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Cryptocurrencies are one of the riskiest asset classes on the market today. This is a market where double-digit fluctuations are common all the time. However, even in this risky market, some cryptocurrencies carry even more risk than others due to prevailing circumstances.
The good news is that if things go well, such cryptocurrencies also have huge growth potential. It is gambling that can bring huge profits. Several cryptocurrencies currently have such potential. Here are some of them.
Bitstamp is a leading cryptocurrency exchange offering fiat or cryptocurrency trading in general. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
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Celsius is proud to offer a platform of curated services abandoned by big banks, including fair interest, zero fees, and lightning-fast transactions. Our goal is to disrupt the financial industry, one happy user of him at a time, and introduce financial freedom through crypto.
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Celsius (CEL) has faced many problems recently and is currently suffering from bankruptcy. This has caused the value of the Celsius token to plummet in recent months.
However, today, Celsius has surged by more than 20% and could go higher in the short to medium term. This is because Celsius has announced a recovery plan called “Project Kelvin”.
If investors believe the plan will work, we can expect Celsius to do so soon. FOMO could easily see a rise of over 100% Celsius, especially if the overall market rises after the Ethereum merger.
This is a high-risk cryptocurrency, but it is also a cryptocurrency that can offer great returns on investments.
Terra ClassicUSD (USTC) is a failed stablecoin and many people lost their savings when the Terra ecosystem collapsed a few months ago. However, the last few weeks have shown it to keep pace with Terra Classic (LUNC) price volatility. In his latest LUNC rally, the USTC also rallied.
In essence, apart from failing as a stablecoin, this cryptocurrency has great potential for exponential gains should LUNC rise again. While there is a risk that LUNC will crash, it is also likely that the recently introduced tax that accelerates token burns will help push prices higher.
Thanks to the price correlation between these two cryptocurrencies, such a rally could allow USTC to offer investors double- and even triple-digit profits in the short term.
eToro is one of the world’s leading multi-asset trading platforms offering the lowest commissions and commission rates in the industry. Perfect for beginners due to the social copy trading feature.
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Since 2018, Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the team’s years of experience in fintech and the power of blockchain technology, Nexo will enable millions of people to tap into the value behind crypto assets, shaping a new and better financial system. .
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ApeCoin (APE) was one of the most popular cryptocurrencies in the first quarter of 2022. But then it lost momentum. While this has a lot to do with the bearish trend across the cryptocurrency market, it also faces risks associated with the organizations behind ApeCoin, Yuga Labs and Bored Ape Yacht Club NFT. Yuga Labs is threatened by a class action lawsuit over what investors have called the improper promotion of his NFT.
Outraged investors claim Yuga Labs is using celebrity influencers to artificially drive up NFT prices. At the same time, Yuga Labs is embroiled in legal drama with an artist named Rydah Ripps.
All these issues make Ape Coin very risky as the cryptocurrency is in a bear market. However, it should be noted that Ape Coin has great potential for his FOMO purchase due to its association with one of NFT’s most famous lines. That’s why, despite the risks that come with it, it’s a cryptocurrency to watch today.
