Ethereum (ETH) and Litecoin (LTC), Invest Before Market Recovers
What coins should you invest ter when the crypto market is down? Ethereum (ETH) and Litecoin (LTC) might be good options for you – and here’s why.
The crypto market is known for being volatile. Just recently, on Monday many coins were down due to this announcement made by China. While many coins are beginning to recover from this, prices still toevluchthaven’t re-adjusted to where they were at a month ago, for some even a week ago. This isn’t superb news for current investors, but it does open the wegens for newer investors looking to get te on the market while it’s down.
The best time to invest ter anything is when the market is down, and crypto is no exception. You could get a better overeenkomst this way and have a higher chance of turning a welvoeglijk profit if you got te low. It should be noted that wij’re talking about long-term investments here. There will be many dips and hills along the way, long-term investing is about being patient through the market’s many forms and waiting for the right ogenblik to cash- out if you choose to do so. Obviously, you don’t want to sell when the market is down, but you do want to buy. It’s all about timing.
With the crypto market not yet fully recovered, here’s our list of cryptocurrencies that may be a good investment to get te on now for zometeen down the road.
Why Ethereum? It’s not the cheapest coin out there (strafgevangenis is it the most expensive), but it is the 2nd highest ranking crypto by market cap, which is a good indication of the strength of the coin. It’s also significant to recall that you don’t have to buy an entire coin, you can purchase a portion of ETH and still be considered an investor te it.
Ethereum isn’t just a digital currency. It’s an open-source network that wasgoed designed to be built upon. Ethereum has far more applications than, say, Bitcoin, and many ongoing and upcoming blockchain projects are using the Ethereum network, such spil Faceter or Medicalchain. Ter fact, the majority of ICOs thesis days are launching on the Ethereum network. If developers believe this much te Ethereum, it’s worth noting.
Ethereum hasn’t bot without its problems. Scalability is a gigantic kwestie that has bot plaguing the network, and it has led to long transaction times and high transaction fees. However, if you’re investing te terms of asset collection, rather than wanting to use Ether to conduct numerous transactions, this kwestie may not affect you so much. The large, global team behind Ethereum is also permanently working to improve thesis issues, so scalability problems may one day be a thing of the past for Ethereum.
Presently, ETH is selling for $829.52. Te the past 24 hours, it has enlargened by 11.71%, but even still, ETH is below $1,000 mark, which it had managed to achieve ter January. Many believe that Ethereum will recover and trade above $1,000 again, making now a good time to invest ter ETH.
Ethereum has proven that it’s capable of moving outside of the market trends. Ter January, when many of the other top coins were declining, Ethereum wasgoed climbing. Ethereum might be able to pauze out and do its own thing.
For thesis reasons, Ethereum might be one you’ll want to look into investing te before the market fully recovers.
Litecoin has similarities to Bitcoin, such spil being a peer-to-peer facilitator and having a cap on the total number of mineable coins, but Litecoin comes ter far cheaper than Bitcoin. Presently, Litecoin is ranked spil the 6th largest cryptocurrency by market cap, with a market cap of $8.Three billion. Being within the top ten cryptocurrencies, Litecoin is certainly worth having on your radar.
Litecoin is toted spil the altcoin that has yet to achieve its total potential. What is interesting about Litecoin is that it embarked spil a fork from Bitcoin. Litecoin wasgoed therefore designed to be similar to the most predominate crypto out there, but designed te a way that would improve on Bitcoin’s downsides.
One of the largest problems with Bitcoin right now is its slow transactions times and high transaction fees. Litecoin is supposed to fix thesis issues and so far, this is holding up. Litecoin transaction times are relatively rapid (especially when compared to those of Bitcoin) and the fees associated with the transactions won’t be too painful either. This is because Litecoin blocks are created more efficiently and because Litecoin can use the Lightning Network.
Litecoin is presently selling for $150.70, enlargening by 11.38% ter the past 24 hours. That is still about $100 lower than Litecoin’s price from a month ago. If Litecoin truly is the altcoin still waiting to achieve its total potential, then now, when the market is lower, would be a good time to consider investing ter the coin.
Given Litecoin’s rise ter the ranks (spil of January 4th, 2018, Litecoin wasgoed ranking spil the 8th largest cryptocurrency, compared to its current ranking of 6th), Litecoin has a strong possibility of rising further.
Litecoin just released its Litecoin Core 0.15.1, a minor update that includes fresh features, bugfixes, and voorstelling improvements.
Litecoin is considered an underrated coin by many. With the belief presently being pumped into Litecoin, LTC is a good long-term investment option to make before the market fully recovers.
Like our suggestions? Do your own research before committing to any tokens and always keep ter mind that the crypto market is permanently switching. Things can be flipped on their goes before you can even blink, so be careful out there. Don’t arm overheen your souls to the crypto gods (and that goes for your fortune too).
Recall, this is about long-term investing, not short-term gains. HODL on friends, HODL on.