Jonathan Fiorenza, a well-known crypto analyst, shared his views on the best altcoins to invest in an altcoin season. According to Jonathan, cryptocurrencies can be divided into high-risk or medium-risk groups, and market participants can choose accordingly to create a winning portfolio. We have prepared the analyst’s choices and price targets according to portfolios for our readers.
Analyst’s portfolio of medium-risk altcoins
cryptocoin.comAs you follow, the market has not yet determined its direction. Creating a portfolio in this foggy environment also requires expertise. To assist, the analyst recommends the following altcoins for medium risk portfolios.
- Cardano (ADA): Fiorenza sees weekly exit and forecasts 100%-140% growth in Cardano. The analyst’s target price for ADA is $0.80.
- Avalanche (AVAX): Fiorenza also believes AVAX is in bottoming territory and a possible small growth of 50% can be expected. Accordingly, he sets the target price for the altcoin at $35.
- Polygon (MATIC): Analyst thinks MATIC is a little high and recommends buying it near $1.
High risk altcoin portfolio
The risk-return ratio is usually linear. That’s why the analyst creates a high-risk portfolio for those who want to earn higher returns. In this context, he proposes to add the following altcoins to the basket:
- Phantom (FTM): A good entry point for the Phantom is 40-45 cents with a target price of $1.10-1.30, according to Fiorenza. This corresponds to a fairly high rate of return of 3X.
- Solana (SOL): Analyst says Solana is very close to breakout and sees a target price of $55-65. SOL is currently trading at around $21. This means that the analyst predicts a 2.5X rally.
- THORChain (RUNE): Fiorenza claims THORChain is an excellent long-term investment and forecasts 200% growth with a target price of $3.50.
An excellent buying strategy for crypto
Jonathan Fiorenza’s advice is to categorize the tokens to create a list for each portfolio and know where to find them. It also suggests not to buy any cryptocurrencies that don’t reach their buy zone, categorize them and get the perfect one in the area. The analyst emphasizes the importance of a good portfolio and that when a token rises 100% in one day, it should be sold rather than bought back.
It is important to note that investing in altcoins carries a high degree of risk and requires a thorough understanding of the market. As Jonathan points out, doing independent research and avoiding investing beyond one’s financial capabilities are critical aspects of any investment.
The selections and recommendations in the article belong to the expert and are definitely not investment advice.
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