Cryptocurrencies are one of the riskiest asset classes in the market today. This is a market where double-digit volatility is common at any given time. However, even in this high-risk market, some cryptocurrencies carry more risk than others due to their current circumstances.
The good news is that even such cryptocurrencies have great growth potential if things go right. It is a gamble that can lead to massive gains. At the moment, many cryptocurrencies have such capability. Here are a few of them.
Celsius (CEL)
okex
OKEx is a top cryptocurrency exchange that offers over 140 cryptocurrencies to invest in. OKEx takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can also use their crypto as collateral for loans on the platform.
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Capital.com
Capital.com is a global broker that offers over 200 cryptocurrencies to its users. It comes with many features like; Great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which sets it apart from other crypto brands.
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Celsius (CEL) has been facing several issues recently and is currently battling bankruptcy. This has seen the Celsius token drop in value in recent months.
However, today Celsius is up by more than 20%, and there is a possibility that it could move higher in the short to medium term. This is because Celsius has announced plans for a recovery called “Project Kelvin”.
If investors feel that the scheme may work, you can expect Celsius to do well soon. FOMO could easily see Celsius rally above 100%, especially if the Ethereum merge is followed by a broader market rally.
It is a high-risk cryptocurrency, but it also has the potential to give you a significant return on investment.
Terra ClassicUSD (USTC)
The Terra Classic USD (USTC) is a failed stablecoin, with many losing their life savings when the Terra ecosystem collapsed a few months ago. However, in recent weeks it has appeared to be moving in tandem with the Terra Classic (LUNC) price movements. In the latest LUNC rally, USTC also rallied.
In short, its failure as a stable coin aside, this cryptocurrency holds great potential for exponential gains if the LUNC rally again. While LUNC is in danger of crashing, there is also a strong possibility that the accelerating token burn of the recently introduced tax could help propel the price.
Thanks to the price correlation of these two cryptocurrencies, such a rally gives USTC the potential to provide investors with double and even triple-digit gains in the short term.
Apcoin (APE)
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. Its social copy trading features make it a great option for beginners.
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Capital.com
Capital.com is a global broker that offers over 200 cryptocurrencies to its users. It comes with many features like; Great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which sets it apart from other crypto brands.
Buy APE from Capital.com today
ApeCoin (APE) was one of the most popular cryptocurrencies in the first quarter of 2022. However, it has lost momentum since then. While this has a lot to do with the bear trend in the cryptocurrency market, it also faces risks related to NFTs from Era Labs, the organization behind ApCoin and the bored Ape Yacht Club. Yug Labs is under threat from a class action lawsuit by investors for what they termed as unfair promotion of NFTs.
Victim investors are arguing that Yug Labs is using celebrity influencers to artificially inflate NFT prices. Meanwhile, Yuga Labs is embroiled in a legal drama with an artist named Ridah Rips.
With all these issues, the risks for Ape Coin are quite high as the cryptocurrency is in a bear market. However, it is important to note that its association with one of the most well-known lines of NFTs gives Ape Coin a great potential to buy FOMO, especially if the broader market turns green. So despite the risks that come with it, it is one cryptocurrency to keep an eye on today.