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Three potentially profitable crypto trades as we head into the weekend
- Motiur Rahman
- 2022-12-07
- 4513
- Technology
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Summary:It has been a rollercoaster ride for cryptocurrencies this week. After a rally earlier in the week, the market has nosedived, and many top cryptocurre
This week, cryptocurrency experienced a roller coaster ride. After the rise earlier this week, the market fell sharply, and many top cryptocurrencies have lost most of their previous profits. However, some cryptocurrencies are likely to perform well in the coming days. These are important news coming.
Although the market has adjusted, BTC is still strong at the price of 23 million US dollars, which may be conducive to promoting a wider market trend in the next few days. If you want to buy and sell in the market today, there are some top-level cryptocurrencies that will probably be very good soon.
CRO
Cronos (CRO) is one of the top cryptocurrencies likely to perform well this week. This has a lot to do with the report of cryptocurrency. com is adding power to a system software that allows customers to pay for gasoline and diesel in cryptocurrency at gas stations across Australia.
Although the payment will be made in BTC, the price of Cronos will also affect. This is mainly because cryptocurrency brings driving force to cryptocurrency. Com ecosystem. Cronos (CRO) may record some active market prices with the purchase and sale information of Australia Gas Station entering the market.
Cronos has also recently received permission from the FCA, which may increase its adoption in the UK. This may increase beneficial price trends, especially if the wider market rises again.
Total Flow
Flow (Flow) is one of the cryptocurrencies that performed well before. It is still one of the dark green top cryptocurrencies. Its recent rise has a lot to do with the disorder of Flow, a real estate investment company encouraged by Marc Andreesen.
In other words, a lot is happening with the FLOW cryptocurrency, which may better affect market prices. One is that the total number of NFTs launched on the total traffic blockchain technology continues to increase. This increases the need for FLOW. If the fluctuation changes and the wider market becomes higher again, FLOW may surpass most top cryptocurrencies with great strength.
ETH
Ethereum (ETH) has been the leader of cryptocurrencies recently, rising to a peak of $2000 on August 14. In a short time, Ethereum may surpass a wider market. This is mainly because investors are still hoping for more price increases along with the proximity of Hepin.
Many investment analysts have long been optimistic that the joint venture will have a positive effect on the price of Ethereum. For example, Arthur Hayes, the founder of Bitmex, believes that the cost of Ethereum is likely to increase because of the expectations of investors and the deflation characteristics of Ethereum at this stage. He added that the price would continue to rise for many years before everyone had an Ethereum wallet.
With such development potential and the recent adjustment of Ethereum, if the wider market turns green again in the next few days, such cryptocurrencies may be bought by FOMO.
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