As we enter into Q3, it’s time to take a look at which cryptocurrencies are worth keeping an eye on. Here are our top 5 picks for this quarter:
1. Bitcoin – Despite recent volatility due to the COVID-19 pandemic and Facebook’s Libra announcement, Bitcoin remains one of the most stable and popular cryptocurrencies available today. With its decentralized nature and limited supply, many experts predict that Bitcoin will continue to rise in value over the long term.
2. Ethereum – While not as well known as Bitcoin, Ethereum is quickly becoming one of the hottest cryptocurrencies around. Its unique blockchain technology allows developers to create smart contracts and other innovative applications, making it ideal for businesses looking to leverage the power of blockchain.
3. Litecoin – Similar to Bitcoin but with faster transaction times and lower fees, Litecoin has become increasingly popular among investors who want exposure to the crypto market without breaking the bank.
4. Dash – Another altcoin that’s gaining traction, Dash offers users complete privacy and anonymity when sending transactions. This makes it particularly appealing to those concerned about their financial privacy.
5. Monero – Like Dash, Monero also provides users with complete anonymity when sending transactions. However, unlike Dash, Monero uses a different type of encryption that makes it even more difficult for anyone to track or trace transactions.
The latest news from the coronavirus front suggests that while some countries have begun to ease restrictions, others are still struggling to contain the spread of the virus. As such, the impact on crypto markets continues to be uncertain. That being said, Bitcoin’s price surged last week after Facebook delayed the launch of its Libra currency until at least 2021. Many analysts believe that this delay gave investors renewed confidence in Bitcoin’s dominance as the world’s leading digital currency.
In other news, Vitalik Buterin, founder of Ethereum, recently spoke out about the future of blockchain technology. He believes that while there may be challenges ahead, including scalability issues and regulatory hurdles, blockchain has the potential to revolutionize industries ranging from finance to healthcare to logistics.
Finally, several altcoins are currently making waves in the crypto space. These include Litecoin, Dash, Monero, and others. Each of these coins offers unique features and benefits that make them attractive to investors seeking diversification beyond just Bitcoin.
Regulators around the world continue to grapple with how best to regulate cryptocurrencies. Some countries, like China and India, have taken a hard line stance against crypto, while others, like Switzerland and Malta, have embraced it as a new form of money. It remains to be seen what kind of impact these regulatory decisions will have on the broader crypto landscape, but it’s clear that policymakers are taking notice of this rapidly evolving industry.