How Would I Invest $1,000 in Crypto in 2023?

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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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