My altcoin portfolio and prospects for the upcoming bull run.

If you have been reading my articles, it is no longer a secret that I have shifted from bullish to extremely bullish over the past few months. The crypto landscape is quickly becoming one of the best in its short history. I believe we have completed the transition from the accumulation phase to the early stages of the bull market, and the fake ETF approval news released a few weeks ago marked the final shift.

We are now sitting on the precipice of what could be the last true parabolic bull run, and if my calculations are correct, it could be the biggest ever. The best storm of crypto catalysts and macro changes is building, while bear market PTSD is still keeping a lot of cash on the sidelines.

The decoupling of crypto and trade finance (TradeFi) is happening before our eyes, the best storm continues to build, and yet we still have an overwhelming (albeit shrinking) majority holding out for lower prices.

The ship is leaving, the trade finance island is burning, and everyone is waiting for a better seat. When they realize the ship has left, they will not hesitate to jump into anything that floats and buy back cryptocurrencies at many times the current price.

My investment thesis:

My overall thesis is that we are already in the early stages of a bull market, often referred to as the “doubt” stage. Ellio Trades and Miles Deutscher produced a fantastic chart that clearly shows where we are in the cycle, and the correlation of the BTC chart to the market cycle chart is pretty amazing.

My approach is based on several basic assumptions that are well researched.

1. The next bull run is already in its early stages and will accelerate in Q1/Q2 2024 as the halving approaches, and end in Q3/Q4 2025.

2. The main themes of the next bull run may include games, wallets, all-in-one DEXs, high-quality launchpads, and some unknown narratives that we have not yet considered.

3. The main goal is to buy and hold undervalued, high conviction stocks in these stories. I am not a trader.

4. Divide your portfolio into 3 main categories. Adjust them based on your risk profile. This will naturally change as prices move, perhaps more towards alternatives in a bull market and ideally more towards wealth protection at the end of a bull market.

• Speculative Alternatives (1/3)

• Blue Chip Alternatives (1/3)

• Wealth/profit protection (1/3)

My current altcoin portfolio has an expected return of 30-50 times

To make it clearer, here is a highlight of my current portfolio, including most of my holdings as of November 2023, but ignoring some smaller holdings and some presale and seed tokens I hold because they are too early to properly evaluate. I divide my holdings into three main sections: Blue Chip Alts, Speculative Alts, and Hot Prospects. Keep in mind that I also hold BTC and ETH as a 1/3 wealth protection portion of my portfolio.

Let’s get started.

Blue Chip Altcoins:

Chainlink — $LINK [Initial call: $6.50, Current: $11.22 (+72%), M/C $6.2B]

Chainlink is the premier crypto infrastructure coin. With the implementation of CCIP this year, $LINK has solidified itself as the go-to oracle and cross-chain solution. $LINK's main problem in the past was the token value accumulation mechanism, which has been greatly improved with Chainlink 2.0. With the new cross-chain CCIP, improved token economics, and substantial partnerships, $LINK is poised for huge gains. (Expected increase, target $130-150)

• Polygon — $MATIC [Initial call: $0.87, Current: $0.63 (-27%), M/C $5.8B]

Matic/Polygon has been extremely oversold over the past few months. Expecting a rebound, especially with the upcoming rebranding of the $POL token and the implementation of the full L2 tech stack which will treat the $POL token as a gas and governance token for multiple L2s. Given the drop, the risk/reward has improved and my targets remain the same. It's a good time to accumulate, having recently added to my bag. ($12-15 USD expected)

• Solana — $SOL [Initial call: $20.39, Current: $43 (+110%), M/C $15B]

Solana has shown great resilience in overcoming the FTX/Alameda debacle and is rebounding while growing DAU and TVL. The Firestorm upgrade is a huge technical improvement that will scale Solana significantly. This week’s Breakpoint conference shed a whole new light on Solana, but a short-term pullback is expected as interest cools, followed by what I expect to be a continued significant rise in this cycle (expectations remain unchanged at $650-800)

• Fantom — $FTM [ $0.37, current $0.24 (-35%), M/C $700M ]

Fantom was the unfortunate victim of the multichain bridge hack earlier this year, which resulted in a massive reduction in TVL and the downfall of several of the better dApps on the protocol. The technology continues to evolve in the hands of Andre Cronje, one of the best programmers/developers in the space. Now that the hack is behind us (fund recovery is imminent), and FTM has integrated Layer Zero and Axelar for a more secure bridge integration, $FTM is poised for a robust recovery. I reduced my position at the time of the hack, but will re-accumulate on a pullback. ($7-$8 expected)

• ImmutableX — $IMX ($0.76, currently $0.67 (-12%), M/C $8.20M)

Still one of the best infrastructure for gaming and GameFi. They have added numerous large partners and their zkEVM is coming soon. The price has held up well despite some large token unlocks. The team is also committed to re-locking team tokens and treasury tokens for the long term and the selling pressure has eased significantly at the moment. This one has huge potential in this bull run and is one of my strongest investments. ($15-17 USD expected) Dive deeper here.

