Buying Dips: Which Crypto to Invest in Now?

After the market went down due to frequent declines, many top cryptocurrencies touched new lows against the fiat.

The entire market lost almost -90% of the total value due to the constant negative market currents that have taken over with an increased intensity over the past several months.

However, negative market trends can make room for more investment opportunities, especially regarding cryptocurrencies that are dropping but which have clear use cases and represent quality projects.

Here are some of the top cryptos, despite the negative market trends, that might be worth your investment.

Ethereum (ETH)

Ethereum might have dropped as low as 177$ back in mid-September, also said to be losing many developers from the network due to the fact that the network hasn’t found a solution for scalability yet.

However, while Vitalik Buterin and his team are working on implementing Sharding protocol for a more scalable ecosystem, as well as working on enabling off-chain transactions to be able to speed up the validating process on the blockchain, ETH is showing serious signs of recovery.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$7,981.94
-2.25%
Ethereum (ETH)
$173.98
-2.95%

It seems like the currency is slowly setting the atmosphere for acquiring more gains in the following period as ETH already climbed from 199$ on October 31st to 219$ on November 7th.

Bitcoin Cash (BCH)

Bitcoin Cash is showing an extraordinary progress for the past seven days as BCH jumped by over 50% in a single week.

On November 7th BCH gained an additional set of rises of over 8% and it looks like it isn’t stopping any time soon. Bitcoin Cash started out strong in November gaining over 20% in the course of almost a single day.

Bitcoin Cash (BCH) Price Today – BCH / USD

Name Price24H (%)
Bitcoin (BTC)
$7,981.94
-2.25%
Bitcoin Cash (BCH)
$215.96
-2.42%

On November 7th BCH is worth 632$ to where it came from the initial price of 422$ on October 31st.

Bitcoin Cash now has over 10 billion dollars in market cap and counting.

Litecoin (Litecoin)

Litecoin surely deserves another shot in the market although 2018 was pretty rough on the crypto having it decline to the 7th spot on the list from its long-held spot as one of the top 5 cryptos.

Litecoin now even made it to Facebook thanks to LIte.IM service that previously brought LTC to Telegram and SMS, and it is considered that LTC might see an increased demand now being available to 2 billion Facebook users.

Litecoin (LTC) Price Today – LTC / USD

Name Price24H (%)
Bitcoin (BTC)
$7,981.94
-2.25%
Litecoin (LTC)
$52.49
-3.64%

LTC is up by 11% in the course of the last week, concluded with November 7th, being traded at the price of 55$ and with a strong possibility of getting back above the value of 60$.

Stellar (XLM)

Stellar XLM showed an amazing progress during the previous period when the majority of currencies were dipping. That is how XLM made it to a higher ranking now representing the 6th largest currency.

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$7,981.94
-2.25%
Stellar (XLM)
$0.061771
-2.88%

XLM is perhaps one of the most prominent investment for under one dollar, currently being traded at 0.25$ with the latest gains of over 16% in the last seven days.

XLM also carries a lot of value as one of the fastest currency in the market able to process around 2,500 transactions in a second.

 

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.