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Despite the volatility associated with cryptocurrencies, it makes sense to allocate a small portion of your overall portfolio to these digital assets. I would advise investors to invest between 5% and 10% of their investment capital in cryptocurrencies.
Additionally, much of an investor’s crypto portfolio should be geared towards investing in market leaders such as Bitcoin, Ether, and Terra. But investors with a very high risk appetite can gain exposure to lesser-known tokens that can generate life-changing returns over time. Here we take a look at two such cryptocurrencies that you can buy right now.
Tron
Valued at a market cap of $7 billion, Tron (CRYPTO:TRX) is the 21st largest digital asset in the world. Launched in 2017, TRX tokens were originally based on ERC-20, meaning they were deployed on the Ethereum blockchain. However, in 2018 the tokens were moved to their own blockchain network.
Tron was designed with the aim of granting ownership rights to the digital content creators, who generally receive a small portion of the overall income. Tron would allow consumers to reward content creators directly, bypassing intermediaries like YouTube and Facebook.
The Tron blockchain network also supports smart contracts, which allows it to host decentralized applications.
The TRX token has gained over 15% over the past seven days after blockchain founder Justin Sun announced the launch of a native stablecoin called USDD. According to Sun, the USDD will be an algorithmic stablecoin such as TerraUSD and Frax Finance. A stablecoin is a digital asset pegged to a fiat currency, in this case the US dollar.
Sun explained: “If the price of USDD is below USD 1, users and arbitrageurs can send USD 1 to the system and receive USD 1 worth of TRX. If the price of USDD is higher than USD 1, users and arbitrageurs can send USD 1 worth of TRX to the decentralized system and receive USD 1.”
A DAO or decentralized autonomous organization will manage the USDD stablecoin and manage the reserve at a 30% interest rate. In addition, the DAO will provide a total of $10 billion in custody reserves to serve as collateral for the USDD.
Earlier this week, Tron also confirmed that it now has 90 million accounts and is expected to end with 100 million accounts by June, suggesting that TRX should benefit from widespread adoption.
win network
A DeFi ecosystem based on the polygon Blockchain, win network is valued at $18 million based on market capitalization. The gTrade platform is the first to offer users decentralized leveraged trading, where you can trade the price of stocks on-chain.
The gTrade platform currently supports three stocks including tech giants such as: Apple, meta platforms and alphabet. Once the beta launch is successful, more stocks will be available to traders on gTrade.
Gains Network confirmed there will be no funding or borrowing fees, and spot stock prices with reduced liquidation risk. Additionally, Gains Network states that it will use a synthetic leveraged trading architecture powered by the GNS token.
Trades are executed using two liquidity pools for pairs listed on gTrade, meaning the protocol does not need to build liquidity for each pair.
gTrade stated that its all-time volume of $11 billion will grow once popular tech stocks become available to users. It has a daily trading volume of $155 million, which means liquidity shouldn’t be an issue.
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