#artificialintelligence (AI) Perplexity AI has answered the question of which alternative cryptocurrencies to bitcoin are worth buying in November 2024.
To reduce risk and maximize potential returns, the AI recommends investing:
-- 25% of capital in Ethereum ($ETH
);
-- 15% each in Solana ($SOL
) and Uniswap ($UNI
);
-- 10% each in Cardano (ADA), Polkadot (DOT) and Aave (AAVE);
-- 5% each in MultiversX (EGLD), Chainlink (LINK) and The Graph (GRT).
Perplexity AI suggests investing half of the money in the leading altcoins Ethereum, Solana and Cardano, apparently considering them the most reliable, but inferior to lesser-known coins in terms of potential upside.
Investments in MultiversX, Chainlink and The Graph can bring impressive profits or turn into losses, so the AI has allocated a small portion of capital for their acquisition. Polkadot, Uniswap and Aave are able to significantly increase the invested funds due to the increased popularity of DeFi, which issued these coins.
Former Binance exchange director Changpeng Zhao recently emphasized the need to diversify a cryptocurrency investment portfolio, warning of the risk of “putting all your eggs in one basket.” Accordingly, Perplexity AI's advice to buy multiple digital assets is sound.
Chanpeng also cautioned virtual currency traders about the upcoming pumps and dumps that always occur in the digital asset market and should not take traders out of their mental equilibrium.