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As cryptocurrencies continue their descent into a bull market, renowned influencer Ben Armstrong recently outlined what he believes to be the most promising and safe altcoin investments for the bull market.
The Three Safest Altcoins to Invest in
Ben emphasizes the potential of Polygon, Ethereum, XRP, and Cardano. With their own unique technologies and compelling use cases, these cryptocurrencies represent promising opportunities for savvy investors.
Ethereum, with its smart contract capabilities, and Polygon, an Ethereum scaling solution, are touted for their technological advantages in the evolving blockchain space. At the time of writing, both coins are bearish on the daily chart.
XRP, with its recent win against the Securities and Exchange Commission (SEC), garners a vote of confidence from Ben. The digital payment protocol stands as a potent force in the cross-border payments landscape, and its legal clarification as a non-security is already making its price propel.
At press time, XRP was worth $0.78, with a staggering 6.3% increase in the past twenty-four hours. Cardano secures a spot on this list due to its impressive scientific philosophy and robust development approach.
The coin’s upside potential, given its plans for smart contract functionality and financial inclusivity, is not lost on Armstrong, who points out that its strengths make it a worthy consideration for investors. Currently, $0.31, with an increase of over 3% in the past twenty-four hours.
Regulatory Rumble: No Deterrent for Crypto Bulls
Ben does not discount the importance of the regulatory landscape in his analysis. He brings attention to the recent court ruling in favor of Ripple, hinting at a potential trend in which blockchain companies may successfully argue against security classifications.
The successful defense by Ripple will set a precedent for other cryptocurrencies like Tron and BitTorrent, whose legal statuses have been questioned but which Ben is confident will not be classified as securities.