The cryptocurrency field is characterized as both volatile and exciting. There are times when reliable altcoins fail to perform at their best, while the underrated gems emerge as the ultimate winners of the race. It can be especially difficult to analyze notable coins that may generate stable returns versus volatile coins, which can rob you of all your savings and investments.
With that in mind, here is our pick of the top three crypto coins likely to generate steadier profits this bull season.
Top 3 Cryptocurrencies to Hold for Stable Profits (10x) This Bull Season
Cryptocurrency #1: Solana SOL
Solana has led the current bull run in all its glory, projecting a stellar price position. The SOL ecosystem was full of new coins and pre-sale projects that helped the token reach new heights.
The Solana ecosystem recently rolled out a congestion bug fix in its blockchain, which will prevent the network from crashing due to heavy traffic and trading.
This can help Solana onboard new users as the network is primarily known as a hassle-free, low-cost, and efficient blockchain in the Web3 vertical. This will help SOL quickly recover all its lost value, crowning itself as a major player in the web3 space.
According to CoinCodex, Solana could see a notable price rise following the Bitcoin halving. Per CC, SOL could gain 13% to trade at $150 by the end of April 2024.
“Solana price could rise by 13.54% and reach $150.73 by May 18, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index shows 57 (greed). Solana has recorded 15/30 (50%) green days with a price volatility of 9.78% over the last 30 days.
Cryptocurrency #2: Ripple XRP
XRP has long been embroiled in a heated legal dispute with the SEC. Despite its slow pace and the prolonged legal war with the SEC, the token continues to maintain its position. XRP’s magical price path is progressing primarily thanks to Ripple, its parent company, which is relentlessly pursuing monumental new partnerships with major financial players in the industry.
These new partnerships are key ways for Ripple to gain notoriety, helping its XRP token regain its lost fortune sooner or later. Once the legal war with the SEC ends, XRP could recover and regain its value, making it a valuable asset to hold and explore.
According to CoinCodex, XRP will gain 15% by the end of April and will trade at $0.56 on May 17.
“The price of . XRP recorded 14/30 (47%) green days with price volatility of 7.50% over the last 30 days.
Cryptocurrency #3: Ethereum ETH
Ethereum is considered the second best cryptocurrency after Bitcoin. With the Bitcoin Halving event knocking on the door, the event could spark a chain reaction, leading altcoins to document a notable price rise.
Ethereum could also benefit from this change, helping the token seek stability in its price levels.
According to CoinCodex, Ethereum could rise 2% to trade at $3,107 by May 17. The slow but steady pace of pricing is what promises stable profit margins to its investors in the long run.
“TEthereum price could rise by 2.87% and reach $3,105.24 by May 18, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is reading 57 ( greed). Ethereum recorded 16/30 (53%) green days with price volatility of 4.90% over the last 30 days.
reference: watcher.guru