Altcoins
Here are 7 High-Risk, High-Reward Altcoins to Buy This Week
Prominent analyst Joe Parys has identified seven altcoins he considers high-risk but potentially lucrative investments, predicting they are poised to explode.
First, Parys referenced CoinGecko statistics revealing how some altcoin narratives generated returns in excess of 1,310% for investors during the first quarter of 2024.
Likewise, he highlighted the current momentum in which tokens like PEPE recently reached a new all-time high (ATH). Parys acknowledged the high volatility in the market, but stressed that this volatility presents opportunities for savvy investors.
Accordingly, Parys went on to suggest that the true increase altcoins haven’t happened yet. He expects Bitcoin’s dominance to decline in the coming months, paving the way for the much-anticipated altcoin season.
In light of this, he outlined seven high-risk, high-reward projects. Altcoins Investors Might Consider Buying positioning itself strategically for the next period of explosive growth in the altcoin market.
The 3 main high-risk coins
Trim the list is CARV, which aims to create the most comprehensive modular data layer for gaming and AI. Although still in its early stages with an upcoming sale this month, CARV has garnered support from notable investors such as HashKey, Consensys Ventures, and Tribe Capital.
Another Parys selection is OrangeDX (O4DX), hailed as the first generation Bitcoin DeFi Hub. It is a Bitcoin protocol platform for trading, bridging, launching, earning, borrowing and lending.
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Parys’ third recommendation is the Elixir project, which targets the video game industry. Elixir boasts of enabling the Internet of order book liquidity and is backed by a robust network of over 10,000 validators.
Although his token has not yet launched, Parys believes that new high-risk companies like Elixir are worth considering for investment.
Recommended High Risk Meme Coins
Other high-risk projects recommended by the analyst include the meme-based project Foxy. According to the disclosure, Foxy deserved this listing given that meme coins were a dominant force in the first quarter of 2024, with the top ten meme coins posting an average return of 1,313%.
Essentially, Parys chose the Foxy meme coin for its compelling narrative that could potentially lead to explosive growth.
The fifth project to appear on Parys’ list is the BRETT meme piece, which recently attracted media attention by reaching an all-time high. Currently trading at $0.09201, BRETT has seen an increase of over 55% over the past week and an increase of 174% over the past month.
Parys also highlighted Lingo, an emerging project on the Solana and Base blockchains. The project focuses on reward tokens powered by real-world assets (RWA).
Recently, Lingo made waves by launching an airdrop as a reward for his community members. This follows a successful campaign which saw over 2 million tweets from 150,000 participants for its new launch, Lingo Island.
The last high-risk project mentioned by the analyst is Gummy, a company operating on the Solana blockchain. Gummy is currently attracting attention by offering rewards to users who stake their tokens.
Caution
Joe Parys notably emphasized throughout the video that the tokens he recommended are projects in which he personally invests. As a result, he urged viewers to conduct independent research before committing to the projects.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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