The crypto industry is poised for a strong bullish run in 2024, with analysts predicting new all-time highs for digital assets. Investors are actively searching for cryptocurrencies that offer the potential for significant returns. In a recent social media post, Emperor Osmo, a well-known crypto analyst, shared the best cryptocurrencies to invest in for 2024 across various market trends. These recommendations were based on CryptoKoryo Research’s analysis on the Dune Analytics platform, taking into account the sentiment of market participants.
To build the ultimate crypto portfolio for 2024, it is essential to select a mix of assets across different risk curves. The left curve primarily includes attention-grabbing cryptocurrencies that have experienced tremendous price surges due to investor hype. Some notable cryptos in this category are BONK, the first dog-themed coin on Solana, COQ, the first meme coin on Avalanche, CTXC, and PYR, the native token for Vulcan Forged, a blockchain game studio and NFT marketplace. According to CryptoKoryo, these five cryptocurrencies have seen an increase of 1,571% in the past three months. If the hype continues, there is a possibility of new all-time highs, particularly in the first quarter.
The mid-curve portfolio assets are less volatile and include layer-1 tokens, AI tokens, DeFi tokens, and layer-2 tokens. This category encompasses cryptocurrencies like AVAX, BCB, STEAK, GNX, ILV, KUJI, METIS, MPL, ORAI, PYR, and SOL. These assets have experienced moderate price surges throughout 2023, with a combined increase of 260% in the past three months.
On the other hand, the right curve consists of stable assets with a higher potential for steady price growth in 2024. Cryptocurrencies in this category have established a track record over the years, and many analysts expect continued growth. Some prominent cryptocurrencies in the right curve are INST, JOE, LINK, METIS, ORAI, SKL, and SOL, which have delivered a combined performance of 253% in the past three months.
It is important to note that cryptocurrencies on the left and middle curves are more volatile and carry a higher risk of dumping. However, if they gain traction, they also have the potential for massive returns. On the other hand, cryptocurrencies on the right curve are considered more stable and have a proven track record, making them a safer investment option.
The crypto industry is poised for a bullish run in 2024, and investors are actively seeking the best cryptocurrencies to invest in. Building a diversified portfolio is crucial, with assets spread across the risk curves. Attention-grabbing cryptocurrencies on the left curve offer the potential for huge returns but come with higher volatility. The middle curve comprises less volatile assets, while the right curve consists of stable assets with proven long-term growth potential. It is essential for investors to conduct their own research and assess their risk appetite before making investment decisions in the crypto market.