As the Bitcoin price faces another brief correction following the recent push, now is an excellent time to look at alternative markets. Various altcoins note heavy trading volume, which might allow them to break out a bit. Diversifying a portfolio is always a viable option.
It has been an exciting month for Litecoin, often labeled as the silver to Bitcoin’s gold. Thanks to a 33.3% gain in the past 14 days, one LTC now trades at nearly $180. Its daily trading volume surpassed $10.3 billion, which is not too fr off the market capitalization. Trading and accumulation are not mutually exclusive in markets like these.
Despite various exchanges delisting Ripple’s native asset’s trading, speculators continue to express an appreciation for XRP lately. It also has a substantial trading volume of over $9 billion, although it seems unlikely the price will go past $0.535 this week. Still, nothing is ever certain in these markets. Trading the asset becomes increasingly difficult, yet one can always find it on Binance, Kraken, Bitfinex, and others.
Binance Coin (BNB)
Many people are taken by surprise as to how well BNB performs as of late. Native exchange tokens will often appreciate over time, but surpassing $145 is unheard of. Thanks to $8.74 billion in 24-hour trading volume, the sky appears to be the limit for BNB. Simultaneously, one has to wonder how much of this price momentum is real and which role wash trading may play in this scenario.
In the cryptocurrency industry, specific projects tend to get ignored for long periods. Cardano is one such project, even though it notes a 178.8% gain in the past month. Today, ADA has over $8,3 billion in trading volume, indicating this bull run may not be over just yet. The all-time high of $1.18 is still well out of reach, but something unexpected can happen at any given time.
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