What is expected from altcoins in the face of the present market decline? For a lot of investors, it is the ability of the digital currency to recover and embark on an appealing journey. Here are three digital currencies that could do that when the expected bullish trend returns.
Just like other digital currencies in the market, NEM has also experienced a drastic decrease in its value due to the ongoing decline in values. NEM (XEM) is presently trading at 23 cents, after losing 23 percent of its value in the past seven days. The expectation of this digital currency is that it has sufficient corporate and community support to bounce in the coming weeks and months.
The NEM development team has also set aside a bounty program that should see the digital currency gain more traction from marketing. The program will focus on areas such as ICOs, academics, government decentralized apps on NEM, writing, meetups, etc. The value of NEM (XEM) may be in the red for some time, but the digital currency has the potential to bounce back.
Binance Coin (BNB)
Barely two weeks ago, it seemed that Binance Coin was capable of mounting a rally in the middle of the bear market. The feeling was the digital currency could reach the $20 mark as positivity doubled up. As at then, one of the biggest digital currency exchanges – Binance, announced a doubling of its bonus from 20 percent to 40 percent for daily hodlers.
This increased the value from $12.36 to $16.22, but it later settled for $15.14. The coin has a lot of potentials to grow, and as more digital currency pairs are added to Binance, the value of BNB is expected to move upwards.
Ethereum Classic (ETC)
Ethereum Classic is about to undergo a hard fork. According to the Ethereum Classic team, the major takeaway of this hard fork will be mining ease. Nevertheless, it will also make the network faster, and reduce the speed of transactions from 26 seconds to 14 seconds per block. As a result of this, the value of the digital currency is expected to skyrocket.