Sam’s Crypto HODL List – May 2021

Following on from my article about 5 Crypto Coins That Could Have a Great 2021, I’ve had a lot of questions lately about what cryptos I like at the moment. So here is the shortlist, and the reasons why I like them.

Disclaimer: Before you continue reading, please note that I am not a financial advisor, nor do not recommend you buy any of these cryptos mentioned below. I also change my positions constantly and may or may not be holding these coins. This is just a list of those coins which I like at the moment and providing some commentary for educational purposes only to help people learn about these exciting projects. For the latest coin prices see the cryptos page.

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Bitcoin

BTC / Rank #1 / Price A$51,000

BTC is the first cryptocurrency and the godfather driving the market. Over the years, I’ve learned that it is foolish not to have some BTC in the portfolio, because it tends to act independently to the other cryptocurrencies. What percentage of BTC of the total portfolio is totally up to you, something around 50% is not unusual to see.

With its inelastic supply and growing demand, it’s hard not to see continued upside as it averages around 200% per year over the past 10 years. We’re also seeing lots of institutional money flowing into BTC as big companies add BTC to their balance sheets as a “hedge” and “store of value”.

I would also say that there is also speculation that BTC may eventually replace the US Dollar and become unit of account for the worldwide economy. Could we be comparing the price of goods in Satoshi’s in future years to come?

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Ethereum

ETH / Rank #2 / Price A$3,800

While Bitcoin is seen as a “store of value”, Ethereum is powering the new crypto economy. Bitcoin currently has scaling and environmental issues while Ethereum is quickly evolving to address those issues.

As a computer programmer myself, as soon as I heard “Ethereum is programmable money”, my eyes opened wide and I saw the potential of cryptocurrencies for the future of the economy.

Ethereum has some very promising use cases especially with Decentralised Finance (DeFi), Non-fungible Tokens (NFTs), and Decentralised Exchanges (DEXs).

Compared to Bitcoin’s 200% average return per year, Ethereum has averaged 400% per year so far and is on target to outperform BTC once again this year.

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Binance Coin

BNB / Rank #3 / Price A$550

Binance has evolved into a worldwide cryptocurrency exchange juggernaut since it started in 2017. At the moment, it is the easiest and best place to do your crypto trading. Before it came along, other platforms were terrible and hard to use with high fees.

They are also starting to expand their services into other markets such as DeFi with Binance Smart Chain, crypto loans, and crypto debit cards coming to Australia later this year.

It’s crazy to think that BNB was only $2 back in 2018 and now it is over $600. I can only see upside for Binance as their ecosystem expands rapidly as they buy up big companies such as CoinMarketCap and are set to Acquire 20-30 Crypto Startups Yearly.

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Chiliz Coin

CHZ / Rank #59 / Price A$0.48

Chilliz launched in 2020 to power the new sports fan token economy. These tokens act like a royalty program for fans and also can provide other benefits such as voting, connecting fans directly with clubs and players.

Since launching, CHZ has already increased over 7,000% in price and I can only see more upside for the project. My research into this coin revealed that there are currently no major competitors in the space. Their business model also looks quite clever, as they list new tokens (like in the case of UFC) on pre-sale, then the coin is actually added once the partnership is officially approved.

As clubs see the potential to raise funds through this new revenue stream, they will launch their tokens and form partnerships with Chilliz and Socios as a way to not only raise funds but engage with their fans. We’ve already seen big football clubs join such as Manchester City, Barcelona, Juventus and other sports such as UFC and Formula 1.

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Chainlink

LINK / Rank #13 / Price A$47

Chainlink is a project that connects real-world data with blockchain data. As a computer programmer, I can see the power of this technology and the need for timely, accurate, and trusted data.

Moving forward I can see a huge demand to sync the real world and the virtual world. This could be something simple like a weather forecast, or more complicated like tokenized partial ownership of real estate.

Together with this and its exceptionally regarded oracles that manage the security and integrity of the network it can only be a very strong “middleman” for the further advancements of blockchain and decentralized finance.

