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Many believe that investing in cryptocurrencies is purely speculative. While this is true in some cases, there is no denying that the asset class has consolidated. Additionally, portfolio diversification benefits can be achieved by adding cryptocurrencies to a traditional investment portfolio.
I agree that numerous opportunists have taken advantage of the low barriers to entry associated with crypto coin listings. That’s why I delved into the cryptocurrency space with care and common sense to introduce my readers to three cryptocurrencies to buy.
I don’t expect you to agree with my findings, but I believe they will add value to your own cryptocurrency analysis. Here are three cryptos with high price predictions that I think are good buys.
Lisk (LSK-USD)
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Lisk (LSK-USD) is a decentralized application vehicle (dApps) that focuses on developing and running dApps over customized blockchains using the in-house JavaScript programming language.
In addition, Lisk operates a decentralized network to validate and process transactions. Delegates vote on the company’s transaction and validation processes. Additionally, Lisk allows anyone to join as a delegate, democratizing the validation process.
Lisk is up about 65% year-over-year. Although much of its gains come from a broad rally in high-beta assets, Lisk has idiosyncratic potential. For example, Binance believes Lisk will achieve a goal Price target of $2.51 per share by 2030, a significant increase from the current price of $1.87 per share.
I bet Lisk is undervalued!
Bitcoin (BTC USD)
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Although it is a banal entry in today’s list, Bitcoin (BTC USD) presents notable discussion points as various turning points have occurred. Before I delve into the above-mentioned turning points, keep in mind that Bitcoin essentially acts as an index of cryptocurrencies, meaning that its key influencing variables are systematic in nature.
US interest rates are likely to change, which will create headwinds for the US dollar. Investors typically hedge against such headwinds by adding gold to their portfolios. However, Bitcoin’s recent emergence as a proxy means investors could use it to hedge US dollar weakness.
In addition, Bitcoin exchange-traded funds (ETFs) are becoming increasingly important. Accordingly TD SecuritiesThe introduction of Bitcoin ETFs has resulted in incremental portfolio allocation by financial advisors and fund managers amounting to approx 3% to 5%.
Essentially, Bitcoin’s hedging properties could converge with its ever-growing acceptance among professional fund managers. As such, Binances Bitcoin price target 2030 from $92,533.83 is no surprise.
Stellar (XLM-USD)
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Stellar (XLM USD) is a crypto product used in the payment sector. The company fills a critical gap in the cross-border payments space by leveraging relationships with retail customers, banks and neighboring financial institutions.
Although Stellar operates in a competitive market, the end market is on the rise Growth of 11.8% by 2028, giving it top-down momentum. Additionally, due to its open source network, Stellar has a novel concept that allows anyone to build on and develop their network. Additionally, Stellar allows the exchange of almost all currencies, including fiat currencies, meaning it is unrestricted.
Binance Stellar thinks will reach 17 cents by 2030, which is slightly above the current price of 13 cents. However, I believe this coin could surprise many market participants and deliver excess returns with little risk.
At the time of publication, Steve Booyens did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.