These cryptocurrencies will improve your investment portfolio.
2021 is half done and cryptocurrencies are still hyped. This trend is shaping the world and the crypto market is also recovering from consecutive dips. In the month of July, cryptocurrencies are only going to grow stronger and this is the right time for you to make cryptocurrency investments. If you have concerns about crypto investments, read this guide and watch out for these five cryptocurrencies that are expected to give high results.
Ethereum is the network that powers many cryptocurrencies, including its own native coin, Ether. According to market experts like The Economy Forecast Agency, Ether’s value will reach US$2769 by the end of July. Second to Bitcoin in market value (US$204 billion at the time of writing), anticipated launches like Ethereum 2.0 are keeping investors on their toes as it holds the potential to create a significant impact on the crypto market.
Cardano can help investors reap benefits in the long term. This cryptocurrency holds the capacity to withstand market volatility better than many other cryptocurrencies. With many new improvements and developments, IOHK announced a new initiative supporting Cardano called the Alonzo hard fork, which will leverage the smart contracts feature on Cardano’s blockchain.
Polkadot aims to transform the cryptocurrency market by decentralizing the internet. This ambitious project holds a lot of potentials as it can make the internet a safer and private place for everyone. Polkadot has three main features which are contributing to its rapid growth – security, speed, and governance. The fact that Polkadot’s blockchain is easily scalable globally is another added advantage.
4. Bitcoin Cash
Bitcoin Cash stemmed out of Bitcoin to leverage its blockchain network. The transactions with Bitcoin were getting slower and expensive as its blocks couldn’t handle the influx of data. To find a solution to this issue, developers created Bitcoin Cash, which now has faster speeds than Bitcoin and lowers transaction fees. While the price of Bitcoin Cash has not reached the peak like Bitcoin, it soon will and experts suggest a bull wave in the near future.
Tether created a lot of headlines, becoming a top cryptocurrency in a short span of time. Tether is a stable coin, which means its value is pegged to a fiat currency, the US dollar or Euro. This means, when an investor buys Tether, he or she is assured of the value of one dollar or one pound. This makes Tether the most low-risk investment option.
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