Bitcoin has grown to $ 23.4 thousand. Which cryptocurrencies are not too late to buy :: RBC.Crypto

Since September, the BTC rate has increased by 135%. Now it’s the turn for altcoins – they can rise in price following the main digital asset, experts are sure. Among the many coins, there are promising options and those that are very risky to acquire.

Bitcoin has shown significant growth since the beginning of autumn. In early September, the rate of the first cryptocurrency dropped below $ 10 thousand.Then it began to increase and by the current moment has reached $ 23.4 thousand, having risen during this period by 135%.

Altcoins can show similar dynamics behind the rapid rally in bitcoin. There are two prerequisites for this. On the one hand, some of the investors who have fixed profits from the acquisition of the first cryptocurrency may start looking at undervalued assets. On the other hand, traders who missed the opportunity to make money on the rise in the price of BTC can also draw attention to them.

Financial analyst at Currency.com Mikhail Karkhalev believes that altcoins may rise in price following bitcoin, but this growth will probably not be as strong as long. In his opinion, it is worth taking a closer look at the leading altcoins in terms of capitalization: Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). It might also be worth paying attention to the token Ripple (XRP), Monero (XMR), Dash (DASH) and Waves (WAVES). In recent days, these coins are slightly behind BTC in dynamics and have every chance of growth, the expert explained. Among the DeFi tokens, he singled out Uniswap (UNI), Compound (COMP) and Chainlink (LINK). But there are coins that are risky to acquire now.

“I would in every possible way avoid entering any kind of hype tokens such as Bitcoin SV or Tron, even if they can grow decently. It is impossible to call their growth healthy; rather, these are attempts to pump under the guise, ”Karkhalev warned.

The founder of the STASIS stable cryptocurrency platform, Grigory Klumov, is sure that after the strong growth of bitcoin, it is worth taking a closer look at altcoins, this is “definitely”. The situation on the crypto market is the same as on the stock market – after the growth of blue chips, as a rule, the growth of echelon shares begins, the expert said. Capital flows from the largest assets to those that are smaller: first, Apple grows, and after that, the Russell 2000 index.

“For example, with a 10% increase in the shares of a large company with a capitalization of $ 100 billion, a revaluation of $ 10 billion occurs, since some of the owners seek to fix profits and place funds in the assets of smaller companies with great growth prospects,” Klumov added.

From his point of view, now investors may well fix a part of the profit from buying bitcoin and try to “catch the expansion of the wave of interest” to the crypto market by investing in altcoins. Among them, it is worth taking a closer look at the Zilliqua (ZIL) coin, Klumov shared. The project launched an attractive staking product, providing up to 6% additional yield on deposits in its token.

The expert considers the FTX exchange token to be another attractive option. It adds new products and wins users over from larger competitors. Klumov also allocated Compound’s DeFi token, in particular due to the fact that the project continues to gain assets for staking under Ethereum 2.0.

Alexander Boyarintsev, a private trader, agreed that major altcoins often start to rise in price for bitcoin. But now only Ethereum is called an interesting option by the practitioner. In the current situation, altcoins are unlikely to grow strongly relative to BTC, given its upward trend.

“From experience, bitcoin grows first, and then the main altcoins. I personally see great potential in Ethereum, other assets of a similar class, I think, should not be bought, “Boyarintsev summed up.

On December 16, Ethereum has an additional growth driver. That day the Chicago Mercantile Exchange (CME) announced, which will add altcoin futures. The new product will be launched from February 2021.

– “The bitcoin rate will go even higher.” When the cryptocurrency updates the maximum

– How to choose the moment to invest in cryptocurrency. Main rules

– Who Needs Bubble Coins or How Currency.com Launched

You will find more news about cryptocurrencies in our telegram channel RBC-Crypto.