In case you haven’t heard, the wheels have finally fallen off the cryptocurrency market.
In order to distract people from the worst day ever on the U.S. Stock Market, the mainstream media is throwing everything it can at Bitcoin.
Sadly, some of that FUD has stuck and realistically, it could now be weeks until Bitcoin juggernauts back toward $10,000. The good news, however, is that as the markets bottom out, some of the most promising altcoin offerings can be picked up ridiculously cheaply.
Under normal circumstances, an altcoin flat-lining at $0.02 per token, would be a warning sign for investors to steer clear. Today, however, veteran altcoin DigiByte did just this. Rather, though, than spook investors, now is the ideal time to take advantage of DigiBytes $0.02 price tag. This and the $0.04 price tag of new to market token, Electroneum.
Buying low and selling high is the easiest way to profit in digital currency trading. The only problem is that recently, new to market investors have been throwing capital at many altcoins without either rhyme or reason. DigiByte, however, isn’t just any other altcoin.
Created in 2013, DigiByte has a robust 5-year development history under its belt. As a result, DigiByte benefits from:
DigiByte, if you like, is far from a trash coin or novelty coin like Dogecoin. Instead, DigiByte has developed a market-ready blockchain; one designed specifically around solutions to long-standing scalability problems with coins like Bitcoin and Ethereum.
Switching over to Electroneum, Electroneum is a newcomer to the cryptocurrency market which is currently priced at $0.04.For new to market investors, however, this is a good thing. This is because Electroneum is one of the only altcoin offerings which is (almost) guaranteed to break out past $0.50 over the course of the next 12-months.
As for why Electroneum should be on investors radar, there are several reasons.
Of course, Electroneum does have one significant drawback. With in excess of 50 billion coins, many argue that it is impossible for Electroneum to reach the same dizzying heights as coins like Litecoin. What investors need to remember, however, is that coin volumes are designed to reflect the fact that coins can be mined by anyone who uses the Electroneum app.
At present, all eyes on the cryptocurrency market are on top market cap coins like Bitcoin. As soon, however, as the market rebounds and turns more bullish, investors are going to start investing heavily in utility-based tokens just like DigiByte and Electroneum.
Of course, no one can say with any certainty when markets will rebound. Coins like DigiByte and Electroneum, though, make easy and affordable punt investments which could return significant profits in a relatively short period.