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Showing posts from May, 2021

Crypto Is Crashing: Is Now the Time to Invest?

Cryptocurrency has always been unpredictable, but it's been on a roller coaster ride in recent months. Cryptocurrencies have taken a drastic turn for the worst after shattering records and reaching staggeringly high values. As of this writing, Bitcoin (CRYPTO:BTC), which hit a high of approximately $65,000 per token last month, has lost more than 30% of its value in the last ten days. Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE), two other prominent cryptocurrencies, are both down roughly 30% over the same time period. Market collapses can sometimes be advantageous to investors since they provide an opportunity to purchase equities at bargain rates. If you've been considering investing in cryptocurrencies but have been put off by their exorbitant costs, a crypto meltdown may make them more accessible. Is this, however, a reason to invest? Consider your risk tolerance. The most recent crypto meltdown serves as fresh evidence of the sector's turbulence. In the context of ...