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What altcoins to invest in after bitcoin grows?

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Altcoins to invest

What altcoins to invest in after bitcoin grows?

Altcoins to invest in after bitcoin grows. Over the past three days, bitcoin has grown by 14%, to $ 37.6 thousand. The cryptocurrency reached a local peak of $ 40.5 thousand on July 26. Against the background of the growth of bitcoin, altcoins are also becoming more expensive: Ethereum grew by 7%, while Binance Coin and Cardano added 6% each.

On July 26, the value of the main cryptocurrency reached a local maximum of around $ 40.5 thousand. BitXmi experts named the tokens that currently look the most attractive for buying in the context of the current local trend of bitcoin growth.

Among the most promising tokens at the moment, BitXmi experts identified Chainlink, Polkadot, Solana, ICP, and ATOM. These coins are primarily aimed at the openness and transparency of blockchains and the empowerment of decentralized services.

Ethereum

In the medium term, Ethereum can show good profitability, experts are sure. They predict that the largest altcoin in terms of capitalization could grow to $ 8,000 within a year.

XRP

The XRP token remains an undervalued asset due to problems with the American regulator, experts say. According to them, XRP is an asset that can show good results in the medium term if the conflict between Ripple, the issuing company of XRP, and the US Securities and Exchange Commission is resolved. The financial regulator accused Ripple of selling $ 1.3 billion in unregistered securities under the guise of XRP tokens in December 2020.

Ethereum Classic

Against the background of the growth of bitcoin, it is also worth paying attention to Ethereum Classic. If the value of the coin in the near future exceeds $ 59, then it is worth opening a long position, experts advise. On July 27, Ethereum Classic costs $ 48.1.

Litecoin 

Litecoin also looks promising, as it made a strong move along with the market to the $ 140 mark. Experts also predicted that in the short term, Litecoin quotes may fall to $ 132 as a result of a correction, but after that, there will be an increase to the nearest resistance zone, which is at $ 145-148.

Cardano 

Also, pay attention to Cardano. The coin managed to stay above the support zone. This means that if the level of $ 1.37 is broken, the quotes will begin to move to the level of $ 1.58, experts add.

At the current levels, the DeFi sector remains attractive for investment, since many of its tokens have fallen in price to minimum values, but at the same time, they have not lost the fundamental grounds for further appreciation and growth in the capitalization of the entire sector.

Experts highlight Uniswap, AAVE, LINK, and CAKE. These and less capitalized tokens could be profitable given the “low base” effect that has been observed since the market crash in May. In mid-May, the cost of bitcoin per day decreased by 33% and reached $ 30 thousand. On July 27, the main cryptocurrency is traded at $ 38.6 thousand.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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