Investors Look To Benefit as Cryptos Turn Green

Investors Look To Benefit as Cryptos Turn Green

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After a period of downward trends, the market is beginning to recover giving users the perfect opportunity to strike while the iron is hot.

It has been a tough few weeks for crypto investors. In one of the most worrying spells witnessed since the downward trends following the crypto rush of 2017, the market took a big dive. Most notably, bitcoin, which had managed to maintain a market price of $10,000 since June, suddenly found its price drop down to $8,000 in the space of a week.

Of course, as usually is the case with Alt-Coins on the market, many of which followed suit and suffered similar hits. The price of Ethereum went down $50 over a similar period of time, while BNB nearly halved in value to what it had been just one month prior.

An Opportunity Arises

Naturally, those who have been in the crypto game for a while are fully aware of the versatility of the market and know the ebb and flow of prices is inherent of any form of investment. What separates the wheat from the chaff in this respect, are those who seize the opportunity to benefit from these ebbs and use them to turn over a pretty penny in a short period of time. Those out there who are looking to do this, now have one of the best opportunities since the crypto market started to turn bullish back in April…. if they move quick.

This is because today has seen the market turn green once again, thus awarding users the opportunity to benefit from the fact that cryptos still remain at this temporarily low price. At the moment in time, 8 of the top 10 cryptos in the industry are seeing positive performances, with only Litecoin and Tether remaining the red at the time of writing. Some of which are benefiting more than others, Ripple (XRP), for example, has seen an 8% increase over the last 24 hours, Stellar has seen a 5% increase and Bitcoin Cash (BCH) has increased by nearly 3% over the same period. While other coins are seeing more minor price increases.

Further Down The Rankings

If we look further down in the Coinmarketcap rankings, there is more reason for traders rejoice. While there is still 4 cryptos in the red between ranking 10-20, including Dash, Monero and Huobi, others are seeing impressive performances since yesterday. Chainlink is up by just shy of 9%, Tron is up by more than 5% and Cardano has passed the 3% market. Chainlink, in particular, is looking like a viable option as it continues a week-long trend of price growth.

Green can be felt across the top 100 cryptos though, with more than half seeing improvements over the past 24 hours. Other lesser-known coins that are also showing good growth are 81st ranked, Crypterium up by 11.50%, while 45th ranked, Lisk and 70th ranked, Energi are both up by nearly 9%. While there are still plenty of coins in the red currently also, you shouldn’t be too wary of investing despite this as if the market trend continues, then they might see a change in fortune also.

The next couple of days are of course, imperative to the health of the market but as we go into this week, we are seeing indicators of a market recovery. Overall, it is looking positive for investors and a great chance for them to buy low and sell high in the coming weeks, or alternatively, hodl and await a larger bull rush further down the line.

Whatever you decide, eToro is a great venue to invest in crypto during this period of growth.

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