Have been looking for the most viable altcoin of the the week, as we are all aware of the deep that is currently happening in the entire cryptocurrency market, Bitcoin is my most preferred choice at the moment but am also looking for Alt that I can invest in for a long term basis that will offer me a passive profits in the long run.
Investing in altcoins at the moment is very risky, the market is not stable yet and the chance of it going upward is not guaranteed yet. Bitcoin could still dip more. The recent spike was because India just moved a step further to legalizing Bitcoin as they have added a tax to it. This is a very positive new although it did not have much impact on the market as the bears are still active in the market.
Before investing in altcoins, make sure Bitcoin has had a stable form for something and has an indication of a upward movement. Altcoins always wait of Bitcoin to move before they move as well so if Bitcoin is not looking promising better to just hold stablecoin.