With the recent drop in Bitcoin price, many of us are looking for potential investments whilst there is the proverbial 'blood in the streets'.
Virtually everything that is down now will rise with a BTC rebound, but some may do so to a bigger degree. Here's my list, see if you agree or not.
LITECOIN (LTC)
Litecoin has actually been fairly resolute recently but is down over 55% from its all time high. People have questioned its future the last month with Charlie Lee exiting his position in Litecoin and with Lightening Network implementation potentially making Bitcoin a lot faster & cheaper.
The big reason the LTC community is optimistic is the introduction of Litepay, which will basically allow business to accept Litecoin as payment and have that payment instantly deposited into fiat into their bank. There are other currencies as fast and with as cheap fees but LTC has the leg up on most of them.
VECHAIN (VEN)
I recently blogged about why in my opinion VEN is going to be so successful here:
https://steemit.com/cryptocurrency/@metallica73/vechain-ven-are-crypto-investors-too-short-termist-to-appreciate-this-gem
The price has dipped even further than I mentioned on my post during the latest BTC bloodbath, and VEN looks a good buy when you consider they are having a massive rebranding event at the end of this month in Singapore. There is a big chance VEN will hit $10 at the end of this month and be a top 10 coin by the end of the year.
ZCLASSIC (ZCL)
This is a riskier pick, but is almost a no-brainer in that it should double from its current price no matter if people value the upcoming Bitcoinprivate (BTCP) fork or not. Again this is happening toward the end of the month. This is more a short term option, and the strategy for maximizing profit here is down to the individual. ZCL will dump hard after the snapshot is taken, possibly 80% so many will want to take profits beforehand. Others will assume BTCP will be worth a lot more than other BTC forks and wait it out.
What are your picks for the best profits in a possible resurgent Crypto market?