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What cryptocurrencies should you buy for strong growth?

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What cryptocurrencies should you buy for strong growth?

Over the past year, Bitcoin has risen in price by 400%, Ethereum – by 800%. But there are still coins on the market that you can earn. In this article, we will tell you about the most successful tokens for investment in our opinion at the moment.

The cryptocurrency market has shown significant growth over the past year. The bitcoin rate has increased by more than 400%, to $ 41 thousand. Ethereum has risen in price even more – by almost 800%, now the altcoin costs $ 1.25 thousand. Similar dynamics were shown by most of the leading coins in terms of capitalization, but not all. Among them, there are those that have slightly risen in price over the past 12 months.

For example, the Tron token (TRX) has only grown by 120% since the beginning of 2020. Fork Bitcoin Cash (BCH) for the same period added 85%. Ethereum Classic (ETC) has risen in price by 43% over the past 12 months, and the EOS token has risen in price by 15%.

What happened to altcoins after the rally in 2017?

In 2017, during the previous record rally, many altcoins began to skyrocket after bitcoin first reached $ 20,000 in December. After that, the XRP token rose 450% over several weeks, reaching $ 3.8 by the beginning of January. At the same time, the price of the Tron token rose 700% to $ 0.3.

Bitxmi analysts believe that this time altcoins can also show significant growth. In the case of many assets, the best moment to buy has been missed. However, most of the altcoins are still not that expensive to invest in.

“The maximum growth of altcoins will begin after the bitcoin rally comes to an end, and the price of the asset ceases to demonstrate active dynamics. With a high probability, after the confident passing of the BTC mark of $ 40 thousand, we will see impressive growth in altcoins. “

What altcoins should you pay attention to?

We have highlighted a few coins that investors should take a closer look at. First of all, it is worth considering coins that have mobile applications with the ability to issue bank cards tied to a crypto wallet. For example, the Crypto.com project has all of the above capabilities, and the price of its token has been significantly adjusted recently.

Bitxmi experts also recommend taking a closer look at the token of our crypto exchange bitxmi.com – BXMI. At the time of BXMI’s launch on July 28, 2020, it cost $ 0.1. In less than half a year, the price has risen 110% and is now trading at $ 0.21. Since mid-December, the coin has been showing steady growth and the entry price is not yet high. Read more about BXMI token here

It is also worth paying attention to the WAVES project. Now the token is at a comfortable price level for buying and may have the potential for further growth. The yEarn Finance (YFI) DeFi platform token has good speculative potential. But it’s worth looking at it after the next correction.

Investment leaders

The investment leaders are now Bitcoin and Ether. There is little doubt about the further growth of these assets, experts say. These coins are chosen by conservative investors and defensive asset advocates. Institutional demand is supported by BTC, and it is unlikely that big capital will start selling coin stocks anytime soon, according to Bitxmi experts.

Read actual crypto news and forecasts every day on https://news.bitxmi.com/

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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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