Cryptocurrencies continue to be on the agenda. Cryptocurrencies are also the center of attention in Turkey. In this context, crypto money investors closely follow all developments. Last minute came the important announcement about 4 cryptocurrencies. After the market collapse, it was announced that 4 cryptocurrencies have the best growing market potential.
THE LATEST SITUATION IN CRYPTOCURRENCY?
Crypto coins continue to attract attention and show themselves in the headlines every day. In recent days, following China’s ban decision on the use of crypto money, the crypto money market has been adversely affected by this situation. After the news broke, all the cryptos turned red.
After that, the recovery from that process to this time continues. Bitcoin, one of the best cryptocurrencies in the cryptocurrency market, fell to its lowest value of $ 30,415 this year after seeing a decline of more than 23%.
TOP PERFORMING CRYPTOCURRENCIES AFTER THE DECLINE
The following question arises; What are the best cryptocurrencies to invest in after a market crash. One of the most important ways to measure this is market value. Well, which crypto coins should be bought on top of these negativities continues to be intensively researched.
4 CRYPTOCURRENCIES WITH THE BEST PERFORMANCE HAVE BEEN ANNOUNCED!
Bitcoin’s price today is $ 32,666.8
One of the most curious questions came the explanation while the best performing currencies after the market crash; Bitcoin’s prices have risen from below $1,000 to over $60,000 since 2017. On top of this, especially with the entry into the bear market, Bitcoin prices continue to decline these days.
One of the most important reasons why the bear market lasts so long is that the thoughts of large governments on how to regulate Bitcoin or the taxation situation, mining are reflected negatively on the market.
Regarding the subject, with the tweets of Elon Musk, crypto money can read the market. In this spam, the purchase or sale of Bitcoin by a very famous person is also followed by the market. Bitcoin moves accordingly. But this is no reason to ignore the enormous market value it still has.
Ethereum Market Cap: 285,544,453,802.00
The price of Ethereum today is $2,400.
The price of Etherum increased from $200 to nearly $3,000 during 2020 and 2021. In May 2021, Etherum broke its own record, reaching $2,800 before falling last week. When we look at the market size of Ethereum, it ranks 2nd after Bitcoin. Ethereum is seen as an alternative to Bitcoin. For this reason, it can be evaluated in long-term investments. Although Ethereum’s market capitalization is low compared to Bitcoin, it is among the promising cryptocurrencies.
Tether Market Cap: $62,212,337,132.00
Tether, which ranks 3rd, is known as the leader of “stablecoins” in the market. The value of Tether, which is a stablecoin, is tied to a currency. For Tether, this is US dollars. In this context, the value of a Tether will always be $ 1 and there is no volatility in Tether.
Ripple Market Cap: $38,909,481,787.00
Ripple, which is ranked 4th, was not used for most of the years 2017 and 2018. In this context, it reached a value of only 0.60 US dollars in 2020. After the collapse in the market, Ripple’s current price is $ 0.8431.