Cryptocurrency has become the future of payment systems. The investment industry is opening various options to make payments and easy transactions.
Since then the industry has made huge developments and progressed fairly well. The investment industry has been able to generate a market capitalization of more than $3 trillion. Today, there are more than 14k+ cryptos in the market. If you are interested in trading Bitcoin, you may customize your trading strategies at http://bitcodes-ai.com/.
Market performance of cryptocurrencies
The interesting fact about kryptos is their value. Similar to stocks and other assets, the prices of cryptos keep fluctuating. Indeed, this has been highlighted as one of the major risks of cryptos. There is a huge volume of price volatility associated with crypto investments. Also, given the market volume, there are varying crypto tokens in the market. Popular tokens like Bitcoin, and Ethereum have become pricey. The prices of these tokens grew along with their popularity. Many early investors in Bitcoin have been able to generate more than 800% return on investment.
Similarly, some tokens are not pricey but have been able to perform fairly well. A few examples here include Solana, Dogecoin, Polka, etc.
These tokens are not overly priced but investors have been able to generate profits. Such cryptos enable you to invest at reduced risks and also make way for generating profits. Also, the investment is long term making it lucrative in its real sense.
Despite the number of benefits, there has been a huge outcry in the performance market. Many tokens have succumbed to the ongoing crypto crash. Popular tokens have rallied to an all-time low, raising questions about cryptos again. Another way of looking at the market condition is to have a positive approach. Many tokens that were earlier labelled pricey are now affordable. Investors can use this opportunity to invest in their interesting tokens. The market recovery that happens over time will help investors gain. In the current situation, you could explore both high and low-priced cryptos.
Let us take a look at three low-lying cryptos that can shake the market in the coming years.
Binance Coin (BNB)
There is no doubt that BNB has also fallen prey to market pressure. However, the good news here is the recent technical advances undertaken on this network. The network upgrades on this platform will enable BNB to emerge as one of the best bets. Amongst various upgrades, BNB has gone through the zkBNB test. With this upgrade in place, the network will be able to handle more than 10k transactions per second. Also, the network can hold details of more than 100 million addresses. Considering the ability to scale up, this change is a massive milestone in the crypto industry. Not only in the current month but investing in BNB will give you a good return in the coming years as well.
Ergo (ERG)
This particular token gained attention after Cardano’s founder gave his advice about it. The token is looking for a possible merge with the Ethereum network. Hoskinson pointed out that this merger could eventually work to Ethereum’s advantage. It is also worth noting that Hoskinson is a strong voice in the crypto market. And we are aware that crypto prices increase for various reasons. Hence, his opinion is a strong input that will eventually impact Ergo’s growth charts. This token is worth investing in in the coming months to receive decent returns on it.
Polkadot (DOT)
Polka is not a new token altogether. The token has been in the industry for quite some time now. It has also gained attention for being one of the strongest currencies in the market. With no significant upgrade, the token has been performing low in the market. In the current market condition, the token is traded at $7 per token. It is also gaining certain upside momentum making it a strong token to watch out for. This is also an indication that investors are moving away from the bearish market trend. With the market improving, Polka will showcase significant improvements in its performance.
There is no doubt that the market is on its way to recovery. Many tokens have been gaining an advantage over their prices showing recovery.
