The market has stabilized, but it is still deep in bear territory. However, if bitcoin (BTC) holds above $4k in coming weeks, then it could be an indicator that the bear market is finally coming to an end. This presents investors with an opportunity to accumulate on good coins. Some of the coins worth keeping an eye on in this market are Dash coin (Dash), Electroneum (ETN) and Verge (XVG). These coins have the potential to make investors lots of money in the next Bull market.
Dash has lost a significant chunk of its value in the crypto downturn of 2018. However, it could be headed for a major bounce in the next Bull Run. It has the fundamentals for it. One of Dash coin’s core fundamentals is its fungibility. Fungibility is what makes Dash coin money, and valuable. Fungibility simply means that a coin’s history has no bearing on its value. This aspect to Dash coin has seen it gain adoption as one of the most used cryptocurrencies in the world today. Dash also has an organization that pushes for its adoption, which means its stand a chance at growth at a faster rate than its competitors in this market. With such strong fundamentals and the fact that Dash coin has lost a huge portion of its value, it stands to make a significant bounce as investors move to take advantage of undervalued cryptos, with long-term potential. It’s without a doubt a coin worth keeping an eye on, as the market gets closer to bottoming out.
Electroneum (ETN) has made a significant bounce in the last 24 hours, gaining by over 18% at the time of writing. That’s an indicator that investors are taking a keen interest in Electroneum, as bitcoin shows signs of bottoming out. There are several reasons why Electroneum is drawing in high investor interest. The most important one is that it has the potential to dominate the payments market. It stands to dominate this market because it is designed for instant crypto payments, a feature that it holds a patent for. Electroneum also has KYC, which places it in a unique position for adoption by mobile providers. This potential will play a significant role in driving up the price of Electroneum as investors take up positions in ETN in anticipation of a possible pump as the partnerships come up.
Verge has not had a good year. However, in recent months, its adoption levels have risen significantly. It has made major improvements on its tech, such as improvements to its stealth addressing. With all these factors at play and the fact that Verge is trading at a massive loss from its all-time highs, it then follows that it is heavily undervalued. On this basis, it stands a good chance for growth the moment investors get the impression that the market could have hit the bottom. This could push Verge (XVG) to over $1 in the Bull Run. It’s growing partnerships and strengthening tech justify it.