It is safe to say that since the crypto winter of 2018, the digital asset ecosystem has finally received the new lease of life, that we’ve all been anticipating. Market leader Bitcoin has now crossed the $10,000 mark for the first time this year. Now that this first crypto rally has been initiated by BTC price, Following, it is normal to expect that certain cryptocurrencies will follow Bitcoin’s lead. This content highlights three of such altcoins that are expected to follow Bitcoin.
XRP (XRP) Price Today – XRP / USD
NEO may be one of the altcoins that offers good prospects but is still highly underrated in the crypto space. The coin’s scalability has correctly made it an investor favorite as we approach the summer.
With NEO’s ability to operate decentralized applications (dApps), the digital asset stands to grow exponentially and compete with other top cryptos that also run dApps with smart contracts.
When you go by the performance of the coin, between the months of January 2017 through February last year (where the price of NEO stood at $140.19), it is safe to conclude that there’s no doubt that NEO is a must buy coin.
The network’s fast processing time, as well as its adaptability in programming, places NEO on the list of the best altcoins to watch out for after Bitcoin initiated a fresh rally.
Another digital asset to look out for is BNB. Binance coin is the token of Binance exchange (the largest digital asset exchange in the world). BNB is one of few altcoins that has the potential to become a top performer in coming weeks or even months.
Despite its recent issues with U.S. regulators, Binance Coin holds the potential to initiate a great improvement when it comes to steady growth and price improvements.
The reason for this is that most exchanges can be like a hidden treasure in the space which offers an edge against many other altcoins that exist to cover the exchange of other coins.
A cursory look at crypto prices from the month of July in 2017, when Binance Coin was just as low as ten cents. Now it is trading at $37 today. This is an indication of substantial price growth for the coin this summer caused by the utility of the asset class. Because when an asset increases in usage, its value increases as well.
As the third largest digital currency by volume, with the ability to gain institutional acceptance for its usage, makes XRP a cryptocurrency, with the capacity to take the virtual currency world by storm.
XRP’s ability to allow real-time settlement within global financial systems has made it an alternative to settlement systems like SWIFT, Western Union and MoneyGram.
It is certain that the price of XRP will see it become a more robust crypto in the medium-term or long-term.
Taking a look at XRP price from January 2017 to this day shows that the coin could soon undergo surges like the one from 2018 because a similar support position has surfaced as it was at that time.
Based on the support position and the other fundamental factors, like institutional interest in digital currencies in overall, we can conclude that fundamental prices of XRP will make it a coin to watch as we enter the summer season.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.