In Which Altcoins to Invest in May

Margo

Margo

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Jun 15, 2018
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A quick glance at Coinmarketcap is enough to say: cryptocurrency volumes and capitalization are very independent parameters. Ratings for capitalization and volumes do not match.

Leaders of trading volumes in addition to Bitcoin (BTC) are Ethereum (ETH), Lightcoin (LTC), EOS (EOS) and Bitcoin Cash (BCH). Only these four Altcoins, not counting Tether Stablecoin (USDT), have daily volumes in excess of $ 1 billion, and ETH — by a large margin: more than 6 billion. For comparison, Binance Coin (BNB) trading volume is much lower than LTC.

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What conclusions can be drawn from these figures? First of all, one thing is clear: these currencies are very popular among traders. There is a game around them. It does not guarantee the growth of currencies, but all things being equal it works as an asset plus. These assets are definitely worth having in the portfolio, but we will discuss their position in more detail.

Ethereum


Ethereum (ETH / USD) has been taking second place in the rating of both capitalization and trading volumes for a long time (except for a short period this winter). ETH is a currency that slipped disproportionately in the summer and autumn of 2018, and there is a reason to consider it undervalued. The reason for the underestimation is all the more clear: the abundance of dishonest ICOs based on ETH. Now their number has decreased, and, perhaps, in the foreseeable future, ETH will not only catch up with BTC in terms of growth rate but also surpass it.

This post has been published first on on HYIP.com - Online Investment Watch Blog.

 
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