Should You Invest in Cryptocurrency Today?
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
If you’re a crypto buff, you must have noticed that all cryptocurrencies have suffered a big blow in March this year. However, Bitcoin’s volatility has been on the low for almost two years now. The world’s most popular cryptocurrency is still trying to find solid ground to stand on.
Even though the crypto market is known for its volatile nature, this recent period has been unusually calm, especially when Bitcoin is concerned. Unfortunately, we can’t predict if things will pick up soon or whether BTC will hit a new low. For the sake of everyone who has invested in and bought this digital coin, we hope that the situation will change for the better.
Given the current situation, you might want to wait a bit before you buy Bitcoin. However, if you’re set on investing in crypto, there are some altcoins that have been performing well lately. For more daily updates, news, and crypto guides, visit Learncrypto — a platform where you can gain in-depth knowledge regarding various cryptocurrencies and learn how to invest in them.
The following are some crypto alternatives that are much more profitable than Bitcoin at the moment.
Currently, Ethereum is the second-largest cryptocurrency in the world. If we compare it to BTC, we can notice that it’s a lot more stable — there haven’t been any significant oscillations in its price. If this stability remains unchanged, Ethereum will be an excellent option to invest in.
Note that this digital currency uses advanced blockchain technology, which allows its users to make their own cryptocurrencies.
If you compare Ripple’s price to that of BTC or ETH, you will immediately notice that the difference is huge. Still, even though RXP has a lower price, it has been quite steady for a while now.
As was the case with all other cryptocurrencies, Ripple’s price dropped in 2018. But RXP has managed to recover — it is the third-largest cryptocurrency by market cap, which was around $35 billion in May 2018.
Ripple’s popularity has grown because, apart from being a digital currency, it also works as a reliable payment option you can use to make international payments.
If we take a look at Bitcoin and Litecoin price charts, we will notice some similarities — their prices rose at the beginning of 2018 and then dropped at the end of the year. However, there is a reason why Litecoin currently has a more solid price chart than BTC. This crypto coin is popular because it is four times faster than Bitcoin.
EOS is a digital coin similar to Ethereum. It’s a cryptocurrency that has been on our radar for quite some time. Apart from allowing users to develop smart contracts, it performs completely free transactions.
While we did notice some evident price swings in the last couple of years, the situation appears to be stable at the moment, which makes EOS a good option for anyone looking to invest in crypto this year.
If you’re new to the world of cryptocurrencies, consider going through some detailed guides to educate yourself. After you cover the basics, get ready to do proper research — no one invests in crypto on a whim.
You need to learn the ins and outs of this technology, as it’s never a good idea to invest in something you don’t understand well enough. If you dive right in and fail to educate yourself, you can end up losing more money than you invested, which is something you surely don’t want to happen.