The crypto bulls are back with a vengeance. After more than a year in the red, Bitcoin is now gaining by double-digit percentages to trade at its current price of $8100. For investors who aren’t already in the market, Bitcoin may feel a little bit expensive at this point. Luckily, there is still an opportunity to capitalize on low-cost altcoins that could make significant gains, now that the whole market is picking up momentum. Three altcoins that have lots of potential at this point are XRP (XRP), Cardano (ADA) and IOTA (MIOTA).
XRP (XRP) has been stagnant for a long time. It has been trading in a stable range of $0.30 – $0.31, even as Bitcoin and other altcoins were gaining momentum. However, things are changing. Today, XRP (XRP) has broken out to the upside, and is up by over 20% at the time of writing.
This could have been triggered by the launch of XRP ETNs on Germany’s second largest exchange. Considering how vibrant the XRP community is, this bullish breakout could drive FOMO that could see it enter into an epic bull run. Its current price is also very attractive. Even if XRP (XRP) were to rise to its all-time highs, anyone getting in now would be in massive profits. It’s cheap enough to allow investors to accumulate a good amount of it.
Cardano (ADA) is another crypto that is relatively cheap, when compared to the price it was trading at, on its peak in 2017. But that’s not the most important aspect to it.
What’s most important is that since its launch, Cardano has made lots of progress in terms of technical development. In essence, it is actually extremely undervalued right now. It is also quite cheap, and with a few thousand dollars, one can accumulate thousands of Cardano (ADA). This makes it an altcoin that can give investors good returns now that bulls are back in the market.
IOTA (MIOTA) is another altcoin that took a huge beating in the 2018 bear run. In this period, it dropped from over $5 to lows of $0.22. However, it has made huge developmental progress ever since the bear market started. The number of partnerships has grown, and they have made tremendous progress towards Coordicide.
In essence, now that the bulls are back, IOTA (MIOTA) is perfectly placed for significant gains going forward. It’s already showing signs of a potential bullish breakout, and is up 18% at the time of writing. In essence, its current price makes for a good entry point. It’s cheap enough to allow for a good entry point, where one can accumulate a significant amount of this crypto at a relatively low cost. This is a huge opportunity because, if bulls sustain this push and IOTA (MIOTA) blasts past its all-time highs, investors could benefit immensely.
Based on where this market is at the moment, these three cryptos could be very strategic for someone who doesn’t have enough money to accumulate on Bitcoin (BTC) at this point.