A booming market has many advantages. Nearly anything investors touch turns to gold and produces massive returns. But this can be a blessing and a curse, lots of profits now with many tokens can blind the decision-making of investors and lead to long-term losses or make them miss out on good opportunities.
Experienced investors stay sharp and arm themselves with information to diversify into other opportunities and plan ahead of the market. We provide some of this information relevant to some of the more profitable tokens in this cycle, Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH). Our analysis also checks with whale movements and a reported move towards a new project, DeeStream (DST).
A New High on the Horizon for Bitcoin (BTC)
Bitcoin’s (BTC) current all-time high is $68,789.63, but it could blitz past this in a matter of days if growth continues. Bitcoin (BTC) is already at $67,660.88 at press time, barely $1000 away from the current high.
Bitcoin (BTC) has grown by 24% compared to a week ago, and this figure doesn’t properly capture the amount of growth it has seen. For context, just 30 days ago, Bitcoin (BTC) changed hands at $43k. We expect Bitcoin (BTC) to have hit a new high by the time this article is published.
Ripple (XRP) struggles to break $0.66
Ripple (XRP) changes hands at $0.6496 at the time of writing. A reasonable 17% gain has been noted but the inability to go (and stay) over $0.66 may start to frustrate soon. Ripple (XRP) is expected to challenge this position again in intra-week trading next week and surpass it this time.
Ethereum (ETH) eyes $4K carefully
It took a little longer than expected for Ethereum (ETH) to climb ahead of the $3.5k position but it has firmly achieved this now. This decline in growth has made some investors more cautious about Ethereum (ETH) but it is still positive. It looks like it has started moving even faster since breaking that resistance level.
Ethereum (ETH) trades at $3,632.64 at the time of writing and could be days away from $4,000. A Growing Confidence in DeeStream (DST)
For the decentralized streaming project, DeeStream (DST), March has started well. Even more investors have joined up with the project and experts appear even more convinced about it.
DeeStream’s (DST) price is one reason for this. At $0.04, investors consider it a giveaway. It costs less than most other established tokens. This pairs well with its potential and investors believe they are getting a highly valuable asset for cheap.
Returns are the final reason. DeeStream (DST) has a predicted 30x return and this is too good to miss for investors. Should it pay off, it could bring significant rewards to investors, and many are banking on this.
We think DeeStream (DST) is an impressive project and prospect and it is only normal that investors are rushing for it.
Find out more about the DeeStream (DST) presale by visiting the website here.
Source: https://coinpedia.org/press-release/deestream-audiences-grow-bitcoin-ripple-whales-ethereum-hits-3-8k/