One of the maxims of the financial market is diversification. Anyone who regularly trades in the markets knows that any investment portfolio cannot focus on a single product, and this also applies to cryptocurrencies.
For the consultant Maurício Zanetti, CEO of KRYP.TOOLS, any investment portfolio must contain varied assets.
“The diversification of a cryptocurrency portfolio depends a lot on the strategy of each investor, the investor’s understanding of each currency, technical and fundamental analysis. That is, there are a series of criteria and ‘bets’ to consider, but it is very important analyze the technical aspects of each cryptocurrency before making an investment decision”, he suggests.
In the first two months of the year, for example, Bitcoin surprised investors with good profits, but according to the expert, it is necessary to pay attention to the market in general and evaluate alternatives also.
“With the maturing of the cryptocurrency investment market, it is now directly related to interest rates, which are currently high. We believe that current global economic conditions, primarily in the United States, they will contribute to keeping the value of Bitcoin stable in 2023. Only in 2024 do I believe in an increase in value”, he evaluates.
In addition to Bitcoin, Zanetti suggests that investors pay attention to four other coins: Ethereum, Cardano, Matic, and Solana. “These five coins represent important projects in the crypto market, such as smart contracts, web3.0 projects and others,” he says.
whatAnd how to start building a diversified portfolio in crypto assets? According to the CEO of KRYP.TOOLS, the first step is to study a lot what cryptocurrencies are, how they work and, above all, invest an amount that you could be at risk of losing.
“At the beginning, as the person is still learning about the market, the risks are high and many end up giving up, since they believe that they will be ‘rich’ in the short term, but they are not.“, it states.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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