The crypto market is filled with coins that can potentially explode in value. Even with the recent dip, this industry still has a lot of growth ahead of it.
And while most investors are worried about whether or not their portfolio will recover from the recent dip, there are still plenty of opportunities to get in on these cheap coins.
However, despite plenty of crypto news Australia, most people don’t know which coins are worth their attention and investment. The fact is there are a lot of exchanges out there that aren’t trustworthy and will disappear with your money at any moment.
That is why we have put together this list of 7 cryptos you should keep an eye on if you’re looking for great investment opportunities coming soon.
1. Ripple (XRP)
Many people don’t know that Ripple is one of the most successful coins out there and that it is worth over $13 billion.
It has a strong team of founders who are extremely dedicated to the company’s success. They have proven to be very committed to their cause and have created an excellent product.
2. Stellar (XLM)
Stellar (XLM) is a very popular coin and has been for a while. They work with cross-border payments as well and have partnered with the largest bank in Thailand and the 2nd largest bank in Brazil, to name a few.
3. Bitcoin
Bitcoin is perhaps the most famous coin and has proven to be a solid investment. Like the previous coins on this list, they also work with cross-border payments. They are extremely quick AND reliable and, as such, have proven to be a great solution.
There are many investors currently holding BTC, and there is a good chance that their value will increase in the near future.
4. EOS
EOS is another coin that has shown a lot of growth potential.EOS is a blockchain that has been designed for commercial and industrial use.
EOS has a fair amount of clients currently using its services, and it is likely that its user base will increase in the near future. EOS is another coin that has shown a good amount of growth potential, and it is likely that its value will rise in the following months.
5. Ethereum (ETH)
Ethereum is currently the 2nd largest coin by value and has proven itself to be a great investment. There are many banks and investors currently holding ETH, so if you want to invest in a coin that has proven itself and has strong potential for growth, ETH is a solid choice.
6. Litecoin (LTC)
Litecoin (LTC) is a fork of Bitcoin, meaning that they are very similar. It has proven to be a successful coin and is currently the 7th largest coin by value. This means that the user base will likely continue to increase in the future as people explore more options apart from BTC.
7. Neo
Neo is another decentralized blockchain network that has seen a huge increase in value recently. It is designed to help people create decentralized apps and programs. These decentralized applications are designed to be censorship-resistant and tamperproof.
NEO only has a coin supply of 100 million tokens, which are all in circulation, and has a total market value of $6 billion. It is the sixth largest coin by market value, and it has a trading volume of $500 million per day.
Final Words
There are plenty of cryptocurrency opportunities out there, meaning there’s no way to know exactly which coins will succeed or fail — unless you do your research.
But even with plenty of crypto news in Australia, veteran investors might not know everything about every cryptocurrency. You need to find the hidden gems that will shoot up in value over the coming months and years.
Hopefully, the coins listed above should be enough to help you know where to start.