Cryptocurrency: 3 Coins To Explore If You Like Taking Risks
The investing sector is all about taking calculated risks. The cryptocurrency realm is no different in this aspect. The realm is filled with risky coins that, at times, offer lucrative returns to their holders. However such coins must be dealt with with care and accuracy to produce the desired results.
At the same time, a new pattern can also be decoded where certain risky coins have usually amassed robust community support. The allure of risky coins is always quite hard to resist, but with earnest research, the sector can holistically deliver the desired returns. Here are three such coins that may deliver stellar returns if explored and interacted with the utmost care and wisdom.
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Three Risky Coins to Explore
Cryptocurrency #1: XRP
The Ripple-XRP spat is one of the most controversial developments in the cryptocurrency realm. In 2021, the XRP token was accused of being a security, which then prompted the US SEC to explore legal proceedings against Ripple. The incident had a catastrophic effect on XRP’s price, which then derailed, resulting in the token being delisted from leading crypto exchanges.
But over time, Ripple has claimed partial victories in its case with the US SEC. The final verdict can be released at any time now, which may support XRP’s side of the case. This makes it a lucrative coin dip to explore before the token breaks into a bullish price streak.
Changelly predicts XRP to claim the $0.81 mark by the end of 2024. The platform shares that the token may achieve the $1 price mark by the year 2025.
“According to the technical analysis of XRP prices expected in 2024, the minimum cost of XRP will be $0.458. The maximum level that the XRP price can reach is $0.635. The average trading price is expected to be around $0.812.”
Cryptocurrency #2: BNB
BNB, or Binance coin, has also explored the controversial coin tag. Binance’s CEO, Changpeng Zhao, is said to possess 64% of the token’s supply, which casts dubious shadows of speculation on BNB’s integrity. With CZ owning such a large pool of BNB tokens, it creates problematic situations about token centralization and manipulation. Such elements can lead to further BNB deterioration.
However, the token continues to portray its mettle and is currently trading at a price level of $564. Moreover, Changelly predicts that BNB may soar and claim the $746 price mark by the end of 2024.
“According to the technical analysis of BNB prices expected in 2024, the minimum cost of BNB will be $530.07. The maximum level that the BNB price can reach is $638.07. The average trading price is expected to be around $746.06.”
Cryptocurrency #3: Shiba Inu
Referred to as one of the most popular meme coins, Shiba Inu has a fair amount of issues to explore. For instance, the SHIB ecosystem has long been promising to deliver updates related to the Shiba Inu Metaverse. At the same time, the slow development of Shibarium is another element putting a dent in its thriving ecosystem.
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The long delays and obstructions are posing as ill factors, deteriorating SHIB’s prestige in the long run. The fact that the token is unable to soar past critical price junctures is also sending mixed signals within the SHIB community.
However, despite such developments, Shiba Inu is consistently working towards stabilizing its price.
Changelly predicts the token will reach the $0.0000271 price mark by the end of this year.
According to the technical analysis of Shiba Inu prices expected in 2024, the minimum cost of Shiba Inu will be $0.0000162. The maximum level that the SHIB price can reach is $0.0000271. The average trading price is expected to be around $0.0000380.