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Billions of dollars flow into cryptocurrency daily as investors try to get more value out of their invested money.
Nairametrics decided to highlight crypto assets that are likely to make investors and traders smile at the bank.
The first choice is Zcash (ZEC). It’s in Nairametrics’ best pick, on the grounds that it will undergo its first halving this November. This means that its inflation level would be reduced to around 13%.
READ: About 33% of pension funds, hedge funds now own digital assets like Bitcoin
READ: 3 Tron investors transfer 719,000,000 cryptocurrencies
It also means that the inflation correction due to the Zcash halving could likely give a temporary increase.
Ethereum makes the list on the grounds that investors have increased their buying pressure on the second most valuable cryptocurrency by market value, along with the bias that the Ethereum $ ETH Number of Addresses Holding 0.1+ coin has just reached an ATH of 3,590,870.
An earlier ATH of 3,590,669 was observed on October 30, 2020.
READ: PenCom recovers $ 17.51 billion from defaulting employers, imposes penalties
📈 #Ethereum $ ETH The number of addresses with more than 0.1 coins has just reached an ATH of 3,590,870
An earlier ATH of 3,590,669 was observed on October 30, 2020
View metric: https: //t.co/rW81qhwy4d pic.twitter.com/csNHWnBIL6
– glassnode alerts (@glassnodealerts) October 31, 2020
The third choice is Cardano (ADA), believing it is heading towards the release of the smart contract, sometime in November, which will lead to a significant amount of applications built on Cardano by this 2021 period. This means that more developers will see it as an attractive means to build. their desired app.
READ: Most Profitable Asset in a Decade, Bitcoin Up by Over 26,600,000%
And of course the most valuable crypto in crypto-verse, Bitcoin. This choice is for obvious reasons: it remains the most liquid cryptocurrency and has attracted high institutional interest, most recently from PayPal, which means it may only be a matter of time before the crypto asset becomes the asset of choice for port security.
Additionally, miners are earning record high commissions, recent reports from Glassnode, a crypto analysis firm, reveal. Revenue from bitcoin miners’ commissions (1d MA) just hit a 2-year high of 0.296.
READ: Ethereum whales on the rise, as Ether hits $ 420
The previous 2-year high of 0.295 was observed on October 30, 2020.
📈 #Bitcoin $ BTC Miner Revenue from Fees (1d MA) just hit a 2-year high of 0.296
The previous 2-year high of 0.295 was observed on October 30, 2020
View metric: https: //t.co/d4U9MP8vqn pic.twitter.com/FSh6rfvwdZ
– glassnode alerts (@glassnodealerts) October 31, 2020
Disclaimer: Nairametrics, with the help of other major financial data providers, through their pricing performance in percentage terms, has classified financial assets into specific categories.
READ: Bitcoin could reach $ 225,000 by 2021
The goal is to provide the necessary information on the best performing financial assets around the world and should not be seen as investment advice or guidance, as Nairametrics recommends seeking the services of a certified financial advisor for such services.
Therefore, Nairametrics assumes no responsibility for any trading losses you may suffer as a result of using this data.
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