Top 5 cryptocurrencies to watch this week: BTC, BNB, NEO, LINK,

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    With the price of top cryptocurrencies like BTC and ETH continuously dropping, investors/traders are moving towards more stable and value-driven coins, including TTN and NEO.

     

    However, that does not mean that people are going to stop investing in Bitcoin. On the contrary, experts believe that this temporary downfall in the Bitcoin prices is actually going to be a good thing for the coin, as traditional investors might be encouraged to invest at high prices. Nevertheless, the recent trends have confirmed that the user interest in value-based cryptos is growing each day, and so we can see a significant rise in the number of people investing in such cryptocurrencies.

     

    Now, let’s get to know about the top 5 cryptocurrencies that everyone should look out for, this week and beyond.

     

    Bitcoin

     

    Bitcoin started its journey downwards after reaching a year-high of $12,200 on August 18, 2020. Ever since, it has maintained a price of ~$10,000 but is struggling to get support beyond this level.

     

    Given the high volatility that BTC has shown in the past, nothing can be said for certain about whether or not it will break the barrier in the coming days. But, yes, bitcoin investment still remains a lucrative option for beginners and expert traders alike.

     

    Binance Coin (BNB)

     

    BNB, which now sits at 5th position in the Coinmarketcap ranking of top cryptocurrencies, showed some positive signs this week. The price that started at around $21 at the start of the week, is now over $30 (at the time of writing this article), with no indication to stop anytime soon. This week is expected to be better for Binance investors and traders.

     

    NEO

     

    NEO, the open-source cryptocurrency backed by its blockchain smart contracts, has been an investor-choice ever since it was founded in 2014. Even this week, it has shown significant depths, as the price moved from around $17 to over $21 in a matter of a couple of days. But again, nothing is certain with cryptocurrencies, and one must do their research before investing.

     

    Titan Coin (TTN)

    TTN, which is a relatively new player in the market, has been giving a strong run for money to top competitors like Ripple and NEO. The user interest in this coin has improved significantly over the past year, mainly thanks to the TTN’s solid global payment gateway and a set of apps, called TitanProjects, that promise greater uses and liquidity for the coin. Titan Coin might just become the next big crypto thing, so you better keep an eye out for it.

     

    LINK

     

    LINK (Chainlink) is said to be the next big cryptocurrency of our time. And the data definitely agrees to that. In the past week or so, the LINK price has moved between $11 and $13, which shows the user interest is varying in this coin. This also shows a good future for the currency and the project it backs.

     

    In the end, I would just say that one should invest in the project and not in the coin. Do your research, get to know the project, the team and the concept. If it’s something that drives you, become a part of it. Keep an eye on the market, and keep adjusting your portfolio accordingly.