5 Best Cryptos to Include in a Balanced Portfolio in 2024
As investors shift back into risk-on assets in anticipation of rates cuts by the Federal Reserve, mainstream investors are increasingly looking for the best cryptos to buy 2024 as part of a balanced portfolio strategy.
Market sentiment has shifted positive on risk-on assets like crypto following dovish tone from the Federal Reserve according to Fidelity reports.
This comes hot on the heels of a reversal from the Securities and Exchange Commission (SEC) which recently approved spot Bitcoin ETFs following months of anticipation – a sign of growing acceptance of cryptocurrencies in traditional finance circles.
For retail investors with a moderate risk-tolerance a balanced portfolio approach offers the best risk profile when seeking exposure to crypto assets, let’s dig into the 5 best cryptos 2024 for a balanced portfolio.
Kick-starting our list with a slightly higher risk profile than following investments is Ordi token (ORDI) which broke-out onto crypto markets in 2023 as the first every BRC-20 inscription token.
Still prominent as the largest BRC-20 token by market cap ($1.57bn at the time of writing), ORDI is used as a decentralized naming system for the Bitcoin network.
ORDI is poised to unlock dramatic growth alongside Bitcoin’s anticipated skyrocket post-halving in 2024 – with the potential to outperform BTC due to a lower market cap position.
Coming in at second our list for a balanced portfolio is Ethereum scaling token Polygon (MATIC), which is poised to unlock strong growth due to its competitive low gas fee and high-speed infrastructure that provides developers and traders an alluring alternative to ERC-20’s high transaction fees.
Investors are anticipating a promised shift from MATIC tokens to POL tokens as part of
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