As I reflected on the past month, I couldn't help but notice the positive outcomes of some strategic moves I made. I'm excited to share the underlying strategies with you, hoping they inspire and benefit you too.
About a month ago, I re-entered the market and started with the acquisition of Bodoggo NFT for 1.2 Solana, which has since appreciated to 13 Solana
I want to clarify that my intention is not to boast about these plays but rather to share the reasoning behind them, with the hope that you can leverage similar approaches. Subsequently, I invested in $BONK, witnessing an impressive 120% increase, and explored the Nuddies collection (.1 to .5 Sol). I also transitioned my $BONK holdings into $WIF, which has seen a 45% uptick and is still in my portfolio.
Expressing the rationale behind these decisions can be challenging, as it often involves a mix of intuition and self-trust. For instance, with Bodoggos, my initial attraction wasn't solely to the art but to the exceptional team and their mission. Believing in what they're doing is, in my opinion, the most valuable aspect of any investment.
Let me simplify my buying logic at the time of purchase:
Bodoggos: Supporting a team and mission aligned with a significant web3 platform.
Nuddies: Active X account, low-risk investment with incredible art.
$BONK: Strong online support, positive momentum, not yet listed on Coinbase, and endorsed by the Solana Foundation.
$WIF: Anticipated BONK reaching a local top, active X account with high engagement, a growing holder base, and potential to become the #2 meme coin on SOL.
Regarding my current positions:
Bodoggos: A long-term hold, not a quick flip.
Nuddies: Considering an exit within the next week.
$WIF: Awaiting significant news on exchange listings.
What's on the horizon?
I am currently holding these positions and actively seeking exit opportunities. I'll keep you updated on my next moves as they unfold right here in this newsletter. The opportunities are often right in front of us.
Stay tuned for more updates; I'll be sharing my insights and plays in this newsletter. You can also connect with me on Twitter/X for more.