After some high gains, high euphoria, and higher greed, the market underwent a flash crash leaving investors and traders baffled. Longs were liquidated and outflows saw a rise, as yet again investors questioned their portfolios or allocation amid a crash. Nonetheless, some altcoins[1] like Algorand held better than the others and this raised the question of choosing the right coins[2] for your portfolio.
However, selecting the right altcoins from the sea of alts isn’t easy. While most newer participants seek low-priced, highly popular assets like XRP and Dogecoin which offer a good entry point, it is ideal to have the right balance of risk to reward for a good portfolio. This article will be looking at some of the top alts to understand if they will make a good addition to the portfolio in the future
Market dependency
Market participants at large aren’t concerned so much about the price as they are about the ROIs, network strength, functionality, long-term growth, and risk associated with the asset. But if one gets an altcoin that offers lower investment with high returns, it would be like a cherry on the cake. Notably, this bull run brought lower-priced alts like Algorand and Stellar Lumens[3] to the forefront as they did pretty well this season.
Algorand traded at $2.1 at press time and saw a multi-month price high on September 9, the alt seemed to hold pretty well even after the flash crash. On the contrary, Stellar Lumens (XLM) traded at $0.33 and saw an almost 25% fall, likewise, XRP saw an almost 24% drop following the recent dip. However, MATIC saw a comparatively lesser price shed (20%).
Noticeably, the price of these four low-valued alts was affected by Bitcoin’s crash but they all showed different
