The cryptocurrencies market is unpredictable and volatile. It’s hard to know beforehand which cryptos will hit the high and which ones will collapse. And there is an abundance of digital coins on the market, with approximately 5,266 cryptos available presently.
It seems the coronavirus outbreak and global crises influenced the cryptocurrencies along with the stocks and equities. Most of the cryptos fluctuated strongly during the last weeks, with some of them suffering significant losses.
Bitcoin collapsed several times, until managing to rise moderately, but it’s far from the 2020’s high record of $10,500. Despite its fall, Bitcoin still stays investors’ first choice for investment. And experts are positive that it recovers soon. However, they also advise investing in Ethereum, Ripple, and Tron during the crisis.
Ethereum is considered as one of the most profitable digital coins. The crypto experienced an almost 100 percent appreciation from December 18, 2018, to February 6, 2020, rising from $115.95 up to $220.81 per coin within that period.
Ethereum was last trading near the starting point of the $125.00-$131.59 range. But analysts think that crypto will gain soon.
Ripple’s XRP is currently trading between $0.16640-$0.18019. The crypto was initially created as a payment alternative to banks and other large financial institutions.
Several banking institutions worldwide utilized Ripple’s innovative blockchain technology, as it proved to be a reliable payment method.
Furthermore, crypto has good potential to gain more. Experts predict a bull run to $0.21608 if the Ripple’s price moves above $0.17468.
Tron also proved very profitable so far. It quickly attracted many cryptocurrency investors, and its price increased from 1 cent to 6 cents over the first three months.
The crypto’s price reached $0.0119 recently. It last traded at $0.011. But analysts expect it to rise again. Tron also amassed an impressive market cap, ranking among the top 15 cryptocurrencies in the world.
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