Road to Riches: How BTC, XRP & CHOW play a part
The crypto market has provided so many ways through which individuals can increase their source of income. With digital currencies, one can make transactions with ease and even invest in projects that have the potential to increase in value. There are many investors who made quite a fortune when they invested in Bitcoin (BTC) and Ethereum (ETH).
However, among the many cryptocurrencies in the market, these three have the potential to make investors rich: Bitcoin, Ripple (XRP) and ChowWow ($CHOW). Every one of these digital currencies has their own specific features that make them unique. But whether you are looking to hold any of these for the long term or to seek new methods of generating huge revenues, these coins have something to offer.
Let’s take a closer look at how BTC, XRP, and $CHOW can help on the road to riches.
Bitcoin (BTC): Poised to Regain $100K
Bitcoin is gradually approaching the much-desired price of $100,000. The first digital currency is now in close proximity to its horizontal resistance level. In the past two weeks, the bulls have failed to establish control over the price above the $98,000 level multiple times. The price of Bitcoin has not gone past the $100,000 mark since February 7th.
This has raised some questions on whether or not the cryptocurrency has reached the peak of its rise already. However, large firms and even some nations are starting to accept the Bitcoin payment method. Therefore, purchasing Bitcoin at the current price level is a perfect way of creating long-term wealth.
Ripple (XRP): Ready For A Breakout
XRP is presently facing downward pressure, which has led to a decline of more than two per cent. This cryptocurrency is still being faced with significant resistance at the $2.65 and $2.80 levels. This implies that the price may remain volatile within these zones in the short run. If you invest at this price now, by the time the cryptocurrency price moves up, this will be a very huge profit-making season.
In the case where XRP moves above $2.80, it could thus be an opportunity to create a potential cup and handle patterns on the daily chart. This could mean a bullish formation of a higher low if the pattern is to be validated. A breakout could thus lead to an increased bullish run within the subsequent few days or weeks.
ChowWow ($CHOW): Offers A Low Barrier Entry On Its Presale
ChowWow is still in the presale stage, and this enables investors looking for up-and-coming trending altcoins to expand their portfolios. Its presale token is at $0.008 in the current stage, which makes it the best crypto to invest in as this a cheap entry point.
ChowWow has been developed with the community in mind and will include features such as airdrops that put it on the list of the most trending altcoins. The ChowWow token will be deflationary, which means that the supply of ChowWow will decline over time; this will be achieved through features such as burning and buying back tokens. Therefore, many investors flock to this new crypto ICO for long-term financial gains because the firm sets its barrier to entry low with a minimum investment.
ChowWow is equipped with a play-to-earn gaming platform and the games are accessible to players; however, players who want to participate and earn play-to-earn rewards will have to hold $CHOW tokens. A part of the $CHOW gained from in-game sales is flowing back into the pool of rewards with the aim of redistributing it to the players which makes it the best crypto to invest in. Furthermore, ChowWow set aside 10% of each token for gaming rewards which ensures the game is more stable and sustainable in the earlier stages.
Conclusion
Cryptocurrencies have opened new doors for those looking to build wealth. Bitcoin remains a strong investment due to its scarcity and value over time while Ripple makes transactions faster and more efficient, helping businesses and banks worldwide. However, ChowWow introduces a new play-to-earn gaming platform that rewards players massively. By investing in these digital assets, especially the new crypto ICO, ChowWow, anyone can take steps on the road to riches.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
