Bitcoin remains the most liquid crypto, and has been attracting high institutional interest.
Billions of dollars flow daily into the crypto-verse, as investors try to get more value from their invested buck.
Nairametrics decided to highlight crypto assets that are likely to make investors and traders smile to the bank.
The first pick is ZCash (ZEC). It’s on Nairametrics’
top pick, on the basis that it will be undergoing its first halving
this November. This means that its inflation level would be reduced to
about 13%.
It also means that the inflation correction due to Zcash’s halving may likely give the temporary bump.
Ethereum makes the list based on the fact that
investors have increased their buying pressure on the second most
valuable crypto by market value, coupled with the bias that the number
of Ethereum $ETH Number of Addresses Holding 0.1+ coins just reached an
ATH of 3,590,870.
Previous ATH of 3,590,669 was observed on 30 October, 2020.
The third pick is Cardano (ADA), on sentiments that
it’s heading towards its smart contract release, sometime in November,
leading to a significant amount of applications built on Cardano by this
time 2021. This means that more developers will see it as an attractive
medium for building their desired apps.
And of course, the most valuable crypto in the crypto-verse, Bitcoin. This
pick is for obvious reasons: it remains the most liquid crypto, and has
been attracting high institutional interest, most recently from PayPal,
which means that it might just be a matter of time before the crypto
asset becomes the number one choice asset for safe haven.
Also, miners are earning fees at record highs as recent reports from
Glassnode, a crypto analytic firm, reveals. Bitcoin miners’ revenue from
fees (1d MA) just reached a 2-year high of 0.296.
The previous 2-year high of 0.295 was observed on 30 October, 2020.
Disclaimer: Nairametrics, with the help of
other leading financial data providers, through their price assessments
performance in percentage terms, ranked the financial assets at specific
categories.
READ: Bitcoin could reach $225,000 by 2021
The objective is to give the needed insight of top-performing
financial assets around the world, and should not be seen as a piece of
investment advice or guide, as Nairametrics advises one to seek the
services of a certified financial advisor for such services.
Therefore, Nairametrics doesn’t bear any responsibility for any trading loss you might incur as a result of using this data.
No comments :
Post a Comment