"Investors thinking about putting some capital to work in the cryptocurrency sector have thousands of tokens to choose from. With plenty of innovation to invest in, and a range of different networks with unique operating models to choose from, the task of adding some higher-growth exposure to one's portfolio in the digital assets realm can be a daunting one. That said, I've reduced my watch list down to about 20 top tokens I'm watching closely right now."
"Of this group, there are three that stand out to me as buying opportunities, particularly for investors with a long-term investing time horizon. I should not that investing in any digital asset is a far from risk-less exercise. These are highly volatile assets that can surge (and plunge) very dramatically in short amounts of time. As such, I still believe that allocating a small portion of one's portfolio to these tokens is the best long-term strategy."
"That's mostly due to the sheer technological superiority of Solana's underlying blockchain technology. With the ability to support more than 10,000 transactions per second and a rock-bottom cost of typically just a few pennies per transaction, developers and users have flocked to this platform as the place to trade decentralized assets (from derivatives to NFTs or other tokens via Solana-backed decentralized exchanges)."
Thousands of cryptocurrency tokens create a complex choice set for investors seeking higher-growth digital assets. The watch list was narrowed to about 20 top tokens, with three highlighted as long-term buying opportunities. Digital assets are highly volatile and risky, so allocating only a small portion of a portfolio is advised. Solana (SOL) is emphasized for its efficiency, supporting more than 10,000 transactions per second and very low fees of a few pennies per transaction. High transaction throughput has attracted developers and users, increasing platform network effects, TVL/ecosystem growth, and potential valuation upside as volume rises.
Read at 24/7 Wall St.
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