Now Is The Best Time to Buy Monero (XMR) And Other Cryptos
After a massive surge this year, Bitcoin experienced a strong correction which led some experts to say that this could be the best moment to buy the dip.
Smeartereum notes that most cryptos are tied to a particular range as the consolidation goes on.
Now is the best time to invest in crypto
According to crypto experts, now is the best time to buy.
The online publication writes that “A major drop in volatility, as well as a continued consolidation, were observed on the daily chart for the coin. Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”
They cite information from Bitcoinist and bring up Josh Rager crypto analyst.
“With a lack of major volatility, things quiet down. Reminds me when we were under $4k (not near as quiet) but these are the times where I set targets on Bitcoin & maybe a few alts. Months from now people will wish they would have taken more action during the slow price movement,” Smartereum says.
He has been setting targets on Bitcoin and a few altcoins when market situations are in this state.
It's time to invest in Monero
Monero has been gaining popularity and more investors understood that the privacy-oriented coin is one of the best investments for the future.
XMR has been struggling to stay above $80 and now the coin is trading in the green on CMC. XMR is priced at $84.24.
They note that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they continue to work on improving the project.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018