Part 8/11:
Bit Boy Crypto made headlines again with a diverse portfolio consisting of Render, Theta, Pyth, Conflux, and Radics, launched in December 2023. The portfolio initially outperformed, peaking at over a 2.5x growth in USD.
However, performance swiftly deteriorated, leading to a decline of 53% in USD and an alarming 77% in BTC. The strategy, intended to highlight breakout narratives, could not sustain long-term momentum, ultimately embodying the risks associated with speculative investments.
Virtual Bacon: Diversified Yet Disappointing
Virtual Bacon's portfolio, released in December 2023, expanded to 25 positions, seeking to encompass a wide range of emerging narratives. However, despite this diversification, the majority underperformed.