Bitcoin and the entire cryptocurrency market is moving towards the upside, prompting the recommendation of five must-have altcoins that could explode in the short term. The altcoins are BNB, Avalanche, Polygon, XRP, and CRO, with reasons given for investing in each. Binance’s BNB has outperformed other smart contract networks and is growing as a company, while Avalanche is a popular Ethereum competitor with a rapidly growing ecosystem. Polygon is a stack of protocols designed to fix Ethereum scalability issues, and XRP has formed a fresh golden cross on its four-hour chart. Crypto.com’s CRO completes the list.
Bitcoin and the Market are Back in the Green
Bitcoin and the entire market are back in the green, with a break at about 24,000. In this video, the host will share with the audience five must-have altcoins that are likely to explode in the short-term. However, the predictions and information presented in this video should not be taken as financial advice. The host recommends doing your own research and never risking more than you can afford to lose.
The Five Must-Have Altcoins
In the second quarter, BNB outperformed other smart contract networks for the second consecutive time. The BNB chain offers NFTs, D5, GameFi, and is home to one of the top cryptocurrency exchanges. BNB’s NFT market volume has reached new levels in the second quarter, with a significant increase in the number of unique NFT buyers and secondary sales volumes. BNB’s partnership with Mastercard provides users with up to 2% cashback on select purchases made with a crypto debit card. With CZ tweeting about Binance and the number of open positions, BNB seems to be continuing to rise as a token price and a company.
Avalanche is becoming a popular Ethereum competitor and has gained double digits alongside surging NFT volumes. Of interest is the Total Value Locked (TVL) on the platform, which is over $2 billion. With a growing NFT demand, staking, and earning yield with assets on Avalanche is a must-have altcoin.
Polygon was invited by Disney in its 2022 accelerator program, which speaks to its prestige and credibility. As a stack of protocols designed to resolve Ethereum scalability issues, Polygon is poised to become even more necessary with the Eth merge mainnet only 41 days away. Additionally, Polygon has become one of the fastest-growing cryptocurrency projects and a top 20 cryptocurrency.
According to some leading traders and indicators, XRP has been forming some exciting chart patterns, with a fresh golden cross on its four-hour chart suggesting that it may have reached its bottom. While there is certainly some risk, the reward could be significant. XRP has been suppressed for some time but has historically gone to the moon when it takes off.
Crypto.com has been providing an array of services, such as a non-custodial app that allows users to purchase, sell, or trade cryptocurrencies. The host of the video is an ambassador for CRO and highly recommends it.
If you’re looking for high-flying currencies and want to inflate your portfolio, these five must-have altcoins could be excellent options to consider. Remember, do your research and never risk more than you can afford. If Bitcoin continues to push towards the upside, there is potential for these altcoins to explode.