Today we do something that NO crypto channels EVER do. Except us. And we don’t do it that often either. But some are much more than none.
We look at some of our portfolio picks and tell you how crypto gains have been doing since we recommended them. Plus, what we would change with what we know now? Today, a scorecard on our previous recommendations. Let’s see how we did.
Our Q1-2024 & Q2-2024 Recommendations
So let’s start with our Q1 recommendations. We had 2 videos in February on Where to Invest $1500 and AI Gems. In total, we recommended 6 projects. On February 19, we recommended DOT, SOL, and KUJI.
And on February 28th for AI Gems we recommended RNDR, TRAC (OriginTrail), and The Graph $GRT. How did we do?
DOT: On Feb 19th, $DOT was trading at $7.50. Today, it’s $4.10. That’s down ~45%. Ouch. Pretty rough.
SOL: On Feb 19th, $SOL was trading at $111. Today, it’s $129.13. That’s a gain of ~18%. Pretty good in this tough environment for alts.
KUJI: We’ve had them in our Master Portfolio for almost 2 years. And by now, you know the Team mismanaged risk in one of their wallets and got liquidated using $KUJI as backing for some of their LPs. The token tanked and Thorchain came to the rescue. So what did that do to prices?
On Feb 19th, $KUJI was trading at $4.13. And today, 37c. A drop of almost 90%. That one hurts. We believe its rebirth as part of the Thorchain ecosystem will be a good move long term. But for now, holders are suffering including our Master Portfolio and some on the AB team, too.
This 3 coin portfolio was profitable on 1 out of 3. And no question about it, if you bought all 3 in February in equal amounts, you lost some money. Now, the AI gems:
RNDR: First, it’s renamed to $RENDER from $RNDR. So make a note of that. On Feb 18th, $RENDER was trading at $8.01. Today, it’s at $4.69. That’s a loss of ~42%. And this is a project we love long term so that big of a loss in this period is a little surprising to see.
TRAC: On Feb 28th, $TRAC was trading at $1.07. Today, it’s at 51c. That’s down 52% in the last 7 months.
The Graph: Then finally, The Graph was trading at 28c and today is trading at 14c. So that’s a 50% loss.
As you can see, our top AI picks, and they are still high-quality projects were down between 42-52% in 7 months. To compare, Bitcoin is down 5% in that same time. Ethereum is down 30% at the time. So of the 6 we picked, the only one that beat either $BTC or $ETH is Solana.
To be fair, it’s been terrible for alts for all 2024 so far but results are results. Now, our Q2-2024 recommendations. Here we recommend:
SUI.
SOL.
CFG (Centrifuge)
LINK.
Bitcoin and Ethereum.
And how did we do? As you can see in this chart, EVERYTHING lost money in Q2. From the leader Bitcoin down 12% to the leading RWA platform Centrifuge down 51%. Even SOL, which has been the market darling of alts was down 9% during this period.
It was a rough market for all. Other than some specific memecoins, I’m not sure there were any projects we could have picked in Q2 and made a profit. But the lessons from Q1 and Q2 are pretty clear. Bitcoin led the entire market while Solana led the alts. Nearly everything else did much worse. Now let’s look at the more recent Q3-2024 picks.
Our Q3-2024 More Recent Recommendations
Our Q3 picks have similar themes but now less time to perform well or poorly. After all, these picks are only since July and Q3 is ending at the end of this month so that’s less than 3 months. Our picks here were:
Bitcoin.
SOL.
NOT (Notcoin)
GFI (Goldfinch)
GLQ (Graphlinq)
POL (New Polygon)
CGPT (ChainGPT)
GRT.
FET (the Artificial Superintelligence Alliance)
OM (Mantra)
You see we have a couple of repeats as well as some deeper picks in areas we like such as RWA or AI. Here so far, we are doing better than the abysmal Q2 performance. So far this quarter, RWA project Goldfinch is at break even, while Bitcoin, FET, and OM are in the money. They have returns of 3%, 50%, and 25%, respectively.
Pretty nice so far. Many of our picks beat Ethereum, which was down 34% for the quarter. The evidence from our sample shows that market sentiment and conditions are better this quarter than they were in the first half of 2024. What else did we learn from this portfolio review?
What We Would Change Now
Here are the lessons we’ve learned so far in 2024:
Don’t Fade Bitcoin
If I’ve said it here once, I’ve said it 50 times. But if you don’t have at least SOME Bitcoin in your portfolio, then you are doing this all wrong. We’ve seen in almost every period in 2024 that more than 99% of projects did worse than Bitcoin.
Don’t discriminate against Bitcoin just because it’s “old” or “big” or the days of 50x in 6 months are gone due to its huge size. Given the returns we’ve just seen, I bet most of you (and us) would LOVE to see a 3x, 5x, or 10x, right? And Bitcoin can still do that with less risk than many of the alts out there.
AI and RWA Are Here to Stay
Other than SOL, many of the best-performing alts are in these 2 hot sectors.
Watch Creators and DeSoc
We are very early on platforms that are creator-centered or in Decentralized Social like Story Protocol or Farcaster. But sometime in the next year or two, they will emerge as equally hot sectors to AI.
SOL Dethroning ETH?
Solana looks to be the home of almost all retail activity. SOL and Sui are taking most of the action away from ETH in NFTs. Solana is crushing in memecoins and gaining in DeFi.
Will this continue? It could. And SOL has been one of 2024’s best performers. I would keep watching this to see if it continues.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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This articles is written by : Fady Askharoun Samy Askharoun
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