Crouching tiger, hidden dragon
EVERY year, I love to bring to the attention of the cryptoverse the power of “investing”. I say that very loosely, in the wildly crazy fads that can transform the markets because they fit a theme or event.
Now, I’m not proposing you go all in and sell your house, your wife/husband/kids and your dog, but if you have a bit of disposable cash, who doesn’t like a bit of a flutter?
Now, Chinese New Year - Feb 10, 2024 - is just around the corner. So let’s unleash the dragon and find out why Investing in ‘DRAGON’ named cryptocurrencies in the Chinese Lunar Year of the Dragon could be a wise 'gamble'.
As of writing this article, CoinMarketCap has 87 Dragon Coins to choose from...
Last year we had rabbits - or 'BUNNIES' as they are affectionately known - and as the Chinese Year of the Dragon approaches, it's worth noting they surely brought in the profits! 50% as the image shows below.
https://x.com/LisaNEdwards/status/1615656147431874560?s=20
Back in 2021, the craziness hit the next level, as the OX was in charge… literally. It was a bullish moment of 275% PROFITS!!!! Not just in one coin but in anything with an OX in it or a bull symbol.
https://x.com/LisaNEdwards/status/1360374359567654914?s=20
https://x.com/LisaNEdwards/status/1360417795951915008?s=20
So here are a few cryptocurrencies I’m looking at for these same crazy opportunities to, well, make some extra dollars!
Let me get deep for a moment; the Asian culture as a whole is steeped in tradition and symbolism. 2024 brings in the WOOD DRAGON, this legendary creature is associated with strength, wisdom, and good fortune. Did someone say… GOOD FORTUNE?
These are my pick of the Crypto Dragons, worth an each-way bet.
https://coinmarketcap.com/currencies/dragoncoin/
https://coinmarketcap.com/currencies/bnb-dragon/
https://coinmarketcap.com/currencies/bitcoin-sv/
https://coinmarketcap.com/currencies/dragon-dawn/
https://www.coingecko.com/en/coins/silly-dragon
And, of course, don’t forget V2 of the ill-fated LUNA; it is the Lunar New Year, after all.
https://coinmarketcap.com/currencies/terra-luna-v2/
Like the dragon itself, the cryptocurrency market can be quite magical, especially for those with a passion for it. The Year of the Dragon is considered a period of good fortune, and let’s embrace cryptocurrencies for the concept of the good fortunes they can offer with decentralisation, removing the need for intermediaries like banks. This decentralised nature aligns with the financial freedom and empowerment sought by investors, bringing an element of good fortune to those participating in this transformative technology.
Riding the dragon's momentum
The symbolism of the dragon also conveys a sense of momentum and power, but combined with the cryptocurrency market, marked by its rapid evolution and adoption, exhibits a similar spirit. Investing during the Year of the Dragon is riding the momentum of a market poised for growth and expansion.
Be Like Lisa and embrace the spirit of this mythical creature through cryptocurrency. It may not look like it, but this is actually a strategic move, as you can see from profits in previous years. The strength, wisdom, and good fortune associated with the dragon are likely to find parallels in these digital assets to make you some profits.
So why not welcome 2024 with the fiery breath of the crypto dragon?
Recent ETF approvals serve as a beacon of expansion and heightened interest in a fledgling market. Yes if you are reading this, you are still early, and there is a LOT of opportunity in crypto still to come. Let the dragon’s fire breathe life into your portfolio as we ride this wild momentum. I wish you a year aligned with growth, prosperity, and the transformative power of decentralised innovation and digital currency, all in the spirit of the mythical dragon!
Lisa
More from Lisa N Edwards...
Cautionary Notes...
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
