While altcoins can certainly generate higher returns than Bitcoin and Ethereum, it is riskier to invest in them. Still, with higher risk come higher rewards, so it’s essential to include at least some of them in your portfolio. Here we discuss 3 altcoins in which you can invest without taking too much risk.
Polygon (MATIC)
Sometimes appearing in CoinMarketCap’s top 10, its price has risen since October 2022 as other cryptocurrencies struggle with the crypto winter.
This is mainly due to several partnerships, including collaborating with Robinhood for its new Web3 portfolio. In addition, Polygon has partnered with Meta to help make its NFT vision a reality and Nubank to host its NuCoin cryptocurrency.
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All these companies appreciate the value of the Polygon network and its promise of increasingly faster, cheaper, and safer transactions. It has already helped developers launch over 20,000 DApps, has over 130 million unique users, and millions of daily transactions. We can therefore count on Polygon for the long term.
Polkadot (DOT)
Unlike Polygon, which runs on Ethereum, Polkadot is a Tier 1 blockchain that intends to enable platform interactions through para chains. Polkadot makes its para chains available for many projects and has become the first blockchain in terms of developer activity, according to data from Santiment.
POLKADOT:
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◻️ 2nd most active network in development behind Ethereum.
Polkadot developers continue to improve the network, including a new consensus protocol that will enable network speeds between 100,000 and 1,000,000 TPS. This will continue to attract more developers and, as a result, improve the profile of the network’s native token, the DOT.
Ripple (XRP)
Ripple Labs has been locked in a legal battle with the SEC since 2019, a battle that now seems close to its conclusion. Once this episode is over, the value of XRP should soar, especially since the battle seems to favor fintech.
Since cryptocurrency has weathered this storm without losing its place in the top 10, it has proven its strength over the long term. In addition, it has also been the cross-border payment solution for individuals and financial institutions, proving that it has a real utility in the world.
