I have felt this week with lots of hope as the entire cryptocurrency market is on a bullish look and ethereum doing a 5% rise in the late hour of yesterday and at the moment selling for $3,254 which
Is still and good price with many expecting next next altcoin season. what are your recommended altcoins or defi token to invest in for quick profits at the moment.
Yeah, it has been the most productive week for altcoins and the altcoin investors. And I think that the most profitable altcoins these days are:
- Ethereum
- BNB
BNB has done really really well but I have to say that it's very high risk too because:
The chain is centralized and most nodes are probably owned by CZ and other insiders
If something happens to Binance (legal or otherwise), the chain could go down because of the above
If Binance is shut down, all of those pegged BNB chain coins like XRP and IOTA will be stuck on a dead chain
For these reasons I have made sure not to invest in exchange based chains and instead invested in Fantom and Candle Chain. Despite the success of BNB chain, I think these have less risk and more upside.