Crypto markets are facing a huge correction right now all across the board. 97/100 of the top 100 coins are in the red, and the prices seem to have stopped going down for now.
So, is it a good time to invest?
Coinmarketcap.com
Yes, I think that this is an amazing time to invest in cryptocurrencies, as the markets have corrected immensely after the big spike in the market cap we have been seeing for more that a month now.
Well, the markets will definitely bounce back after the correction, it is called a correction after all - the prices were too high to sustain themselves and had been rising for a long time. It always happens after such big rises, it is like a circle basically. And the prices being down so much, you can make a lot of money if you buy now and hodl thru the correction.
Honestly if anyone tells you the a coin is definitely going to increase in price, they are talking nonsense and they are morons. All I can say is to do research on the top 10 coins such as ethereum, bitcoin, ripple, litecoin, cardano, neo and decide for yourself on which one you should invest in. In my view ripple has decent potential to be a transaction medium, it being fast and with low fees, and frankly I think that it is in the oversold state right now, so we could expect some people to FOMO back into it. But I am not making any predictions right now, it is up to you to decide which coins you like the most. All I am saying is that this definitely is a good time to invest.
Disclaimer: I am not a financial adviser, just another friendly duk, and am not telling you to pour your money into anything. Take everything with a grain of salt.