A Good Place To Seek Out Potential Investment Opportunities
If you have been in the Crypto space a while, you will probably understand the dynamic of getting into new movements and growth sectors early on before the explosion hits. This is a dynamic most recently seen within the world of DeFi and yield farming. The true profits belong to the early investors who were alert to see a potential boom on the horizon. Sure, one may not know for sure if something is going to take off or not but there are clear signs that will give indications that point towards a potential surge.
On the other hand, large gains can also be experienced when good projects have been hit extremely hard by severe bear markets and investors unafraid of risk, take the shot! Identifying a potential "comeback-kid" is perhaps even more difficult than identifying a new star performer.
Many alts often continue further down a never ending spiral of constant loss and carnage once investor confidence has been lost. However, there are those that find new strength in the valleys and comeback to shock market participants.
Loopring - Perfectly Poised For Gains?
This is one that will definitely please Publish0x users, as it is a token earned daily on the platform and appears to have bottomed out nicely. Loopring has an all time high of $2.40 and is currently trading at approximately $0.17 after reaching an all time low of $0.019! Observing the complete price history in the graph below, one can see a clear bottom being formed.
The most bullish aspect of this reversal is the volume! The volume is significantly higher than all other volume apart from an isolated wick during January 2018 when alts reached all time highs. The fact that Loopring is a DEX further cements the case, as I believe DEX's are going to be playing an even more significant role in 2021 and beyond.
LRC could always retrace to $0.12 or even $0.10 but the likeliness of a return to $0.019 is highly unlikely. With so much potential upside, LRC is looking rather bullish as a long-term hodl in my opinion.
Cardano Is Currently Down 92% From ATH Levels
Cardano is a Top 10 project which has been harshly punished during the course of the Crypto winter of 2018 and 2019. With the launch of the Shelley mainnet and the introduction of staking, ADA has seen quite a significant rise in value recently. Whether ADA will retrace somewhat from current levels or move on to new 2020 highs remains to be seen but as far as a long-term hold is concerned, now may be a good time to gain exposure to Cardano!
The newly added staking protocol is also a very attractive feature, even though there are many other projects with higher rewards. Cardano is a top tier project and that carries some level of validity.
Staking coins such as Cardano are more attractive to long-term investors as compounded staking rewards form a type of safety in the event that the position turns sour. Cardano has an all time high of $1.18 and though there is no guarantee that a project reaches those levels again it is a good way of helping to determine upside potential.
Whether these are two options you are seriously considering or not, please remember that this is merely informative entertainment and should not be considered as investment advice.
I think the next stage for crypto will be consolidation and only a few platforms will be adopted by mainstream. The rest will be used by a small community or will disappear in the wild, the natural law of the stronger.