What altcoins can you pay attention to?


Get real time updates directly on you device, subscribe now.

The correction that happened on January 11 in the cryptocurrency market made it possible to buy many coins cheaper by 20% or more. The bitcoin rate fell from $ 41 thousand to below $ 31 thousand, but then quickly recovered to $ 34 thousand. At the same time, Ethereum fell from $ 1350 to $ 915, now the coin costs $ 1102, writes RBC Crypto.

Trader and founder of Tradunity Dmitry Lavrov believes that you should invest in different assets. Now it makes sense to keep part of the capital in bitcoin, this is a reliable coin with good potential. The expert also called Ethereum a good option. From his point of view, the altcoin rate within a year may exceed its historical maximum of $ 1440 and grow to $ 2-3 thousand. However, for this it is important that BTC maintains an upward trend.

Lavrov also named the altcoins Polkadot (DOT), Stellar (XLM), EOS (EOS) and Tron (TRX) as interesting. The trader said that he keeps these assets in his portfolio, as in the long term they can give “good profit”. But it will also depend on the dynamics of bitcoin, he stressed.

The head of the Six Nines data center, Sergei Troshin, proposed other options. According to him, now cryptocurrencies are divided into two categories: non-anonymous and anonymous. The latter include Monero, Dash and ZCash, which have recently fallen in price due to statements by the SEC and the delisting of anonymous projects by exchanges. The expert believes that such coins have a chance for strong growth, but the risks cannot be denied.

“From a common sense point of view, non-anonymous altcoins are promising, and they have less risk from regulators. On the other hand, the public is rebelling against control. Here it is worth deciding which side the investor is on, and then choosing altcoins. Nobody knows what will shoot and, perhaps, Monero will suddenly turn out to be ten times more expensive, ”Troshin says.

He clarified that Ethereum is the main option among altcoins. It has an important feature – the availability of legal deliverable options and futures in the United States, trading in these instruments on ETH appeared in May on the ErisX exchange. Along with BTC, ETH is de facto recognized as a legal exchange commodity in the US, and it also enjoys interest from institutional investors, Troshin explained. This is probably why it was able to come close to the all-time high of $ 1,440, unlike most other leading altcoins. The expert also noted the coins Bitcoin Cash (BCH), Cardano (ADA) and XLM.

Max Krupyshev, CEO of Coinspaid, said that he does not consider altcoins to be good assets for investment in the current market situation. The focus is now on Bitcoin and Ethereum. Large investors have little interest in other coins.

“Altcoins may start to rise when the focus shifts from bitcoin. And this will happen after it becomes clear that Bitcoin’s powerful rally is over. I believe that you can think about buying other coins in late February or early March, ”Krupyshev suggested.

He cited several promising coins. First of all, this is Ethereum. The Chainlink token (LINK) is also interesting. It enjoys the confidence of investors, and even if its price decreases, there will be no complete depreciation, Krupyshev is sure. In addition to them, the expert recommended paying attention to the Cardano and Polkadot coins.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.