Three large-cap cryptocurrencies braving the crypto bear wave this week

0
89

Bitcoin is on the upswing and most top cryptocurrencies are posting positive, albeit small, gains. This is an indicator that while all financial markets are in the red right now, cryptocurrencies are on the cusp of recovery.

This means it may be time to look at cryptocurrencies with strong news that will allow them to perform well for the rest of the week and possibly the rest of the month.

If you’re looking to make the most of the market today, here are some cryptocurrencies that could easily end the week higher in double digits. Each of them has strong news supporting them.

XRP (XRP)

eToro

eToro is one of the world’s leading multi-asset trading platforms and offers some of the lowest commissions and fees in the industry. Its social copy trading features make it a great choice for those getting started.

Buy XRP today with eToro

Bit Stamp

Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that offers users an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

See also  Pro: Bitcoin to bottom in Q4 this year

Buy XRP with Bitstamp today

XRP (XRP) is one of the best performing cryptocurrencies this week. Currently, it is up more than 15% in the week. This follows an argument between the SEC and Ripple’s general counsel, who questioned why the SEC chairman was behaving like a cryptocurrency agent.

The growing sense is that the case between Ripple and the SEC is nearing its end and that Ripple has a chance of winning it. If positive news continues to emerge from this case, XRP has the potential to remain in the green for the remainder of the week. Moreover, if the case ends in Ripple’s favor within the year, XRP could be one of the best performing cryptocurrencies by the end of 2022.

EOS (EOS)

eToro

eToro is one of the world’s leading multi-asset trading platforms and offers some of the lowest commissions and fees in the industry. Its social copy trading features make it a great choice for those getting started.

Buy EOS today with eToro

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, with over 600. Binance is also known for its low trading fees and a multitude of trading options that its users can take advantage of such as; peer-to-peer trading, margin trading and spot trading.

See also  Long the Bitcoin Bottom, or Watch and Wait? Bitcoin traders are planning their next move

Buy EOS today with Binance

EOS (EOS) has been lagging behind the broader cryptocurrency market for a while now. Even in the latest bull run, EOS underperformed massively. This week, however, there is reason to be optimistic about EOS. This is due to the Antelope Protocol update.

This update allows the EOS network to provide a better experience for users and make the network more attractive to developers. Among the features developers will enjoy include cryptographic EVM features and faster transaction life cycles. Since this gives EOS a greater chance of long-term adoption, this crypto could benefit from FOMO in the short term.

Cardano (ADA)

eToro

eToro is one of the world’s leading multi-asset trading platforms and offers some of the lowest commissions and fees in the industry. Its social copy trading features make it a great choice for those getting started.

Buy ADA today with eToro

See also  74% of Ethereum Nodes 'Merge Ready' ahead of Bellatrix upgrade

Bit Stamp

Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that offers users an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy ADA today with Bitstamp

Cardano (ADA) has been known to gather when there’s big news. This is due to the strength of the Cardano community, one of the most passionate on the market. The big news is that Cardano now has more value than other top blockchains like Avalanche and Binance Coin. The total value staked on Cardano is $11.49 billion, making it the third most-deployed network after Ethereum and Solana.

This probably draws much more appeal to Cardano, as it is also one of the most scalable networks with the lowest transaction costs on the market. Essentially, the growing amount of value staked in ADA indicates a potential for long-term adoption.

All of this puts Cardano in a prime position to rally in the near term, which is why crypto is worth checking out not just this week, but October as well.

LEAVE A REPLY

Please enter your comment!
Please enter your name here