5 Best Altcoins to Consider for Your Investment Portfolio
If you’re looking to invest in altcoins, there are several options worth considering. Bitcoin and other tokens have experienced notable gains in trading across Asia recently, driven by SEC developments in the United States. Bitcoin has increased slightly over 1%, reclaiming the $27,000 price level, while Ethereum has registered a modest gain of half a percent to maintain a value above $1,550. Altcoins have also exhibited favorable trading performance.
1. Maker (MKR)
Maker has seen a significant increase in value over the last 30 days, with an 18.6% rise. Its live price is currently at $1,440.21, and it has experienced a 1.89% uptick in the last 24 hours. Maker is the governance token for the MakerDAO and the Maker Protocol, which enable users to issue and manage the DAI stablecoin. It aims to improve operational efficiency and resilience through its strategic “Endgame” plan.
2. Loom Network (LOOM)
Loom Network has garnered attention from investors due to a surge in trading volume. It has experienced a price increase of over 1000% in the past 30 days, propelled by its partnership with Atlassian. LOOM’s market capitalization has risen from below $50 million to over $400 million.
3. Cronos (CRO)
Cronos is the native cryptocurrency of Cronos Chain developed by Crypto.com. It is currently trading at $0.0528 with a bullish momentum and potential for higher price levels.
4. Bitcoin Minetrix
Bitcoin Minetrix offers a cloud mining platform that allows users to stake BTCMTX tokens in exchange for cloud mining credits. The project has gained traction, with over 400,000 BTCMTX tokens currently locked in staking.
5. Band Protocol (BAND)
Band Protocol is a cross-chain data oracle platform that connects real-world data with blockchain applications. It allows for incorporating external data sources into smart contracts, expanding the capabilities of decentralized applications.
Hot Take: Investing in Altcoins for a Bullish Run
With the potential approval of Bitcoin’s spot ETF applications by the SEC, there is a sense of cautious optimism within the cryptocurrency market. This has led investors to seek out the best altcoins to purchase. Maker, Loom Network, Cronos, Bitcoin Minetrix, and Band Protocol are all poised for a bullish run based on recent developments and trading performance. Consider adding these altcoins to your investment portfolio as they show promise for future growth.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
