Good evening - To say that cryptocurrency is back in favor is a bit of an understatement. The price of Bitcoin alone has surged high-triple digits over the last six months alone and the move is not yet over. The Bitcoin market is technically driven as much as anything else and the technicals point to triple-digit gains yet to come. If you think Bitcoin at $40,000 sounds wild wait until it hits $80,000. And Bitcoin isn’t the only cryptocurrency to post such stunning gains. Ethereum, the #2 cryptocurrency by market cap, is up 550% in the same time and on track to set a new all-time high any day. The entire cryptocurrency market cap is just over $1 trillion and up 400% since June and offering a lot of opportunities if you can handle the risk. The cryptocurrency market is maturing. Things aren’t like what they used to be, not like in 2017. Regulation is widening as is institutional interest but there are still risks. Not all cryptocurrencies are the same. They don’t all “do” the same thing. And then there is the volatility. What goes up must come down, right? The cryptocurrencies we want to show you are the leading cryptocurrencies in the world. Together they account for nearly 90% of the total market cap and are reaping the lion’s share of the gains. There are other cryptocurrencies worth mentioning, these are the ones you need to know about because they are where the money is flowing. If you are interested in cryptocurrency and every investor should be, look no further than our list for your introduction to the top seven cryptocurrencies. We can’t take away all of the risks but we can help you avoid some of them. View the “Seven Cryptocurrencies That Are Leading The Market Higher” slideshow.
Matthew Paulson
MarketBeat.com
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