by Cody on 2021-02-14 filed under Crypto Investing
As crypto prices rise dramatically in 2021, new investors are flocking in. However, how do you invest in crypto given the hundreds of crypto coins available? Here at Big Time Crypto, we recommend a simple blend of 3 coins for getting started. We will detail this portfolio, our rationale, and its performance over time below.
Recommended Crypto Investments for 2021
Below is the Big Time Crypto portfolio that we recommend for 2021.
|Ethereum||50%||Ethereum is booming for a variety of reasons. First, it powers the world of DeFi which is exploding with innovation. Second, as Ethereum 2 approaches, it will unlock new levels of performance and scale. Third, as Bitcoin's younger brother, its market cap is quite a bit smaller, allowing more room for appreciation.|
|Bitcoin||40%||As the most-established cryptocurrency, Bitcoin is the least volatile crypto coin. Further, it's attracting institutional investment quickly, leading to its rapid price increase in 2021 so far.|
|Algorand||10%||Algorand is a very technically advanced cryptocurrency, created by top MIT computer scientist Silvio Micali. It is a proof-of-stake coin, granting tokens regularly to those holding Algorand. Finally, it is just beginning to accumulate visibility and credibility, meaning there is a ton of upside for new investors.|
The table below tracks this portfolio's performance over 2021. We started with $1000 using the ETH 50% / BTC 40% / ALGO 10% split recommended above. We began the year with .677 ETH, .017 BTC, and 279.33 ALGO.
|Coin||Jan 31 value||Feb 28 value||Mar 31 value||Apr 30 value||May 31 value||Jun 30 value||Jul 31 value||Aug 31 value||Sept 31 value||Oct 31 value||Nov 31 value||Dec 31 value|
Disclosure: I/we have a long position on Bitcoin, Ethereum, and Algorand. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Big Time Crypto).
Additional disclosure: Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation of the purchase or sale of cryptocurrency. Investors are advised to review all documents and press releases to see if the cryptocurrency fits their own investment qualifications.