• $DOT ($4.60) and $ATOM ($7.66)

I have reduced my ATOM position by 50% in favor of other tokens like SOL and MATIC. Despite the appeal of the Cosmos ecosystem, the token’s appreciation in value is still very low.

DOT is approaching the crowdloan unlocking period at the end of the last bull run, which may lead to some selling pressure. I still can't understand why DOT has one of the highest number of developers, but so few dApps actually in use. That said, DOT 2.0 has some very interesting changes, and the Substrate programming language seems to still be a favorite among developers (if not as many users). The biggest hurdles are still the need for better UI, more dApps, and adoption. I am currently monitoring DOT and may reduce my investment in some of the newer Atlcoins ahead of the impact of Polkadot 2.0.

Speculative altcoins:

• Radix [$XRD — Initial: $0.07, Current $0.04 (-42%), $420MM/C] and NEAR [$NEAR — Initial: $1.67, Current $1.47 (-12%) $1.4BM/C]: $NEAR and $XRD have impressive tech stacks but are still in their early stages and lack the adoption needed for large-scale price runs. That said, Radix surged earlier this year due to the release of the Babylon upgrade. With Babylon, their tech stack is ready, only lacking marketing and some user traction. $NEAR is set to host a conference next week following the Breakpoint Solana conference, and there may be some hype and capital rotation in the coming weeks. I continue to hold both and have slightly increased my NEAR bag in recent weeks (expecting 25-30x)

• PancakeSwap ($CAKE $1.83, current; $1.60 (-12%), $360MM/C): CAKE is still one of the most undervalued DEXs, but has suffered from the Binance FUD, which seems to be almost a background noise opinion. With new token economics, burn mechanism and revenue sharing, $CAKE has huge bull potential. (Expected 40–45x)

• TrustSwap ($SWAP Initial: $0.23, Current: $0.11 (-52%) $23MM/C): Trustswap experienced some meltdown with the departure of prominent CEO Jeff Kirdeikis. Unfortunately, his actions seemed dishonest and caused some marketing and transition backlash in the community for the company. That said, he was fired and a new high-profile CEO was hired as a replacement. The token itself also suffered due to the former CEO selling his personal tokens and lack of direction. Most of the value I expect will come from sales that continue to perform well. (Expected Yield/Sales: 20-25x, 20x tokens (down from 40-45x), 40-45x total). Deep dive here.

• XBorg (Token TBD, Genesis Prometheus NFT Initial Floor: 0.9 ETH, Current Floor 1 ETH): The best GameFi infrastructure project right now, with a very low market cap and some incredible partnerships. Their innovative initial team product is expected to launch in late Q4 or early Q1, and will be a huge catalyst as they secure partnerships with a ton of Tier 1 and 2 esports teams. Their Gamerbase.gg app is expected to be released in the coming months, which will be a huge draw for esports teams and players. Additionally, their SEED sale sold out in minutes, and they have raised over $3M to date. (Expected 100-110x plus yield from sales/ITOs). Deep dive here.

• Zerion Genesis NFT (initial reserve price 0.16 ETH, current reserve price 0.25ETH, +56%): This is an amazing value that is completely overlooked by the market. The Zerion Genesis rare legendary card will give you lifetime free access to the platform. Zerion is the premier all-in-one wallet with built-in cross-chain swaps, bridge aggregators, NFT and portfolio trackers, and a new dynamic DNA NFT system. These NFTs underwent a transition to dynamic xNFTs a few months ago, and most have never moved. The current supply has dropped to approx. 2,000 of approximately 7,500 NFTs. They are extremely scarce and will continue to grow in value as the wallet abstraction functionality increases. I also believe an airdrop is ongoing and will be highly valuable (speculative) for NFT holders and platform users (expect 25x+ utility). Deep dive here.

• Rocket Exchange ($RVF) — Anonymous, KYC-free cross-chain atomic swaps with DEXs and CEXs. The token has surged from $0.07 when I last mentioned it to $0.65 today. It is still severely undervalued, but if you are considering taking a position, I recommend waiting for a pullback.

• Swissborg ($BORG, initial $0.11, current $0.20 (+81%), M/C $197M) Swissborg is a CEX aggregator with a full and growing suite of features. They have been hard at work building this bear market and have added some impressive innovations to the platform. This has become one of my larger packs and the recent pullback could be a big accumulation level. They recently added a DEX component to the aggregator engine, are adding trading to the Alpha VC investment opportunity platform, and are rumored to be adding an ETF-like copy-trading component. Deep dive here.

