Bitcoin is one of the most talked about cryptocurrencies in recent times. However, anyone who has been following the mainstream media or those that have been following cryptocurrency news should have heard about the recent Bitcoin crisis.
As we all know, the value of Bitcoin is always fluctuating. There are so many speculations on it and that makes traders crazy about this digital currency.
Although Bitcoin might be struggling right now, there are plenty of other altcoins that could skyrocket in the coming months.
5 Cryptocurrencies To Invest During Bitcoin’s Downfall
The cryptocurrency industry is growing by leaps and bounds, and with this growth comes the inevitable fall of many a newbie investor.
As cryptocurrency prices become more volatile and unforgiving to those not well-versed in the industry’s nuances, it would be wise to consider investing in cryptocurrencies where you are least likely to lose money.
To trade in profit and know what’s best for you in the volatile crypto-market, you can log in to bitcoin up. It can help you create a perfect roadmap regarding investment and ensure that you’re doing the right thing in the market.
Here’s a list of top 5 cryptocurrencies you can invest in during the Bitcoin crisis:
Ethereum’s Ether (ETH)
Ethereum was created by Vitalik Buterin and launched in the summer of 2017, after a series of crowdfunding campaigns. A total of 11.9 million ether tokens were issued, with an initial price of $0.31 per Ether token sold during the presale.
Staying invested means keeping your money in safe-haven assets—like gold or Bitcoin—and purchasing more when prices dip. The best way to do this is by investing in cryptocurrencies like Ethereum: these coins offer stability and security in an uncertain world.
Ripple’s XRP
Ripple (XRP) is a cryptocurrency that has been around since 2012. It’s designed to be an international currency, with its own blockchain and native token, known as XRP.
While XRP is not a stand-alone currency in its own right, it can be exchanged between different currencies, which makes it the perfect investment during a cryptocurrency crisis when one currency is in trouble and another one becomes more valuable.
If you’re looking for a way to invest your money while the rest of the world is losing theirs, then Ripple may be exactly what you’re looking for.
Avalanche (AVAX)
AVAX is a cryptocurrency that was created in mid-2018. The coin’s name comes from the Avalanche Mining algorithm, which is meant to be more energy efficient than other mining methods. It also promises higher rewards for miners who use this method.
It aims to address the long-standing problem of scalability in blockchain technology by creating a new generation of applications that can be deployed on any blockchain, with the capability to scale infinitely.
The price of AVX has risen dramatically since its inception. It is poised to keep going up even higher. If you’re interested in investing in cryptocurrency during this time, AVX is worth considering because it’s a long-term investment with huge growth potential.
Litecoin (LTC)
In recent years, Litecoin has become one of the most popular cryptocurrencies on the market. This is because it has been able to combine the best features of both Bitcoin and Ethereum into one cryptocurrency.
It also offers faster transaction times than Bitcoin does. Litecoin is currently worth more than $100 per coin, making it one of the most valuable cryptocurrencies out there today.
NEO
NEO is one of the few cryptocurrencies that has survived the current bear market, which has seen its value drop by 80% since late 2018.
It’s also one of the few cryptocurrencies whose value hasn’t been affected by the recent Bitcoin crisis, which saw Bitcoin plummeting from $20,000 to $3,000 in just a few weeks.
The fact that NEO hasn’t been affected as much as other cryptocurrencies like Bitcoin means that it could be an excellent investment opportunity right now.
And, if you’re looking for something safe and steady with lots of potential upside down the road, this might be your best option yet!
Takeaway
While investments will always be risky, an increasing number of people and organizations are working to make cryptocurrency a safe and secure way to store your money.
With the value of Bitcoin dropping significantly, investors can no longer depend on it as a safe haven for their money.
They must look elsewhere for a stable investment—and fortunately, there are other options available.