3 Best Cryptos To Include in a Balanced Portfolio in 2024
Creating a balanced cryptocurrency portfolio involves diversification across different assets to manage risk. In 2024, investors may look at a blend of established coins and emerging tokens with potential. Here are the three best cryptos to consider including in your balanced portfolio.
1. Bitcoin (BTC) – As the original cryptocurrency, Bitcoin continues its reign as a fundamental holding in any crypto investment strategy. Its widespread adoption and recognition as a store of value somewhat akin to digital gold make it a cornerstone asset, despite its price volatility.
2. Ethereum (ETH) – Ethereum has firmly positioned itself as the leading smart contract platform with widespread developer engagement and ongoing network upgrades. The platform’s transition to proof-of-stake consensus via Ethereum 2.0 enhances its appeal by promising improved scalability, security, and sustainability.
3. Chainlink (LINK) – As a decentralized oracle network, Chainlink provides essential data feeds to smart contracts on various blockchains, enabling real-world information to interact with the decentralized ecosystem. Its integral role in facilitating complex smart contracts positions it as a valuable addition to an investor’s portfolio for those looking at technology with practical utility beyond simple transactions.
Investing in these three cryptocurrencies could provide a balance between proven stability and innovative technology within the ever-evolving crypto landscape. Remember to continuously assess and adjust your holdings based on new information and shifts in market dynamics.