The crypto industry is poised for a strong bullish run in 2024, with experts predicting that assets will reach new all-time highs. As a result, investors are eager to identify cryptocurrencies that offer the potential for substantial returns. Recently, a crypto analyst known as Emperor Osmo shared a list of the best cryptocurrencies to invest in for 2024 across various trends and market niches. This list was compiled based on an analysis conducted by CryptoKoryo Research on the Dune Analytics platform. The analyst’s recommendations were categorized into different risk curves, taking into account the sentiment of market participants.
Building a Well-rounded Crypto Portfolio for 2024
Creating the ultimate crypto portfolio for 2024 requires a careful selection of assets across different risk curves. Some established blue chip cryptos offer stability and steady gains, while higher-risk assets have the potential for significant returns. The left curve includes attention-grabbing cryptocurrencies such as BONK, the first dog-themed coin on Solana, COQ, the first meme coin on Avalanche, CTXC, and PYR, the native token for Vulcan Forged, a blockchain game studio and NFT marketplace. These cryptos experienced remarkable price surges in the last quarter of the previous year, largely driven by hype among investors. According to CryptoKoryo, these five cryptocurrencies saw a 1,571% increase in value over the past three months. If the hype continues in 2024, we could witness new all-time highs, especially in the first quarter.
To make it in 2024, it is crucial to include the following cryptocurrencies in your portfolio:
– $BONK
– $COQ
– $CTXC
– $PYR
The Middle Curve: $AVAX, $BCB, $STEAK, $GNX, $ILV, $KUJI, $METIS, $MPL, $ORAI, $PYR, $SOL
The mid-curve portfolio assets are characterized by less volatility and include layer-1 tokens, AI tokens, DeFi tokens, and layer-2 tokens. The eleven highlighted cryptocurrencies are AVAX, BCB, STEAK, GNX, ILV, KUJI, METIS, MPL, ORAI, PYR, and SOL. These tokens experienced moderate price surges throughout 2023, with a collective increase of 260% in the past three months, based on CryptoKoryo’s analysis.
The Right Curve: $INST, $JOE, $LINK, $METIS, $ORAI, $SKL, $SOL
The right curve focuses on stable assets with a higher potential for steady price growth in 2024. The recommended cryptocurrencies are INST, JOE, LINK, METIS, ORAI, SKL, and SOL. These assets demonstrated a combined performance of 253% in the past three months, suggesting their reliability and potential for continued growth.
While the recommendations on the left and middle curves are highly volatile and carry a greater risk of a downturn, the cryptocurrencies on the right curve have a proven track record, with many analysts projecting continued price growth in 2024. It is important to strike a balance between risk and potential reward when constructing a crypto portfolio.
Final Thoughts
As the crypto industry prepares for a bullish run in 2024, investors must carefully consider their portfolio composition. The recommendations listed above offer insights into the best cryptocurrencies to invest in across different risk curves. However, it is essential to conduct thorough research and exercise caution when making investment decisions. Crypto investments come with inherent risks, and individuals should only invest what they can afford to lose. This article serves as an educational resource and does not constitute financial advice.