2 years ago
Veteran trader Scott Melker breaks down his crypto portfolio and explains wherefore layer-1 protocols should play a cardinal relation successful everyone’s concern strategy.
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Scott Melker, seasoned trader and pocaster, is convinced that large layer-1 protocols should beryllium portion of everyone’s concern portfolio. Instead of picking idiosyncratic crypto projects, specified arsenic NFTs oregon blockchain games, Melker thinks it makes much consciousness to stake connected the blockchain infrastructure connected which these projects are built.
“Any of these tiny projects could perfectly spell nuts. But you're going to person occupation choosing what they are. You should conscionable ain the layer-1 and the infrastructure that they're each built on”, helium said successful an exclusive interrogation with Cointelegraph.
“You whitethorn not ain a Bored Ape, but Ethereum holders person surely benefited from the occurrence of Bored Apes!”, helium pointed out.
Talking astir his portfolio construction, Melker revealed that astir 65% of his assets are presently successful crypto. Besides Bitcoin, which makes up the bulk of his semipermanent holdings, Melker is highly bullish connected Ethereum.
“Nothing is going to termination Ethereum. I judge Ethereum is present to stay. I judge it's an highly important plus and 1 that everybody should person vulnerability to”, helium said.
Melker believes that the upcoming Merge, which should implicit Ethereum’s modulation to proof-of-stake, volition beryllium a monolithic boost for the asset’s price.
“This is simply a massively bullish lawsuit for Ethereum. (...) I deliberation it volition beryllium a amended chain, much usable aft this happens”, helium said. “We volition yet spot Ethereum astatine $20K, $30, $40K".
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