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The following article was published in our article directory on March 18, 2022.
Learn more about SpinDistribute Article Distribution System.
Article Category: Finances
Author Name: Michael O'Reilly
Crypto�s Bear Market Is Rife With Opportunities
With the market being bearish as of late, many tend to avoid investing in cryptocurrency. But for those quite experienced in trade, crypto�s best opportunities usually reveal themselves during these moments. And so, if you see yourself as somewhat of a savvy trader, you should at least learn about these interesting picks:
Ripple (XRP)
Developed with the goal of enabling instant financial transactions without any limits across the globe, Ripple has since gained support from over a hundred banks. The company behind it, Ripple Labs, was listed among MIT Technology Review�s 50 Smartest Companies in 2014. By January 2018, the XRP token has reached its highest peak so far, at 3.00 USD.
This momentum collapsed, however, when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit a few months later, claiming that the token is an unregistered security. Fast forward to 2022�the case is yet to be resolved but is expected to close soon. Much progress has been made in favor of Ripple, leading their token�s price to rise and hover at around 1.00 USD.
Loopring (LRC)
Massive hype�these are words attributed to Loopring by people who follow the world of trade. Crypto�s favorite Google search, based on trends in the past few months, has had an amazing 2021, with a peak of over 3.00 USD. This was at the height of speculations regarding Loopring�s potential partnership with GameStop (NYSE: GME).
The excitement has since tapered off, with LRC only nearing 1.00 USD as of late. However, it seems there is still a lot happening in the background. With GameStop as well as Loopring�s representatives keeping mum about the partnership though not denying anything, along with whales heavily buying into the cryptocurrency, things remain bullish in the land of LRC.
Axie Infinity (AXS)
Considered the only real example of a successful non-fungible token (NFT) game, Sky Mavis� Axie Infinity has had its ups and downs. Though the AXS token surpassed 150 USD in late 2021, it�s only sitting at a mere 50 to 60 USD in the current year. Though affected by the overall market�s sentiment, AXS also suffered from the game�s economic woes.
Well, despite many failures in the past, Sky Mavis has finally made an effective step towards better stability�by significantly cutting the issuance of Smooth Love Potion (SLP), another token associated with the game. Add the fact that they�re soon releasing an overhaul to Axie Infinity that features many frequently requested features, it�s hard not to be optimistic about the game�s future�and of course, with that of AXS.
Find Your Next Coin
As those experienced in cryptocurrency would say, a bearish market is essentially a flash sale for traders. And if you�re looking for new coins to trade, crypto�s top movers may very well be your next investment. But remember, these tokens, no matter how promising, are mostly volatile and unpredictable. So, before you invest, don�t be afraid to get some expert insights from Asian Forex mentor and cryptocurrency guru, Ezekiel Chew.
Keywords: Trade Crypto’s , Crypto vs Forex, Systematic Trading, Crypto Trading Strategies, One Core Program Course Training, Ezekiel Chew, Asian Forex Mentor
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