Bitcoin
Bitcoin is the world’s largest cryptocurrency by market capitalization and is often the first digital currency that comes to mind when discussing the crypto space. Bitcoin has seen a strong rally in 2020, with its price increasing by over 50% since the beginning of the year. Despite this, the currency is still well below its all-time high of nearly $20,000 and may have some upside potential in the week ahead.
Ethereum
Ethereum is the second largest cryptocurrency by market capitalization and is often referred to as the “king of smart contracts”. Ethereum has seen a strong rally in 2020, with its price increasing by over 150% since the beginning of the year. Ethereum is currently trading at around $235, and may have some upside potential in the week ahead.
Ripple
Ripple is the third largest cryptocurrency by market capitalization and is often referred to as the “king of remittance”. Ripple has seen a strong rally in 2020, with its price increasing by over 200% since the beginning of the year. Ripple is currently trading at around $0.20, and may have some upside potential in the week ahead.
Litecoin
Litecoin is the fourth largest cryptocurrency by market capitalization and is often referred to as the “silver to Bitcoin’s gold”. Litecoin has seen a strong rally in 2020, with its price increasing by over 300% since the beginning of the year. Litecoin is currently trading at around $50, and may have some upside potential in the week ahead.
Cardano
Cardano is the fifth largest cryptocurrency by market capitalization and is often referred to as the “Ethereum killer”. Cardano has seen a strong rally in 2020, with its price increasing by over 400% since the beginning of the year. Cardano is currently trading at around $0.08, and may have some upside potential in the week ahead.
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