The crypto market is on a rebound, and in coming weeks, there are cryptos that are likely to perform quite well. To help you make the most of your investments, and reap big as the crypto market rebounds, here are a few cryptos that are worth considering in coming weeks.
- Ethereum Classic (ETC)
Ethereum classic is performing quite well at the moment, due to the upcoming Coinbase listing. This is likely to continue to push ETC up especially now that the entire market is on a rebound. On top of that, Ethereum classic has some more good news coming up on its Q3 roadmap. On this basis, Ethereum classic is likely to outperform the market by a huge margin in coming weeks.
- Zilliqa (ZIL)
Zilliqa is a next generation platform blockchain that outperforms all other platform blockchains on multiple fronts. For instance, it has some of the fastest transaction speeds in the market, and unmatched scalability potential. These are the fundamentals that have pushed Zilliqa up to this point. They also make it one of the most undervalued cryptos in the market today. With the increase in market volumes, Zilliqa is likely to gain more traction than the rest of the market. There are very few cryptos with its fundamentals that are valued at the low price that Zilliqa is trading at today. Zilliqa is already up by about 5% in the last 24 hours, and is likely to maintain this momentum as long as money is flowing into crypto.
- ICON (ICX)
ICON (ICX) has not performed so well in the recent past. That’s largely because the market has been performing badly, in the last few weeks. However, ICON (ICX) is poised to grow significantly after South Korea announced some weeks ago that they will be legalizing ICOs. This places ICON (ICX) in a very unique position, since an explosion of ICOs in South Korea would see a good portion of them, launch on the ICON (ICX) blockchain. This will see it rise in value, faster than the rest of the market.
- Tron (TRX)
At the moment, Tron (TRX) is trading at over a loss of 60% from its all-time highs. This is mainly due to the drop in the entire market. However, during this market drop, Tron (TRX) has launched a main net, and is in the process of electing super representatives. Tron (TRX) has also been listed in several big exchanges. Now that the market has rebound, the value of Tron (TRX) is guaranteed to rise, and will be supported by the increased volumes on major exchanges, and the never ending good news coming out of the Tron network.
- Binance coin (BNB)
Binance coin has performed quite well in the last 6 months, and has doubled in value since February. This crypto is mainly supported by the growing importance of the Binance exchange in crypto space. As long as bitcoin is not strong enough that is trading above $10,000, Binance coin will continue to perform well, since it is now viewed by many as a stable growth coin.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.