As cryptocurrencies continue their descent into a bull market, well-known influencer Ben Armstrong recently outlined what he believes are the most promising and safe altcoin investments for the bull market.
The three safest altcoins to invest in
Ben highlights the potential of Polygon, Ethereum, XRP and Cardano. With their own unique technologies and compelling use cases, these cryptocurrencies present promising opportunities for savvy investors.
Ethereum, with its smart contract capabilities, and Polygon, an Ethereum scaling solution, are touted for their technological advantages in the evolving blockchain space. At the time of writing, both coins are bearish on the daily chart.
XRP, with its recent win against the Securities and Exchange Commission (SEC), gets a vote of confidence from Ben. The digital payment protocol is a powerful force in the cross-border payments landscape, and its legal clarification as a non-security is already driving the price up.
At the time of writing, XRP was worth $0.78, with a stunning 6.3% increase in the past twenty-four hours. Cardano secures a spot on this list due to its impressive scientific philosophy and robust development approach.
The coin’s upside potential, given its plans for smart contract functionality and financial inclusivity, is not lost on Armstrong, who points out that its strengths make it a worthy consideration for investors. Currently $0.31, up more than 3% in the last twenty-four hours.
Also Read: Leading Crypto Investment Firms Polychain Capital and Coinfund Secure $350M for Innovative New Funds
Regulatory Rumble: Not a Deterrent to Crypto Bulls
Ben does not ignore the importance of the regulatory landscape in his analysis. He draws attention to the recent court ruling in Ripple’s favor, signaling a potential trend in which blockchain companies could successfully argue against security ratings.
Ripple’s successful defense will set a precedent for other cryptocurrencies such as Tron and BitTorrent, whose legal status has been questioned, but which Ben is confident will not be classified as securities.