A widely followed crypto analyst says he’s looking to snap up several altcoins, including two prominent Ethereum (ETH) competitors, when the time is right.
In a new video update, Guy Turner, the host of Coin Bureau, says that he plans to add ETH rivals Cardano (ADA), Polkadot (DOT) and Avalanche (AVAX), as well as interoperable blockchain ecosystem Cosmos (ATOM) and privacy-focused protocol Monero (XMR) when the best opportunity presents itself.
However, the analyst says that now is not the best time to be investing in altcoins.
“Obviously, you guys want to know what altcoins I’m going to be buying and that is an answer that could take hours and hours because there are so many that I’m looking at. I also hold things like DOT and ATOM. I would almost certainly be looking to allocate more to some of them because I think they’re great projects.
I will be generally looking to just broaden the portfolio as well, so…I might broaden my layer-1 exposure so I think I can see myself allocating to something like ADA.
I might buy back into Avalanche at some point. I sold out of AVAX a while back. I’ve just never quite timed my move into AVAX quite well enough so maybe this time I’ll get it right…
There are so many. I’ve said before that I’d be interested in getting into Monero. I like Monero… There are lots and lots of different alts that I’m going to be looking at, and I’ll share some of those nearer the time. I don’t think it’s the time to be buying alts at the moment.”
The crypto strategist also says that he plans on picking up more ETH and Bitcoin (BTC) as well if their prices drop.
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