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Altcoins, by their very nature, tend to be more volatile than Bitcoin. Yes, the highs can be much higher, but the lows can be much lower. For example, Solana was up 11,171% in 2021 and 976% in 2023.
If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we ...
Since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1]The UK's Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although many of these were no longer traded and would never grow to a significant size.
This week was a choppy one for cryptocurrencies. Both were probably somewhat jealous of Litecoin (CRYPTO: LTC), which rose a juicy 22% higher. The major news item dampening the desire for cryptos ...
Meanwhile, other traders may step in and buy on the cheap. In short, volatility can help sophisticated traders “buy low and sell high” while inexperienced investors “buy high and sell low.” 4.
This week alone, many altcoins were down double digits and the slide may continue as the speculative bubble bursts. According to data provided by S&P Global Market Intelligence, as of 10 a.m. ET ...
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