7 Crypto Charts That Smart Investors Should Pay Attention To - Our Picks
Looking for the top crypto charts that investors should pay attention to? Continue reading to explore more about each project in detail.
Bitcoin - Largest and oldest cryptocurrency that is a must-have
Ethereum - Largest altcoin with numerous use cases
USDT - The most popular stablecoin worth investing in
Ethereum Classic - An underrated crypto full of potential
Ripple - One of the top cryptos to buy and HODL
Cardano - Rapidly growing crypto asset to add to your portfolio
Solana - Promising altcoin that is likely to rally soon
A Closer Look At The 7 Crypto Charts That Smart Investors Should Pay Attention To
Today, there are thousands of cryptos, and many of these have a promising future in the market. However, throughout 2022, we have seen certain coins continue to rise and fall in short periods — meaning it is hard to know which cryptos have a truly promising future. So, today, we will discuss the 7 crypto charts that smart investors should pay attention to.
Bitcoin
Still dominating in market cap and popularity, Bitcoin is not going anywhere soon. It still makes all the headlines and is what most people think about when they hear the word cryptocurrency.
Bitcoin has turned into the go-to cryptocurrency for traders. But investors who can hold through the volatility see advantages to Bitcoin as well.
Once 21 million bitcoins have been mined, no new coins will be created. Looking at it from a supply/demand standpoint, long-term investors stand to gain. Plus, Bitcoin is the base currency you need to purchase if you want to get some of the other currencies on this list. You cannot simply buy many of these others with USD - you need BTC.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
Ethereum is arguably the best altcoin to buy today because of its massive potential. It currently is the largest smart contract platform and is also home to the greatest selection of DeFi, dApps, metaverse, and Web3 projects. These have brought about massive use cases for ETH tokens.
Moving forward, we expect even more on- and off-chain brands to continue collaborating and building on the Ethereum network. The Merge upgrade has improved the network’s efficiency and capped the minting of new ETH tokens, limiting its supply amidst growing demand. These, plus a recovering market, are expected to help catapult ETH prices to unbelievable heights.
By 2030, some optimistic analysts are confident that one ETH token has the potential of breaking above $10000 by the turn of the decade, making it one of the 7 crypto charts that smart investors should pay attention to.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether
Tether is different from the other cryptos listed here in that it is a stablecoin that is pegged to the price of the U.S dollar. This makes it far less susceptible to price dips and crashes and is great for those interested in DeFi.
The initial tokens of Tether were released on the Bitcoin system in the year 2015. It was among the earliest booming stablecoins and the first cryptocurrencies. It was not just innovative technologically, but also featured a distinguished group of pioneers and developers, such as Brock Pierce, director of the Bitcoin Foundation.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Classic
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
In addition to running smart contracts, the Ethereum Classic platform has tokens called ETC. Ethereum Classic was born after the Ethereum blockchain split in the aftermath of the DAO hack.
Ethereum Classic is arguably one of the most successful tokens in the recent rally. Given its proximity to Ethereum, the bullish sentiment generated by the “Merge” triggered a significant rally in the digital asset’s price. This makes it one of the 7 crypto charts that smart investors must pay attention to.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple
When Ripple launched, the majority of analysts and investors were convinced that it posed the biggest threat to Bitcoin’s dominance. Financial institutions quickly picked it across the world as it promises to replace swift and revolutionize cross-border payments.
XRP is trading at a discounted price – more than 90% below its all-time high. This makes them one of the most undervalued cryptocurrencies. We consider Ripple the best altcoin to buy in 2023 for speculative investment purposes because a growing number of analysts, fintech experts, and legal minds expect the case to end soon and in Ripple’s favour.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano
Cardano is the largest smart contract platform. It has also consistently ranked the most secure blockchain by crypto and fintech experts by being the first peer-reviewed crypto technology. It, too, has sustained a positive uptrend since its launch, despite having integrated a fraction of emerging technologies that were adopted by Ethereum-killers, like Solana.
These haven’t prevented it from becoming a near-permanent feature on the top 10 most valuable crypto assets. This is a great testament to investor confidence in the crypto project and is one of the primary reasons we feature ADA among the best crypto charts that smart investors should pay attention to.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana
Solana is the fastest-growing smart contract platform. Designed to replace Ethereum as the most preferred smart contract platform, Solana has rapidly onboarded each of the technologies found on Ethereum. From DeFi, dApps, and NFTs to the metaverse, play-to-earn games to memecoins, and even decentralized exchanges.
Moving forward, the crypto asset shows no signs of slowing down, which is why we include it in this list. Moreover, even in the middle of the crypto market dip, Solana is actively expanding its ecosystem by onboarding more programs and protocols and growing its community.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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