U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

Top 7 Highly Dynamic Cryptocurrencies for High-Risk Investors

Cryptocurrency Trading
Thu, 06/20/2019 - 06:38
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • We've analyzed the performance of popular cryptocurrencies to come up with potentially strong investment options for high-risk investors

Cover image via 123rf.com
Contents

Picking the right cryptocurrency is extremely difficult in that mercurial industry. Bitcoin, the very first cryptocurrency would be the most obvious choice for risk-averse since it is less volatile than more than 2,000 altcoins that are listed on CoinMarketCap. Anyway, for those who don't want to stick to the most conventional crypto coin, there are plenty of other options. CryptoComes has picked the most profitable cryptocurrencies of 2019 (so far).

Binance Coin  

Binance Coin has so far shown the best results in 2019, which makes a terrific option for investors. BNB has become only the second coin to surpass its ATH that was recorded during the peak of December’s bull run.

It didn’t stop there – as of May 31, the coin already recorded a whopping 550 price increase, thus outperforming every other altcoin. That came after a slew of new developments in the Binance ecosystem. Mostly, the price was affected by transactional mining, the option which implies the eventual burning of tokens to support the demand growth.

With that being said, Binance’s recent announcement about barring the US customers from trading on the exchange didn’t bode well for the BNB token, which caused its recent dump. The thing is, BNB won’t be available on Binance’s US-centric exchange.

This essentially explains why the it-coin of 2019 has been steadily dumping as of recently.

Finally, according to the Bloomberg media outlet, it is the only coin that outperformed Bitcoin in 2019.

Litecoin

Litecoin, the silver to Bitcoin’s gold, was basically on life support back in December when its price plunged as low as $23. However, one of the oldest altcoins quickly started to pick up steam in 2019, recently outpacing every other cryptocurrency on the CoinMarketCap top 10 list.

Analysts predict that the upcoming halving event that is expected to take place this August has the potential to push the LTC price even higher. At that point, LTC surpassing its current ATH of $313 doesn’t seem that far-fetched.

Litecoin co-founder Charlie Lee recently voiced even more optimistic predictions, claiming that the price of his brainchild could hit eventually $1,000 during an interview with Bitcoin bull Anthony Pompliano.

Lee infamously sold his LTC bags at the peak of the bull market, drawing scathing accusations about a potential inside job, but now he regrets making this decision. Now Litecoin team is working on the implementation of MimbleWimble, the game-changing security protocol.

EOS

EOS, which is often called the Chinese Ethereum, is also among the best-performing cryptocurrencies of 2019 with more than 150 percent. At the time of writing, the price of EOS is sitting at $7.03.   

However, investors should be wary of a lackluster Q3 given that the cryptocurrency has been recently experienced a lot of negative coverage. For instance, the cryptocurrency rating agency recently downgraded its technical score due to centralization concerns.

On top of that, it recently turned out that the majority of EOS-based dApps are actually run bots.

Cardano

Cardano is just one step below the CMC 10, but the long-anticipated Shelly release will definitely push the price of Cardano higher. The update, which has been postponed numerous times, is important for the currency since it would make it completely decentralized.

In the long-term, this update is very significant since it will drive the era of decentralized internet that is driven by centralized corporations. This is why Cardano is placed among the most prominent Blockchain 3.0 projects.

While ADA suffered an immense drop during the bear market (approximately 97 percent), its performance in 2019 tells a completely different story. Its YTD returns have already surpassed 90 percent. In December 2019 Cardano launched its Shelley testnet which is a great development milestone and can result in price growth in 2020.

TRON

Tron, which currently occupies 12th place on CMC, has a lot of potential for investors despite being accused of copying the Ethereum white paper. Whether it’s a newfangled streaming platform or lunch with no one else but Warren Buffett, Tron CEO Justin Sun always has some marketing tricks up his sleeve to keep TRX afloat.

The ecosystem of Tron, which primarily consists of the BitTorrent token, pales in comparison to that of Ethereum. The Tron network is on the cusp of overtaking Ethereum by a total number of transactions.

The platform is still in the early stage of development, so there’s not much to say about its future price moves.

If the avocado-loving Tron CEO delivers on his promises and proves that his project is not just about marketing fluff, the ecosystem.

IOTA

IOTA is the only cryptocurrency on the list that gave investors comparatively modest returns (7 percent YTD). However, one should keep in mind that IOTA is all about long-term growth.

