Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

BTC, ETH, or Ripple – which cryptocurrency should you invest in this year?

3 min read

Cryptocurrencies have been on the market for some time now. They can be very profitable, but they also involve significant risks, the same as placing bets at NetBet online casino. For this reason, investors should weigh every decision carefully and think twice before putting their money on a horse. Regardless of whether you are a complete beginner or already an accomplished professional – we will show you the currently most lucrative investment opportunity. 

BTC course rides a roller coaster

The era of BTC is marked by many ups and downs. While the best-known cryptocurrency brought in a whopping $ 20,000 per BTC at the end of 2017, the price had crashed to $ 3,000 a year later. These strong fluctuations are not an isolated case but represent the everyday life of this cryptocurrency. Accordingly, a similar course has also been observed in the last few months. In October 2020, investors received $ 12,000 per BTC. A solid but not great investment. In January 2021, the BTC price literally went through the roof. A whopping $ 41,000 per BTC was recorded. A new record.

This rapid development can be explained by the fact that in addition to private individuals, institutions and companies are now investing in cryptocurrency. However, since the demand is higher than the supply, the market is currently exploding. Nevertheless, interested parties should bear in mind that the situation is temporary. The next drop in value is preprogrammed and will certainly not be long in coming. So stop wasting time asking: buy BTC or not? You should have made your decision long ago if you want a piece of the cake too.

ETH – new record high

In January 2018 there was an incomparable ETH boom. The numbers skyrocketed and attracted investors from all over the world. Since then, however, ETH has had a hard time getting back to its best. The cryptocurrency is experiencing one drop in value after another and doesn’t seem to be recovering. Appearances are deceptive, however. ETH is very popular with crypto start-ups and was finally able to reach a new record high. In January, the value of ETH doubled to a total of $ 1,476. In general, the further development of ETH cannot be predicted with certainty. However, experts point out that only a long-term investment in this cryptocurrency makes sense.

Ripple – will the price rise?

In December 2020, Ripple was confronted with a lawsuit from the US Securities and Exchange Commission. This brought the XRP course to collapse and caused, for example, Bittrex to put an end to trading in XRP. Since it is entirely possible that other exchanges will follow suit, Ripple is not experiencing rosy times at the moment. As a result, the price of the cryptocurrency was in free fall and could only be slowed down by the support zones. The positive forecasts are therefore not available and we currently strongly advise against investing in Ripple. However, if the company wins its lawsuit against the SEC, the tide could turn again very quickly. It remains to be seen what the future will bring.

Risks and profit potential

The cryptocurrency is defined by the fact that it is not a real asset. Their price is calculated based on the fact that investors are willing to exchange digital money for services, goods, or currency. The willingness of buyers, however, depends very much on the current situation on the stock exchanges. So if you invest in Bitcoins and Co., it is very possible that you suffer a total loss. It must also be pointed out that investors are primarily focusing on existing cryptocurrencies. These have established themselves on the market and show a certain degree of security. Accordingly, new cryptocurrencies hardly stand a chance.

Various strategies have been devised in the gambling of cryptocurrencies. For example, you can opt for a quick investment or opt for a long-term investment. Both methods hold high-profit potential with expertise and a large portion of luck. There is no general answer to what the correct procedure is. It is important to keep a close eye on the market and strike at the right time. So everyone has the opportunity to develop from dishwasher to millionaire.

Source link

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply