High potential coins to invest in today : Ripple (XRP), Siacoin (SC) & Po.et (POE)
Ripple has had a stellar week breaking above the $0.60 level. This pump is largely attributed to the massive pump in the entire market in the last 48 hours. A pump that also saw bitcoin push up by over $1000.
Ripple has also benefited from the rumor that it could be added on Coinbase.
If the current sentiment on the internet is anything to go by, there is a good chance that Ripple will increase in price in the near future.
In the last 24 hours, Ripple has been mentioned around 69 times on different platforms, and out of those, 69% of them are positive. That’s an indicator that there is strong buying pressure in the market to support a further increase in price. The current drop of around 8% could just be a correction, before Ripple continues on its upwards surge. Further upward momentum could come if Ripple is declared a currency by U.S authorities.
If Ripple overcomes this regulatory hurdle, it could easily break back above $1 within 2018. The upside potential for this crypto is high.
Siacoin is one of the biggest gainers in the day, pushing up by more than 20% in the last few hours. At the moment, Siacoin is benefiting from the reopening of mass account registrations on Bittrex. This has pushed up trading volumes for most altcoins, and Siacoin is one of the biggest gainers. It is also benefiting from the launch of the Siafunds tokenized securities offering. This is now live and is driving investors into this crypto since it will increase its intrinsic value. This launch is also coming at a time when Siacoin has reached over 100k subscribers on Twitter. Clearly, there is a strong investor interest in this crypto at the moment due to its fundamentals.
It is also benefiting from the market wide gains that have seen bitcoin gain more than $1000 in just under 2 days. If this market wide pump continues, coupled with Siacoin’s strong fundamentals, then this coin is poised to make even bigger gains in coming days.
This is one of the most interesting blockchain projects out there because it targets a segment of the market where there is a strong demand for blockchain driven solutions, and that’s the area of copyrights. Po.et is designed to make current copyright laws obsolete because it allows for content verification on the blockchain.
Like the rest of the crypto market, Po.et has made some major gains in the last few days. However, it seems to have a stronger upside momentum than most major cryptos at the moment. Today, Bitcoin has eased some 3%, but Po.et is up by over 4% in intraday trading. It is an indication that there is a strong bullish momentum in Po.et at the moment.
This is most likely being pushed by the announcement that Po.et will be launching a WordPress page, where bloggers can automatically submit blog articles.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.