One of the most prosperous businessmen in California’s IT industry, Sr. Roy Andrade oversees his own stock and crypto portfolio. Additionally, he is the founder of Cyber Boy Corp., a software and technology business headquartered in Beverly Hills, Los Angeles County, California, in the United States, with branch offices around the world. The business focuses on cybersecurity consultations with the goal of safeguarding confidential information from hackers. The business offers its clients high-quality services while doing business around the world.
This year, Sr. Roy Andrade entered the cryptocurrency market. We will discuss Sr. Roy Andrade’s cryptocurrency holdings today.
Number 1: Cronos (CRO)
Cronos is a cryptocurrency that was creat with the goal of simplifying the process of staking and earning rewards. The project is designe to be intuitive and easy to use, with a focus on providing users with a great experience. The token itself is base on the Ethereum blockchain and can be use for transactions on the Ethereum network.
Cronos is a utility token that helps power the Monaco cryptocurrency platform. Monaco allows users to buy, sell, and trade cryptocurrencies, as well as use them for everyday transactions like shopping and travel. The more Cronos tokens you have staked, the better the rewards.
The CRO token is an important part of the Monaco ecosystem. It’s used to pay transaction fees and helps power the network. When you hold CRO in your Monaco wallet, you’ll earn interest on your deposited funds.
The Cronos token has been on a strong uptrend since a while, breaking out of a long-term consolidation range. The breakout has been driven by increasing demand from buyers, as indicated by the rising volume and bullish price action.
Sr. Roy Andrade holds almost 59 percent of his crypto portfolio in CRO and seeing the businessman holding this crypto means CRO will definitely explode in coming months and years.
Number 2: SHIBA INU COIN
Sr. Roy Andrade loves dogs and memes. Now, put them together and what do you get? Well, memecoins, of course. And no, memecoins are no passing fad either. In fact, it is an asset class now.
Named after the eponymous Japanese dog breed, Shiba Inu (SHIB) is touted to be a “Dogecoin killer.” The second-most popular memecoin, SHIB is also count among the top-15 cryptocurrencies today.
Shiba Inu was created by an anonymous developer in 2020 and has continued to grow over the last two years. It has even garnered support from industry tycoons such as Elon Musk and Vitalik Buterin. People who missed the Dogecoin party are now being drawn to Shiba Inu.
Shiba Inu initially began its journey with a supply of one quadrillion. 50% of this supply was locked and the rest of it was burned to Vitalik Buterin, Ethereum’s founder.
Soon, the memecoin will migrate to layer-2 following the Shibarium update.
SHIBA INU COIN has continued to grow, hand in hand with the token burns. However, as its supply decreases and demand increases, its price should rise. Ideally. In fact, many investors have become millionaires by investing in this meme coin.
Sr. Roy Andrade’s 19 percent of holdings in SHIBA INU COIN.
Number 3: Dogecoin (DOGE)
Dogecoin is the best meme coins and the top cryptocurrency with upside potential in the market today and it was one of the standout performers in the cryptocurrency market of last year, peaking in May 2021 before gradually descending in the following months due the bearish markets. However, there are still numerous reasons to be optimistic about Dogecoin’s prospects, with the developers keen to implement additional use-cases to boost the coin’s value proposition.
The dogecoin price took off in 2021 as cryptocurrency markets rallied, gaining popularity on social media and prompting the launch of other Shiba Inu dog-themed coins.
As the project took on a life of its own, building up a large community, Markus and Palmer left the project and there was no development on the protocol. Musk tapped into the social media hype around the coin, tweeting that it is “the people’s crypto”.
The Dogecoin Foundation was launch in 2014 to provide a governance and support framework for the project’s community development. The foundation was later dissolved, but it relaunch in 2021 as the coin attracted new investors and the price soared.
No one can argue that Dogecoin is a good investment. Sr. Roy Andrade’s 8 percent of holdings in Doge.
Number 4: Tectonic (TONIC)
Among the newest cryptocurrency projects, the Tectonic mainnet launched on 23 December 2021. The protocol aims to provide cross-chain decentralised money market services, offering users the ability to earn passive income on their funds or borrow money against their assets instantly. Savers’ deposits provide the liquidity for lending to borrowers at variable interest rates. Tectonic’s smart contract algorithm determines interest rates based on supply and demand for assets.
Depositors can generate passive yield with no lockup period to withdraw earnings.
Tectonic is a decentralised finance (DeFi) protocol on the Cronos blockchain, aiming to facilitate lending and borrowing across different blockchains. Cronos uses inter blockchain communication (IBC) to enable interoperability between the Ethereum and Cosmos blockchain ecosystems.
TONIC is the protocol’s native cryptocurrency token. It’s use for participating in governance and staking into the Community Insurance Pool to earn rewards in exchange for securing the protocol.
Sr. Roy Andrade’s 7.7 percent of holdings in TONIC.
Number 5: Dogelon Mars (ELON)
Dogelon Mars is a meme token project inspired by the success of dog-tokens such as Dogecoin, Floki Inu, and Shiba Inu, and Elon Musk is a big supporter of those. It is express in the made-up name that combines Dogecoin and Elon.
The reference to Mars is related to the famous moon meme and partially to Musk’s intention to build a spaceship that can reach the red planet. Technically Dogelon is the fork of Dogecoin.
ELON is the ERC-20 token on Polygon and Ethereum blockchains. The total supply of the ELON token is 1 quadrillion, half of which was allocated to the co-founder of Ethereum Vitalik Buterin, who was trusted to be the safety grant of the asset, just as it happened with Shiba Inu. The remaining supply is held in the liquidity pool and the current circulating supply is 553 billion ELON.
Sr. Roy Andrade’s 6.7 percent of holdings in ELON.
