The market is all green today, and most coins are up by an average of 5%, with some in the double digits. While the market could still correct again, the longer term charts paint a picture of a market that is in recovery. Upside momentum is being reinforced every week. This means that a well-timed position in high potential crypto at this point can actually make you rich this year. Some cryptos that can make you significantly wealthy in a 2019 bull run are Bitcoin (BTC), Litecoin (LTC) and Binance coin (BNB). Let’s go through each of them, and why it has the potential to make you rich.
For over a month now, Litecoin (LTC) has been on an uptrend and is up by over 100%. With every correction, it seems to be forming new highs. If it continues with its current trajectory, disbelief will turn to hope and a total recovery will follow. As the year progresses, Litecoin will be boosted by the upcoming Litecoin halving, which will increase the mining difficulty. While the event itself may not have any immediate impact on the demand and supply of Litecoin (LTC), the perception of the same will most likely push up the value of Litecoin (LTC) by a huge margin. This makes Litecoin one of the cryptos that could shoot up by a huge margin this year.
This is another winner that is likely to make investors rich this year. Binance coin has already recovered half of the bear market losses and continues to show strength. From a look at its fundamentals, this coin has the potential to make investors extremely wealthy this year. For starters, investors need to buy Binance coin in order to participate in the projects being launched on the Binance LaunchPad. This creates massive demand for this coin since as more people participate in these projects, the more of it will be bought. So far, several successful projects have launched via this platform and pushed up the demand for BNB. This combined with market-wide bullish sentiment will make Binance coin one of the best coins to watch this year.
Bitcoin (BTC) still remains king of the crypto market. It’s still the crypto that determines where the market goes. When it pumps, everything else pumps. At the momentum, there are a number of factors that support a massive Bitcoin pump this year. The biggest of these is the halting of the CBOE Bitcoin futures. The cash-settled Bitcoin (BTC) futures may have held down the price of Bitcoin for over a year now. Actually, the bear market started once the Bitcoin futures were launched. In essence, now that they are being halted, it could be a lifeline for Bitcoin (BTC). Based on the scarcity aspect of Bitcoin (BTC), this crypto could easily shoot up back to its all-time highs from current prices. Besides that, news of Bitcoin adoption is on the rise and will add to the positive sentiment as prices continue to rise.