Nine of the best cryptocurrencies on the market. Which altcoins you can earn

 

In addition to bitcoin in the digital money market, there are several options for investing in order to earn money in the long term

How do you define a project that should be invested in?

There are a couple of simple indicators that can give an idea of the seriousness and potential of each cryptocurrency:

Its market capitalization,i.e. the position in which it is located, and the share of the coin in the total market value of cryptocurrencies;

A community of followers and developers. When cryptocurrency has a large and developed community, it often speaks of good project prospects;

News Agenda:Successful projects will interact with the media, and thus increase the credit of trust in their cryptocurrency;

Expert analysis of the leading economic portals dedicated to cryptocurrency.

Top 5 cryptocurrencies that deserve to be in every crypto-investor's portfolio

No long-term bull market can be with a single leader. There are periodic changes when the leader enters the correction and others take the initiative. This rotation is currently taking place in the cryptocurrency markets: ETH and XRP lead, while BTC slows down the movement.

Ethereum (ETH)

Market capitalization:$68 million

Technology: ETH is the cryptocurrency on which Ethereum operates. It is a decentralized software platform that allows you to create and run smart contracts and decentralized applications (DApps). Ethereum is not just a platform, but also a programming language completed by Turing.

News analysis:

The Ethereum 2.0 deposit contract now contains 739,520 ETH ($424 million) with the required 524.288 ETH. This exceeds the threshold required to activate the Ethereum 2.0 update.

Ethereum creator Vitalik Buterin saidin his Twitter account that the system for running ETH 2.0 has exceeded the 50% mark. After that, the cost of ETH rose to $600.

The value of BTC locked in Ethereum exceeded $3 billion. According to DeFi Pulse, after reaching a record high of 175,000 BTC last week, the number of BTC blocked has fallen to 170,000.

Technical analysis:

On November 20, 2020, ETH rose to $489. On November 22, an attempt was made to stop the growth, but the bulls quickly leveled the threat. Both moving averages had a tilt upward, which indicated that the bulls were in complete control of the market.

According to an analysis by TradingView analyst Vince Prince, Ethereum has formed a preliminary upward wedge formation. According to the expert, now the market is ambiguous and both sharp falls and rapid ups are possible. Stabilization is likely to occur when ETH moves to a backup cluster marked in blue on the graph, where several supporting levels are combined. Ethereum has good potential to bounce inside this cluster and generate momentum from there, Prince predicted.

Growth outlook:

If you compare the news agenda and technical analysis, you can come to a common denominator: in the long run, ETH is the most promising cryptocurrency. The only downside is the high cost of commissions within the network, but this problem has to be solved in ETH 2.0.

Ripple (XRP)

Market capitalization: $30 billion

Technology: XRP is a centralized cryptocurrency created by Ripple Labs as a solution that allows banks and financial institutions to leverage blockchain technology to improve cross-border transaction systems. XRP operates on the RippleNet digital payments platform on top of a distributed registry database called XRP Ledger.

News agenda:

Ripple is looking for directors to work with central banks to create a digital currency;
New Ripple application to USPTO: PayString trademark;
For the day the XRP token rose by 60% and reached the maximum since May 2018.

Technical analysis:

In the last few days, XRP has proven to be one of the most effective among the largest in terms of capitalization of altcoins. There was a parabolic growth, as the bulls are fully in control of the price movement of the token, explained the analyst under the name CryptoNeko. He suggests that the coin can cross the threshold of $0.7 and in the long run continue to rise in value.

Growth prospects: Over the past month, the price of XRP has jumped by 91% when the digital asset caught the "momentum". The catalysts for strengthening XRP are the growth of the number of unique addresses, the buyback of tokens by Ripple and the possible launch of a new product.

Chainlink (LINK)

Market capitalization: $6 billion

Technology: Shainlink is a decentralized network that aims to connect smart contracts with real-world data.

Technical analysis:

Vince Prince points outthat LINK was traded within the ascending canal formation, where it formed an important triangle. Now the coin is fully formed with a breakthrough over the border and closed over the volatile green candle.

LINK has already retreated once back to the upper boundary, which is now being tested. The fact that LINK broke above the border gave the currency a good bullish pace, the analyst said. This structure provides good potential for further movement and makes LINK one of the most optimistic cryptocurrencies in the long run.

Growth prospects:

In terms of fundamental analysis, LINK is currently prone to a bull market wave, but in a short period of time it can be expected to fall: the news agenda is silent, and there are no updated reports on the implementation of the project on the platform. However, the trend indicates further growth. Link's controversial position is the basis for short-term speculation on the wave of rising asset values.

Litecoin

Market capitalization: $5 billion

Technology: Litecoin is based on the bitcoin protocol, but is distinguished by the hashing algorithm used, the rigid limitation, the time of the block transaction

News analysis:

Binance to add option contracts to Litecoin

Technical analysis:

According to TradingView analyst Vince Prince, Litecoin still has strong resistance levels on the two-hour chart, so the price may still fall. At the same time, Litecoin continues to bargain within the ascending channel formation. In addition, Litecoin has an important line of downward resistance, marked in black. This may indicate a future shift in the trend to a downward trend.

Vince Prince believes the final confirmation of the bearish fall will come when the LTC falls below the 35-EMA marked on the green chart, and the 55-EMA, marked in red, will close below the 35th EMA. This will be the final confirmation of further downward movement and an increase in bearish market share until support is found that can reverse this dynamic again, the analyst believes.

