3 Best Cryptocurrencies to Buy When Bitcoin Hits All-Time High With Up to 100x Potential!
ETH
Despite recent volatility, investors shouldn’t panic over Ethereum (ETH-USD). The coin has seen similar declines as Bitcoin in recent weeks. Currently, the coin is trading below its 50-day and 20-day moving averages, with support at $3,100 crucial to avoid a drop to $2,900. Some see this drop as a buying opportunity in anticipation of a US spot Ethereum ETF approval.
Ethereum recently planned its first hackathon, “Attackathon,” with a $2 million prize pool and the goal of conducting the largest crowdsourced security audit of its kind.
BCH
Bitcoin Cash (BCH-USD) is effectively a derivative of Bitcoin, designed to be an electronic peer-to-peer cash system designed to become a global currency. In many ways, this project can be considered Bitcoin in terms of the number of people who initially saw the coin.
With a larger block size and lower fees (as well as greater security) than Bitcoin, Bitcoin Cash is often viewed as the true transactional cryptocurrency. This fact alone should not be overlooked for investors who are looking for a real reason “why” to own any particular coin.
LTC
Litecoin (LTC-USD) was launched in October 2011 by Charles Lee as a derivative of Bitcoin’s open source code.
It became a faster block generation option using the Scrypt algorithm. In addition, Litecoin also aims to improve on Bitcoin’s model by providing a more decentralized global payment system for small transactions.
The price of Litecoin has formed a falling wedge with a trendline connecting the various swing highs and lows. On July 3, Litecoin encountered resistance near the upper boundary of the trendline (about $77.33), which led to a 19.43% drop in the next two days.
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