5 Best Cryptos to Include in a Balanced Portfolio in 2024
As investors shift back into risk-on assets in anticipation of rates cuts by the Federal Reserve, mainstream investors are increasingly looking for the best cryptos to buy 2024 as part of a balanced portfolio strategy.
Market sentiment has shifted positive on risk-on assets like crypto following dovish tone from the Federal Reserve according to Fidelity reports.
This comes hot on the heels of a reversal from the Securities and Exchange Commission (SEC) which recently approved spot Bitcoin ETFs following months of anticipation – a sign of growing acceptance of cryptocurrencies in traditional finance circles.
Best Cryptos 2024 For a Balanced Portfolio Approach
For retail investors with a moderate risk-tolerance a balanced portfolio approach offers the best risk profile when seeking exposure to crypto assets, let’s dig into the 5 best cryptos 2024 for a balanced portfolio.
#5 – Ordi (ORDI) – 10% Recommended Allocation
Kick-starting our list with a slightly higher risk profile than following investments is Ordi token (ORDI) which broke-out onto crypto markets in 2023 as the first every BRC-20 inscription token.
Still prominent as the largest BRC-20 token by market cap ($1.57bn at the time of writing), ORDI is used as a decentralized naming system for the Bitcoin network.
ORDI is poised to unlock dramatic growth alongside Bitcoin’s anticipated skyrocket post-halving in 2024 – with the potential to outperform BTC due to a lower market cap position.
#4 – Polygon (MATIC) – 10% Recommended Allocation
Coming in at second our list for a balanced portfolio is Ethereum scaling token Polygon (MATIC), which is poised to unlock strong growth due to its competitive low gas fee and high-speed infrastructure that provides developers and traders an alluring alternative to ERC-20’s high transaction fees.
Investors are anticipating a promised shift from MATIC tokens to POL tokens as part of what has become known as ‘Polygon 2.0‘ which will see the network shift from a standard proof-of-stake blockchain to a model featured interconnected ZK-powered L2 chains that can on aggregate expand Ethereum blockspace.
#3 – Solana (SOL) – 10% Recommended Allocation
Another Etheruem alternative gaining significant traction is Solana (SOL) – which is amongst the top ranked layer-1 solutions and has in recent weeks unlocked significant growth due to a rise in gas fees across the ERC-20 network.
Subsequently burgeoning as the third most active chain in the space, Solana’s native SOL token has emerged as an unmistakably strong hold for the year ahead after posting +255% price gains over the past 3-months.
#2 – Ethereum (ETH) – 25% Recommended Allocation
Coming in with a larger recommended allocation than the previous higher risk plays, Ethereum (ETH) lands in second place of the best crypto to buy 2024. As the second largest cryptocurrency, and the most commonly used smart contract blockchain – Ether represents a more reliable bet than previous cryptocurrencies – with ETH anticipated to undertake significant growth in 2024.
Following a successful transition to proof-of-stake last year, Ethereum is now awaiting a decisive move from the SEC on a potential spot Ethereum ETF, which could trigger major value accrual from institutional investors over the course of 2024.
#1 – Bitcoin (BTC) – 45% Recommended Allocation
Taking the cake at the top of our list of best crypto to buy 2024 is Bitcoin (BTC), the largest cryptocurrency, which is braced for a major year of gains following the SEC’s approval of spot Bitcoin ETFs.
With the door now open to a steady flow of institutional money over the course of 2024, further hopes of a bullrun are fuelled by the next Bitcoin halving event which will take place in late April – cutting miner’s block rewards in half.
The duality of new institutional customers increasing demand for Bitcoin, whilst supply of new Bitcoin is being cut in half is anticipated to create a supply shock on the market, especially against a background of larger interest in risk-on assets following dovish tone from the Federal Reserve.
Extra Best Crypto to Buy in 2024: Meme Kombat (MK) – High Risk Play
Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.
So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?
The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.
Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.
The Weekly Kombatant will be live in Discord on Wednesday
Come chat games, the P2E space and more importantly the future of Meme Kombathttps://t.co/9ZfngSSGUb pic.twitter.com/MWsbAGlNRC
— Meme Kombat (@Meme_Kombat) January 15, 2024
Season 1 of the project promises 11 unique meme characters, ensuring plenty of action. Season 2 is already planned for December 2023. The project’s decentralized nature, along with the excitement of AI-driven battles, guarantees outcomes that are transparent yet unpredictable.
Meme Kombat Pits Meme Communities in High Octane Staking Battles
The project goes beyond excitement; it’s founded on trust. Meme Kombat’s dedication to transparency shows in their upcoming smart contract security audit.
The findings of this audit will soon be public, a move that many projects shy away from.
The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.
His role as COO of North Technologies, and two decades in process design add credibility to Meme Kombat. Whiteman’s public profile and the Amsterdam address give extra trust in an era of project anonymity.
Embrace the future of meme-based gaming and betting with Meme Kombat.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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