Cryptocurrency Heard for the Month: 16 December 2022
Indeed, it has been a rough year for investors, in general. The S&P 500 is down 15.17%, Dow Jones Industrial Average -6.25%, NASDAQ Composite -25.21%, and Nasdaq Crypto Index (NCI) is down 62.94%, year to date, while our Crypto suggested portfolio is down 2.26%, beating all the major market indexes and proving portfolio diversification diminishes investment risk exposure, and investment in good fundamentals maximizes Return on Investment (ROI).
Suggested Crypto-currency Portfolio Review
The following were our suggested entry price for:
Solana (SOL): $13.72
Avalanche (AVAX): $12.95
VeChain (VET): 0.019
Cardano (ADA): $0.32
Ethereum (ETH): $1,267.75
Bitcoin (BTC): $16,884.97
Binance Token (BNB): $300.51
Litecoin (LTC): $78.30
Tether (USDT): $1.00
XRP (XRP): $0.40
Dogecoin (DOGE): $0.11
OMG Network (OMG): $1.26
Chiliz (CHZ): $0.16
Gains Network (GNS): $4.05
Helium (HNT): $2.45
Solana (SOL) Current Price: $14.24 DOWN 48.22%
Avalanche (AVAX) Current Price: $13.66 DOWN 8.93%
VeChain (VET) Current Price: $0.019 DOWN 17.39%
Cardano (ADA) Current Price: $0.30 DOWN 40.00%
Ethereum (ETH) Current Price: $ 1,291.04 UP 28.21%
Bitcoin (BTC) Current Price: $ 17,733.03 DOWN 13.92%
Binance Token (BNB) Current Price: $264.90 UP 27.97%
Litecoin (LTC) Current Price: $74.87 UP 48.26%
Tether (USDT) Current Price: $1.00 UP 0.00%
XRP (XRP) Current Price: $0.38 UP 2.07%
Dodge Coin (DOGE) Current Price: $0.088 UP 15.79%
OMG Network (OMG): $1.17 DOWN 37.1%
Helium (HNT) Current Price: $1.95 DOWN 64.74%
Chiliz (CHZ) Current Price: $0.14 DOWN 41.67%
Gains Network (GNS) Current Price: $3.83 UP 115.17%
As of December 15, 2022, the Crypto portfolio is down 2.26%, comparing with 3.33% ROI, as of November 30, 2022.
Many investors are looking for the next big thing in cryptocurrency. While there are many contenders for the title “most promising altcoin,” these five are the ones to watch for the remaining of December. So, if you want to invest in cryptocurrencies in December, one strategy is to extend by keeping a variety of altcoins besides bitcoin and considering their functionality.
- io – Green Crypto for Carbon Credit Market
While Bitcoin’s price tested the multi-month low of around $15,000 and was still in a larger bearish trend, a lot of analysts were of the opinion that Bitcoin’s price had bottomed. On the downside, we believe BTC price will hold the $15,000 mark.
- Dash 2 Trade (D2T) – The Best Analytics Tool on the Market
D2T is an analytics tool that provides users with real-time data about cryptocurrency prices, trends, and market conditions. This altcoin is set to explode in December. With the D2T’s potential, the future of cryptocurrencies may rest on its shoulders.
D2T highlights the innovation that has recently been devouring the cryptocurrency industry. It is not an attempt to overstate how unique D2T is compared to its peers; however, it is unique and has design elements that support its system.
D2T wants to develop a stress-free, loss-reduced, and profit-focused market where trading decisions and strategies are well-thought-out. The bitcoin ecosystem is primarily drawn to social trading platforms and cryptocurrency analytics.
To revive traders’ ambition to make money, D2T positions its endeavor as a helping hand or a prod in the right direction.
- RobotEra (TARO) – A Fascinating Metaverse Platform
Metaverse enthusiasts can gleefully engage in Robotera as it sets to provide a play-to-earn virtual reality experience.
RobotEra is developing a sandbox-styled metaverse where users can participate in rebuilding and earn income.
- RobotEra (TARO) – A Fascinating Metaverse Platform
Metaverse enthusiasts can gleefully engage in Robotera as it sets to provide a play-to-earn virtual reality experience. RobotEra is developing a sandbox-styled metaverse where users can participate in rebuilding and earn income.
The metaverse provides several avenues to earn rewards as users freely engage in this virtual world of Taro. Users can develop lands, build robot companions, and engage in events and quests in the metaverse. Users earn rewards via NFTs and $TARO tokens.
When users earn NFTs, they can trade them in the marketplace for cash. Also, earning $TARO tokens allows robotEra users to stake their tokens to earn more income. This project is built to last, and users can take advantage of its presale.
- Calvaria (RIA) – Exciting New Game Project
Calvaria has the potential to explode come December, which is why it’s getting increased attention from investors and gamers across the globe. This altcoin hopes to draw both conventional and cryptocurrency gamers. Additionally, Calvaria will offer free-to-play and P2E gaming.
Furthermore, Calvaria would give users immediate access to royalty revenues from the subsequent trades of their NFT-powered card collections and enable them to access actual products and services. Holders of the RIA token will also be able to stake, thereby allowing them to profit passively from the platform.
- Shiba Inu – Penny Crypto with High Potential
Shiba Inu is one of the altcoins featured on ShibaSwap, and it has been predicted to explode this December. The potential of the Shiba Inu is unbounded, despite being far behind the market’s king token.
Shiba Inu borrows several blockchain characteristics from Dogecoin, contributing to its rise in favor of cryptocurrency investors. For individuals who have made an effort to invest in this alt, the future appears magnificent.
This crypto project might rank among the top 20 altcoins on Coinmarketcap in 2024, together with many other incredible cryptocurrencies. However, as other traders keep close eyes, hold cautiously, and monitor SHIB’s market patterns, the ShibArmy, one of the longest-running crypto communities on the internet, continues to retain its support for Shiba Inu.
Do not miss our next Cryptocurrency article, as will be setting up a new crypto suggested portfolio for 2023.
Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street. There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decision choices, when investing in Cryptocurrencies.
Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.
Tags: Asset Management, Automated Trading, bitcoin, Cryptocurrency, mam, Money Management, Multi Account Management, PAMM