ALGO Accumulation & the Importance of Exit Strategies
Learn strategies to accumulate ALGO to position yourself to be a big winner during the next bull run.
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Algorand and its native token, ALGO, are both poised to be one of the next blue-chip blockchains and digital assets.
But I’ve seen many govs get caught up in the hype of other projects (ASAs and NFTs) and lose money because they overinvested in them at the expense of underinvesting in ALGO.
In fact, this is one of the biggest mistakes Algorand investors can make.
Getting caught up in the hype around other assets that could potentially moon while forgetting that ALGO is Algorand’s most likely asset to moon.
After making this mistake a couple of times this year, I realized an Algorand portfolio should always be ALGO top-heavy, and our goal as investors should be to accumulate as much ALGO as possible before the next bull run.
Don’t get me wrong – this doesn’t mean you shouldn’t invest in other projects in the ecosystem.
Sometimes NFTS and ASAs can appreciate in value faster than ALGO, and there are benefits to jumping on a train that’s moving faster. However, you should avoid going all in on any one project while working to preserve and grow your ALGO.
In today’s newsletter, we’ll review the many different strategies to accumulate ALGO, the risks associated with them, and how to best deploy them.
But before we dive into the different ways to accumulate ALGO, let’s review exit strategies because they’re the key to everything you’re about to learn.
Let me explain why.