Opportunities to invest and profit in the coming years can be found in the midst of the FTX liquidity issue and the consequent meltdown of the crypto market. A downturn in the crypto market can be seen as both a blessing and a curse.
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A blessing for those who buy the correct crypto assets at the right moment, even amid a market meltdown, and a curse for those who sell their valued assets in a panic without seeing the big picture.
This is the list for you if you’re wanting to invest in altcoins with a yearly time horizon.
Currency symbol for Litecoin, or LTC
A machine learning-powered forecasting method predicts that by 2023, LTC will be one of the most rewarding virtual currencies to invest in if you’re seeking for a high return. It’s possible that your return on investment won’t be as high as it was in 2018 or 2021, but it should still be respectable.
Data shows that the last 12 months have been bearish for Litecoin (LTC). The future for LTC is bright, and bullish trends (runs up in price) are expected, according to market watchers.
Cardano (ADA)
Cardano (ADA) can be a terrible or high-risk investment decision for a 1-year time horizon if you’re looking for cryptocurrencies with a favourable return. Using statistics from coinmarketcap, we can see that Cardano has dropped from $2 to $0.3608 in the past year. Your current investment likely will lose value in the future.
Transportation Exchange/Fast Ternary Transfer
Future prospects for FTX are unclear as the exchange suffers through a severe liquidity problem. Most FTX HODLers, including crypto heavyweights like Binance, have sold off their holdings in recent days. Since this time last year, the price of FTX has dropped from $59.2 to its current trading price of $3.37.
As indicated by these price projections, FTT is not a good choice for the long haul. Your FTT holdings will likely decrease in value over the next year.
Source: Google Trend