The cryptocurrency industry is now primed for a strong bull run in 2024, with most analysts predicting the assets will hit new all-time highs. As a result, investors are always on the lookout in hopes of taking advantage of cryptocurrencies that offer potential for substantial returns.
A recent social media post by a crypto analyst known by the pseudonym Emperor Osmo listed the best cryptocurrencies to advance in 2024 across various trends and market niches.
Expert Shares the definitive guide to the cryptocurrency portfolio
The analyst's crypto recommendations for the year were based on an analysis conducted by CryptoKoryo Research on the Dune Analytics platform. Each recommendation was placed on an investment risk curve based on the sentiment of the general population of market participants.
Creating the ultimate cryptocurrency portfolio for 2024 requires selecting a mix of assets across all risk curves. Some more established blue-chip cryptocurrencies provide stability and consistent profits, while riskier assets have the potential to generate huge profits.
The recommendations on the left curve consisted mainly of attention-grabbing cryptocurrencies. cryptocurrencies included BONKthe first dog-themed coin in Solana, COQ, the first same corner in AvalancheCTXC and PYR, the native token for Forged Vulcana blockchain gaming studio and nft marketplace.
These cryptocurrencies saw staggering price increases in the last quarter of the year and mostly thrived on hype among investors. According to CryptoKoryo, the five cryptocurrencies increased by 1,571% in the last three months. If the hype continues into 2024, we could see them hit new highs, particularly in the first quarter.
Here is your portfolio guide to achieve it in 2024.
**Left curve**
– $BONK
– $COQ
– $CTXC
– $PYR**Medium curve**
– $AVAX
– $BCB
– $ STEAK
– $GNX
– $ILV
– $GO
– $METIS
– $MPL
– $ CLIMATE
– $PYR
– $SOL**Right curve**
– $INST
– $JOE
– $LINK
– $METIS
– $ CLIMATE
– $SKL
– $SOL… pic.twitter.com/6ZsyjT4EuE— Emperor Osmo (@Flowslikeosmo) January 1, 2024
Total market cap at $1.7 trillion | Source: crypto Total Market Cap on Tradingview.com
On the other hand, the mid-curve portfolio assets included Layer 1 tokens, ai tokens, DeFi tokens, and less volatile Layer 2 tokens. The 11 featured cryptocurrencies were AVAX, BCB, STEAK, GNX, ILV, KUJI, METIS, MPL, ORAI, PYR and SUNeach of which saw a moderate price increase throughout 2023. According to CryptoKoryo, the five cryptocurrencies recorded a 260% increase in the last three months.
Lastly, the right curve consisted of very stable assets with higher potential for stable price growth in 2024. The featured cryptocurrencies were INST, JOE, LINK, METIS, ORAI, SKL and SOL with a combined return of 253% in the last three months. .
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-567701 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/01/crypto-guide.jpeg?w=460&resize=460%2C190″ alt=”crypto guide” width=”460″ height=”190″ srcset=”https://www.newsbtc.com/wp-content/uploads/2024/01/crypto-guide.jpeg?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/01/crypto-guide.jpeg?w=460&resize=460%2C190 460w” sizes=”(max-width: 460px) 100vw, 460px” data-recalc-dims=”1″/>
Source: X
While left and middle curve recommendations are very volatile and have a higher chance of dumping, right curve cryptocurrencies have built a proven track record over the years, and many analysts continuous price growth project throughout 2024.
On the other hand, cryptocurrencies in the middle curve are a little more volatile but still relatively safe as far as cryptocurrencies go, while those in the left curve have the highest risk of volatility but could generate massive returns if they take off.
Featured image of StormGain, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent NewsBTC's views on whether to buy, sell or hold investments, and investing naturally carries risks. It is recommended that you conduct your own research before making any investment decisions. Use the information provided on this website at your own risk.
