The best way to profit from crypto is to take a long-term view of the market. However, it never hurts to take advantage of short-term price pumps and build up capital. Every month there are cryptos that always stand a good chance of pumping, relative to the rest of the market. This month is no different. While there are other coins that could pump this month, the following coins stand a higher chance of supernormal gains. These are Bitcoin Cash (BCH), Electroneum (ETN) and Digibyte (DGB). Here’s why.
Bitcoin Cash (BCH) is likely to keep pumping for the better part of this month. That’s because most investors expect that the upcoming hard fork will create two chains, which will give free coins to investors. This expectation is driven by the fact that so far indications are that the two competing factions are at 50/50 in terms of hash power. If this scenario persists until the date of the hard fork, bitcoin cash could easily FOMO to over $1000. That’s because investors will be rushing to buy in, and get some free coins. Already the pump has started. At the time of writing, Bitcoin Cash (BCH) is the only crypto in the top 10 that is in the money. This is an indicator that bullish momentum is building up, and will likely continue until the hard fork date comes.
Electroneum (ETN) has been pumping hard for the last one month and closed the month of October with gains of over 400%. That’s impressive considering that most cryptos ended October in negative territory. Going into November, Electroneum (ETN) is likely to keep pumping hard. That’s because of the upcoming implementation of KYC on the 12th of this month. The FOMO around this event will come from the fact that, the ETN team has stated in the past that KYC is the only thing holding them back from landing major partnerships. As such, with the implementation of full KYC, the market anticipates that some major partnerships could be in the works. This expectation will create major FOMO around ETN all through the month of November.
Digibyte (DGB) made significant gains yesterday. This was driven by its listing on Bitfinex. While these news have already been factored into the market, they will play a role to Digibyte’s performance this month. That’s because, prior to this listing, Digibyte (DGB) had taken a huge beating in price, dropping from 30th to 39th on market cap rankings. As such, with the Bitfinex listing, the prevailing sentiment is that this crypto is highly undervalued. As investors move to take advantage of this, the price has a highly probability of a pump. On top of that, the volumes that will come from Bitfinex, which is a major exchange, will add to the demand of Digibyte (DGB). These are factors that could see DGB FOMO back into the top 20s within this month.
While nothing is ever guaranteed in crypto space, these 3 stand a higher chance of exponential gains.