The cryptocurrency markets are eagerly demonstrating how truly volatile they are. However, their volatility provides unique opportunities to find undervalued coins with major events in the next two weeks. The 5 Altcoins To Beat BTC Returns this Week are SNOV, ZER, MTH, ETH & MTL. Altcoins to Focus On This Week: SNOV, ZER, ETH, MTH, and MTL This week’s altcoins worth shifting immediate focus to all have very exciting upcoming events.
Altcoins to Focus On This Week: SNOV, ZER, ETH, MTH, and MTL This week’s altcoins worth shifting immediate focus to all have very exciting upcoming events. The market correction the last week allows for these coins to be attained at a huge discount from their all-time highs. This week’s coins requiring immediate attention include SNOV (Snovio), ZER (Zerocoin), ETH (Ethereum), MTH (Monetha), and MTL (Metal).
These five cryptocurrencies have major announcements, events, presentations, and platform updates prior to the conclusion of March. Events of this magnitude provide a catalyst to boost the price of the underlying cryptocurrency in the immediate short term.
Between the five highlighted cryptocurrencies, technical analysis points to the highest short-term returns coming from ZER (Zerocoin has the smallest market cap and largest percentage decrease since January) or SNOV (releasing their marketplace prior to the end of the month).
Utility increases the value of the underlying crypto with the top gainers from the past month all having dramatically increased their utility (LTC, DGB and BCPT). Many of the cryptocurrencies on this week’s list intend to dramatically increase their utility which should result in an immediate increase of the crypto’s value.
Current Market Sentiment
The market the past week has opened up many buying opportunities in the crypto space, especially for altcoins. The last ten days have been filled with multiple FUD events that continue to pressure crypto markets downward. These events have dramatically impacted the price of altcoins this week (some more than others):
Regulatory Actions (SEC and U.K.)
Gox Bitcoin Dump
Alphabet (Google) Banning All Crypto Related Ads
Scam ICO – Giza
These four events shifted the market cap of the entire crypto market from $470 billion March 5, 2018, to $330 billion Friday, March 16. However, a decrease of over 30% in total market cap provides for some true bargain altcoins.
What are your thoughts on these altcoins? Will you be buying or selling? Let us know below!
Images courtesy of Shutterstock, Monetha
Source: bitcoinist.com