18 BEST CRYPTO CURRENCIES
18 Best crypto Currencies to Invest in 2024 and Become a Millionaire
In the world of cryptocurrency, the buzz and chatter can be overwhelming, making it challenging to sift through and uncover the truth.
But imagine if there were a method to navigate through this chaos and reveal the keys to enhancing your cryptocurrency portfolio. This approach would rely on data, guiding you along a precise route to financial gains.
We’re drawn to alpha, constantly in pursuit of it.
Yet, let’s be realistic: alpha is often elusive, difficult to replicate, and at times, merely a stroke of luck that propels a cryptocurrency to success.
In the cryptocurrency sphere, it’s the “beta” strategies that offer more reliable returns. Beta assets move in sync with major cryptocurrencies but with heightened volatility and the potential for significant gains.
Through meticulous quantitative analysis, we’ve identified the top “beta” assets for leading cryptocurrencies like Bitcoin, Ethereum, and Solana. These beta coins are high-risk, high-reward investments that could outshine the market leaders during bullish trends.
As long as the market remains bullish, this proven strategy will generate profits for you.
Why?
Various studies highlight the inefficiency of the cryptocurrency market, which is often driven by irrational behavior. Participants in the market also tend to exhibit a high degree of herding behavior.
The primary objective for all participants is to witness an increase in numbers.
Furthermore, the structure of the crypto economy typically pairs liquidity with the gas asset (e.g., SOL-WIF, ETH-SNX liquidity pools). Consequently, under similar conditions, movements in main assets automatically trigger corresponding movements in secondary assets.
This results in an extreme consensus in price behavior, where everything rises and falls simultaneously.
In essence, the dominance of the beta coefficient is evident here, while the alpha coefficient is nearly negligible. It’s uncommon to see an asset soaring if BTC experiences a downturn, as everything moves in unison.
What does this mean for you?
You have the opportunity to significantly boost your investment returns by accurately identifying positively correlated betas greater than 1. For instance, if you’re optimistic about SOL and anticipate a 3x increase, the SOL betas are likely to yield even higher returns than the 3x. It’s essential to note that the opposite holds true as well: if SOL experiences a 30% decline, the betas will follow suit and likely incur greater losses.
So, how can you leverage betas to your advantage?
It’s quite straightforward. Ideally, you should hold betas with larger coefficients during upward trends and steer clear of them during downward trends. The higher the coefficient, the more significant the movements, both upwards and downwards.
But how do you identify betas with the highest coefficients?
Through quantitative analysis.
While some may argue that beta assets are simply a matter of common sense, based on phrases like “LINK is a beta for ETH, KWENTA is a beta for SNX,” relying solely on intuition isn’t sufficient. Sometimes, what appears to be common sense lacks empirical evidence.
For example, we initially believed that KWENTA was a beta play for SNX because it serves as a front-end for Synthetix. However, upon delving into the price actions of both KWENTA and SNX using historical data, we discovered that KWENTA doesn’t behave as a beta for SNX.
Furthermore, even if your intuition is correct, it won’t necessarily assist in pinpointing and identifying the beta with the highest coefficients for the greatest potential return.
Therefore, quantitative analysis is indispensable.
Data provides an objective view of reality. At Cryptonary, we value data, conducting quantitative analyses to identify beta assets for BTC, ETH, and SOL.
But before we delve into listing the betas, let’s provide a brief introduction to the terminology.
Quick terminology
Beta coefficient: Think of it as a multiplier, illustrating the potential return you could receive from investing in a beta asset compared to the main asset. For instance, if the beta coefficient is 2 and the main asset moves by 10%, the beta asset could potentially move by 20%.
P-value: Put simply, it represents the probability that the relationship between two assets is solely due to randomness or chance. Therefore, when testing a hypothesis, a lower p-value is desirable.
Typically, a p-value of 0.05 is considered to provide “sufficient” evidence that the relationship is not random. However, the lower the value, the stronger the evidence.
R-squared (R² or coefficient of determination): This metric indicates the extent to which the variance of the dependent variable is “explained” by the independent variable. In our context, it reflects how much of a beta asset’s price is influenced by the main asset’s price.
A value ranging between 0.2 and 0.3 is deemed satisfactory in social sciences, where researchers often seek directional relationships (e.g., the influence of education on income, gender on risk-taking, etc.). In exact sciences, R-squared tends to approach 1 due to the necessity for precision.
Although a higher R-squared value is desirable, our focus is on directional movement. Thus, we adhere to social science standards where values between 0.2 and 0.3 are common. Anything exceeding this range should be considered above average.
Our concern isn’t about predicting WIF’s precise value, such as whether it will reach $9.99 or $10.1 when SOL hits $500. Instead, we aim for WIF’s price to move in the same direction as SOL but with greater intensity. That suffices for our purposes.
We trust that the above explanations haven’t been too taxing as we approach the most captivating segment:
Now I will provide the list of coins for those who have paid
Now we have 18 beta crypto you can buy base on our research.
But we will give you just 5 here and if you want the complete list you can inbox me
It will cost you $100 (54,000 xfa) ( but negotiable for a few people)
Free list of 5 betas select from Bitcoin, Ethereum, Solana and memecoins beta’s
(A).. Sol’s beta to Buy
1..Jupiter ( JUP )
( B) BTC beta to buy
2.. ORDI
(C) ETH beta to buy..
3… PENDLE
4.. Optimism ( OP)
(D) Best Memecoins to buy
5… POPCAT