Trader Eugene: Simply Buying and Holding ETH for Three Months Is Easier Than Chasing Trending Tokens On-Chain
BlockBeats News, July 29 — Trader Eugene Ng Ah Sio shared his outlook on the market trends for the coming months: "In my view, there will be very few tokens that can outperform BTC and ETH on a risk-adjusted basis in the near future. Of course, there may be some unexpected meme coins that experience explosive growth, but betting on these in advance is a high-difficulty game. With the market now at relatively high levels, I am more inclined to hold mainstream tokens and reduce high-risk speculative trades. Compared to chasing the next trending token on-chain and getting caught in major volatility, simply buying ETH, holding it for three months without moving, and then selling for a 50% gain is much easier."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale applies to convert Sui Trust into an ETF, plans to list and trade on NYSE Arca
BitMine purchases another 22,676 ETH, worth approximately $68.67 million
Bitmine purchases 22,676 Ethereum worth $68.67 million
RootData: BB will unlock tokens worth approximately $3.03 million in one week
