FET - Forget Bitcoin: 3 Cryptocurrencies to Consider Instead
2024-06-08 07:27:00 ET
While Bitcoin arguably remains one of the best cryptocurrencies to buy and hold for the long term, it's hard to ignore the fact that the oldest name in crypto hasn't done much of anything recently. Bitcoin has largely been trading sideways for the past two months, and is not showing many signs of going full beast mode anytime soon.
With that in mind, it could be time to forget about Bitcoin for a little while and find other cryptocurrencies that have strong catalysts in place right now. The three cryptocurrencies that are on my radar right now are Ethereum (CRYPTO: ETH) , Fetch.ai (CRYPTO: FET) , and Chainlink (CRYPTO: LINK) .
The obvious non-Bitcoin pick right now is Ethereum, and that has everything to do with the SEC's recent pre-approval of new spot Ethereum ETFs . Once these ETFs start trading, perhaps as early as this summer, they could lead to a massive influx of new investor money into Ethereum, and that could push up its price for the foreseeable future. The current thinking from JPMorgan Chase is that these ETFs could see an influx of $3 billion in 2024.
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Forget Bitcoin: 3 Cryptocurrencies to Consider Instead