• Akash Network ($AKT, initial $0.50, current $1.02 (+100%), M/C $220 million). Akash is probably the top AI infrastructure. Their platform supports crowdsourcing and decentralized computing power and has seen some parabolic adoption with the AI ​​boom. $AKT is a Cosmos-based chain with native IBC interoperability and calls itself a super cloud network. ATH is over $8, a figure that could easily be surpassed as AI amplifies demand for computing power and cloud storage.

Honorable Mentions…

• BSCPad — ($BSCPAD) IDO launchpad on BSC. No one is better at creating hype than Bluezilla, the marketer behind BSCpad. The stock has been quiet during the bear market, but is fairly cheap and has found a solid accumulation range. This will bring huge dividends through their sales when the IDO comes back, with lower distributions but high returns.

• Osmosis — ($OSMO) The main DEX on the Cosmos ecosystem. Amazing UI and technology allows cross-chain trading. OSMO benefits far more from the adoption of the Cosmos SDK than ATOM itself. I think it is the better way to play the Cosmos ecosystem, and I stand by it.

• Duck Dao ($DDIM) presale and IDO platform sold an incredible 1400x in the last bull run. Like BSCPAD (and most launchpads) this one has been pretty quiet but the team is building in the background and putting together a Real World Asset platform for which they hope to secure licenses and partnerships. Very good price and time to accumulate this.

• NASDEX — ($NSDX) Tokenization of real assets with a large team and large partners. Still in the early stages but looks to be a potential big winner.

• Mummy Finance ($MMY) Fantom-based perpetual DEX that just expanded to Optimism. Generating pretty good yields through revenue sharing, needs to attract more TVL and users. The project was also the unfortunate victim of the multi-chain bridge hack, but has shown some resilience and has been recovering over the past few weeks. One to watch, and could be a solid pick if you believe FTM will recover.

• Apecoin ($APE $1.82, $480MM/C) APE was hit hard by the bear market but has recently shown signs of a reversal. Apecoin is both a revival of the NFT narrative and BAYC’s take on the Otherside metaverse.

• FraxShare ($FXS $612, $450M/C)A solid bet on the stablecoin game as well as the liquid collateralized derivatives game. $FRAX has performed well in the bear market and is a frontrunner in decentralized stablecoins that capitalize on the LSD narrative.

• Lybra Finance ($LBR $1.00, $17MM/C) is the most undervalued LSD narrative game that innovates decentralized stablecoins, paying interest on all tokens in circulation. $LBR is severely undervalued by market cap in TVL. The new Lybra 2.0 also significantly improves their token economics.

Top prospects:

• Nexus Gaming: I recently added this to the portfolio, and it’s quietly building some strong momentum. The Nexus Gaming Lifetime Pass offers free lifetime access to its upcoming crypto analytics and tooling platform, as well as tiered access to its gaming-focused launchpad. The base price is currently 0.45 ETH, but it’s unlikely to stay there for long.

• Echelon Prime $PRIME ($3.00, $85MM/C): This is a gaming studio with the most competitive gaming-earning digital deck builder. Frankly, the token economics and marketing need some work, but if they can get some game adoption through parallel TCGs and demonstrate the value of their infrastructure to other Web 3 games, there is huge potential.

• Vulcan Forged $PYR ($4.00, $96MM/C): This is another game studio with some big backers and plenty of funding. This game is more mature than Echelon Prime and has a better token economy, but the quality of the game is not as good as Parallel TCG.

My most confident bets:

My largest and most confident position is an options trade I made a few months ago. The more I think about this bet, the more incredible it is that such a bet is possible and still exists. This article describes the strategy in detail.

The strategy is effectively a forward call option bet on a Canadian listed Bitcoin and Ethereum spot exchange traded fund (ETF). To illustrate, if an ETHH.B Jan 2026 call option was purchased, a $10,000 call option would be worth over $450,000 if Ethereum hits $20,000, and would only require Ethereum to hit $2,100 to recoup the cost. There is a modest upside, but the bet is still an incredible opportunity. There is no specific altcoin risk, the option is half the price of a MicroStrategy or Coinbase option, costs one-third of the equivalent CME futures, and has a shorter duration.

If you believe in a new bull run, this is a no-brainer.

in conclusion:

The bull run is coming. There will undoubtedly be pullbacks, crashes, spikes, and everything in between. These are the bets I am convinced of, but you may differ. Use this as a stepping stone to make your own firm bets and keep portfolio adjustments to a minimum. Between now and the fall of 2025, I firmly believe we are in for the most parabolic crypto bull run yet. Those of us who position ourselves now will reap life-changing returns.