Growth prospects:

Globally, LTC is still in a more bullish state, so lowering the price could be an opportunity for successful investments. One of the reasons is the addition of optional contracts for The Lightcoin Of Binance crypto exchanges.

Bitcoin Cash (BCH)

Market capitalization: $6 billion

Technology: Bitcoin Cash is a peer-to-peer system designed to become reliable global money with fast payments, microcommissions, high privacy and high transaction capacity.

News analysis:

Bitcoin Cash Node wins hard fork;
Bitcoin Cash Analytics from RBC-Crypto

Technical analysis:

On November 21, Bitcoin Cash broke through the resistance at the level of $280. Cointelegraph analyst Rakesh Upadhai explained that on November 22, the Bears failed to keep lower levels. This suggests that "bulls" use price rollbacks for purchases. Both moving averages have a tilt upward, while RSI is in positive territory, which indicates market control by buyers.

Growth prospects:

Bitcoin Cash completely contrasts the news agenda with technical analysis. The coin has growth potential, but the split within the community slows down the process. BCH can be seen as a long-term investment because many investors believe that it is subject to the "BTC effect", that is, it is growing after the first cryptocurrency, but with a belated effect.

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Stellar (XLM)

Market capitalization: $3 billion

Technology: Stellar is an open source decentralized platform that brings together banks, payment systems and people. This platform has been designed to facilitate cross-border transactions to make them faster, cheaper and safer.

News analysis:

Center Consortium announces that USD Coin (USDC) will soon be available on the Stellar blockchain;
The upgrade to protocol 15 has been completed.

Technical analysis:

Analyst Anoinvest believesthat XLM is gaining good volumes and can be a profitable solution for the game in the market. The expert advises paying attention to BTC/XML trading rather than standardized fiat currency or USDT transactions, because XLM's "trend behavior" strongly resembles BTC.

Growth prospects:

XML tends to grow after XRP, so in the short term it can be considered for addition to the investment portfolio. After Stellar's top manager Justin Rice announced that On November 23, Stellar updated its protocol from version 13 to 15, the XLM price increased by 68%.

Cardano

Market capitalization: $5 billion

Technology: Cardano is a blockchain platform on the Proof-of-Stake algorithm, which is used mainly by agricultural companies to track fresh produce. It also allows you to store data in a hackable way, and retailers can stop counterfeit goods.

News analysis:

Cardano creator Charles Hoskinson announces plans to attract 1 billion users;
Update on financial contracts.

Technical analysis:

Vince Pearce's graph shows Cardano approaching a strong upward resistance line marked in red.

Probably, the value of the cryptocurrency will be adjusted before it continues to grow, the expert suggests. These rollbacks will continue until a support area is found. In this case, it is likely to be within the backup cluster marked in blue on the graph. It is important that the ADA rate does not fall below the cluster, because it can lead to a change in trend and the beginning of a downtrend.

Growth prospects:

Regardless of the optimistic view shown by the news and metrics of the ADA, according to the technical analysis of the cryptocurrency rate chart, a correction may begin in the near future. From the point of view of long-term investment, Cardano can be considered, but not the fact that it is worth opening orders during the current rally.

Eos

Market capitalization: $3 billion

Technology: EOS is a platform that allows developers to create decentralized applications. The aim of the project is to make it as easy as possible for programmers to master blockchain technology and make the network easier to use than its competitors.

News analysis:

Google Cloud has become a manufacturer of network blocks, joining the EOS blockchain community
Spielworks has created a platform of cryptocurrency rewards and loyalty on EOSIO

Technical analysis:

TradingView analyst under the name Marginbuu believesthat at the moment EOS overcomes important resistance. As soon as its price rises above $4, a parabolic increase to $10 will follow.

Growth prospects:

The EOS team actively supports its product. Thanks to the use of the DPoS consensus algorithm, the scalability of the project is at a high level. Using SegWit, TaPoS, DPoS, EOS strives to optimize all resources on the network and has a chance to capture a larger market share. With the further development of EOS, the value of the asset has the opportunity to continue to grow.

DASH

Market capitalization: $1 billion

Technology: DASH is an open source blockchain and cryptocurrency focused on providing a fast and cheap global network of decentralized payments.

News analysis:

U.S. Attorney General William Burr announced the release of a document titled "Cryptocurrency: Law Enforcement System." The publication, prepared by the Cyber-Digital Task Force of the Attorney General, discusses the basics of combating "emerging threats and problems of law enforcement related to the growing spread and use of cryptocurrency";
Dash representatives claim that Shapeshift incorrectly subdivides anonymous cryptocurrencies.

Technical analysis:

On a fundamental level, DASH is interesting because it is one of the oldest cryptocurrencies. It was launched in 2014. The token survived two protracted bear markets. This is important because each additional period of survival implies a longer life expectancy.

Dash returned to its 2015 original trend line for the third time in a year. This time, it's been a few weeks to build support for the support level.

Growth prospects:

DASH, unlike other projects, is one of the oldest cryptocurrencies, which is maintained to this day. The news background shows that regulators are constantly trying to "put sticks in the wheels" of the project because of its anonymity, but the developers continue to follow the plan. If at some point cryptocurrencies will be implemented in everyday life on a permanent basis, Dash has every chance to become one of the first.