I'm looking for advice.
I cashed out my crypto investments earlier this year, because I had good opportuntiy to buy real estate (nothing extra big, but it helped me with down-payment for mortgage). Extra money I didn´t need at the moment were reinvested again to following coins: RAY, CAKE, RARI and I kept holding some BLZ. Unfortunately, this reinvestment came before the crash. Some of the coins got back or higher to my buying price (RAY) and some are still undervalued in comparison to pre-crash price.
At this moment, I can see RAY being the most promising. While I am not sure about current potential of CAKE or RARI. Do you think it´s wise idea to move funds from mentioned underperforming coins to RAY or some other coin from Solana ecosystem?
I am not talking about some huge money, so I am opened for high risk/reward solution.
I'm also wondering about CAKE now and looking at RAY. If the bull market continues as people generally expect to around $150,000 for BTC, I can see SOL doing a 3-9X and RAY a 10-15X. CAKE on the other hand has gone sideways in terms of TVL, and BNB is not performing much better. BSC's reputation has been battered a bit and there is actually more flowing into ETH DeFi, despite the fees.
But with saying this, sometimes coins moon out of the blue. I have a lot of PRE, which had a decent run and them slumped. but then went 10X overnight.
I didn't think BSC would be that much of a long-term hold as it is just an ETH clone with faster blocks and lower fees. But I didn't think it's useful life might have been so short.
I also have a lot of UNI, which has been very sideways. It has a 3:1 Cap:TLV, while CAKE has a 1:1 and Raydium only has a 0.55:1. Another I had like this was LINK. It was going sideways for a long time, it seemed to have a fair top 10/15 valuation and little more reason to go up, so I dumped it.
I think the main query is - how many more pairs can they get on Serum/Raydium? There are a lot more pairs on BSC - BAT, BLZ, UNI, 1Inch, BTT, ADA, DOGE, AXS...
I think at worse, Raydium mirrors CAKE; while I think it more likely outperforms it considerably. There is a lot of talk about SOL, a lot of the smart people are talking and holding. If Solana can onboard a lot more coins onto the chain then it should keep the ecosystem boyant.
On RARI, we have seen very little movement for NTF related coins. The only big winner is ENJ, which I hold and am thinking about dumping.
One issue, is the real window to jump to Solana has gone. SOL is up about 8X, RAY up 5X, while all these other coins are maybe 1X. Which asks the question - are we going to see more of a pullback in SOL et. al. To me it looks like everything else - sideways-down into Oct and then there is a huge squeeze coming on 1W Bollinger bands. It will move swiftly from that position - buy/sell the movement - I think - up.
I'm def. going to change these for SOL ecosystem tokens:
PancakeSwap is still in about the top 500 sites on the internet, so I'm more bullish on that.
Saber and Sunny look undervalued to me.
@Thirdworlder - SUNNY and Saber seem the best to me. RAY is a higher-cap coin I think will outperform. But on these ones like Saber and Sunny, they tend to moon and then have big pullbacks. Other than that we have missed the window for nice buys when Solana was around $20. But I see there is another pullback today.
Keep your eye out on Solana Twitter and see if anything gets a lot of attention -
#Solana Daily News, Guides & Featured Projects. Join us for fastest update: http://t.me/solana_daily & http://t.me/solana_dailyann. For business proposal, PM http://t.me/tk_media.
It looks like the BTC price might bounce of about $43K.
Big squeezes coming in on 3D and 1W into Oct: