The cryptocurrency market opens a risky door for investors who want to make “high” profits on investment. Analyst Andrew MacGill shared his selection of the top 3 altcoins for the year that will meet these expectations. Take a look at the analyst’s expectations, keeping in mind that estimates are not precise.
3 altcoins with high potential this year
Ethereum (ETH)
Ethereum is not as old a cryptocurrency as Bitcoin. However, it cannot be said that it is one of the young projects on the market. Ethereum has a neat trick behind it that sets it apart from other projects. Ethereum does not have an unlimited supply like other cryptocurrencies. Since there is an upper limit to the supply of ETH, its value is expected to increase as demand increases and supply remains constant. If you are a patient investor, you will reap the benefits of investing in Ethereum. One downside to owning Ethereum is that it can take a little longer to transact than Bitcoin, as it uses a stripe for transactions.
Ethereum is currently trading at $1,556.65. It peaked at $4,891.70 in November of last year. Another reason why the leading altcoin is on the list is the merge rise. As Kriptokoin.com, we have covered everything about merge in this article.
Binance Coin (BNB)
With its new name, BNB Coin joined the crypto world in 2021. It quickly went from $38 to $638 in just three months. It’s safe to say that early investors are getting nice ROIs. Following this trend, the coin continued its steady growth despite upgrades that disabled systems for days. If you want a cryptocurrency that is almost guaranteed to return profits, Binance Coin is your best bet, according to the analyst.
BNB is currently trading at $278.12. After peaking at $690.93 in the 2021 bull, it has lost 70% of its value. BNB is backed by the world’s largest cryptocurrency exchange, Binance. BNB coin is used in the transactions of the stock market, which has a billion volume.
Cardano (ADA)
Cardano has made a place for itself in the crypto world by keeping its technology up to date. ADA has earned a reputation as one of the fastest growing cryptocurrencies in the industry. Cardano has the potential to be an important asset in your investment portfolio as it takes steps towards creating a decentralized application that can be accessed from multiple devices and locations. This will make access and transactions much faster and safer for users.
Cardano is currently trading at $0.4963, up 5% from the last 24 hours. Just like Ethereum, Cardano will complete a significant rise in September. We have covered the history and details for Vasil hard fork in this article.
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