YBG Long Term Strategy

Portfolio Change❗: Why we allocated to SUI in our portfolio

$SUI is again looking interesting and is looking to hit support on the trendline it has been building on the SUI/$BTC chart, as can be seen on the attached image. Because of this we have shifted a part of our portfolio to SUI to capitalize on this trend line. We expect this popular altcoin to also outperform $ETH as long as SUI is keeping this trendline intact. 🚀

Together with strong technicals we also believe in the fundamentals of SUI. The network is developing quick adoption and is growing to be one of the most used altcoin networks in the blockchain space. As an example, SUI already has over 730.000 daily active users on the network

🤯. That is more than Ethereum, excluding layer-2 networks on ETH. 

Due to this massive adoption we can see SUI entering the top 10 list of biggest cryptocurrencies as it is outperforming many altcoins on key metrics such as network usage. These are key drivers for pushing the price towards new all time highs.  

SUI looking extremely interesting🚀

The SUI / BTC chart is look very interesting. SUI is in a strong upward trend in relation to BTC and is testing key support line at the moment. If a rebound happens we can expect a strong rally in both BTC and dollar terms, possibly leading to a new all time high📈.

The strong chart of SUI against BTC builds an interesting case to invest in SUI as both its fundamentals and technicals show it is likely to outperform BTC and ETH as long as the bull cycle is holding up. Therefore, in the coming weeks we are looking to make a portfolio redistribution from ETH towards SUI.

Solana conviction is high!

➡️Extreme bullish bounce on the SOL / USD graph

Our Solana conviction is very strong at the moment💪. Both fundamentals and technicals are holding very well at the moment. After the SOL price rallied to new highs of $263 we have seen a strong correction leading to sub $180 prices.

On the attached image it is clear that the Solana price is holding strong support on the upward trend bull rally trend line, indicating a rebounce and an new rally upward. We see the possibility of a new retest, around the $180 - $185 price range before rallying back above the $200 and higher. 🚀

Also fundamentals are holding strong. This On-chain data analysis shows how SOL is outperforming Ethereum over the past years regarding the amount of new addresses on the network. What is especially exciting is how new address registration has accelerated over the past months for SOL. Currently we see 30 million new users per month on Solana compared to 3 million on Ethereum. 🤯

Because of this, we keep a strong conviction in Solana. We are also bullish on other large caps, including ETH, for the coming months because of market rotation from Bitcoin. Lets see how this SOL rally is going to turn out! 🫡

Solana rally inbound?

Solana (SOL) price action has been disappointing in the past week. After reaching a new all time high at $263, the price has fallen to a current value of around $181. However, we believe the SOL price is getting close to key support levels, as displayed by the attached imaged.

Currently the SOL / ETH chart is at a support level of 0,055 ETH (for each #SOL coin). We also see an important support level at the SOL / BTC chart, if the #Solana price is able to hold the 0,055 ETH level as support we expect a significant rally towards the 0,06 level before challenging the high of around 0,08 #ETH.

Conclusion: Solana will likely return to outperforming #BTC and ETH in the short term📈

Why have we migrated our position from BTC to ETH?

In the past weeks we have migrated our Bitcoin position to ETH and other altcoins. The reason for this is based on crypto market cycle theory. Historic data shows how BTC leads the market before experiencing altcoin growth and eventually a full blown altcoin season.

An important indicator for navigating where we are in the cycle is the ETH / BTC graph. At the moment ETH is at historic low valuations in relation to BTC. At the moment it is retesting for a second time the 0.032 - 0.034 BTC range (as can be seen in the attached image), which is a strong indicator that a Ethereum rally will take place in the next couple of weeks. 🚀

This rally will mean that ETH will outperform BTC in the coming months, which will further pushdown the Bitcoin dominance. As a result our BTC position is fully transitioned to top large cap altcoins.