Top Crypto Coins: Despite the market crash and investor panic, “crypto” is not dead, as many have predicted. On the contrary, it is alive and kicking.
Retail investors as well as whales are rebalancing their portfolios to take advantage of the next bull run. In case you are also thinking the same, this list might help.
Top Crypto Coins to Keep an Eye On
1. Bitcoin (BTC)
The first ever cryptocurrency to exist, Bitcoin, is going through tough times as the market deals with the aftermath of the FTX-Alameda crisis, coupled with liquidity problems in several other crypto firms. Reports suggest that many crypto whales have dumped a considerable amount of BTC. As well, Bitcoin mining firms are under immense pressure to sell their holdings in order to cover their expenses. This has led to a strong bear cycle, causing the price of Bitcoin to fall further.
BTC is currently trading around $16,000, down from $20,000 in the last 30 days. If you can hodl Bitcoin until the next bull run, it’s a golden period for investment. Bitcoin is selling at a discount. It’s very likely that you will see a great ROI in the long run since the OG coin is limited in number and considered a store of value.
2. Chainlink (LINK)
You should be paying close attention to LINK, as it is trading around $6-7, which is near its 52-week low. There is a good chance that the price of Chainlink will surge once the bull market kicks in. This is also because the underlying infrastructure and the community behind the coin are alive and kicking.
Staking will be available for the altcoin starting December 6, according to Chainlink’s blog. Holders and operators of LINK token nodes will be rewarded for helping to improve the security of decentralised Oracle services.
The BNB coin has been gaining momentum in the market for the last several days. It is currently trading at $296, an increase of 8.99% in just 7 days. This remarkable market is going through a crisis. If this trend continues, BNB is expected to give good returns in the near future.
4. Ripple (XRP)
The price of XRP has also risen significantly. In just the last 7 days, it has seen a surge of 9.41%. XRP is currently trading near $0.416, up from $0.38 seven days ago.
Given that the Ripple court case is nearing its conclusion, analysts anticipate that the token’s price will rise in the coming months, and it is safe to say that it’s a good asset for investment.
5. Dogecoin (Doge)
DOGE is also in this race. Dogecoin’s price has surged by 25.21% in the last 30 days, which is substantial given the market situation. Currently, DOGE is trading at $0.0822. It is worth mentioning that this coin has gained 34.87% in the last 60 days and 29.19% in the last 90 days.
The future potential of this meme coin can’t be out-ruled, which makes it a good asset to take a position on.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.