Welcome back,
It's been a month since I have shared anything on hive. I was focused on so many things while I was away from hive and of one of the things I have done is researching on new projects and investing in them as well. I have increased my positions in some projects as well.
In this blog I will share which are the projects from which I have reduced or exited the entire position, and which are the ones in which I have increased my positions. Before I continue further I must say this that I am not your financial adviser and so you should do your own research before taking any decision.
I will basically be talking about FET.
The first project from which I have reduced my position is FET ( Fetch.ai), the reason is that I made some good profit in a short period of time. I am going to share the chart for FET token below and then talk about it further.
My average buying price was $0.55 in FET and I bought it in the month of January itself. I was lucky to sell the majority of them near it's all time high. I sold them at $3.32 , $2.8 and $2.7 but majority were sold at $3.32 and that is why I am satisfied.
FET price data according to Gecko.
It means that I made 5X on my investment in less than 3 months of time and so I am with 25% holdings and 75% were sold which was then invested in new projects. So if now the new project goes 2-3X I will actually make 1500% on my initial investment.
I have bought STX and Manta and these two projects are the projects which are really with some good potential. While STX is layer 2 for bitcoin Manta is a modular blockchain working on ZK protocol and that is why I have picked these two for investment.
Similarly I sold Near, Filecoin and the reason for Near token was the same. I made some good profit in it and so I invested that profit in new projects. For Filecoin I exited as it was not performing that well but still I sold it in profit only.
Thank you and Happy trading Everyone