Investing in the New Crypto Cycle: Why XRP, XLM, and LINK Stand Out

2023-7-22 00:24

A new cycle has begun in the crypto industry with promising opportunities for investors. This cycle, similar to Bitcoin’s halving cycles, is expected to reach an all-time high before experiencing a fall and then a rise in the last few months of the cycle.

However, this cycle might be different. The looming shadow of cryptocurrency regulation could change the course of the cycle. As nations around the globe grapple with the question of how to regulate digital assets, the impact on the cryptocurrency market could be significant. The call for serious legislation from industry leaders like Coinbase’s CLO underscores the urgency of this issue.

In this uncertain landscape, certain cryptocurrencies stand out for their potential. XRP and XLM, for example, are in proper regulatory status, positioning them well for this cycle. Other coins, like LINK, for instance, are also emerging on the market as one of stable and promising coins.

Chainlink is not a regulated coin in the traditional sense but operates as a decentralized oracle network that provides input on external sources of data to blockchain systems. It acts as a middleware between on-chain and off-chain systems, allowing smart contracts to access reliable data feeds, APIs, payments, and other resources. All of these features could be useful for both beginners and experienced traders in the upcoming months and years.

In recent weeks, XRP, XLM, and LINK have emerged as top performers in the cryptocurrency market, experiencing impressive price surges of up to 40% before transitioning back into a phase of consolidation.

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However, cryptos are expected to crash and never recover in the next downturn. This could be attributed to potential lawsuits similar to what XRP experienced or stricter regulation that could render many coins obsolete. However, XRP seems to be ahead of the curve by already getting the regulation that other cryptos might only start to get after the next wave is finished.

Therefore, investors should tread carefully. This cycle might end more viciously than any other cycle before due to potential regulatory clampdowns on cryptocurrencies. It might be wise to sell more at the top and be more hesitant with buying cheap for the time being.

Despite the potential pitfalls, the future of cryptocurrencies looks bright. Most popular altcoins are expected to do extremely well and beat their all-time high. However, investors should be prepared for the possibility that more cryptocurrencies will crash and never recover when things come down.

In this fast-paced market, staying on top of trends is crucial. The meme coin season, for example, offered significant profits for those who were quick to jump on the trend. As we move into this new cycle, staying ahead of the curve could be the key to reaping the benefits of the cryptocurrency market.

There have been numerous instances where individuals have turned significant amounts of money into even larger sums by being quick to act on trends. Investors should prepare for token unlocks and understand the cycles of Bitcoin.

Conclusion

In conclusion, investors are advised to invest in coins that are in a proper regulatory status and have a very massive vision. Coins like XRP, XLM, LINK, and similar ones are the best geared up for this specific cycle.

However, investors should also be prepared to switch their investments to whatever becomes the biggest niche in the next cycle. This is a testament to the dynamic nature of the crypto market and the importance of staying adaptable and informed.

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