Portfolio diversification is the best investment strategy for crypto investors. If you’re looking to follow this route, there are four balanced altcoins you should check out now. Experts believe they are top crypto coins with huge prospects. Hence, they’ll likely yield good returns. We look into them below.
Galaxy Fox is a new meme coin set to launch on major centralized and decentralized exchanges soon. The ERC-20 coin is in its 7th presale stage; its high potential puts it in investors’ consciousness. $GFOX is enjoying massive adoption on presale, with about $3 million raised within a short time. The meme coin targets $7-10 million by the end of its ICO, and it’s looking increasingly possible.
Galaxy Fox isn’t a conventional meme coin. It is a hybrid token with P2E functionality. The meme coin will rival the likes of $SAND and $GALA while hoping to outshine $DOGE, $SHIB, $BONK, and others. $GFOX aims to be a prominent cryptocurrency, and its features will make that possible. There will be about 5 billion initial $GFOX total supply. However, the number will reduce gradually due to the token’s deflationary nature. This will make $GFOX more scarce, increase its value, and protect it from volatility.
$GFOX will be the governance token in its ecosystem. Hence, it will be used for all activities and transactions. The token will allow participation in platform staking, purchase of digital items to boost gameplay and reward for top game players. $GFOX’s great outlook has increased its popularity among top investors. This has made its presale progress well. The presale is still on, and it’s the perfect opportunity to gain from the altcoin’s profitability. Savvy investors are part of the presale already, with hopes that it can improve portfolio yield.
$SOL finished the previous year all blazing. It took the momentum into the current year but suffered a decline after weeks of impressive stride. The top altcoin briefly toppled $BNB as the fourth most valuable cryptocurrency by market cap. However, it’s back to its initial fifth position with close to $42 billion market cap.
While $SOL has dropped from its $100+ price level, analysts insist it will end the quarter on a three-figure market price. The cryptocurrency shows signs of this, with a surge from $95.35 to $97.96 within the last hours. $SOL will likely break into $100+ again in the coming days. It’s one of the top crypto coins with a large market cap billed to yield returns. Hence, it’s perfect for a balanced portfolio.
The expectation is for $ETH to break into the $3000+ price level, defend it, and surge toward its all-time high. Many analysts believe this is possible as the top altcoin had a similar run last year. However, investors heavily invested in this may have to wait a while.
Ether has been going through a cycle of reversal and retracement in its bid to enter $3000. The topmost altcoin by market cap rose to $2,700 a few days ago but could not hold on in the price zone. It dropped drastically to $2,200+ but has since reversed that action. Ether is currently hovering between $2,500 – $2,600. Its exact market price at the time of writing is $2,540, but its momentum isn’t strongly bullish.
Despite being the third-most exchange cryptocurrency by trading volume currently, the daily volume keeps decreasing compared to the previous days. Although, analysts believe it indicates market caution and observation rather than something more negative. Ether is tipped to impress before Q1 ends, and it looks poised to do so.
$BAL is a cryptocurrency with a micro-cap of about $230+ million. It is the native currency of the self-balancing liquidity protocol, Balancer. Balancer functions as an AMM, has a price sensor and provides users a profit-earning opportunity through liquidity provision. $BAL facilitates the process and performs other functionalities in the protocol. The altcoin has maintained a $3.70 – $4.70 market price within the last 30 days, showing low volatility. $BAL eyes a $10 price value, and analysts believe it could achieve it before Q2 ends. The altcoin presently trades around $4.20+.
Balanced portfolios are likely to yield better returns for investors. The combination of these top crypto coins in your portfolio may bring yield. $GFOX is expected to yield the highest profit margin. The altcoin is still in its early development stage and has a high tendency to boom in its next phase. This makes the current phase a good entry opportunity.
Position yourself for profit, join the presale:
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