Cryptocurrency is the future of money and, as a result, many people are investing in it with the hope to see great gains. There are many different types of cryptocurrency, and some of them have a better chance of surviving in the wild. Among the most popular and trending cryptocurrency are Bitcoin, Ethereum, and Litecoin. As a result of their popularity, many investors are looking to invest in these coins.
While they are most popular and trending, they might not be the best choice to investors as they have been in the limelight for a while now, and therefore there is a high chance that they might not be able to give the same returns as new coins. Therefore, if you are looking to invest in cryptocurrency other than Bitcoin, Ethereum or Litecoin, you should read on to find out the most current cryptocurrency of the year.
1. Recent Performance Analysis :
The recent performance is the current trend of price over a period of time. It is clear that the recent performance of Bitcoin, Litecoin and stke has been a lot more volatile than the others. However, Ethereum has performed exceptionally well in the recent past and is expected to perform well in the future as well. It is believed that the trend will continue in the future, and Ethereum will experience growth that is much greater than the others.
2. Technical Analysis :
Technical analysis is the method of analysing a market based on past events, price trends, and volume movements to predict future price trends. It is the process of using past price action to predict future price action. It is all about understanding how the market has performed, and then using that information to determine what might happen in the future. It is useful to determine the overall mindset of the market and you should buy or sell a coin when the market is down.
3. Valuation Analysis & Key Assumptions :
The business of cryptocurrency is still not very mature. The valuation analysis has shown that all coins are valued at reasonable levels, especially when compared to Bitcoin which is the most popular and trending cryptocurrency in the world. However, based on the technology related to cryptocurrency, mexc is one of the best exchanges which is providing a good platform for the cryptocurrency trading in the world which is giving a tough competition to the other exchanges.
The Most Potential Coin :
Ethereum might be the most trending cryptocurrency of the year due to a number of reasons. The coin has been in the limelight throughout the year and has been one of the most successful coins. The technology related to Ethereum is also one of the best and works on a blockchain that is designed by the people involved. The recent performance of the coin is also incredible and has been the most trending coin in the last three months.
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