Should you buy bitcoin or bitcoin cash? Does tezos have further room to grow? Is monero a long-term hold? There are no absolute answers to these questions and no crystal ball to determine which crypto will pull a 5x before the year’s out. Based on fundamentals alone, however, here are some reasons why you might wish to buy or sell the top 20 cryptos by market cap.
Bull: The bull case for investing in bitcoin core is pretty straightforward: it’s the largest crypto by a country mile with the deepest liquidity, institutional exposure, futures products, and store of value characteristics. It’s also got a halving that’s less than three months away. When the cryptocurrency market kicks into high gear, it’s a safe bet that bitcoin will lead the charge.
Bear: Bitcoin may be the safest haven for crypto investors, but it’s had 11 years for price discovery to play out. With a lack of innovation to renew interest and no major partnerships to announce thanks to its decentralized design, there’s a risk that investors could get bored and seek out more exotic assets. Moreover, with Lightning Network still failing to deliver, in the event of onchain fees rising to 2017 levels, the Bitcoin network could become unusable, diminishing its market value.
Bull: Ethereum 2.0 is on course to launch within the next four months. If the upgrade passes without a hitch, interest in the smart contract network is likely to surge. Its ability to shrug off all competitors to date, from EOS to Cardano, also stand it in good stead for the next bull run.