Its time again to analyze our last trades and see if we can find other interesting altcoins on the market!
Bitcoin Cash. Bought at $1,272, it closed the week almost at $1,300. Not a huge profit, but still a good choice.
Dash. Nothing really changed for this cryptocurrency during last week. It seems that it is following Bitcoins performances.
Decred. From $77 to $80, almost +4%.
Diamond. From $12.97 to $13.65, another good altcoin that gave us a small profit. Today, Diamond is facing huge losses, -14% at the moment. This gives us the opportunity to take Diamond this week again at a discounted price.
Nexus. This is what I wrote a week ago: The total volume of buy offers around the current price is impressive!. After two days, Nexus passed from $1.77 to $5.18, +193%!
PS: I only got +172% because I decided to quit the investment before it reached its peak.
Yesterday, I was analyzing new opportunities on the market and it was quite clear to me that many cryptocurrencies were overpriced. This is the reason I decided to publish the article on Tuesday (and not Monday). At the moment, this choice is proving to be right because there are just a few altcoins that are increasing their value.
Lets see this weeks choices:
1. Dash (DASH)As mentioned above, altcoins lost value at the beginning of the week and so we have the opportunity to take some of them at a discounted price. Im choosing Dash again, this time at $578.
2. Zcash (ZEC)Zcash is in a short-term downtrend, but the demand is high around $370-$380 and I believe that this will be enough to invert the negative trend.
3. OmiseGO (OMG)This is a very strong cryptocurrency and a popular choice for many investors. It is in a good trend, but its been one of the worst altcoins for last week. I believe that it was just a correction of the market and OmiseGO price will start to go up again.
4. Diamond (DMD)Todays performance is terrible for Diamond, but it gives us the chance to take again this coin at a very tempting price. On top of that, the psychological barrier of 100,000 satoshis is near and represents a good support.
5. GameCredits (GAME)The reason I choose this coin is the same that led me to choose Nexus last week: the volume around the current price is impressive. $2.23 is the current price and is increasing very fast.
Another good week! Small profits with most of our choices and a very nice and huge profit with Nexus. I leave you with my usual recommendation: remember that Im only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you cant afford to lose.
Good luck!
Original article here:
http://quoraforexquestions.com/interesting-altcoins-week-05-mar-11-mar/