With over 1000 coins in the market, you can easily come up with a crypto portfolio that combines virtually any number of cryptos. However, not every portfolio can give you the results you want.
A combination of low-quality coins will only put you in the negative in this sideways trading market. While no one can predict how the market will perform, there are certain cryptos that have a high probability of giving you superior returns this year. For instance, a portfolio that has Cardano (ADA), Litecoin (LTC) and Digibyte (DGB) could make an investor lots of money in Q2 of 2019. Here’s why.
There is a lot of excitement around Cardano at the moment due to the Shelley release. Shelley will make Cardano a fully decentralized project, and investors will be in a position to stake ADA. While the process of Cardano decentralization has taken long, it is finally happening.
Cardano 1.5 has already been released, marking a crucial step towards Shelley. Investors expect lots of announcement about Shelley and other products to be made, during the Cardano summit on the 17th of April. This means that Cardano (ADA) is likely to start Q2 with a bang. Once staking is enabled, Cardano could easily emerge as a top performer all through Q2. Cardano is already showing signs of upside momentum, and has broken the psychological $0.05 resistance. This could be a signal of big things to come.
Litecoin (LTC) is one of the best performers in Q1 of 2019. It has gained by more than 100%, pushing from lows of $22 to its current price of $60. Going into quarter two, this momentum is likely to sustain. That’s because, with every passing day, Litecoin is getting closer to its halving in August. While the Litecoin halving may not have an immediate impact on supply and demand, there is lots of excitement around it.
In fact, it is one of the most awaited events in crypto space this year. Given that crypto prices are largely speculative, it then follows that as the halving date approaches, Litecoin (LTC) could see a significant surge in price. It could get an even bigger boost by its growing adoption, which is one of the highest in crypto. On this basis, one is unlikely to go wrong by having Litecoin in a crypto portfolio for the next 3 months.
Digibyte (DGB) is another potentially big performer in the coming quarter. Digibyte’s performance in Q2 will be driven largely by the adoption of its core features, and it is already happening. For context, AntumID is releasing a chrome extension that will allow users to log in to any website using DigiID. This is a big deal, and implies that people can start logging into major sites such as Facebook using DigiID. On top of that, amazing features such as Digiassets are expected to be released in Q2 of 2019. This gives Digibyte (DGB) the potential to make it big in the next 3 months compared to the rest of the market.