Every investor worth their salt would understand the significance of having a diverse cryptocurrency portfolio. While it is natural for investors to invest in Bitcoin or Ethereum when they start, they must diversify their portfolio in the long run and invest in newly launched or lesser-known altcoins. Although there would be an element of risk involved in such decisions, what good is an investment if there’s no risk in it? So here is a list of 5 best cryptocurrencies for advanced investors like yourselves, who have already invested in Bitcoin and Ethereum and are now looking to diversify their portfolio.
Monero is a privacy-driven coin that uses privacy logics and fancy cryptography to conceal the participant’s identity. It is mainly due to this reason that it is being used on the dark web and has become the most popular privacy coin in recent times. Monero has high liquidity and always assumes the top rank in Coinmarketcap. Regardless of how much you want to trade, the market would always have someone to entertain your requests. Its user base and market cap have ensured the stability in its price. Despite its popularity and liquidity, securing Monero is more challenging than Bitcoin and Ethereum. That is precisely why it is considered one of the best cryptocurrencies for advanced investors.
NEO is a smart contract platform, much like Ethereum, which is why it is also called China-based Ethereum. Like Ethereum, NEO also allows developers to launch and run decentralized applications on the blockchain network. It has high liquidity, which makes it convenient for users to trade it. Also, the high liquidity ensures higher safety and stability of one’s investment. If you are a keen follower of crypto educational news, then you would know that NEO is your best bet if you want to leverage the smart contract platforms against Ethereum.
Beam is another cryptocurrency that focuses on privacy. Despite its low market cap size, Beam has high liquidity. Also, its prices have been somewhat stable so far with its average price hovering at $1. However, since it is new, its price can shoot up or go crashing down at ant time. It also has well-thought crypto-economics, which makes it a highly sought out coin.
NEXO is already being touted as “the next big thing” in the crypto industry. It acts as a software wallet and enables the users to use their coins as collateral when borrowing. With adequate liquidity, investors will always find someone to trade with. However, large investors might struggle to trade. It has an organic growth, which ensures that there is no drastic increase or decrease in its prices.
Cardano is in an open competition with NEO and Ethereum. It has a high trading volume, which means that liquidity would never be an issue for Cardano investors who are looking forward to trading their coins. Although its ups and downs, Cardano has remained mostly stable and, therefore, moderately volatile.
The crypto market is changing with each passing day. New coins are flooding the market every day. Thus, it is crucial that you keep following crypto news regularly. For the time being, this list of cryptocurrencies for advanced investors should prove helpful to you.