After the SEC dump we experienced last week, the issue of which altcoin or altcoins we will invest in is important. That’s because the U.S. Securities and Exchange Commission has launched a crackdown on 67 crypto assets with a market cap of $100 billion. The total value of the cryptocurrency market has dropped 8.3% over the past seven days. It’s currently hovering just over $1 trillion. Experts have compiled a list of cryptocurrencies that are likely to generate profits for their holders in the next crypto bull run. Let’s look at the details.
SEC’s list
Experts have identified five altcoins that investors are hoarding to earn in the next bull run. Accordingly, the SEC listed 10 cryptocurrencies as securities in its lawsuit against Binance and 13 in its lawsuit against Coinbase. Also, the US financial regulator has added more assets to its list of securities in its lawsuit against two cryptocurrency exchanges. On the other hand, the list reached 67 cryptos with a total market cap of $100 billion.
Below is a list of cryptocurrencies that the SEC has labeled as securities:
XRP (XRP), Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH (DASH), Algorand (ALGO), Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Chromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX) , Kin (KIN), Salt Lending (SALT), Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna (LUNA), Mirror Protocol (MIR), Mango (MNGO), Ducat (DUCAT), Locke (LOCKE), EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB (BNB), Binance USD ( BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG), AirToken (AIR), Chiliz (CHZ), Flow (FLOW) Internet Computer (ICP), Near (NEAR), Voyager Token (VGX) and Nexo (NEXO), Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Trust (mIAU), Mirrored Invesco QQQ Trust (mQQQ), Mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY) .
Top 5 altcoins
The crypto expert, known on Twitter as @0xFinish, has identified five altcoins for investors to hoard during the bloodbath. According to the expert, this altcoin group has the potential to gain in the next bull run. Also, investors can collect them at a discount during the ongoing bloodbath. There is the following altcoin group on the list.
- Arbitrum (ARB)
- Frax Share (FXS)
- Curve DAO (CRV)
- GMX (GMX)
- Chainlink (LINK)
Altcoin Arbitrum is a Layer 2 scaling solution developed by Off-chain labs. In addition, the project captured a large market share volume. According to data from DeFiLlama, the total value of assets locked in Arbitrum is over $2.1 billion. The protocol’s ARB token is 88.41% below its all-time high of $8.67 at the time of this writing. Accordingly, it is traded at the level of 1 dollar. Also, Frax Share is a service token where investors have a stake in the governance of stablecoins and infrastructure protocols in the Frax ecosystem. The FXS price has dropped 25% in the past week. It offered investors an opportunity to buy the token at around 90% below its all-time high of $42.80. The current FXS price is $4.88.
Curve DAO’s CRV token is the DeFi utility token of an automated market token. The protocol assists in the exchange of different ERC-20 tokens. On the other hand, it supports token swaps. At the time of this writing, the CRV price was at $0.672, up 4.3% since Saturday. Altcoin GMX is a management token for the decentralized exchange GMX, which is a permanent exchange on the Arbitrum Layer 2 network. The price of GMX, on the other hand, rose nearly 2% overnight to $45.15. The token is 50.41% below its all-time high of $91.07. cryptocoin.com The last crypto money we will include as LINK. Accordingly, Chainlink’s token LINK represents the decentralized oracle platform. LINK has posted 2.4% gains since Saturday despite the crypto bloodbath in the market. It is currently trading at $5.17.
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