What are the profitable coins you would advise someone to buy and hold for now?
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What are the profitable coins you would advise someone to buy and hold for now?
If you don’t currently own any Dogecoin then the recent pullback could be a chance to follow wisdom and get some for yourself.
DOGE has pulled back from highs and this would be an opportunity for investors to have some holdings in the meme coin in the event that big investors decide to utilise the coin in their projects. This may be in the form of a gimmick but there is enough attention to drive the coin higher if it happens. Recent news that the SEC was probing the Tesla founder’s tweets about the coin make this likelihood more possible. The regulation of cryptocurrencies is a grey area for the SEC and it is unlikely that they can do much about the price surge. The developers of DOGE also have upgraded the coin’s blockchain.
Cardano is projecting a promising growth potential. The coin has surpassed it’s value at the beginning of the year, making it the best affordable cryptocurrency to invest in. The reason behind this price hike is the recent update that brought the ability to create smart contracts that will allow developers to start working on dApps, many new cryptocurrencies, and the DeFi sector. This coin also boasts cheap transactions and a good development team that is taking this project towards full decentralization.
Binance Coin— With a market capitalization of $90.9 billion, this is the third-largest cryptocurrency launched in 2017. The coin is native to the Binance exchange and the new ecosystem the company is developing – Binance Smart Chain. Being one of the largest in the world, the company aims to become the primary infrastructure service provider for the entire blockchain ecosystem.