Today I am going to show you my list of 5 altcoins in which I would invest $1000 at the moment.
Why and which crypto coins are these? Let’s find out.
1) Arbitrum ($ARB) – $250
Arbitrum is a Layer 2 scaling solution. It is designed to enhance the speed, efficiency, and overall performance of Ethereum.
Exciting news! @Bybit_Official will be supporting native and bridged USDC on Arbitrum! 💙🧡 https://t.co/C1u48wfoc9
— Arbitrum (💙,🧡) (@arbitrum) July 6, 2023
Its main goal is to group tens of thousands of transactions into a single batch. This way, it relieves Ethereum’s congestion. The ARB token is at the heart of the Arbitrum network. ARB is used for staking and governance.
Arbitrum’s airdrop was one of the standout moments in crypto this year. It rewarded early users with tokens. About 12.75% of the total token supply, equal to 1.275 billion tokens, was allocated for this airdrop.
Arbitrum recently secured the 2 No. 4 position in terms of total value locked (TVL). And that’s impressive. TVL is a metric for gauging blockchain activity. Arbitrum currently has a TVL of $2.162 billion, surpassing its Layer 2 rivals. These numbers show that Arbitrum isn’t just mere hype. Let’s talk about its numbers:
- Tokenomics Price: $1.13.
- Market Cap: $1,43 billion.
- Circulating Supply: 1,275,000,000.
- Total & Max Supply: 10,000,000,000.
Exciting to see @playmightyhero joining the @Treasure_DAO & Arbitrum ecosystem, with their open beta starting on July 14th!💙🧡
More details 🧵👇 https://t.co/ejitmZ1Aro
— Arbitrum (💙,🧡) (@arbitrum) July 10, 2023
Your Investment Strategy
Arbitrum has significant potential since it focuses on addressing Ethereum’s scalability challenges. Demand for Arbtrum will no doubt surge as the Ethereum ecosystem expands.
So, if we were to allocate a $1000 portfolio, we would invest about 25% of the funds in $ARB. However, you must consider your investment goals and risk tolerance.
2) Aleph Zero ($AZERO) – $200
Aleph Zero has established itself as an enterprise-oriented and privacy-focused layer-1 public blockchain. Its major goal is to address the speed, scalability, validation time, and security concerns of existing blockchains.
Last week we welcomed the official release of @Ledger app built by @_zondax_ and could see @AZERO.ID flourish with over 1,000 testnet domains already minted.
We’re looking forward to releasing the Mainnet 11.1 and are doing the final touches before the public AMM DEX can be… pic.twitter.com/Hck2MYdHUl
— Aleph Zero (@Aleph__Zero) July 4, 2023
So, Aleph Zero is a promising alternative to current layer-1 blockchains. Its standout feature is its exceptional transaction throughput. This positions it as an ideal enterprise-grade blockchain. It supports private transactions and smart contracts. $AZERO is the native coin of the Aleph Zero blockchain. Here are the numbers:
- Tokenomics Price: 0.879760.
- Market Cap: $205.6 million.
- Circulating Supply: 233,974,328.
- Total Supply: 336,066,559.
- Max Supply: Infinite.
Investment strategy
Aleph Zero is destined to grow in popularity. This is due to its distinct blockchain technology designed for enterprise applications. And planned updates and improvements. As a result, putting money into $AZERO could pay out in the long run.
We’re proud to announce that Aleph Zero can now be used on @Ledger!
Users can already download the Aleph Zero app from the App Catalog and use it with supported software wallets.
More info 👇https://t.co/nbjNNKk4pS pic.twitter.com/NvJNkDeclL
— Aleph Zero (@Aleph__Zero) June 29, 2023
We might think about allocating about 20% of a $1,000 fund for $AZERO investments. However, consider your risk appetite before making any move.
3) Morpheus Network ($MNW) – $200
Morpheus Network is a supply chain middleware platform. It effectively integrates legacy and emerging technologies. Morpheus seeks to simplify logistics processes. It assembles experts on security, blockchain, global trade, and artificial intelligence. It addresses the shortcomings observed by the World Economic Forum.
Unlock the full potential of your supply chain with Arbitrum! Explore how this Ethereum Layer 2 solution is enhancing traceability, automating processes, and preventing counterfeiting.
Dive into the details: https://t.co/nmiSWHMREQ#SupplyChain #Arbitrum #Blockchain #ARB #MNW pic.twitter.com/bj4mxvizZj
— Morpheus.Network (@MNWSupplyChain) July 6, 2023
The $MNW token powers the entire Morpheus Network. It serves as a value-based utility. It also functions as a form of currency and a means of paying transaction fees. Here are the numbers:
- Tokenomics Price: $1.15.
