Altcoin Buzz analyst Mike Woriji shared 5 projects he is currently buying in his latest portfolio update. Analysts featured Ethereum last month in an article titled “Opportunity to become a millionaire.”
According to Altcoin Buzz, “5 altcoin projects currently worth $1000 investment”
Mike Woriji from the Altcoin Buzz team allocates $ 250 for his first place Arbitrum (ARB). Arbitrum is a Tier-2 scaling solution. It is designed to increase the speed, efficiency and overall performance of Ethereum. The main goal of the project is to group tens of thousands of transactions into a single group. This way it unblocks Ethereum. ARB is at the center of the Arbitrum network. Used for staking and management.
Arbitrum’s airdrop in March was one of the highlights in crypto this year. Rewarded early users with ARB. Approximately 12.75% of the total token supply, which equates to 1.275 billion ARBs, has been allocated for this airdrop.
Also, Arbitrum recently took the #2-4 spot for total locked value (TVL). It currently has a TVL of $2,162 billion, outpacing its Tier 2 rivals. These numbers show that Arbitrum is not just an exaggeration.
investment strategy
Analyst Woriji says the following about what kind of investment strategy we should follow in ARB:
Arbitrum has significant potential as it focuses on addressing Ethereum’s scalability challenges. Demand for Arbtrum will undoubtedly increase as the Ethereum ecosystem expands. So if we were to allocate a $1,000 portfolio, we would invest about 25% of the funds in the ARB. However, you should consider your investment goals and risk tolerance.
Aleph Zero (AZERO) – $200
$200 has been allocated to AZERO. Aleph Zero has established itself as an enterprise and privacy-focused Layer-1 Blockchain. Its main goal is to address the speed, scalability, verification time and security concerns of existing Blockchains.
Aleph Zero is a promising alternative in the current Tier-1 industry. Its standout feature is its outstanding trading volume. This positions it as an ideal enterprise-grade blockchain. It supports custom transactions and smart contracts. AZERO is the native cryptocurrency of Aleph Zero.
AZERO investment strategy
According to the analyst, the popularity of Aleph Zero is promising. This is because of different Blockchain technology designed for enterprise applications. As a result, investing in AZERO can pay off in the long run. As an investment strategy, the analyst says:
We might consider setting aside about 20% of a $1,000 fund for AZERO investments. However, consider your risk appetite before making any moves.
Morpheus Network (MNW) – $200
Morpheus Network is a supply chain middleware platform. It effectively integrates legacy and emerging technologies. Meanwhile, it tries to simplify logistics processes. It brings together experts especially in security, Blockchain, global trade and artificial intelligence. It addresses the shortcomings observed by the World Economic Forum.
MNW powers the entire Morpheus network. It serves as a value-based utility. It also functions as a currency and a means of paying transaction fees.
About the analyst Morpheus Network (MNW) as an investment strategy, he says:
Morpheus 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. Therefore, we would consider putting 20% of the $1,000 portfolio in MNW dollars.
Injective (INJ) – $250
Injective Protocol provides a fully decentralized Layer-2 platform for trading derivatives. Some of its key features are:
- A decentralized order book.
- A trade execution coordinator.
In this way, it provides a transparent and front-end trading experience. Hence, INJ is the native cryptocurrency of Injective Protocol. Protocol management plays different roles in the protocol, such as dApp value capture, Proof-of-Stake (PoS) security, developer incentives, and staking.
Also, INJ follows a highly deflationary pattern. That’s why the project uses a buyback and burn mechanism to auction 60% of the fees generated by dApps on Injective every week. This approach reduces the INJ supply over time.
investment strategy
As an investment strategy, the analyst has this to say about Injective (INJ):
The features of Injective Protocol appeal to both individual and institutional investors. Also, the network is well positioned for widespread adoption by traditional trading firms. This is due to the availability of commercial derivatives. Additionally, the current version of Injective Protocol has the power to completely transform the decentralized derivatives trading industry.
Injective is different from most existing DEXs. It aims to reduce front running while increasing liquidity and order execution. Therefore, the analyst expects greater adoption in the future. He allocates 25% of the $1,000 portfolio for the altcoin.
Goldfinch (GFI) – $100
Goldfinch is a decentralized lending protocol running on Ethereum. It meets the needs of borrowers in emerging markets. It also offers unsecured loans. However, it connects borrowers with investors who provide capital in return for some of their future cash flows.
According to the analyst, Goldfinch has real potential. It could possibly explode in a bull market. GFI is Goldfinch’s native cryptocurrency. It serves as a management token. Users can also stake GFI to earn rewards.
This is why the altcoin is trying to democratize and facilitate 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 industry.
Here’s what analyst Goldfinch (GFI) has to say about investment strategy:
We would consider investing approximately 10% of the $1,000 portfolio in GFI. A large investment in GFI carries some risk. It is a relatively new cryptocurrency. Therefore, you must take into account recent regulatory challenges. However, it is a low value gem due to its intriguing use case and tokens.
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