The cryptocurrency market has trended in a six-month consolidation range, recently experiencing two crashes that analysts have called a shake-out and bear traps before the awaited 2024 crypto bull run.
Looking for insights on how to better build an investiment position, Finbold turned to Meta‘s (NASDAQ: META) most advanced artificial intelligence (AI) Llama 3.1, asking for the ideal crypto portfolio given this potential opportunity.
Notably, the Meta AI offered a complete portfolio subdivided in four tiers. First, large-cap cryptocurrencies representing 40% of the investment and three others separated by categories, with 20% allocation each.
As disclosed, the objective is to balance the risks and potential returns through diversification, focusing on solid fundamentals and growth.
Meta AI Llama 3.1 portfolio objectives. Source: NanoGPT / Finbold
Meta AI’s crypto portfolio for the 2024 bull run
The rationale behind the tiers aims to provide a solid foundation with the “Tier 1;” bet on growth potential and adoption through DeFi, lending, gaming, NFTs, metaverse; and eyes long-term success of the cryptocurrency industry with scalability and interoperability.
Tier 1: Large-cap cryptocurrencies (40%)
Starting with the solid foundation offered by “Tier 1” large-cap cryptocurrencies, Meta AI’s allocates 15% in Bitcoin (BTC). Ethereum (ETH) is the second-largest allocation, with 10%, followed by three others with 5% allocation each.
They are BNB Chain (BNB), Cardano (ADA), and Solana (SOL), competing for the same market share of Ethereum.
Meta AI Llama 3.1 portfolio allocations – Tier 1. Source: NanoGPT / Finbold
Tier 2: DeFi and lending protocols (20%)
Second, “Tier 2” is made of decentralized finance (DeFi) and lending protocols, offering a promising opportunity for growth. With 5% allocation each, Meta AI picks Uniswap (UNI), Aave (AAVE), Compound Finance (COMP), and MakerDAO (MKR) – now Sky (SKY).
Meta AI Llama 3.1 portfolio allocations – Tier 2. Source: NanoGPT / Finbold
Tier 3: DeFi and lending protocols (20%)
As follows, Meta AI believes community engagement will have a core role in the 2024 crypto bull run, investing accordingly. On that note, the “Tier 3” has cryptocurrencies focused on gaming, non-fungible tokens (NFTs), and metaverse.
Four projects equally compose the 20% allocation, being: The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), and Enjin Coin (ENJ).
Meta AI Llama 3.1 portfolio allocations – Tier 3. Source: NanoGPT / Finbold
Tier 4: Scalability and interoperability (20%) for the 2024 crypto bull run
Finally, another four cryptocurrencies feature in Meta AI’s “Tier 4” of the ideal crypto portfolio for the 2024 bull run. This tier has 5% of Polkadot (DOT), Cosmos (ATOM), Near Protocol (NEAR), and Harmony (ONE), summing up to 20%.
Llama 3.1 named it as the scalability and interoperability tier, doubling down on the technological potential of the space.
Meta AI Llama 3.1 portfolio allocations – Tier 4. Source: NanoGPT / Finbold
In conclusion, Meta AI provided one of the most complete and well thought cryptocurrency portfolios we have covered on Finbold. Yet, investors should take all that with a grain of salt, considering artificial intelligence models are limited to public data and could be outdated.
With the 2024 crypto bull run approaching, building a solid portfolio can make a difference in achieving good results. Therefore, people can learn with this framework while deciding on their particular allocations according to their investment profile and goals.
