I don't see ripple as one of the best cryptocurrencies for anyone to be investing their money on. But I can agree that Bitcoin and the ethereum coins are good coins for investments right now
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If am gonna invest, assuming I haven't yet, I would go for ripple cause its on the rise and so I would buy and patiently wait, besides buying Bitcoin now and hoping to get something now would require alot of funds.From what I've been reading and upon my analysis of the market, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are at the top of the market charts. If you were to invest RIGHT NOW, which cryptocurrency would you buy and why?
Here’s the thing. Each coin has its own purpose and the price is determined by many different factors, depending on the coin. I wouldn’t personally buy a coin because it’s on the rise - that’s the wrong time to buy and you would most likely make a loss rather than a turnover.If am gonna invest, assuming I haven't yet, I would go for ripple cause its on the rise and so I would buy and patiently wait, besides buying Bitcoin now and hoping to get something now would require alot of funds.
What I meant by on the rise is that it's an up coming coin with it's price still affordable by the average traders unlike the Bitcoin that has grown it's price to thousands of dollars.Here’s the thing. Each coin has its own purpose and the price is determined by many different factors, depending on the coin. I wouldn’t personally buy a coin because it’s on the rise - that’s the wrong time to buy and you would most likely make a loss rather than a turnover.
Wait for the coin to drop -10%, or over -20%(bear market) and then buy and hold until the price reaches an all time high in a bull run.
You are somewhat correct - there are many other factors that you should be looking at besides whether it’s a upcoming coin. You should look at the ATH (All Time High), the market supply (Is the max supply near to the circulating? - This is a good indicator as to how much growth the coin has left)What I meant by on the rise is that it's an up coming coin with it's price still affordable by the average traders unlike the Bitcoin that has grown it's price to thousands of dollars.
You are somewhat correct - there are many other factors that you should be looking at besides whether it’s a upcoming coin. You should look at the ATH (All Time High), the market supply (Is the max supply near to the circulating? - This is a good indicator as to how much growth the coin has left)
And of course, market manipulation from big influencers like Elon Musk for example.
This is the current statistics of Bitcoin, at the time of writing this post, as an example.yea
Yeah you are very correct I guess I just got an additional value from this discussion thanks for your input learnt something from this.You are somewhat correct - there are many other factors that you should be looking at besides whether it’s a upcoming coin. You should look at the ATH (All Time High), the market supply (Is the max supply near to the circulating? - This is a good indicator as to how much growth the coin has left)
And of course, market manipulation from big influencers like Elon Musk for example.
This is the current statistics of Bitcoin, at the time of writing this post, as an example.
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You're right about that. The coin is actually doing well, everyone is always talking about Bitcoin and other giant coins neglecting the meme coins that actually do have potentialIf you are looking to buy coin now, the best coin is Shiba Inu. Shiba Inu is really going massively and it is a better investment than Bitcoin at the moment. I just watched a video of how a woman bought 5000 naira worth of the coin and she is now in 269,000 naira.
the coin was really doing very good when the market was down but now that the market is up it's finding very difficult to come very high unlike other small coins.I was thinking ADA would be the best investment but ADA gas not gained much traction in the last few weeks, therefore, I am rooting for Mattic these days. I believe Mattich has a big potential.