BTC - Each Up Over 100% Are These 3 Cryptos Smart Buys?
2023-08-02 05:44:00 ET
The centerpiece of nearly every crypto investor's attention in 2023 has been Bitcoin (CRYPTO: BTC) , which is up a staggering 77% year to date. But did you know that there are a handful of cryptos, all ranked within the top 20 by market capitalization, that are turning in even more impressive, triple-digit returns this year?
XRP (CRYPTO: XRP) is up 108% year to date, Solana (CRYPTO: SOL) is up 145%, and Bitcoin Cash (CRYPTO: BCH) is up 160%. But are any of these cryptocurrencies worth buying?
Of these three cryptos, I'm most bullish on the prospects of Solana , which is a layer 1 blockchain most similar to Ethereum (CRYPTO: ETH) . Just two years ago, Solana was talked about as a potential "Ethereum killer," and the future upside looked unstoppable. But then came last year's crypto market collapse. The FTX meltdown at the end of 2022 hit Solana much harder than it did other cryptos due to the extensive relationships that Solana previously had with Sam Bankman-Fried.
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Each Up Over 100%, Are These 3 Cryptos Smart Buys?