Don’t keep all your eggs in one basket to protect your investment portfolio, or you might lose everything. As we know, the cryptocurrency market is highly unpredictable. Thus, the portfolio plan you choose can have an impact on your investments. One of the core concepts of investing is diversification. By diversifying your cryptocurrency portfolio with Polygon, NEAR Protocol, and BudBlockz, you can protect your assets and earn more profits in the long run.
A well-balanced cryptocurrency portfolio will help your investments achieve the best results. Let’s find out why diversifying your portfolio with these cryptos is a good idea to reduce your risk.
1. Polygon (MATIC)
Polygon is a framework and protocol that creates and connects Ethereum-compatible blockchain platforms. It categorizes scalable Ethereum systems for supporting the multi-chain Ethereum ecosystem. Its native token, MATIC, controls the Polygon Network.
It stands out as a premier Layer 2 blockchain developed on Ethereum. It is the reason investors are investing in it. Polygon has been in the news lately, and for the right reasons. Recently, it became one of the six projects added to the Accelerator program of Disney for 2022.
MATIC is becoming more popular due to its upcoming Ethereum merge in September 2022. Investors looking for cryptos that can indirectly benefit from the upgrade can flock to Polygon. It began gaining momentum in early February 2021, soaring to high levels in May of the same year. In just a few weeks, the MATIC price rose by 602%.
But it stooped to a low of $0.32 on 18th June 2022 and climbed back to a peak of $1 by July end. The coin’s Meta partnership and the latest breakout of the platform appear to be fuelling its base case.
2. NEAR Protocol (NEAR)
NEAR Protocol is a layer-1 blockchain established as a cloud-computing community-run platform. It is a series of solutions that improves the base protocol for transforming the system of the network into a more scalable one. The benefit of layer-1 blockchain is that you don’t have to add anything to the present blockchain infrastructure.
The coin splits up the data processing and storage into smaller chunks. Sharding makes it highly scalable and fast since it uses a proof-of-stake consensus mechanism for validating transactions, making it environmentally sustainable.
The network uses NEAR Protocol to ascertain its operation. It is a good idea to get the crypto as it will become a savings coin for users in the time to come. The current price of the coin stands at $3.04, and the all-time high is $20.42. Another feature of the network is that it is secure, universal, and inexpensive to use, even when it scales.
When Rainbow Bridge was launched, the NEAR price increased. It is one of the most popular stablecoins in the cryptocurrency sphere.
BudBlockz is an upcoming cryptocurrency that is presently in its presale stage. Experts believe it can be the next Dogecoin. It is predicted to skyrocket in 2023 as it unites the crypto space and marijuana ecosystem.
BudBlockz rapidly became popular among cryptocurrency enthusiasts. Its token, $BLUNT, has successfully made its way into the cannabis industry. This upcoming cryptocurrency has solved one of the most annoying issues with the marijuana industry by offering a legal platform to make cannabis transactions. It provides high privacy when you buy or sell cannabis products in the marketplace. Also, the company uses the power of blockchain infrastructure and a platform for launching an interoperable process for cannabis products.
Since $BLUNT has a fixed supply of 420,000,000, its demand will only increase. The tokens are used for payments within the ecosystem and can be used for earning a passive income and distributing rewards through DeFi solutions and staking.
BudBlockz is developing a diversified marketplace where users can access 10,000 Ganja Guruz NFTs. If you decide to hold these NFTs, you can enjoy many benefits, such as discounts on different products, membership in every dispensary worldwide, and fractional ownership of dispensaries.
Given the peak demand for BudBlockz, it isn’t surprising that experts believe its value will increase more in the coming years, especially in 2023, as the platform is about to launch its public sale in December 2022. The current price of BudBlockz in the presale stage is approximately $0.04.
BudBlockz is building an e-commerce solution for the marijuana industry that currently suffers from a lack of access to a dedicated marketplace. Using blockchain technology, $BLUNT enables users to pay through $BLUNT tokens easily. The presale price is low, and potential investors can easily accumulate quantities of the cryptocurrency, potentially delivering large profits in the long term.
Selecting different cryptos for your portfolios can expose you to a range of innovations within the industry. Buying different crypto will also reduce risk and volatility, making the portfolio more stable.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
BudBlockz Community Links: https://linktr.ee/budblockz
Use the promo code “CYBERWEEK” to receive a 20% bonus on your $BLUNT purchase before 5 December 2022.
All other major cryptos mentioned in this article are available to purchase from leading exchange eToro