5 altcoins that haven’t gone parabolic yet

The surge in XRP and ADA over the past two weeks has taught me a lesson in humility. Earlier this year, I sold my XRP and ADA and moved my funds to newer alternatives. Some alternatives such as SUI, ZEUS, and BRETT have performed well, while others such as SUIMAN, LIKE, and FET have not performed well.

XRP, ADA, and other traditional currencies have outperformed many of my picks, but it’s too late for me to actively pursue them. I salute everyone reading this who had the courage to hold these currencies when no one in the crypto community was talking about them.

If you follow anyone on YouTube today, I bet you’ve heard a lot of bragging. Regardless of the channel, I get the feeling that the influencer probably truly believes their stuff doesn’t stink.

But the reality is that someone could have mentioned any coin in the past month and there’s a good chance that the price of that coin would have gone crazy. Ironically, a big influencer mentioning a coin creates a self-fulfilling prophecy that drives the price higher. I wish there was a monkey throwing darts at Coingecko’s printout and comparing it to my portfolio.

I’m almost certain they’re all hawking their own bags, and that’s okay. I do the same thing in my articles, so I can’t judge. Yet crypto YouTubers (rightfully) have far larger audiences than I do. After all, how many people besides you actually read it?

I mention this because we have to understand that no one in this space knows more than anyone else. I follow many crypto analysts and no one expected the surge in HBAR, ALGO, ZIL or XLM. I am just as bad because I recently discredited many of these legacy projects in an article titled “ If You Own These Cryptos, Start Panic ”.

I was wrong in that article, but I won’t beat myself up too much. I wrote my 10 Favorite Crypto Investments. It’s up 68% since I wrote it, while BTC is up 46%. I still like all of these coins, so it might be worth a look if you haven’t read it yet.

This was a long preface, and if you’ve read this far, I appreciate your sticking around. I’m going to share five altcoins that I’ve recently purchased or added to an existing bag that I’m not fully invested in yet. I’ll go from the most conservative to the most adventurous. Also, all of these coins are available on Coinbase and/or Kraken.

Token #1: AVAX Current Price: $51.34 Current Market Cap: $21 Billion

Avalanche has not been as successful as other Layer 1s (with actual users) like Solana, Sui, or Tron. Here are some reasons why I like AVAX right now.

It is currently trading 65% below its all-time high.

It has games and layer 1 narratives, and games have yet to take off. But big influencers are heavily promoting games, so I think it's only a matter of time before capital enters the industry. This should be good for AVAX.

Many people who were in the last cycle remember how AVAX took off. AVAX is available on most of the top exchanges, so retail traders can easily buy it.

Token #2: NEAR Current Price: $7.31 Current Market Cap: $8.9 Billion

Like Avalanche, Near Protocol has been a mediocre Layer 1. Also, like AVAX, NEAR is approaching a one-year high. Here’s why I like NEAR right now.

It is currently trading 64% below its all-time high.

It has AI and layer 1 narratives, and AI has yet to take off. There are hundreds of small AI projects, and they should draw attention to the AI ​​space. I expect this will attract more investors to NEAR.

While I haven’t heard too many influencers focusing on NEAR, it’s easy to create a narrative based on its AI expertise, high user base, and small number of tokens issued.

Token #3: GALA Current Price: $0.052 Current Market Cap: $1.9 billion

GALA is one of the most well-known brands in the crypto gaming space. It has a huge gaming ecosystem, and GALA tokens can be used for in-game purchases and NFTs. Here are a few reasons why I like GALA.

It is currently trading 93% below its all-time high.

This is one of the top projects in the gaming category. As mentioned before, the game should have its turn in this cycle, and rather than trying to find a single game, I prefer to look at it as speculation about the industry.

Low unit bias. Retail traders tend to favor low-priced cryptocurrencies.

Coin #4: ARKM Current Price: $2.38 Current Market Cap: $585M

Arkham is one of the most respected and well-known analytical platforms in the crypto space. Mentions of Arkham appear frequently in crypto news and X posts. Here are some other reasons why I recently bought ARKM.

It has almost no competitors. Moreover, its token is the native currency on its platform.

The project has received investment from famous investors such as OpenAI co-founder, Palantir co-founder, Tim Draper, and Wintermute.

Many people don't know Arkham has a token. They provide a valuable service; maybe at some point in this cycle the fundamentals will earn respect.

Currency #5: VANRY Current Price: $0.17 Current Market Cap: $283 million

Vanar Chain is a layer 1 blockchain. Unlike other chains, it has a fixed cost of just a few cents per transaction. This makes it a great choice for AI, gaming, and mixed reality. Here are more of what I like about VANRY.

For a Layer 1 token listed on a tier 1 exchange, it has a low market cap. Also, the token has been traded for less than 1 year, so price discovery is pending.

I've heard it mentioned by several influential people I respect. The low unit deviation combined with this means it can be pumped quickly.

Their website says Vanar is being developed in partnership with Nvidia and Google Cloud. I can't find details on this, but I doubt it would appear on their website if there was no connection.

Key Takeaways

I feel confident enough in these cryptocurrencies to add them to my portfolio. The risk/reward of these coins is attractive and they can be purchased on US exchanges.

While I don’t know if they can go up 1,000%, they are diversified enough to outperform the overall cryptocurrency market.

If you are exploring the cryptocurrency space you will be bombarded with suggestions. Keep in mind that these suggestions are all from people who are promoting their bags (like in my case) or collecting money to support the project.

Please let me know what you think in the comments. If you liked this article, please clap; it helps me and motivates me to write more.