London, UK, 3rd August 2021, ZEXPRWIRE – What is happening in the cryptocurrency market? The Bitcoin is still going down, Ethereum and other top players like Ripple are also following the trend of Bitcoin.
The broker from Truenorthbit, Richard Walton recalls and says a year back, we saw a sudden surge in the value of cryptocurrencies as people started investing in them. But now things have changed exactly opposite to that. People are losing their confidence in crypto market due to various reasons.
However, we can say that the cryptocurrency market is one of the most profitable markets in the world right now. Why are people still investing in cryptocurrencies despite bearish trends? The answer is simple; there are some cryptocurrencies which will give massive gains if you invest today and hold for at least a year or two.
This article is for those who want to invest in cryptos but are confused about the choice of coins. I tried my best to choose top cryptos which can give massive gains in the next 6 months or so. There are few more cryptocurrencies which are also giving good returns, but you need to hold them for at least 2 years to get maximum profit.
The below mentioned cryptocurrencies will give you massive gains in the next 6 months or so:
Ethereum (ETH): £250 = 1 ETH Now vs £112 at ATH!
For a long time, Bitcoin has been the dominant cryptocurrency capturing most of the market share. But as people’s requirement for other coins increased, we can see that Ethereum is also in the list of top 10 cryptocurrencies which are getting good attention. It has a market cap of about £35 billion and average daily trading volume around 750 million USD.
Ethereum growth trend is not just restricted to present but it has been exponentially growing since its launch. If you check its price chart, Ethereum has gained around 10000% in the last 2 years.
With many ICOs and new Cryptocurrencies coming to market with Ethereum based programmable token, it has not only increased its user base but also more businesses are now accepting Ethereum as a form of payment. If you had invested in Ethereum back then when it was launched, your £250 would be worth £1.8 million today!!
Ripple (XRP): £0.0043 = 1 XRP Now vs £0.00044 at ATH!
The next cryptocurrency in the list is Ripple, which has a current market cap of about £16 billion and average daily trading volume around 120 million USD.
Ripple has been able to make a place for itself in the cryptocurrency market because of its unique selling points. The main reason behind Ripple’s popularity is that it promises instant cross border transactions at very low cost which was not possible with other cryptocurrencies.
Many big banks and financial institutions are now testing their product “Interledger” based on ripple.
If you think, right now the price of Ripple is too high, then you can buy it at a cheaper price. It is still cheap when compared to its ATH value of $3. If you had invested in Ripple when it was launched, your £0.00044 would be worth about £1605 today!
NEM (XEM): £1 = 1 XEM Now vs £0.0005 at ATH!
NEM is the next cryptocurrency which will give massive gains in the upcoming months. It has a market cap of about £2 billion and average daily trading volume around 100 million USD.
Nem is built on an out-of-the-box blockchain platform which provides extra features like multi-signature accounts, encrypted messaging, asset making and more.
NEM’s total supply is 8 million coins out of which 6 million are in circulation while 2 million coins are locked up as a developer fund which will be used for future development work on NEM protocol.
If you had invested in NEM back then when it was launched, your £0.0005 would be worth about £500 today!
Lisk (LSK): £1 = 1 LSK Now vs £0.004 at ATH!
The next cryptocurrency which is giving massive gains is Lisk (LSK). It has a market cap of about £1 billion and average daily trading volume around 60 million USD. It was launched in 2016 but it is still not too late to invest in Lisk. At present, the price of Lisk seems quite expensive for an investor so, you should wait a little longer before investing. The price can go down after that so, it will be easy to buy it.
Lisk is an altcoin which is built on another platform called “Delegated Proof of Stake”, which makes transactions faster. The price of Lisk has increased by about 200% in the last one month and its price chart also looks like a rocket so, you can buy this coin and keep holding it for at least a year. If you had invested in Lisk when it was launched, your £1 would be worth about £40 today!
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.