Today seems like the best day for investors after the turmoil in the crypto market over the past weeks. All cryptocurrencies that rank top 100 in value increased with significant percentages over the past 24 hours.
When writing this article (Tuesday 7 am), XRP was the top gainer, increasing by 20% to settle at $1.08. Keep in mind that the digital object has been struggling over the last week. Ripple saw drastic drops. For instance, on Friday morning, the virtual coin declined to 91 cents despite hitting record highs of $1.91 some time ago.
If you are up-to-date with financial news, you probably know how most cryptocurrencies swung with wild prices that left investors worrying. Do you think that things are going back to normal? The good news is that popular assets are regaining for now.
Market analysts predict that the market might swell anytime. However, you may have to be careful with any of your moves whenever you plan to invest in volatile markets.
Ethereum had the best in the previous 24 hours. That is after climbing to $2,708, a 17% rise. Ether has gone 5% high compared to a time like this last week.
After an 8% increase, Bitcoin is currently over $37,300. Although, the leading digital object is still 3% lower than where it was a week ago.
Dogecoin, the internet darling that trended a month ago due to Elon Musk’s support, increased by 14%. However, the meme coin is still 4% down than in the last seven days.
Litecoin hit $187 after the 13% surge. Referred to as a faster and lighter BTC version, the altcoin is 3% up in seven days.
RUNE, AAVE, and KSM saw increases of over 20%, while many others followed closely.
From the above insights, will you agree with crypto analysts that the market will boom soon? If the market continues with the same attitude, investors may enjoy returns shortly.
If you think that this is the time to invest, you can proceed. However, be careful before you invest. Remember, the market is still unpredictable. Feel free to comment on your opinions below.