As promised in last week's Market Outlook, I present today's altcoin special: In this Market Outlook, I will be taking a look at the abundance of longer-term opportunities that are currently available in the markets, covering Cardano, Verge, Komodo, Stratis, Enigma and Fetch.AI.
What is the next Bitcoin? What is the next Ethereum? These are the two questions asked by those unfamiliar with cryptocurrencies and yet seeking to realise the returns advertised by the space. In truth, there is no next Bitcoin or next Ethereum. What people are really asking is which cryptocurrencies will outperform Bitcoin? Which investments in crypto will provide returns similar to Bitcoin or Ethereum?
Hello and welcome to Market Outlook #44; and this one is an altcoin special. Altcoins have been through the wringer of late, with the entire altcoin market currently falling at a rate that would see it worth effectively nothing by year-end, as I illustrated in a recent Twitter thread. Despite this, several altcoins have been disregarding Bitcoin entirely and are in the middle of their first real bull cycles; for example, Quant Network, which you can learn more about here. In today's post, I'll be covering 7 altcoins at various stages of their respective market cycles, in an attempt to find a number of short-term and long-term opportunities. The coins featured in this Market Outlook are Cardano, ChainLink, Komodo, Siacoin, Ardor, NKN and Dero.