It seems that the crypto market is starting to find its feet again. After the ups and downs of the past three months, we have seen continued periods of consolidation. Positive investor sentiment is starting to return. So, here’s what you can expect:
Lots of coins will probably make decent bull runs
Pullbacks will come, of course, but the general trend will be up.
However, risks remain, including high inflation and conflict in Europe.
For investors looking for bullish cryptos, there is a lot to choose from. But we decided to pick three of the best.
Ripple (XRP) has had problems this year. The coin was in the midst of a major lawsuit with the Securities and Exchange Commission, or SEC. Because of this uncertainty, many investors stayed away from XRP.
Data source: Tradingview
The currency has therefore remained highly undervalued, but in recent weeks it seems that the SEC case is now beginning to disappear. XRP has therefore remained bullish and could see very strong gains in the short and medium term. In fact, we will likely see the unlocked potential of XRP emerge.
There has been a lot of positive ecosystem news coming out of Thorchain (RUNE) over the past week. The coin has also managed to break out of the February downtrend and is gaining quite a bit. RUNE is even up 20% in the last 7 days. The trend will continue in the short and long term.
Convex Finance (CVX)
Convex Finance (CVX) is one of the most promising DeFi projects in the market. In fact, the project has increased by about 30% this week. As the DeFi revolution continues to expand, coins like CVX are likely to gain more demand. This will eventually push the price action higher and higher.