Investments during quarantine: which currencies to choose

[Garrygold]

 In this strange spring of 2020, the Coronavirus pandemic affected all areas of our lives. Under the pressure of this factor sagged and the industry crypto valyut: Bitcoin moved downward until March 16, and, reaching a value of $ 601, began to rise sharply in price.

 

Is it worth investing in cryptocurrencies now? On the one hand, this instrument is not as familiar to big traders as traditional assets. On the other hand, the digital economy can, on the contrary, become a haven in a period of unstable economy.

 

 Below is a list of attractive coins for investment, which can be preferred even in these uncertain times.

 

 Bitcoin

 

 Bitcoin is a classic crypto voltaic market, setting the tone for other assets and one of the most stable. At the time of writing, 12.05.2020, one coin was valued at $8,777. This currency has the largest share in the investment portfolio. BTC, as mentioned above, differs from other coins by a higher level of stability and high value, so it is a bit easier to earn on it. There is a perception in the crypto community that Bitcoin is the tool that will literally save the world economy from crises. It may be too loud a statement and yet another manifestation of the inexhaustible optimism of enthusiasts, but there is something to think about anyway.

 

Ethereum

 

Ethereum is not the most expensive crypto asset, but in this case it is not that important. The value of this coin is the functionality of its ecosystem. Vitaly Buterina's project is still popular among developers: while people need smart contracts, a coin running in architecture will not lose its relevance. Besides, the project is planned to be transferred to stacking in the foreseeable future. This is an increasingly popular technology: token holders are able to receive passive income, just storing them in a wallet for some time. Therefore, ETH's long-term prospects are quite good - it is worth paying attention to.

 

TRON

 

TRON - this spring is showing good dynamics: despite the rather low price, this asset has some potential. At the time of writing, its market capitalization was $980 million. Briefly about the blockbuster: this platform is designed not so much for financial transactions as for content exchange, development and use of smart contracts. Unlike the more general Ethereum, here the emphasis is on the entertainment industry. We don't expect a crazy price rise, but there will be some progress.

 

Stellar

 

 Appeared on the market in 2014, the Stellar platform quickly gained popularity among developers and investors. At the time of writing, the market capitalization of the asset of the same name was $1.5 billion. This cryptographic currency has recently been renamed Stellar Lumens or XLM. The project has a decentralised exchange for comfortable trading. The asset is not high priced and its future dynamics will not bring crazy dividends. Meanwhile, the risks of significant losses are low.

 

Yoda X

 

Yoda X is a relatively new but very promising project. Its main feature is the stacking already mentioned above: users can receive passive income. The amount of income is increased by additional coefficients. The developers plan to create a network for B2B and P2P trading, which should provide the coin with additional demand. Due to the young ecosystem, it's too early to draw categorical conclusions, but it has a chance to get ahead. Let's see what happens next, but in the meantime it's worth taking coins at least for the sake of stacking.

 

Ripple

 

 Recently, Ripple has behaved ambiguously, but its market capitalization is still one of the largest: $8.7 billion. On positive forecasts, the value may reach $0.3-$0.5 with the current value of $0.1. The platform in which the currency operates is characterized by excellent technical characteristics and ease of use. Interestingly, it is not much younger than Bitcoin: Ripple was launched in 2012, long before most of the listed here.

 

Monero

 

 By 2020, everyone has managed to understand that many anonymous crypto values are in fact far from anonymous: even Bitcoin is not ideal in this respect. So over time, third-party developers have created similar systems, but with more impressive privacy indicators. Monero could have filled everyone with osmosis - too much was said about it in its day. But this growth potential cannot be denied: the currency has a good price ($61) and capitalization (more than $1 billion), it has been showing a slow but steady upward movement since mid-March.

 

 Conclusion

This list is only of a recommendatory nature and may not coincide with the reader's views on promising projects for investment. The main thing when creating an investment portfolio is to properly distribute capital and understand the chosen currencies. Maintain a balance between recognized leaders, stable altcoin and newcomers - the latter usually account for a smaller portion of the portfolio. And don't forget to keep track of the latest news - they can become markers of important market changes.

 

 We hope that this selection was useful for you and will help you in your future choices.