Today’s Altcoin Top 10: Cardano Rises, Ripple Teases, NEM Making Moves

E L Emerson

25th January 2018 – In today’s Altcoin Top 10 we look at the recent surges across the board, the swaps and switches in position amongst Litecoin, Stellar, NEO and EOS, Cardano’s continuing rise, and NEM’s emerging presence amongst the cyrptocurrency leaders. 

Don’t miss out on 2018’s market opportunities. Get HNW’s free weekly Crypto Millionaire update, where we chart the performance of the leading coins, give you insights into what makes each one valuable, and look at trends, trading ranges and when to buy and sell. 

 

“For the Life You Want to Lead”

Get HNW’s Weekly Crypto Millionaire Free Here…



 

Now, let’s get on with it…

Bitcoin (BTC) | 24-Hours – Up 8%

Current Price: $11,620

We have a running recommendation on Bitcoin for our readers to buy once it steps below the $11,000 mark. We’re holding firm on that. The alpha male of the cryptocurrency world has stepped into the $10,000 to $11,000 breach three times over the past week, and we think it will happen again. It went so low as $9,500 on 17th January. That’s a country mile from its 18th December peak of $19,500. 

HNW’s Recommendation: Buy in the $10,000 to $11,000 range at Binance.

 

Ethereum (ETH) | 24-Hours – Up 11%

Current Price: $1,095

Ethereum has slowly inched up about $100 in the last 24 hours, moving further away from HNW’s recommended ceiling of $700. Now, maybe you missed out on the latest seven-day price surge to just over $1,150, or the 30th December to mid-January run where Ethereum rose from $700 to over $1,400. It’s might be time to simply wait-and-see with Ethereum. 

HNW’s Recommendation: Buy between $400 to $700 at Binance.

 

Ripple (XRP) | 24-Hours – Up 1.75%

Current Price: $1.37

Ripple has been in a $0.09 trading range between $1.42 and $1.33 for the last 24 hours. It continues to tease traders and investors as it vultures just above our preferred buy-in point of $1.20 and below. We see Ripple returning to its previous higher range of between $2.00 to $3.50  that it held throughout the course of early January. 

HNW’s Recommendation: Buy at $1.10 to $1.20 at Binance. 

 

Bitcoin Cash (BCH) | 24-Hours – Up 5%

Current Price: $1,691

As expected, Bitcoin Cash has moved slowly but steadily away from our recommended buy-in price of between $1,100 and $1,200 over the last 24-hours. It now sits at the bottom of its last surge, which saw Bitcoin Cash rise from about $1,500 to over $3,500 in the space of 10 days from 11th to 21st December. We’ve since watched a marked descent, hitting plateaus at times as it has fallen. We’re sticking with Bitcoin Cash as a wait-and-see for now. 

HNW’s Recommendation: There’s a candle here, but don’t light it up yet. Wait for $1,200 and then buy at Binance.

 

Cardano (ADA) | 24-Hours – Up 22%

Current Price: $0.67

We love to be able to say: “We told you so.” At least for now. HNW’s current Altcoin Top 10 darling, Cardano, which we’ve been calling a strong buy all this week, has begun to rise as of this morning. We still don’t think it’s too late to buy in but, like any altcoin, you have to get it at the right price. 

HNW’s Recommendations: The $0.40 to $0.55 buy-in was the ideal. Expect hiccups and rises.

 

Stellar (XLM) | 24-Hours – Up 22%

Current Price: $0.63

Cryptocurrency trading is a strange game. Stellar is a great example of that. Up $0.06 from yesterday’s Altcoin Top 25 update, Stellar remains a long way off its former peak of circa $0.91 back in early January. But it looks strong on a seven-day view and middling over the past month. If you’re already in – depending on when you bought – Stellar is a hold. If you’re considering buying, we suggest you wait a while. 

HNW’s Recommendation: The bargain buy in point for Stellar is in the $0.10 to $0.12 range. When it gets there, buy it at Binance.

 

Litecoin (LTC) | 24-Hours – Up 5%

Current Price: $185

For the most observant amongst you, you may have noticed that Stellar has taken a step above Litecoin in the market capitalisation stakes. That trading places scenario is likely to go on a fair bit during the course of 2018. Be aware of it but don’t read too much into it. Litecoin, as previously reported, continues it’s mid-tier sideways trajectory. There’s a likelihood of a slight spike upwards in the coming days. So, if you’re in we suggest you stay in. If you’re outside we don’t see this as a time to buy. Gone are the days of the $350 highs of December, at least for now. But we still expect a strong 2018 performance from this altcoin.

HNW’s Recommendation: The smart buy is at $55 to $75. The more adventurous might consider a stake at $100. As always, buy it at Binance.

 

NEO (NEO) | 24-Hours – Up 17%

Current Price: $143

As with Stellar, NEO has jumped up two places on the Altcoin Top 10. Since the early hours of this morning NEO has picked up $10 on its price, and is showing a marked and slightly chaotic upward trajectory over the last four days. If you’re in stay in. But if you’re out you might want to stay out…for the moment. NEO went up over $190 in mid-January after a sustained rise of about a month. And those who stayed the course were rewarded nicely for it. Right now this looks more like the downslide than another upward move.

HNW’s Recommendation: This is a buy at $25 to $50 at Binance.

 

EOS (EOS) | 24-Hours – Up 14%

Current Price: $14.70

More switches and swaps as EOS steps up to the 9th spot above NEM (below). And the most confusing coin amongst the Top 10 doesn’t disappoint with a circa $1.60 jump over the last 24 hours. EOS has broken several crystal balls since its arrival on the cryptocurrency scene in June 2017. What we can say with some small confidence is that if you were clairvoyant enough to buy when this coin was in the $4 to $6 range, then you’re probably in a good place right now – whether you’re holding fast or cashing out. However, this is probably not a great time to buy in.

HNW’s Recommendation: Stand back until there’s a return to the $3 to $5 range. As always, buy it at Binance.

 

NEM (XEM) | 24-Hours – Up 4%

Current Price: $$0.98

Rounding out today’s Altcoin Top 10 is NEM, which is still drifting around the $0.90 to $1.00 range and has done so for the past four days. Following it’s early January vault up to $1.80 it has now fallen back. But there’s rising interest in NEM as the potential new darling of HNW’s Altcoin Top 10 – we expect NEM could now be ready for a price jump. And while we’re not crazy about the current range, the brave amongst you might consider a punt on this coin with a slow buy-in as it moves upwards. 

HNW’s Recommendation: We still hold firm on the ideal buy-in price of between $0.25 to $0.50, but… 

 

NOTE: You’ll notice that HNW recommends using at Binance to buy / trade. This is an affiliate link. It doesn’t cost you anything to use and if you sign up to Binance it helps us to pay the bills.

 

 

Follow HNW here - For the life you want to lead...

Emerson

HNW Magazine - For the life you want to lead...

Leave a Reply

Your email address will not be published. Required fields are marked *