Crypto Portfolio Diversification Through Altcoins

Many of us are new to crypto: we’ve all heard of bitcoin but our interest now goes beyond FOMO and musing over the latest crypto crash. We are realizing that crypto currencies will become an integral and unstoppable part of the future of finance. What we are witnessing are the turbulent beginnings as crypto and de-fi go mainstream: talent flowing into the space, staggering sums being made overnight, new coins launched every day, regulatory authorities trying to catch up and of course the army of scammers around every corner…

Maybe you already follow some crypto YouTubers and have other good online sources, but it is difficult to know what and when to buy. You have heard the crypto mantra of ‘don’t invest more than you can afford to lose’ but it should also be clear that a diversified portfolio is the best approach. This should provide some overall stability as prices move up and down. In addition to some of the main (relatively) more stable large cap coins, you may consider some smaller cap start-up projects. These coins can be more volatile but can also offer potentially larger returns. You could consider a 3% — 5% allocation of your total crypto to a couple of these projects.

One such opportunity is the Million Token (MM). Created by TechLead, a prominent ex-Google, ex-Facebook YouTuber with a proven career in coding behind him. Each token has a minimum value of $1 backed by $1 million pledged to the token’s contract. The project was launched on July 1st this year. The rollercoaster has been in motion since with plenty of ups and downs typical of the crypto market, but what makes this project stand out is its public face, transparency and talented community.

It is and will always be a work in progress: an open community that anyone can join and contribute in their own way. There is the common goal of promoting the token and seeing its exposure and ultimately value increase. The social token will become what the community makes it and has an exciting future ahead of it. Although only 2 months old, there have already been impressive results such as the lion-themed NFT collection, bridges to the BSC, Polygon and Solana blockchains and a market cap of $240m reached within the first 2 weeks. It has also been labeled a scam, a pump and dump and a rug pull, but now the dust has begun to settle and as the price stabilizes after its initial euphoric phase, it is clear that Million Token is here to stay.

The community is a mixture of programmers, developers, digital artists, crypto analysts and enthusiasts all looking to collaborate and socialize. The core of the community is here for the long term. Bigger plans are in progress: further exchange listings, partnerships with other crypto projects and celebrity influencers. Awareness of Million Token is increasing each day.

It is certainly worth checking out the community and its projects on milliontoken.org, Discord, Twitter, Reddit and YouTube before considering an allocation to your portfolio with a medium term hold. Anyone can jump in and become a ‘Million Lion’. There is plenty of potential and much to learn about crypto along the way. There is no obligation to buy any tokens… but isn’t that part of the fun?

Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Million Token Community article written by: BK Tob

Join the social token revolution.

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