10 underrated cryptocurrencies you should know about in 2024: Insights from Mudrex Expert
In this session, Jafer explained the importance of diversification across market caps — small-cap, mid-cap, and large-cap cryptocurrencies — and how this strategy helps build a resilient crypto portfolio. Here’s a detailed look at the cryptocurrencies discussed and why they’re worth watching.
Understanding market caps and portfolio diversification
Cryptocurrencies, like stocks, are categorised by their market capitalization, which reflects the size, stability, and growth potential of a project. Large-cap coins, such as Bitcoin and Ethereum, are well-established with strong liquidity, making them safer bets. Mid-cap cryptocurrencies, on the other hand, offer higher growth potential but come with moderate risk. Finally, small-cap cryptocurrencies, though volatile, provide significant upside for investors willing to take on additional risk.
Jafer highlighted the importance of diversifying a portfolio across these categories to manage risk and maximise potential returns. A balanced portfolio ensures exposure to a wide range of market segments, allowing investors to weather market fluctuations and capitalise on emerging trends within different niches like DeFi, NFTs, and gaming.
The top 10 underrated cryptocurrencies for
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