Top Crypto Picks: Our 7 Day Predictions for the Hottest Cryptocurrencies
Cryptocurrencies have been making headlines for their volatile nature and unpredictable performance in the stock market. However, this is not deterring investors as they continue to pour money into cryptocurrencies with hopes of reaping considerable profits.
In a bid to capitalize on the popularity of cryptocurrencies, we have compiled a list of 7 hottest cryptocurrencies that have shown significant growth in recent times. Based on thorough research and analysis of these currencies, we bring you our 7-day predictions for the top crypto picks:
Bitcoin (BTC)
The first and most popular cryptocurrency in the world, Bitcoin, continues to dominate the market with a market cap of over $1 trillion. Despite the setbacks, Bitcoin faced in the past due to regulation issues and energy concerns, it has shown exceptional resilience and has bounced back stronger than ever. With its acceptance as a legitimate form of payment, its value is expected to rise further in the coming days.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency, has seen remarkable growth in the first half of 2021, thanks to the growing popularity of NFTs (Non-Fungible Tokens) that are built on the Ethereum blockchain. With the DeFi (Decentralized Finance) sector gaining momentum, Ethereum’s value is anticipated to grow further.
Binance Coin (BNB)
Binance Coin, the cryptocurrency of major cryptocurrency exchange, Binance has shown an impressive growth rate, rising by 1000% in 2021. With more people signing up for Binance to trade cryptocurrencies, the demand for BNB is predicted to increase in the coming days.
Ripple (XRP)
A recent settlement of the Ripple lawsuit with the Securities and Exchange Commission (SEC) allowed Ripple to bounce back in the market, with its price soaring by over 50% within a few days. With the expectation of more banks using its blockchain technology, the value of Ripple’s token, XRP, is expected to increase.
Cardano (ADA)
Cardano is a decentralized platform that provides smart contracts, similar to Ethereum. With its unique consensus algorithm, the Proof of Stake (PoS), the Cardano network will consume lesser energy and reduce transaction fees while providing scalability. With its improved infrastructure and technology, Cardano’s value is expected to rise in the future.
Polkadot (DOT)
Polkadot, a next-generation blockchain platform, has shown promising growth in 2021, hitting all-time highs and reaching a market cap of over $28 billion. With its new features like parachain and sharding bringing scalability and flexibility to the ecosystem, Polkadot’s value is expected to increase in the future.
Solana (SOL)
Solana is known for its high-speed blockchain, which can process over 65,000 transactions per second. Thanks to its low transaction fees, Solana is becoming an attractive option for users looking for an alternative to Ethereum. With the growing popularity of DeFi and NFTs, Solana is expected to gain more traction in the future.
Conclusion
In conclusion, these are just some of the hot picks among cryptocurrencies that have shown rapid growth lately. It’s important to remember that the cryptocurrency market is volatile and prediction comes with a high degree of risk. However, with careful analysis and research, investing in any of the above-mentioned cryptocurrencies could prove to be profitable in the long term.
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