Over the years, people have made a bomb with cryptocurrency, with Bitcoin, Ripple, Litecoin, Ethereum and Bitcoin Cash all going for early investors.
With this in mind, readers should remember that we are not financial advisors, cryptocurrency investment is risky and therefore before you choose to invest, make sure you do your own prior research and only invest what you can afford to lose.
How can we determine which cryptos will rise next?
Market capitalisation or the share of the market held by a cryptocurrency is a good indicator of what might happen next on the market.
As reported by The Motley Fool:
“However, online financial data wire and investing news stream Investing.com produces a list of more than 1,000 cryptocurrencies by market cap, so let’s take a look to see what currencies are on the list between numbers 10 – 20 by total market size.”
This gives us some idea of some of the most up and coming rising cryptocurrencies to look out for, based on market cap.
Ethereum Classic - with the symbol ETC has a market cap of $1.35 billion
IOTA - with the symbol MIOTA has a market cap of $1.93 billion
Dash - with the symbol DASH has a market cap of $1.91 billion
Tezos - with the symbol XTZ has a market cap of $1.07 billion
Binance Coin - with the symbol BNB has a market cap of $1.71 billion
NEM - with the symbol XEM has a market cap of $1.42 billion
NEO - with the symbol NEO has a market cap of $1.4 billion
Tron - with the symbol TRX has a market cap of $2.05 billion
VeChain - with the symbol VET has a market cap of $745.5 million
Zcash - with the symbol ZEC has a market cap of $971 million
Many expect that in a years time, the top 5 cryptocurrencies will see a big shake-up, with some of the aforementioned in line to take the top spot.
Looking at the above list, Zcash and NEM seem to have surged 9% and 21% respectively over the past week, whereas most of the others seem to have fallen over what has been a poor week for traditional capital markets and digital currencies alike.
What are your thoughts? Let us know what you think down in the comments below!