Memecoins were some of the biggest risers this week as the crypto bull run continued. Tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) recorded gains of over 100% but is it time to diversify into that market? It is easy to be reactive but being proactive is what guarantees the best returns.
In either case, first-hand knowledge of the market is necessary. We highlight some options for diversified portfolios and their recent performances to help investors filter tokens to hold. We look at Ethereum (ETH), Binance Coin (BNB), Shiba Inu (SHIB) and DeeStream (DST). We show what each token adds or takes away from portfolios.
Ethereum (ETH) Rise Great for Investors
Diversified or not, Ethereum (ETH) is a common feature of many portfolios. The layer-1 blockchain is one of the most popularly used and the base for many other networks. Ethereum (ETH) has also shown a propensity for sharp sustained growth which benefits investors.
The most recent spell sees Ethereum (ETH) on a steady rise. Most experts predict this will extend till the end of the second quarter at least and Ethereum (ETH) should reach $10,000 within the year. The real issue with Ethereum (ETH) is that it is a high-cost asset but this can be excused because of its high rewards.
Stable but Progressive Binance Coin (BNB) Could Be a Decent Option
Binance Coin (BNB) shows up in fewer portfolios than Ethereum (ETH) but is a fairly popular choice. It is the native token of the Binance Exchange. Binance Coin (BNB) has some interesting movements but remains largely positive. It trades under $420 but shows signs of a more stable token that can bring returns, even if only after a long time.
Shiba Inu (SHIB) Spikes, Time to Buy?
Shiba Inu (SHIB) saw a massive rise gaining over 200% in a matter of days. This increase comes after a long period of almost no growth and will be well received by Shiba Inu (SHIB) holders. The token trades at $0.0000382 so there is still room for growth.
However, buying Shiba Inu SHIB or any other memecoins comes with more risk than the average crypto.
DeeStream (DST) is the best new addition
The best portfolios feature new coins with good potential that are held for long-term profits. DeeStream (DST) may be the perfect coin for this. It is the first web3 streaming platform ever.
DeeStream (DST) is an exciting new project that changes many things about how content works and who benefits from it. It shifts power to users and investors and provides amazing returns that can rarely be found elsewhere.
It is cheap to add DeeStream (DST) to a portfolio, selling at $0.04 per unit. The token could also rise to 30x so there are impressive returns within it. Finally, DeeStream (DST) offers early investors passive income from a portion of its transaction revenue so long-term and short-term benefits are available.
Find out more about the DeeStream (DST) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
