Cryptocurrency is Booming!!

After a long crypto winter it finally seems that spring has arrived in the crypto universe. In March, Bitcoin, the king of Crypto hit a low of $3000 a coin. This drop coincided with the arrival of Covid-19 which has ravaged the world on a level not seen since the Spanish Flu of 1918. Massive stimulus provided by the worlds governments to bail out struggling economies has brought global debt to unimaginable levels which has investors worried that rampant inflation might soon manifest.

Gold, silver and cryptocurrencies have long been seen as a hedge against inflation which is one of the reasons why we have seen such a rapid rise in prices. Alongside the threat of inflation there are other tailwinds which have helped propel Bitcoin to almost breaking it’s all time high of $20000 a coin that was set in 2017. A rising tide lifts all boats which is why we are now seeing almost all other cryptocurrencies rising with Bitcoin.

Clearly we are witnessing a Bull run in crypto which is why it’s important to invest in the cryptocurrencies which will benefit the most from this rise in value. Obviously I’m biased towards cryptocurrencies which have proof of stake, therefore I’m sharing five crypto’s that I’m holding for the duration of this current Bull run.

The five crypto’s which I feel will do very well are:

  1. Bitcoin
  2. Cardano
  3. Polka Dot
  4. Ethereum
  5. ChainLink

It’s important to set your price targets and have your exit price so you can take profits before prices start declining again at some point. There appears to be an enormous amount of momentum behind this current bull run and I believe much higher prices are in the future for these crypto’s.

Happy staking friends!

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