MIOTA, in fact, could be among the most undervalued cryptocurrencies. It boats unique technology (Tangle) that was developed by a team of top-notch developers, but it mostly remains under the radar (some major exchanges even failed to list IOTA).

The thing is, IOTA focuses on long-term and organic (!) success instead of forking huge listing fees.

IOTA has already had its moment after the Jaguar partnership. The ‘Coordicide’ update, which removed the centralized coordinator. However, the exact day when this update is going to be implemented is yet to reveal.

Bitcoin

No matter how good some altcoins performing, Bitcoin is still the king in the long-term. The cryptocurrency that started it all is considered to be the most profitable coin of all time with an eye-popping lead.

On June 17, the number one currency recorded yet another yearly high at $9,300, which easily places it among the most profitable coin of 2019. That comes after numerous bearish predictions.   

Altcoins come and go, but BTC has always been at the top, and so far no other coin managed to challenge it. Ethereum was the closest contender to flip Bitcoin during the peak of the ICO craze, but that never happened. Plus, there is nothing remarkable about Ether’s performance in 2014.  

Moreover, Bitcoin is considerably less volatile compared to other assets.

Large-caps, mid-caps, small-caps?

When it comes to forming your cryptocurrency investment portfolio, there are numerous strategies for coin picking.

Small-market cap coins are enticing for investors because they can generate great returns that unheard of whiting the CMC top 20. What if you find your crypto gem?

Well, what if... you invest in a scam project that has nothing apart from a white paper?

In its recent study, cryptocurrency research Delphi Digital has analyzed the performance of different market segments when it comes to capitalization. While investing in small coins was indeed more profitable during the beginning of 2019, the biggest coin started to gain on them in April and eventually took a huge lead in June when BTC skyrocketed to $9,000.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
COVID-19 Crisis Ruins Bitcoin's Q1, but Bulls Could Soon Have Massive Comeback

COVID-19 Crisis Ruins Bitcoin's Q1, but Bulls Could Soon Have Massive Comeback

Bitcoin Price Spikes to Nearly $7,000 on Kraken as Whales Transfer More Than $300 Mln Worth of BTC

Bitcoin Price Spikes to Nearly $7,000 on Kraken as Whales Transfer More Than $300 Mln Worth of BTC

Bitcoin (BTC) Price Prediction — Growth to $7,000 Remains Questionable

Bitcoin (BTC) Price Prediction — Growth to $7,000 Remains Questionable

2019 Tron (TRX) Price Analysis and Forecast for 2020 [Key Levels & Trends]

Cryptocurrency Trading
Wed, 09/25/2019 - 11:18
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

At first glance, cryptocurrency Tron doesn’t have the task of changing the world we know. But the idea of ​​TRX has enough interest to live — creating a decentralized environment in which users can make and host entertainment content. And, it would seem, the concept sounds twofold, but for almost 2 years now Tron has been living and developing. And what awaits the crypto next? Let's see!

TRX coin

The main coin of Tron — TRX, the total issue of which is 100 billion coins. At present, the capitalization of the altcoin is $2.2 billion. With this indicator, Tron takes the 12th place in the crypto market. More tokens will not be released, one and most of the existing ones are in the hands of Tron developers. This fact raises some doubts in crypto holders ranks. However, Tron has qualitative differences from many cryptocurrencies:

  • Scalability.

  • High bandwidth.

  • Availability.

  • Justin Sun.

On the last character, we should put special emphasis. Justin Sun is Tron’s founder and an important figure in the crypto investing world. It’s impossible not to note the marketing ability of Sun, who skillfully promotes Tron in all imaginable and unthinkable ways. We will talk about them separately.

In general, investing in Tron seems like a pretty promising path today. Consider historical price changes, analysis and the impact of other sources on the TRX rate.

Must Read
Biggest Cryptocurrency Ecosystems: Ethereum, Omni, Tron, and More - READ MORE

Historical changes in the price of Tron

Analysis and forecast of TRX price should start with a look at the historical data. Tron is a fairly young cryptocurrency, created at the end of 2017, and the network itself was launched only in the middle of 2018. Tron price in the background of all events changed as follows:

  1. At the time of creation, at the ICO stage, the price was $0.002.

  2. After the token release, the price rose to $0.05 in December 2017.

  3. The historical maximum was reached at the beginning of January 2018 and amounted to $0.25 for 1 Tron coin.

  4. After a while, the price dropped to a value of $0.03-0.04.

  5. In early May, after the network launch, the price soared to a mark of $0.08, followed by a prolonged fall.

  6. The minimal Tron price was fixed in December 2018, then the coin is worth $0.011.

Today, after two phases of growth, Tron is trading in the region of $0.033 for one TRX token. The growth of an investing crypto asset cannot be called explosive, but a positive movement is can be observed.

