Ripple’s XRP, Litecoin (LTC), And Stellar (XLM) Have The Highest Potential For Profit
Everyone who is already involved in the crypto space knows that finding the best choice for investing in crypto in the long term can be the most overwhelming process.
If you need an asset class that can provide a massive profit potential, there are three options that you have at the moment, according to the online publication Smartereum. These are LTC, XLM, and XRP.
The online magazine also makes sure to highlight the importance of Bitcoin (BTC)’s movement’s vital role in the price of the other digital assets.
It’s already a known fact that some of the coins are moving directly with BTC and others follow the trend when there are bulls involved and capitulation events which can be caused by lop liquidity.
Bitcoin Economics analyzes the crypto market
The online publication mentioned above notes that Bitcoin Economics just analyzed the crypto market on Twitter, and the conclusions involve some pretty impressive elements.
It’s been reported that the user tried to check the top altcoins in the market in order to see which ones have the highest profit potential.
“While most tokens, including Ethereum, DASH, and Monero, move in correlation with BTC, three virtual coins stood out. These token trades yielded the largest profit potential, and they include Litecoin, XRP, and Stellar,” Smartereum writes.
The user reportedly likened BTC, XLM, and XRP to pump and dump coins, according to the same publication, and described them as cryptos with long periods of accumulation and spikes.
This reportedly means that they definitely have excellent potential for profit.
The online publication made sure to highlight a vital thing: they say that excellent profit potential doesn’t also mean that these are safe investments as well.
The crypto market is not doing so great these days following the massive fall of BTC.
But, on the other hand, most digital assets are trading in the green at the moment of writing this article.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.