Today, we are going to talk about 5 major cryptocurrencies that already have high market capitalizations, but still have good prospects in the long run.
1. Ethereum (ETH) – a market value of $38 billion
We don’t want to start with super big coins, but Ethereum is too good to be ignored. Just recently, Ethereum took the lead in breaking through key resistance levels and gained about 2% market power.
Due to the issuance of new tokens and the prosperity of DeFi, the Ethereum network is developing rapidly.
It is difficult to think of Ethereum as the future $1 trillion market capitalization token, especially when we know that Ethereum 2.0 is making the platform more scalable and fast.
2. No (XEM)-market value of $471 million
NEM has always been one of the most popular altcoins, but, in the past few years, people seem to have forgotten it. The token started in 2014 and although it did use an improved NXT PoS mechanism called Proof of Importance, it was coded from scratch.
NEM has recently started to see more activities because the team has partnered with DAO Maker to create a community center that enables holders to interact more with the project and even provide assistance for development.
Soon after the Hub’s announcement and release, the price of XEM increased by 40% in a few weeks.
3. Monero (XMR)-$1.49 billion in turnover
Monero is obviously very popular, but its market value is still not high compared to other coins such as Bitcoin Cash or BSV. Monero is one of the few tokens that truly realize use cases, privacy and anonymity.
Many people think that Bitcoin transactions are anonymous or untraceable, but this is far from the truth. In fact, only privacy-oriented coins can achieve this function, and Monero has always been the most popular coin.
In the past few years, Monero’s transactions and active addresses have been increasing significantly, and it is clear that Monero can climb further.
4. Elon (ERD)-net income of 266 million US dollars
If you haven’t heard of Elrond, then you may not be interested in cryptocurrency. ERD is basically the best performing token in 2020, and its price has risen by 5,100% in 4 months.
Although ERD is already ranked 43rd, the project has just launched its mainnet and there are more plans to launch. The idea behind ERD is to be massively scalable, fast and safe.
ERD has cooperated with large encryption platforms and listed on large exchanges such as Binance. It is only a matter of time before ERD becomes the top ten coins.
5. Swipe (SXP)-market value of 119 million US dollars
Swiping will round our top 5 cryptocurrency list. Binance recently acquired it to enable cryptocurrency to be used as legal tender in real time. This alone can tell the potential of SXP.
Swipe allows users to spend cryptocurrency through the Swipe Visa debit card, which is supported wherever Visa payment is supported.
The project raised approximately US$12 million as early as August 2019, and significantly increased mcap from US$30 million to the current US$134 million.
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Disclaimer: The author of this website may have invested in cryptocurrency himself. They are not financial advisers and only express opinions. Anyone considering investing in cryptocurrencies should fully understand these high-risk assets.
Trading with financial products, Especially CFDs It involves high risks, so it is not suitable for investors who pay attention to safety. Contracts for Difference (CFD) are complex tools and there is a high risk of losing money quickly through leverage. Please note that if most private investors decide to trade CFDs, they will lose money. Any financial product trading and speculative activities that generate abnormally high returns will increase the risk of loss. Please note that past benefits do not guarantee positive results in the future.
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