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Basic Attention Token

BAT / Rank #72 / Price A$1.26

Basic Attention Token is a decentralized platform built on Ethereum. It rewards you for your attention, if you see an ad, you get paid in BAT through the Brave Browser.

The utility of rewarding people for their attention is quite a powerful concept, especially if you are shown the ads your interested in.

The project is currently advancing by developing a DEX (decentralized exchange) which should add tremendous value to the project’s already 3 million monthly users.

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Theta

THETA / Rank #20 / Price A$11

Theta is one of the leading projects that is providing decentraliszed bandwidth through peer-to-peer networking. Other features of Theta include Decentralised Video Streaming, Staking, Theta TFUEL, Guardian Nodes, CDNs, Voting, and more.

As more adoption comes to cryptocurrencies and blockchain, one would assume we will need more bandwidth to support scaling worldwide. Theta software was also included in the new Samsung Galaxy S20 smartphones to assist with video streaming and rewarding watchers with TFUEL tokens.

The hypothesis is that as crypto usage grows, then Theta adoption should grow with it.

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Cardano

ADA / Rank #6 / Price A$2.26

Cardano is a decentralized blockchain platform, similar to Ethereum. It’s already a proof-of-stake platform which is more environmentally friendly and has implemented further unique scaling technology.

The project has recently impressed with their global inprovement initiatives such as Bringing Sustainable Internet Connectivity to users in Africa and 5 Million Students In Ethiopia Set To Get National Identity Solution. This might suggest it has a bright future in improving the world with the use of blockchain technology.

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Qtum

QTUM / Rank #66 / Price A$20

The QTUM project is a decentralized platform and blockchain similar to Ethereum. Its purpose is not to compete with Bitcoin and Ethereum, but to bridge the gap between them helping scale transactions at low cost.

The project is heavily committed to DeFi and supporting DeFi projects offering $1 million dollars in rewards to developers who build applications using the Qtum blockchain.

Personally, I think Decentralised Finance (DeFi) is going to be a huge disrupt to how we currently do finance worldwide. Frameworks like Ethereum and Qtum, which support DeFi projects can only have an upside in the future as they contribute to the rise of DeFi.

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Ripple (XRP)

XRP / Rank #7 / Price A$1.84

Ripple (XRP) is a cryptocurrency platform and blockchain similar to Ethereum. The project is attempting to become the facilitator for global payments between financial institutions.

XRP has had both good and bad press over the years. Initially, the sentiment was very bullish due to the rumors that banks may use it for liquidity and large global transactions. However, since then, it has been involved in lawsuits lessening its appeal.

Recently they announced plans for Ripple To Go Public After Lawsuit Settlement which has shed some light that there may be some potential for a comeback in sentiment. After running crypto news for the past few years I’ve seen that the 2 most popular coins in Australia are DOGE and XRP.

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Dogecoin

DOGE / Rank #5 / Price A$0.53

Dogecoin (DOGE) started as a joke when a developer cloned Bitcoin’s code and stuck a dog meme as the logo, back in 2013. Since then it has gained tremendous popularity and it seems you can’t go a single day without seeing that cheeky dog face.

I generally don’t invest in “jokecoins”, also referred to as “shitcoins” that have little to no utility. However, DOGE is an exception, due to its strong social appeal. Its “meme value” is so high within the crypto community and this provides free marketing for the coin.

Back in 2017, I underestimated the power of social media when DOGE was only $0.00023, and this year it almost reached $1 earlier this year – that’s over 400,000% gain in just 3-4 years.

As the crypto market grows and more people join in the frenzy, DOGE could be the one they buy as a speculation. However, I think it will only end badly for those people buying DOGE at all-time high prices, when the market turns, the shitcoins could drop to nothing, only the quality projects will survive long term.

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Conclusions

It’s crazy how back in 2016 the prices were so low compared to now. I wonder if we will be shocked again in another 4-5 years from now…

If you’re interested in buying any of these coins then head over to one of our trusted Partners: CoinJar, Swyftx, or Binance to get started. You can compare the exchanges here.