News background

In Tron’s case, the most important thing is playing the news background. Justin Sun is trying in every way to create hype around his brainchild. One of these steps is to purchase the right to dine with the investing legend — Warren Buffett. Sun gave $4.5 million for this opportunity. Even this news increased the price of his crypto.

Later in the summer of 2019, the SUN Network is scheduled to launch, news about which is already actively appearing in many sources. It’s worth noting also one of the latest popular news from Tron. TRX will become the official cryptocurrency to pay at IEOs on the Latoken platform, which should qualitatively affect the liquidity and Tron price.

Must Read
Justin Sun (Tron), Charlie Lee (LTC) and Binance's CZ – Who Will Kick Ass in Poker for Charity? - READ MORE

Tron analysis and forecast from experts

Tron, like many altcoins, is not explosively popular with experts. Forecasts and analyses collect hundreds, but not thousands of views. However, almost every day you can find interesting thoughts and forecasts about the future of Tron. Here are some of them.

The user Cryptotrader_123 believes that the TRX chart is bullish and predicts explosive growth after the pattern is completed. Following its trend line, growth will continue, but a correction is possible in the near future. However, step by step, Tron will take its own.

TRX price forecast by Cryptotrader_123
Image by TradingView

According to user the_booty analysis, investing in Tron can be good in marked areas. The user advises to open long positions and keep the crypto. To a greater extent, he predicts an increase in the price of Tron, but key levels in the situation with a fall are also noted.

Tron price analysis by the_booty
Image by TradingView

User SajjadMazroei built his analysis on triangles. In his opinion, a small one appears inside the bigger one. He predicts such developments in the coming months:

  1. If the small triangle is broken down, the price may drop to $0.026, but then recover to $0.031.

  2. If TRX breaks up, we can expect a price of $0.04.

  3. And if the movement is really strong, then it’s possible to conquer the height of $0.055.

Analysis of TRX charts by SajjadMazroei
Image by TradingView

We remind you that these are just opinions and you need to understand everything yourself.

Tron price forecast for 2020

We have our own thoughts and forecasts for Tron’s price for the second half of 2019. The technical characteristics of Tron are quite controversial. Oscillator analysis indicates the need to sell existing assets while moving averages indicate a strong buy. We believe that the truth is somewhere in the middle. Both price reduction and growth are possible.

Analysis of Tron price charts
Image by TradingView

We predict that the decisive factor will be the full launch of SUN Network, which is scheduled for August 10. The upgrade involves solving many problems with the scalability, bandwidth and protection level of dApps.

Analysis of the trend line shows that it is ascending, so you should not expect a noticeable decline in the price of Tron. Before the launch of SUN Network, the price is unlikely to surpass the $0.04 mark, but it’s not worth waiting for a fall below the $0.029 mark.

Any dramatic changes will be caused by the movement of Bitcoin and the mood in the crypto market. Tron isn’t an exception, it’s also dependent on the movements of BTC, like any other altcoin. With a positive scenario, it’s possible to predict that by the end of 2019 the price of TRX will reach $0.05. Growth beyond this mark is possible but unlikely. The bottom price is unlikely to be below $0.022, that is, in the worst case, roll back to the values of 2018.

Must Read
Tron’s Sun Network Kicks Off with Justin Sun Promising Unlimited Scaling Options - READ MORE

Conclusion

As an investing crypto asset, Tron seems pretty promising. The probability of losing money by investing in it is insignificant, but the altcoin may not bring much profit. We hope our forecast will help you make the right decision. Last piece of advice — follow the news around Tron, as it is the most important factor.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

Recommended articles
COVID-19 Crisis Ruins Bitcoin's Q1, but Bulls Could Soon Have Massive Comeback

COVID-19 Crisis Ruins Bitcoin's Q1, but Bulls Could Soon Have Massive Comeback

Bitcoin Price Spikes to Nearly $7,000 on Kraken as Whales Transfer More Than $300 Mln Worth of BTC

Bitcoin Price Spikes to Nearly $7,000 on Kraken as Whales Transfer More Than $300 Mln Worth of BTC

Bitcoin (BTC) Price Prediction — Growth to $7,000 Remains Questionable

Bitcoin (BTC) Price Prediction — Growth to $7,000 Remains Questionable