Popular Crypto Analyst Explains His Current Altcoin Investment Strategy Involving $Ada, $DOT, and Others

Popular cryptocurrency analyst and YouTube personality Guy Turner, the host of Coin Bureau, has explained his current altcoin investment strategy in a recently published video, which involves investing in several altcoins, including Polkadot ($DOT), Cardano ($ADA), and others.

In the recently shared video, Turner revealed that he plans to add to his portfolio the two top digital assets mentioned above, as well as Avalanche ($AVAX), which has recently made a huge partnership to help it onboard 50 million users, Cosmos ($ATOM), and Monero ($XMR).

In the video, he discussed how he plans to allocate the over one-third of his portfolio currently sitting in the popular stablecoin USDC, noting that he is keeping a close eye on the altcoin market and that he is looking at various such currencies.

However, he did reveal that he currently holds DOT and ATOM and is considering allocating more funds to them due to their promising prospects. He also expressed interest in broadening his portfolio by increasing his exposure to layer-1 tokens like ADA.

He added:

I might buy back into Avalanche at some point. I’ve just never quite timed my move into AVAX quite well enough, so maybe this time I’ll get it right.

Commenting on other altcoins, the YouTuber mentioned the privacy-centric digital asset Monero as a potential investments, but said there are “lots and lots of different alts that I’m going to be looking at.”

However, he cautioned against jumping into the altcoin market at the moment, citing the current market conditions. The cryptocurrency analyst did add he also plans to add more BTC and ETH in the future when prices drop.

As CryptoGlobe reported, DOT, a blockchain network often described as a “blockchain of blockchains,” has maintained its position as the leading cryptocurrency network by development activity. It’s followed by its pre-production network Kusama and smart contract platform Cardano (ADA).

Development activity, it’s worth noting, is a metric measuring the development activity in projects’ public GitHub repositories, and does not include private repositories’ work.

Cardano came in third place in the ranking, ahead of Internet Computer ($ICP), Decentraland ($MANA), Ethereum ($ETH), and Cosmos ($ATOM). Status ($SNT), Vega Protocol ($VEGA), and Filecoin ($FIL) also made it to the top 10.