Low risk high reward blue chip altcoins to anchor your bullish portfolio.
It’s always fun to wade into the altcoin jungle, chase 100x returns on micro-altcoins, and invest in new innovative protocols. The reality is that this is best done with a small portion of your portfolio, with the rest more wisely invested in Bitcoin, Ethereum, and lower-risk blue-chip altcoins.
This article will focus on three of the top blue-chip altcoins with much lower risk profiles that have staggering 20x+ potential in a bull run.
Altcoin #1: Chainlink ($LINK )
ATH (all time high) $52.70 ( — 90%), 8x ATH, target $130–150
Chainlink is the top cryptographic infrastructure used by the vast majority of existing protocols. It is a data feed and oracle protocol that powers on-chain data and connects it to the real world.
During the 2020/2021 bull run, $LINK was a leader, heralding a significant price increase, becoming one of the first projects to experience parabolic price movements. Its price has been relatively stagnant since then, but its integrations have grown in leaps and bounds, and it's adding significant use cases by adding one of the best interoperability technology stacks; their highly anticipated cross-chain Interoperability Protocol (CCIP)
CCIP is a technology stack that targets one of the biggest pain points in crypto: cross-chain interaction. It allows protocols integrating the technology to send cross-chain messages, send tokens natively from one chain to another, and even build cross-chain applications. Its advantage over its main interoperability competitor (Layer Zero) is that it can combine oracle sources with native cross-chain CCIP. The importance of this symbiotic relationship cannot be overstated, as it allows for truly frictionless communication between blockchains.
Where $LINK falls short is in its token economics. To date, the token lacks a proper value accumulation mechanism. Chainlink 2.0 adds a staking mechanism that allows for some value accrual, but frankly this is still a major shortcoming that needs to be further addressed in order for the token to absorb the massive amount of value (and adoption) Chainlink is creating.
A significant advantage of $LINK compared to the previous cycle is that it has already vested more tokens, so there will be less dilution in the future. I have been accumulating $LINK and am currently holding it until the 2025 bull run (or as always, a fundamental change).
Altcoin #2: Immutable X ( $IMX )
ATH (all-time high) $9.52 (-94%), 18x to ATH, target $40-45
Immutable X was born from the combination of the team behind the popular game Gods Unchained and technology from Starkware. They are a gaming and NFT focused Ethereum layer 2 with some noteworthy NFT and gaming specific innovations.
Immutable X uses an Ethereum L1 wallet to sign messages and execute transactions. Therefore, finalization is instant (just an API call), does not require its own network, costs no gas fees, and benefits from ETH security. The only drawback is that complex transactions are not currently supported. That will soon change as they launch the new zkEVM Layer 2 in partnership with Polygon.
Notably, $IMX is capable of 9,000 TPS and has a global order book, allowing any dApp built on top of it to access the same liquidity pool. This is a remarkable innovation that eliminates the long-standing liquidity break problem on most other chains. $IMX, on the other hand, is a rollup that takes up to 10 hours to settle transactions back to Ethereum. This can create some friction as assets move back and forth between L2 and L1.
From a user perspective, Immutable X is fast, cheap, secure, and scalable. It boasts user-friendly technology that automates and simplifies countless often complex blockchain interactions and allows users to focus on the intended use itself... gaming, collecting, trading, or otherwise (*1)
The recent updates and their collaboration with Polygon on the zkEVM chain are very encouraging. $IMX will be the Gas token and will continue to provide revenue share through its staking mechanism. $IMX is still being redeemed, but the circulation and total supply of $IMX have improved significantly over the past two years.
Given my expectation that gaming will lead the upcoming bull run, Immutable X occupies a core position in my altcoin portfolio, with a proven dominance in the space, large partnerships, and an experienced team. It's top-tier GameFi infrastructure that will benefit from the gaming bull market without taking on gaming-specific risks.
Altcoin #3: Solana ( $SOL )
ATH (all-time high) $259 (-92%), 13x to ATH, target TBD (20X+)
Solana is a major competitor to non-EVM Ethereum and has proven itself to be a layer 1 capable of weathering the storm. Not only has Solana recovered from multiple technical issues and related chain outages, but its adoption rate has continued to show significant progress despite the FTX bankruptcy and severe cryptocurrency bear market.
Like Polygon and Immutable X, Solana is the platform of choice for NFTs and games. It features ultra-fast transaction speeds, virtually zero transaction fees, and reliable exchange integrations. It also has a strong and growing developer base, as well as a comprehensive dApp suite and thriving protocols.
I expect SOL to perform similarly to ETH in the last cycle. It saw a massive drawdown after the FTX crash and the worst crypto bear market to date. SOL has also established some noteworthy partnerships, such as USDC and VISA.
Solana prices have also stabilized and appear to have found a floor in the mid-teens ($17-$20). Much of the SOL glut from VC and FTX has been removed, and a period of accumulation is likely over the next 6-12 months, followed by a substantial bull market recovery.
in conclusion:
Altcoins are often just a means to accumulate more ETH and BTC in the long run. It's a good time to accumulate altcoins when everyone else is slamming these coins for how scammy they are, that their booms are never coming back, and that they are "garbage coins."
Compared to Bitcoin and ETH, the returns are greater precisely because these altcoins are so unpopular, as they are right now. Blue chip altcoins, in particular, are an extremely low-risk way to gain alpha relative to BTC and ETH in your pursuit of stacking more Sats and ETH (Gwei).
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