- Market Cap: $43.1 million.
- Circulating Supply: 37,5 million.
- Total & Max Supply: 47,897,218.
🚀 Embrace digital transformation in your supply chain! Find out how Polygon’s integration with #MNW streamlines operations, promotes trust, and optimizes compliance document tracing.
Read more: https://t.co/OD1RCAoKXp#DigitalTransformation #SupplyChain #Blockchain #Polygon pic.twitter.com/DgfE7gf0u2
— Morpheus.Network (@MNWSupplyChain) June 30, 2023
Investment strategy
The Morpheus Network has real-world value. It helps businesses and government agencies automate, and optimize their supply chain operations. This means that Investing in $MNW has the potential to be profitable in the long run. So, we would think about putting 20% of the $1,000 portfolio in $MNW.
4) Injective ($INJ) – $250
The Injective Protocol introduces a fully decentralized layer-2 exchange platform for trading derivatives. Some of its core features include:
- A decentralized order book.
- A trade execution coordinator.
Over 40 Million $INJ is now staked on the PoS Injective network!
This marks the highest staking ratio in the history of Injective 🚀 pic.twitter.com/46LXVY2Exe
— Injective 🥷 (@Injective_) July 7, 2023
This way, it ensures a transparent and front-running-free trading experience. So, the $INJ token is the native token of the Injective Protocol. It plays different roles in the protocol, such as protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives, and staking.
The $INJ token follows a highly deflationary model. So, every week, the project uses a buyback and burn mechanism to auction off 60% of the fees generated by dApps on Injective. This approach reduces the supply of $INJ over time. Here are the numbers:
- Tokenomics Price: $8.28.
- Market Cap: $663.1 million.
- Circulating Supply: 80,005,555.
- Total & Max Supply: 100,000,000.
Investment strategy
The Injective Protocol’s features appeal to both individual and institutional investors. Also, the network is well-positioned for broad adoption by traditional trading firms. This is due to the availability of trading derivatives. Additionally, the current version of the Injective Protocol has the power to completely transform the decentralized derivatives trading industry.
🌊Welcome to Hydro Protocol🌊
While you are surfing 🏄♂️ CT, let us introduce ourselves:
A simple 🧵 on us:
Hydro Protocol is a native #LSD + #LSDFi protocol on @Injective_ ! If you’ve been living under a rock, @binance has an excellent research report on LSDs attached below 👇 https://t.co/l8VP1GI2Iw pic.twitter.com/WncZXrH8zJ
— Hydro Protocol (@finance_hydro) July 11, 2023
The Injective Protocol is different from most of the current DEXs. It aims to reduce front-running while boosting liquidity and order execution. We, therefore, anticipate more adoption in the future.
We would consider investing 25% of the $1,000 portfolio into $INJ. After all, holding some $INJ in the portfolio can serve as a fail-safe because it is a bit of an established cryptocurrency.
4) Goldfinch ($GFI) – 100$
Goldfinch is a decentralized lending protocol operating on Ethereum. It caters to the needs of borrowers in emerging markets. It also offers uncollateralized lending. And connects borrowers with investors who provide capital in exchange for a portion of the borrower’s future cash flows.
Real world assets and credit are now being digitized and integrated into DeFi protocols, transforming traditional finance as we know it
The power of pooled funds is creating unprecedented array of borrowing opportunities.@maplefinance @goldfinch_fi https://t.co/umB8HvYdfJ
— Adam Blumberg (@Interaxis8) June 8, 2023
Goldfinch has real potential. And it could likely explode in a bull market. $GFI, the native token of Goldfinch. It serves as a governance token. Users can also stake $GFI to earn rewards.
So, Goldfinch attempts to democratize and streamline DeFi lending. It focuses on supporting the business sector and has a creative lending strategy. So it has good potential to grow in the DeFi market.
How are #blockchain lending solutions solving many African entrepreneurs lack of access to funding? 🤔
Find out in our latest publication titled @goldfinch_fi blockchain lending – Closing the entrepreneurial finance gap 👇🏾https://t.co/QiC1oi7iPU
— Bankless Africa (@Bankless_Africa) May 29, 2023
We would consider putting about 10% of the $1,000 portfolio into $GFI. A major investment in $GFI bears some risk. It is a relatively new coin. So, you have to factor in recent regulatory challenges. However, it is a low-cap gem due to its intriguing use case and tokenomics.
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