So… have you been following the cryptocurrency market since Bitcoin’s recent crash? No worries, I totally understand your answer. Feeling scared it’s absolutely normal, especially when the asset everyone’s talking about at the office suddenly plunges from $20,000 to $10,000.
A lot of people invested big last year in Bitcoin and other cryptocurrencies. However, many of them did not invest wisely and as cruel as it sounds, that was the main reason why they lost so much money. Poor risk management, overexposure, excessive leverage and a really bad timing were just some of the ingredients of that deadly formula.
So, let’s take it slow from here. I am not gonna give you all the “blah blah blah” on how Bitcoin and the crypto world is the future of investment.
Instead, I am gonna show you three cryptocurrencies that have performed amazingly well in the previous month (and they are cheap enough to give them a chance without hurting the wallet):
EOS +195%
EOS is a blockchain-based, decentralized system that allows the development, hosting, and execution of decentralized applications on its platform.
According to experts, its functioning can be easily compared to Ethereum. EOS’ price moved from $5.59 on Apr 1 to $23.00 on Apr 29. EOS counts on a market cap of nearly $14 billion.
TRON +175%
TRON is an open-source, decentralized cryptocurrency created in March 2017. The digital currency has been enjoying of a positive sentiment from investors, a vote of faith in the project’s CEO Justin Sun, a successful Asian businessman with close ties to Alibaba’s Jack Ma.
At the beginning of April, a unit traded at $0.03194 to end the month at $0.09300. Market capitalization for TRON is about $5.9 billion.
CARDANO +127%
CARDANO is a platform that runs the Ada cryptocurrency. It was created by Input Output Hong Kong and the project was overseen by Ethereum’s co-founder Charles Hoskinson. Cardano traded on April 1 at $0.1480 and close the month at $0.3381. Market cap is close to $8.5 billion.
Trump has declared that the United States could become the global capital of the crypto industry. To achieve this, he proposes reducing regulatory pressures.
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