Hard Money/Banking Rotation | XMR, LTC, BCH, DASH, QNT, XNO | March 14, 20223
Bitcoin is currently leading the charge, pumping over $26k this morning. Alts are lagging, resulting in a rise in BTC dominance.
There may be a speculative rotation into ‘hard money’ and ‘digital cash’ narratives given the recent bank runs. Cryptocurrencies that could perform well here are XMR, LTC, BCH, DASH, QNT, & XNO.
Additional points to consider for these coins:
LTC: Litecoin halving is approaching in a few months.
XMR: Privacy coin. Has performed very well relative to market in this bear market.
XNO: FX product being built. Fixed supply. Fast & feeless. Low market cap, very pump-able.
QNT: Fixed supply. ISO 20022 compliant. CBDC narrative-friendly. Banking infrastructure-friendly.
⚠️ This is considered a HIGH risk play as there is a lot of volatility in the market right now. BTC could very well round trip right back down to ~$22k.