TLDR: Investing in Celestia for airdrops, Manta Network for short-term gains, Prisma for staking benefits, and two gaming coins, Legends of Alumia and Cre, for their potential hype and market growth.
This article is a summary of a You Tube video “5 Crypto I’m Buying In 2024” by Lark Davis
Key Takeaways:
- Celestia (Tia): The speaker is interested in Tia primarily for farming airdrops. Tia stakers receive various airdrops, and the speaker has invested in 100 Tia with the hope that any one of these airdrops could be profitable.
- Strategy for Celestia: The plan is to hold Tia until the airdrop benefits cease or the market appears overvalued. This investment is not a major part of the portfolio but is focused on potential airdrop gains.
- Manta Network: The speaker received an airdrop from Manta Network but chose to invest further, attracted by its ‘shiny new thing’ status and potential for a quick profit. Manta Network is leveraging narratives like native yield and integration with Celestia’s services.
- Prisma Finance: Initially a venture round investor in Prisma, the speaker has increased their investment by selling Curve Finance holdings. The interest in Prisma stems from its low market cap and potential under-valuation, despite acknowledging the risks.
- Prisma Finance Strategy: The speaker is staking Prisma on Convex Finance for high yields, intending to sell later in the market cycle when the value is anticipated to increase.
- Legends of Alumia: Despite initial doubts about its viability, the speaker invested in this Solana-based game, encouraged by its survival through the bear market and backing from notable names. The investment is based on gaming narratives and the potential hype around its launch.
- Selling Strategy for Gaming Coins: The speaker plans to potentially sell Legends of Alumia during the gameplay launch hype or general gaming season, depending on market conditions.
- Cre (Kingdom of Fire): This gaming coin, associated with an ambitious gaming studio and plans for a metaverse, caught the speaker’s interest. The investment is based on the game’s potential and the team’s experience.
- Selling Strategy for Cre: The speaker anticipates selling Cre at a valuation in the multi-hundred million dollar range, depending on its ability to deliver on its ambitious goals.
- Overall Investment Philosophy: The speaker emphasizes the risks in cryptocurrency investments, indicating readiness to accept total loss in high-risk coins. The strategy involves diversifying across different coins and selling based on market trends and coin performance.
