It is very important to have a good and solid portfolio in the cryptocurrency market. However, it is difficult to establish. That’s why cryptocurrency expert Camille Lemmens offers a top-notch option for a top-notch portfolio. The expert states that their picks are low risk and solid returns.
First, we add the leading cryptocurrency Bitcoin to the basket.
Bitcoin is the OG of all cryptocurrencies. A serious competitor for any portfolio. However, Bitcoin will not make you rich by x100 overnight. However, it’s a solid coin with the potential to do x4 or x5 in the next bull run. For example, on Thursday, June 15, it was publicly announced that BlackRock has registered a Bitcoin ETF. This will allow many companies to purchase a fully regulated financial instrument representing Bitcoin.
JUST IN – $10 trillion BlackRock officially files for spot #Bitcoin ETF pic.twitter.com/RgXxzlzTOY
— Bitcoin Magazine (@BitcoinMagazine) June 15, 2023
BTC’s current price of $25,540 is a good entry point. That’s still a 15% increase over a year ago. Its market cap is $495 billion. 19.4 million of the maximum supply of 21 million are already in circulation. Even if the price drops, there is no reason to panic. Do not sell your cryptocurrencies at a loss. Bitcoin has proven time and time again that it will bounce back. But these jumps can take time. The next bull run could happen around the next Bitcoin halving. cryptocoin.com As you follow, this halving will take place in April 2024. The image below shows a graph of the Bitcoin halving.
Source: BinanceIn second place is Cardano (ADA)
Cardano, the invention of Charles Hoskinson He was part of the original Ethereum team. This is a Proof-of-Stake Blockchain. Hoskinson began its development in 2015. What makes it unique is that it is the first Blockchain built on peer-to-peer review.
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🎟 https://t.co/hxbvm0F7n0#blockchain @blockchainox pic.twitter.com/IrpMqIZvV9— Cardano Foundation (@Cardano_CF) June 16, 2023
It has a wide variety of uses. For example, healthcare, government, agriculture or finance. However, it wasn’t until early 2023 that Cardano introduced smart contracts. It has slow but also solid and stable builders. This has resulted in regular criticism of Hoskinson and Blockchain.
However, it ranks 8th by market cap. The current ADA price is $0.2620. This represents a 49% decrease compared to last year. Its market cap is $9.18 billion. A maximum of 45 billion and 35 billion of the total ADA token supply are in circulation. ADA is a great cryptocurrency for any portfolio.
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— Cardano Foundation (@Cardano_CF) June 9, 2023
Polygon (MATIC) should also be thrown into the cryptocurrency basket.
Polygon seems to have taken it all in this year. They have continued to forge strong partnerships throughout this year. There was hardly a week when Polygon wasn’t in the spotlight. As a result, Polygon got a lot of coverage on our YouTube channel.
Polygon Miden is a ZK rollup with configurable privacy and concurrency.
Designing for these features contained the seed of another problem: State bloat would inevitably limit network performance.
Read how Miden solves for the endemic blockchain problem: https://t.co/ssv4PUBkpk pic.twitter.com/9zl3h1YVEK
— Polygon (@0xPolygon) June 2, 2023
A layer 2 solution built on top of Ethereum. Unlike Ethereum, it offers fast and low-cost transactions. For this, it uses, among others, zk technology. Also, they are releasing version 2.0 on June 19. It already has an extensive ecosystem including, for example:
- NFTs
- DeFi
- bridges
- Oracles and much more.
MATIC price is currently $0.5893. It ranks 13th when ranked by market cap. Its market value is $5.47 billion. 9.2 billion of the 10 billion maximum tokens are already in circulation. It has increased by 40.8% over the last year. Another good addition to any portfolio.
We don’t forget Polkadot (DOT) in the basket
Another great addition to any portfolio is Polkadot (DOT). He also has an Ethereum background with Gavin Wood. He is the founder of Polkadot and co-founder of Ethereum. The white paper came to light in 2017. However, their main-net was not launched until 2020.
1/ 🎉 Polkadot OpenGov, the pinnacle of governance systems in Web3, has officially arrived! Welcome to the new era of fully autonomous, transparent, & efficient decision-making where the entire process is handed over to the DOT community. 🌐 pic.twitter.com/zli6Vln7Dt
— Polkadot (@Polkadot) June 15, 2023
Polkadot has a relay-chain. To explain, this Blockchain deals with security, consensus and interoperability. There are also para-chains. These are independent blockchains connected to the relay-chain. That is, you can rent para-chain for up to 96 weeks after winning an offer. There is also the option to renew the para-chain lease.
.@Beatport on Polkadot:
✅ Bringing electronic music culture to the ecosystem (in partnership with @AventusNetwork)
✅ Producing 10 major events alongside some of the key music and Web3 events
✅ Launching Beatport x Polkadot NFT collectionsDiscover more at @PolkadotDecoded👇 https://t.co/Dl9pBXhSh4
— Polkadot (@Polkadot) June 13, 2023
The current DOT price is $4.38. It ranks 14th by market value. Market cap of $5.4 billion. There is an unlimited maximum supply of DOT tokens. However, the total supply is 1.4 billion DOT. Of these, 1.2 billion DOTs are already in circulation.
Avalanche (AVAX), the last cryptocurrency to add to the basket
Avalanche (AVAX) is the latest addition to the top 5 coins for your portfolio. It also fixes the shortcomings of Ethereum. Avalanche provides scalability and fast transactions at low cost. It is possible to process 4,500 TPS or transactions per second. You get the point when you compare this to the 7-15 TPS Ethereum currently offers.
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— Avalanche 🔺 (@avax) May 24, 2023
Avalanche is also a Proof-of-Stake Blockchain. Today’s portfolio contains only Bitcoin, which is not a variation of PoS. As a competitor to Ethereum, Avalanche has stiff competition. There are many so-called Ethereum killers out there.
“That’s about 450 million transactions in the last year” 🤯
At Summit, @DreamerDFK demonstrated how building on an #Avalanche Subnet was absolutely essential for the transaction volume required of a Web3 RPG like @DeFiKingdoms.
Watch the talk here: https://t.co/NamhO4AbK6 pic.twitter.com/31zPiql2Vd
— Avalanche 🔺 (@avax) June 15, 2023
Still, AVAX ranks 19th when measured by market cap. The current AVAX price is $11.43 with a market cap of $3.9 billion. It has a maximum supply of 720 million AVAX. The total supply is 431 million tokens. 344 million tokens are currently in circulation.
The opinions and recommendations in the article belong to the experts and are not investment advice. Therefore, we recommend that you do your own research before investing.
