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A main attraction of the crypto market is its accessibility. Anyone can get involved as an investor regardless of their level of capital, experience or education and while the market welcomes everyone, only some get the best out of it. The secret to their success is often having the information that allows them to make the best decisions.
Trends and patterns form part of this information and a smart investor can often determine if a token will be profitable based on these. Our analysis highlights trends with Zig Network (ZIG), Nervos Network (CKB) and Elrond (EGLD), three admirable tokens. Based on available data on each token, we check how they could perform in the coming weeks. Find out more in the following paragraphs.
Recent Decline Shakes Up Nervos Network (CKB) Holders
Nervos Network (CKB) is just outside the CoinMarketCap top 100 cryptos with its $650 million market cap. From an investor perspective, it still has much room for growth and returns. Nervos Network (CKB) has increased by 451% in the past year, securing significant returns for token holders.
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Although it looks solid in long term markets, Nervos Network (CKB) may be one to avoid. The token is worth $0.0144 per unit at the time of writing. It has taken an 8% decline in the last seven days. Compared to this point last month, Nervos Network (CKB) is 10% weaker on charts. This could be short term volatility which is common in the market.
However, it informs Nervos Network (CKB) holders and investors, in general, to diversify to secure their funds no matter what happens. Projects like Zig Network (ZIG) satisfy the urge to diversify and search for huge returns.
Losses Compiling for Elrond (EGLD)
Now known as MultiversX, Elrond (EGLD) has always been a less conventional choice for investors. Yet, this hasn’t stopped it from generating profits. The most impressive of these was between the end of 2020 and early 2021 when Elrond (EGLD) improved by 3000%. While investors have come to expect smaller margins, there is yet much belief in the coin.
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Current values could diminish this, with Elrond (EGLD) down to $26.19 per unit as of press time. This is a 5% drop from prices from four weeks ago. In the past week, it has also dropped by 5%. Elrond (EGLD) may still be a strong option but it loses out to the potential of projects like Zig Network (ZIG).
Experts say Zig Network (ZIG) shows Promising Signs
An investment that is highly rated in expert circles is Zig Network (ZIG). Many say it displays signs that suggest big profit margins within the next three years. Zig Network (ZIG) is a crypto project that allows token holders to earn passive income and other benefits. The platform also offers daily staking rewards that improve how much investors can gain from their holdings.
Zig Network (ZIG) has many transparency measures and has locked liquidity. Team tokens are also restricted for four years. Investors can get Zig Network (ZIG) for $0.01, a low price for its value. Many projections hint at a 10x return from investments at this price. Nervos Network (CKB) and Elrond (EGLD) holders have already made their move.
To find out more about Zig Network use the links below
