The crypto space is looking great today; altcoins are on fire.
Ethereum is up by 4.7%, Polkadot is up by 10%, Uniswap is up by 4.4%, and is currently getting ready to test 30 dollars. Binance BNB is still above $300, and it has many potentials, especially with a lot of projects getting ready to launch on Pancake swap and other swap sites. Besides the projects, Binance BNB does not have high gas fees like Ethereum, so people invest and trade on it more.
Litecoin is a good altcoin, it is a safe bet, and it has a long-term history and is on every major platform. Litecoin also has more upside potential than Bitcoin and Ethereum.
Filecoin is up by about 39% today and up by over 100 percent in the past 7days. Filecoin is another coin with potential, just that altcoin investment can be pretty exciting, and if you want to make some massive and sweet gains, the 5x and 10x type of gains, altcoins are the way. Filecoin is very good for short-term holding.
Bitcoin flash crashed by 2,000 dollars in 5 minutes and liquidated about 600 million dollars in longs. This crash is why it is not advisable to do leverage trading because 90 percent or more people end up losing.
This crash is why many people prefer investing in altcoins, finding those hidden gems with great tame and long-term vision, building great utility for undervalued tokens. These kinds of projects have better higher upside potential, and if you find a well-hidden gem, you can easily do a 100x.
Finding these types of coins is pretty rare, and you have to do constant research, especially during a bull market. During a bull market, projects end up launching with 10 million dollars market capital or more, and they quickly go up from there. During a bear market, you will be able to find great hidden gems like this with over a hundred thousand dollars or less.
Altcoins are not very good entry points during a bull market, but you still have tremendous upside potential. If you are ahead of everyone and are early to the game and get significant altcoins before others do, you are at an advantage.
Enjin has secured 18.9 million dollar funding for Polkadot-based NFT blockchain. This funding is a good expansion and is very bullish for Enjin.
Enjin coin is currently sitting at $2.59 and went up a bit by a few percent when this news came out. Enjin is at a major peak, but it had a correction on the way up. It is now a 2 billion dollar market capital project and is one of the biggest gaming altcoins.
Goldman Sachs is getting Bitcoin products ready for clients as Bitcoin bounces above 58 thousand dollars. Bitcoin is getting a lot of mass adoption and bullish news over the past couple of months.
Hopefully, the crypto space will perform well in Q2 as it did in Q1.
