Big news!
We are taking huge profits in one of our Frontier Fortunes crypto positions.
GenesysGo Shadow Token is up more than 344% and I want us to lock in partial gains.
As I write this, Shadow Token—symbol SHDW—is trading at $1.50. So you should be able to lock in a price between $1.35 and $1.50.
You will want to trade on the Jupiter decentralized exchange at Jup.ag.
You will connect your Phantom Wallet and then sell SHDW for USDC, the U.S. dollar-based stablecoin that follows the dollar 1:1.
We’re going to allow the other half to keep growing as the new bull market in crypto gains steam. My expectation is that Shadow tokens will top $2 and approach $2.50. For now, though, take profits that exceed our original investment, and allow the rest to keep on keeping on.
We’ve owned Shadow token for about 17 months, so I’m going to say that a 300% gain in such a relatively short period is a big win.
Granted, it was a helluva ride to get here.
At one point, during the worst of the crypto bear market, Shadow was down about 90%. But as I routinely counseled during those dark days, patience was going to pay off in a big way.
GenesysGo has been building a very real product that benefits the Solana ecosystem, and the team was not going away because of some temporary adversity in the crypto financial markets. The company had plenty of cash to see it through “crypto winter” and to keep building, which is exactly what it did.
Now we’re seeing the fruits of our patience pay off with a remarkable 300% winner—a winner primed to go even higher.
Crypto patience is the right play
Elsewhere in our portfolio, we’re still down in several of our crypto positions, but again I strongly urge patience.
We’re in the early stages of a new bull market that I fundamentally believe will be epic in the wealth it creates for crypto investors.
We were up more than 100% on Solana last week, before a questionably accurate report emerged from some random analyst claiming the Securities and Exchange Commission would very likely not approve a bitcoin exchange-traded fund anytime soon. Some were calling it the “Rug Pull of the Decade,” referencing the crypto term “rug pull” to denote when you’ve been suckered into believing a bullish investment thesis only to have the rug pulled out from under you.
The market’s paper-hand investors freaked out and fled, and Solana, along with most other major crypto, fell sharply. For Solana, that was from the $120s back into the $80s (it’s back into the $100s now, just days later).
The initial selling was a bad decision based on terribly flawed analysis.
As I tweeted to my Twitter (X) followers late last week:
Those propagating [that] message… and those selling in reaction to that, are gullible sheep. Think about this reality: the SEC has taken loads of fire from politicians and the courts and the crypto industry for its bad-faith actions. Imagine if the SEC is in fact orchestrating the Rug Pull of the Decade. [SEC Chairman] Gensler would be castrated politically and the SEC would lose all credibility. The political backlash would be overwhelming and the agency would be neutered for effectively lying to the public and the industry. So, to think the SEC is driving toward a rug pull on the BTC ETF [is] the heights of gullibility and false narrative.
My message: gobble up assets while they’re in this mild and temporary funk. The negative narrative is entirely and [unquestionably] wrong. It’s simply illogical given [the] state affairs with the SEC.
I am supremely confident that our crypto positions are going to see higher highs. Much higher highs.
Along with Solana’s gain, Render Token is up about 80%. Chainlink is up more than 60%.
The rest are moving up quickly and they, too, will be in the black soon enough. So, again, just practice patience.
As our positions rise, I will very likely be back to you with additional alerts like this one, recommending that you sell half your position while allowing the other half—house money—to generate profits for us as the bull market unfolds.
Action to take: Sell half your position at a price of at least $1.35 for a 300% gain on our original entry price of $0.3376.
Jeff D. Opdyke
Editor, Frontier Fortunes
