Which tokens are worth getting after SWIFT gets banned in Russia?

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Written on Feb 28, 2022

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Some Russian banks will be excluded from the international payments system SWIFT.
This is a part of the increasing sanctions announced by the European Union, the US, the UK, and Canada.
This might increase the usage of cryptocurrencies in the region as international transfers get blocked more.

Some Russian banks will be excluded from the international payments system known as SWIFT.

Bitcoin BTC/USD, Ethereum ETH/USD, Bitcoin Cash BCH/USD, and Litecoin LTC/USD are solid cryptocurrency token options that can serve as an alternative to using SWIFT.

Should you buy Bitcoin (BTC)?

On February 28, 2022, Bitcoin (BTC) had a value of $38,372.16.

The all-time high value of Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77.

When we go over its performance last month, Bitcoin (BTC) had its highest point on January 2, 2022, when the token reached a value of $47,730.23, while its lowest point was on January 24, when the token saw a decrease in value of $33,495.91.

This marked a decrease of $14,234.32 or 30%. Since then, BTC has increased in value by $4,876.25 or by 14%.

With this in mind, we can expect BTC to reach $40,000 by the end of March 2022.

Should you buy Ethereum (ETH)?

On February 28, 2022, Ethereum (ETH) had a value of $2,635.87.

The all-time high value of Ethereum (ETH) was on November 10, 2021, when it reached a value of $4,878.26.

Discussing last month’s performance of Ethereum (ETH), its highest point was on January 4 at a value of $3,874.34, while its lowest point was on January 24 when it decreased to $2,199.92. This marked a decrease of $1,674.42 or 43%.

Since then, however, ETH has increased by $435.95 or by 20%.

With this in mind, ETH can reach $2,900 by the end of March 2022.

Should you buy Bitcoin Cash (BCH)?

On February 28, 2022, Bitcoin Cash (BCH) had a value of $310.65.

The all-time high value of Bitcoin Cash (BCH) was on December 20, 2017, when it reached a value of $3,785.82.

Going over its performance throughout the previous month, Bitcoin Cash (BCH) had its highest point on January 2, when it reached $450.65. Its lowest point was on January 24, when it decreased to $264.98.

This marked a decrease of $185.67 or 41%.

However, since then, BCH has increased by $45.67 or by 17%.

With this in mind, we can expect BCH to reach $370 by the end of March 2022.

Should you buy Litecoin (LTC)?

On February 28, 2022, Litecoin (LTC) had a value of $103.63.

The all-time high value of Litecoin (LTC) was on May 10, 2021, when it reached a value of $410.26.

Looking at its performance in January, Litecoin (LTC) had its highest point on January 17 at $152.95, while its lowest point was on January 24 at $99.86. This marked a decrease in value of $53.09 or 34%.

With all of this in mind, at $103.63, LTC is a solid buy as it can reach $130 by the end of March 2022.