return for the traders. At the time of writing, the token is trading at $4.74, with a $6.17 Million market capitalization.

Link:
Swirl Cash on BSC Is the New Altcoin to Shoot up, Predicts Analyst - Coinpedia Fintech News