The cryptocurrency market is bearish. However, many users are trying to figure out whether any cryptocurrency is worth buying. There are many cryptocurrencies which are stagnating like Litecoin, Ripple, Vechain, and Cardano. That is why you need to figure out whether it is worth buying this cryptocurrencies at the right price are not. If you are able to invest them at the lower prices, it will become easier for you to fetch good returns. This will also significantly reduce the risk as well. That is why, while investing in cryptocurrencies you have to make sure that you are investing at the right price.
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Litecoin:
Litecoin is currently trading around $ 120. It had reached a high of $ 375. Currently, it is consistently breaking supports on the lower side. This is the reason why it is a good idea to wait for it to head towards the $ 100 mark. Only once it is around that mark, you should think about investing in Litecoin.
Cardano:
Cardano is currently trading around $ .19. At the high, it was trading around $ 1.25. Ever since then, there is been a lot of value erosion. As a result, investors are confused as to whether they should invest or not. You need to keep in mind that Cardano will surely recover. However, whether it reaches the older highs or not, one cannot say for sure. You have to make sure that you’re investing at the lower levels than $ .19 and thereafter only, you will be able to make a good amount of return in this Litecoin.
Vechain:
Vechain is slated to launch the main net in a month from now approximately. As a result, the traction in Vechain will actually be on the higher side. However, the exact price of the token will always be dependent on the market conditions. As a result, you cannot say for sure whether it will be higher or lower. The Vechain blockchain is trying to connect different industries like agriculture, logistics, and insurance. As a result, it is providing a universal blockchain. This is the reason why the potential is pretty huge. You have to buy Vechain only when you’re investing for the longer term.
Ripple:
Ripple is currently trading around $ .62. It had even hit a high of $ 3.84 around 6 to 8 months as well. That is why the potential seems to be plenty. In addition to that, the traction which it is gaining among the corporates, as well as the financial institutions in the world, is also significant. This is one of the main reasons why you should think of investing in Ripple currently. However, there is a support around $ .55 mark. This is the reason why you should invest in ripple only around those levels.
Thus, when you’re thinking of investing in these cryptocurrencies, these are the few points which you have to keep in mind. Keyword: Vechain, Ripple, Cardano, Litecoin
