With the markets still significantly down from the ATH, many are wondering which cryptocurrencies offer the best return potential in the weeks and months ahead.
As always, there are a range of options to choose from when it comes to portfolio allocation, and some options are better than others.
Blue chips such as Bitcoin and Ethereum haven’t fared as well recently, but there are plenty of coins and tokens in the space that are doing much better, especially those that haven’t yet started their log growth charts. .
Top winners today
Over the past 24 hours, Luna Classic (LUC) has risen most impressively, currently up nearly 50% for the day.
LUNC has been doing very well lately. After all the Terra ecosystem collapsed when it became very clear that it was unsustainable.
Since the crash, the token has lost more than 99.9% in value thanks to the loss of confidence in the algorithmic stablecoin UST.
However, since blockchains are difficult to destroy entirely and the community has not completely dissipated into nothingness, the price is still trading and there has been significant effort to rebuild the community.
The implementation of a burn on transactions, with the support of Binance (where most LUNCs are traded), has been extremely beneficial for the remains of the project. Speculators were extremely pleased with the
Another top performer today was Helium, rising on news that it was ditching its native blockchain in favor of switching to Solana.
The move to Solana has been hailed as an extremely important step for Helium and will allow the project to expand significantly, especially if they can open their hotspots to a wider market by integrating with Solana’s upcoming smartphone.
Curve’s CRV is also doing well today, having appreciated more than 9% in the past 24 hours. Curve Finance is the dominant place to earn yield in DeFi, especially for those who want to earn yield without the risk of impermanent loss.
Many speculated on which opportunities would hold the most promise, and whether NFTs, DeFi, oracles, or yield were the best ways to capitalize on future market growth.
Crypto investors who wish to speculate at the less risky end of the spectrum may be interested in Bitcoin alone, while those who wish to invite greater volatility into their portfolios may be more inclined to participate in Turing’s full ecosystems, either by buying the native coins ( ETH, AVAX, MATIC, BNB) or the tokens that are built on them.
The NFT market, despite the steep decline in previous months, also offers huge opportunities for people in the future, whether it’s speculating on art and communities or creating their own.
In the case of the aforementioned major gainers over the past 24 hours, LUNC is an extremely volatile and highly volatile asset that has been reduced in value to almost nothing thanks to faulty fundamentals, CRV is an asset with relatively high inflation (it can be better to earn CRV by providing liquidity rather than buying it) and HNT can be mined quite easily.