Wednesday, April 24, 2024

Looking forward to invest in Cryptocurrency Market? Do not miss out on these 5!

Cryptocurrency trading is always fun, isn’t it? The uncertain behavior of cryptocurrency market is stressful but the ones who survive it do enjoy the perks. One has to be very careful before investing into it. Every tom and dick cannot just jump in and expect desired results. Trends, behaviors, organizational set-ups must be followed very closely to obtain wanted outcomes. As we are approaching the end of year, here is the advice to analyze which cryptocurrency is the best to trade in:

  • Bitcoin and Ethereum retain the lead:

It may not be the best year for both of these cryptos but they remain the frontrunners by all means. Quick upsurge saw Bitcoin cross $11,000 about a month ago in the time span of mere 24 hours. It came back in the resistance area but encouraging trends are seen till now. Ethereum, though was unable to cross the resistance area but jumped over $191 in this week and shows that it can be the right cryptocurrency to invest in this very last quarter of 2019. Bitcoin still remains the biggest cryptocurrency trading market, and the most trusted among many users.

  • Ripple (XRP) shows promising trends:

Ripple is such a cryptocurrency which has shown the great composure and upward movements throughout this year. It even went onto snatch the second spot on CMC from Ethereum and connected with various financial institutions. Recent connections include signing a landmark deal with Money Gram and National Bank of Kuwait. It has shown real potential of investment and can be the one to change your fortunes in near future. So, you better not miss out on this.

Though, the fun fact revolving around Ripple is that if the 200 financial institutions do team up with XRP for international payments, the price of Ripple can boost of to $692. Mind-boggling? Unreal? But, remember, only certainty in cryptocurrency market is its uncertainty.

  • Cardano and IOTA – The emerging giants:

Cardano and IOTA, both are emerging out to be great alternatives to several other cryptocurrencies. Where Cardano is known for its scalability, smart contracts and interoperability, IOTA is known for its incredibly fast transactions at zero fees. The transactions can also be done offline. IOTA is a Block chain 3.0 project with an eye on a competitive future. Last year was a letdown for Cardano, but this year, slowly but surely shaping up well enough for their traders. Block chain technology is taking over the technology world and has surely got the potential. IOTA looks composed enough to take over the change in economy of Internet of Things (IoT).

So, both are looking to grow their markets and improve their services to gain more investments.

In short, their cost may not sound good enough to invest in, but trust me, it does not take long for cryptocurrencies to change the ways and produce bulgingly high outcomes.

  • Last but not the least – Binance Coin (BNB)

Binance, since its inception has made its mark in cryptocurrency trading. It has hugely influenced the cryptocurrency market. The main gateway to reach the top of the lot remains their market capitalization. Being the native coin of the biggest cryptocurrency exchange in the world, it speaks volumes. Weiss investment rating called it to be the next Bitcoin in making. Moreover, this year, in particular, it has mostly shown green trends. The end of year does not seem to be going too bad either. So, why wait? Let’s invest in BNB now before the well is dry. Among all discrepancies and uncertainties found in most cryptos, BNB can be considered the most consistent of all, mind a few hick ups in the past.

Monesh Kumar
Monesh Kumar
Monesh Kumar is a cryptocurrency and blockchain enthusiast. He trades cryptocurrencies and holds some but he prefers holding Bitcoin, Ethereum & Cardano.

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