Three promising cryptocurrencies

Bitcoin's recent rise has reignited interest in cryptocurrencies, as most investors prefer to buy and hold, with only professional traders profiting from declines.

While Bitcoin has shown remarkable growth over the past few months, this doesn't necessarily mean it's the right asset to buy.

It's better to consider other virtual currencies that have promising prospects but haven't yet seen such growth.

Thanks to the rapidly developing crypto market, the choice is truly wide, but we'll focus on the more liquid ones.

It's preferable to be able to open trades in a trader's trading terminal rather than relying on specialized exchanges.

The primary criterion for assessing the potential for growth is the highest price reached by the cryptocurrency in question. At the same time, we'll also note how rapidly the currency has grown recently.

Because if a cryptocurrency has recently seen strong growth, it is likely to quickly reverse, and you should not invest in that currency.

Bitcoin Cash (BCH)

A year ago, this currency managed to reach its maximum of $1,400, after a long decline and an impressive gap, it began to rise again.

Currently, the price of BCH is $412 per Bitcoin Cash, meaning that the prospects for growth are quite high, despite the fact that the cryptocurrency has recently grown significantly.

Currently, the market is flat for this asset, so it's recommended to wait for it to start moving to avoid a correction.

Ethereum (ETH)

is an even more interesting and promising asset; its price once reached $800 per Ethereum.

After a dramatic decline, the price is now gradually rising and has already reached $270. As you can imagine, it's still a long way from last year's price peak.

Furthermore, this cryptocurrency can be found in the terminal of almost any forex broker.

Ripple (XRP)

is one of my favorite cryptocurrencies; I managed to make quite a good profit with it at one time, and its chart still looks quite interesting:

The peak price recorded last year was $2.78 per Ripple, and the current rate is just 0.43 cents per unit.

This means that even without leverage, you can still make quite a bit of money; the difference between the peak and the current price is more than sixfold. And the virtual currency itself is quite inexpensive.

However, it's important to remember that time is of the essence; in a few months, the situation could change dramatically, making it too late to buy cryptocurrency.

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