As we look at the markets today we are seeing green as Bitcoin is up to $4,343 after a 7.87 percent increase over the past 24 hours. XRP is up by over 4.5 percent giving it a price of 39 cents and Ethereum is also up, this time by 6.5 percent leaving it to be priced at $122. With this in mind, it’s clear that these coins have reduced in price drastically and they have fallen way below their once all-time high. To many investors, this might be the time to get out of the business or this could be the time to join the critics and condemn digital currencies to be an asset which is a scam.
Nevertheless, it is essential to know that this period still remains to be the best time to get some of the cryptocurrencies you might not have invested in before.
To start off with, Bitcoin gold is a great cryptocurrency which you should definitely look into. This cryptocurrency has over 17 million in circulation just as Bitcoin and is currently trading at $19.46 according to CoinMarketCap. With this in mind, today could be the time to get investing in Bitcoin Gold before its price could potentially shoot up.
Of course, it’s worth noting that we are not financial advisors and this is not financial advice. Investing in cryptocurrency is very risky, so only invest based on your own research and invest with money you can afford to lose, always remember to trade safe!
In January this year, Ethereum Classic was trading at $45 but the token is currently trading at just over $5 after a 6 percent increase over the past day. Ethereum Classic has over 105 million in its supply and there is speculation that this could be the next big thing. This token has been said to offer better features than the third biggest cryptocurrency Ethereum and might surpass it sometime in the future. As reported by ZyCrypto, with the current state of the market falling, the major cryptocurrencies have recorded a fall in the price curve.
Other cryptos to look out for
Dash - currently trading at $99
TRON - currently trading at $0.01
Stellar - currently trading at $0.16
Cardano - currently trading at $0.04
What are your thoughts? Let us know what you think down below in the comments!