Today, let’s consider the idea of investing in four altcoins. Each of the presented options has a fairly high capitalization.
And volatile technical model and are real active projects. The assets are also traded on large centralized exchanges. So why invest in altcoins. And not to buy Bitcoin or ETH? There are quite a lot of reasons, let’s highlight the main ones:
- Moving away from the classic concept of buying market leaders;
- Achieving more meaningful financial results due to volatile asset models;
- Portfolio diversification;
- Striving to “beat the market” in terms of returns;
- Some altcoins are near historical lows, which increases the calculated mathematical expectation of the transaction.
All of the above points lead to one goal – to increase portfolio returns by acquiring volatile assets.
30th place by market capitalization. Up to 40% of the crypto portfolio. In 2023, the price approached the $2.3 multi-year lows twice. Each test of the level resulted in creation of trend source – market maker’s position to buy. The source consolidation level is $4.3 and is equal to current prices. From a technical point of view, this is a great time to buy the asset.
After the breakdown of the $9 level, the price will move into the global growth phase with the aim of reaching the locked volume (market maker’s position to sell) – $24. And then to the range of $35 – $41.5, where it is necessary to close the position.
Thus, the trade would look as follows:
- Buying at current prices ($4.4)
- Take Profit (TP) $35 – $41.5
- Stop Loss (SL) $2.2
- Expectation up to x10
38th place by capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
This technical combination is the basis for the formation of a position in the asset with the main goal of reaching the locked volume of $0.076. Based on which, we can plan the trade as follows:
- Buying at current prices ($0.0186)
- TP $0.076
- SL $0.013
- Expectation x4
52nd place in Crypto Market Capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
The technical picture of the asset differs from the previous ones. Mainly by the fact that the source of the trend is just forming in the market. And as a consequence, it is possible to form a position at the beginning of a growing cycle.
It is possible to enter the deal both at current prices ($0.744). And in case of decrease to the level of $0.69. It is also possible to consider a combined option – to enter the deal at current prices. And on the part of the capital allocated for this asset, and after the decrease to gain on the rest. Thus, it will be possible to utilize all allocated funds for this asset. And form a position with a low average purchase price.
After exceeding the level of $0.832, the source will be considered fixed. And the asset will move into the growth phase with the targets of $1.36, $2.75, $5.
The trade will be as follows:
- Buy at current prices
- Extra at the decrease to $0.69
- TP $1.36, $2.75, $5
- SL $0.48
- Expectation up to x6.7
93rd place in capitalization. This is one of the altcoins that is suggested to buy up to 20% of a cryptocurrency portfolio.
At the moment, a trend source is being created. At this stage, a position with a low average purchase price can be formed.
- Purchases at current $31
- Additional at the decrease to $28.6.
- TP: $68, $126, $215
- SL: $20
Crypto-Upvotes does not provide investment advice. This material is for information purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
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