The effect of the bear market rally isn't completely over. While some major players are recovering steadily, some are still left in ruins of unprecedented price decreases, typical of a bear rally.
Rather than hoping that your current portfolio reaches and surpasses its previous value before the crypto winter, it's advisable to make new additions to your portfolio, with hopes of making up for the loss and preventing possible REKT.
However, selecting the right project that can save you from REKT is another headache entirely. The unpredictable nature of the crypto market and its current condition mandates that you carefully analyze and research before adopting any project.
This article gives you three altcoins to analyze and research, hoping they can improve your portfolio and save you from REKT. They are:
Aave (AAVE) - DeFi Protocol Rising The Ranks
Aave (AAVE) is a high-priced cryptocurrency. You can expect a slow but steady increase in the long run. The decentralized finance coin ranks among the top 45 cryptocurrencies on Coinmarketcap by market value and also boasts close to 400k watchlists inclusion.
The DeFi coin hit an all-time high of $666.86 during the bull market run last year but currently sells slightly below $80. Analysts believe it could return to a 3-figure market price soon, and the surge will be more beneficial to long-term holders.
AAVE powers the Aave decentralized finance protocol, which boasts close to $6 billion total value locked (TVL). The platform allows users to lend and borrow cryptocurrency, with the lender earning interest when the loan is returned with interest.
Borrowers use their crypto as collateral before taking a loan out of the liquidity pool. Aave remains one of the best DeFi protocols and amongst the biggest going by TVL (Total value locked), which increases its adoption potential, and the possibility of saving your portfolio from REKT.
Algorand (ALGO) - Could It Be The Blockchain Of The Future?
Algorand (ALGO) is a low-priced cryptocurrency with a market capitalization that makes it one of the top 30 crypto assets on Coinmarketcap. The cryptocurrency has an all-time high record of $3.28 but currently sells slightly below $0.3. According to experts, the low price makes it a good option for high-risk market players who aren't afraid of loss.
ALGO remains the native token of the Algorand network, a decentralized network based on blockchain technology that supports different applications. The platform enables users to enjoy optimum transaction speed and lower transaction fees than other blockchains. The permissionless network uses a proof-of-stake (PoS) consensus algorithm to ensure the security and functionality of its ecosystem.
Analysis from multiple sources shows that Algorand could make up for your loss, although you shouldn't expect a huge price surge. It could make a good portfolio addition with signs indicating price stability in the coming weeks. You can be sure even if the crypto assets aren't moving as expected; you're not losing.
Big Eyes Coin (BIG) - The Meme Kitty People Have Been Asking For
New cryptocurrencies may be a good option to save your portfolio from REKT. They are usually available at a low entry price with a high probability of early or sustained progressive runs within days of launching in the coin market.
This makes Big Eyes Coin (BIG) another great option to consider. The new cryptocurrency has been tipped to become one of the greatest meme coins, and experts are optimistic about the crypto asset.
Big Eyes Coin (BIG) isn't like conventional meme projects that aim to rival existing top ones like Doge or Shib. Rather, it comes with its unique utility and theme. The cat-themed meme project is much concerned about users' growth and the continuous development of its ecosystem.
It will have a decentralized exchange (DEX) called Big Eyes Swap, which makes the exchange of digital assets seamless, fast, and cost-effective.
The Big Eyes Swap of the ways of ensuring users' accessibility to the DeFi space. The others will include tutorials and how-to-guide to improve decentralized finance (DeFi) adoption further.
Big Eyes Coin (BIG) will be one of the few meme projects with DeFi utility. The developers aim to add more DeFi-related features like liquidity acquisition, auto burn, staking or farming, etc.
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