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The cryptocurrency market has been experiencing an excellent pullback from its lows between the months of May-July 2021. The rally has been such that most coins have managed to recover to their previous highs and coins like Bitcoin and Ethereum are still 30% away from their all-time highs. This rally has gotten investors thinking that the market is in an overbought zone and that they should refrain from making any fresh investments.
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Think you’re too late to invest in the cryptocurrency market? Think again.
The cryptocurrency market has been experiencing an excellent pullback from its lows between the months of May-July 2021. The rally has been such that most coins have managed to recover to their previous highs and coins like Bitcoin and Ethereum are still 30% away from their all-time highs. This rally has gotten investors thinking that the market is in an overbought zone and that they should refrain from making any fresh investments. However, this thought process is completely wrong. There are still a few coins out there that are extremely undervalued and will rally at their own time. Litecoin is one of those coins, if you are looking for answers to questions like “Litecoin buy Canada” then we have you covered.
Why does Litecoin seem undervalued? Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology. The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments. Litecoin is one of the oldest coins around and is currently priced at $165 which is almost 1/3rdof its lifetime high which makes it an exciting buy.
What are some other undervalued coins? Bitcoin Cash is also one such coin that is extremely undervalued looking at the current market conditions. Bitcoin Cash was introduced to tackle the flaws of Bitcoin(transaction time) but at the same time, it maintains the fundamentals of Bitcoin. Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent. Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer. Bitcoin Cash has various use cases.
In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new microtransaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Bitcoin cash is currently priced at $600 which is almost 1/7th of its all-time high ($4,200). How do I get started? If you are looking for answers to questions like “how to buy Bitcoin Cash in Canada” then all you need is Netcoins.
Netcoins is one of the top-rated brokers for cryptocurrency trading in Canada, their seamless platform ensures that you have an elicreate an account, fill in the necessary details and then you just insecurity. teexperience by maintaining the best level of, All you need to do to get started is log onto the Netcoinswebsitedto transfer money into your wallet and begin trading.SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/08/27/think-youre-too-late-to-invest-in-the-cryptocurrency-market-think-again/
