Top 5 cryptocurrencies to watch: BTC, ETH, VET, MXR, FTT

Cryptocurrencies and Blockchain are the two things that have brought in a wave of transformation in the industry. We have seen so many developments in both these aspects of technologies since 2009. It was this year when the world got to know about Bitcoin, a digital currency. It was a digital financial revolution that worked on Blockchain, which aided peer-to-peer exchange. And it led to the beginning of a new era of the financial revolution. After Bitcoin, there were other currencies that made their way and included names like Ethereum, Litecoin and others.

Despite initial resilience and apprehension surrounding the sustainability of cryptocurrencies, they managed to grow and became popular. Many investors started to invest in this technology, and because of this, it resulted in the rise of other cryptocurrencies. Companies started to hire cryptocurrency experts and Blockchain experts who can help them in expanding in different zones. So, if you too want to know about some of the popular cryptocurrencies like Bitcoin, ETH, VET, MXR and FTT, read ahead.

1. Bitcoin- The first cryptocurrency on our list has to be Bitcoin. After an initial slow down, Bitcoin witnessed an uptrend in the month of March and reached an all-time high at $58,341. If this trend continues, then we can expect it to reach a mark of $72,112.

2. Ethereum- The next cryptocurrency that has garnered much attention is Ethereum. This March, Ethereum broke above the 78.6% Fibonacci retracement level at $1,879. But the bulls were not able to sustain it and challenge the all-time high at $2,040. Ts shows that bears are defending ETH between $1,879 to $2,040.

3. VeChain or VET- It started above $0.0345 to $0.0607 on March 8th, 2021. It indicates that bulls have overpowered bears. If the price shoots up to $0.0607, it shows that the level has flipped to support.

4. MXR or Monero- Despite the resistance, the MXR started at $232.39 on March 13th, 2021. It shows that the amount is expected to reach $288.60. But the bears are trying to pull back the price at $232.39, and if they become successful, then it can drop to 20-day EMA. However, the gradual rise of the 20-day EMA shows some minor growth for the bulls.

5. FTT or FTX Token- It broke out at $35 on March 9th, 2021. And this continued to uptrend, and if it goes on the same way, then it is expected to reach up to $50.

This was the basic information on how some of the popular cryptocurrencies are performing in the market. For any individual to invest in cryptocurrency, they must keep a close watch on the growth of these currencies in the market. A regular check on the trend of cryptocurrencies makes it easy for you to plan your course of the investment. Also, you need to know about the various cryptocurrency and how they work.

It is best to enrol for the best cryptocurrency learning course by the Blockchain Council. You can also become a Blockchain expert by enrolling on their Blockchain certification program. To know more, connect with the Blockchain Council today.

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Yashasvi Gupta

Yashasvi Gupta

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