The cryptocurrencies market is extensive. There are approximately 5,266 digital coins, and not all of them are very profitable, especially in the light of the global crisis caused by the coronavirus. Most of the cryptos fluctuated strongly during the last weeks, while some of them suffering significant losses. Bitcoin fell sharply several times, until managing to rise moderately, but it’s still far from the 2020’s high record of $10,500.
However, some traders saw the Bitcoin’s fall as a chance to buy the crypto. While it still remains low, experts believe that Bitcoin will rebound soon. It still stays the number one choice for investment. But analysts also recommend several other cryptos due to their latest movements.
Ethereum was last trading near the starting point of the $125.00-$131.59 range. But analysts think that crypto will increase soon. It stays among the more profitable digital coins.
Furthermore, Ethereum experienced an almost 100 percent appreciation from December 18, 2018, to February 6, 2020. The crypto rose from $115.95 up to $220.81 per coin within that period.
Ripple was initially created as a payment alternative to banks and other large financial institutions. Currently, the crypto is trading between $0.16640-$0.18019. However, experts are predicting a bull run to $0.21608 if the price moves above $0.17468.
Several banking institutions worldwide have chosen to utilize Ripple’s innovative blockchain technology, as it proved to be a reliable payment method. The crypto has good potential to gain more.
Tron was created in 2017, but it proved very profitable so far. Quickly attracting many cryptocurrency investors, its price increased from 1 cent to 6 cents over the first three months.
Since then, Tron amassed an impressive market cap, ranking among the top 15 cryptocurrencies in the world. The crypto’s price reached $0.0119 recently. It last traded at $0.011. However, analysts expect it to rise again.
- Trading Instrument