The past 24 hours have been brutal for the overall cryptocurrency space, which in aggregate is down 7.5% at time of writing according to CoinMarketCap.
The crypto tracking website shows that Bitcoin is off 8.5.% over the last day, and both projects are currently discounted at least 44% from last fall’s price peaks.
This is significant because the offloading of Bitcoin from trading exchanges has steadily continued since March 2020, demonstrating a willingness by investors to not sell BTC and instead store it in their own digital wallets.
In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before.
Regarding Ethereum, its developers are entering the final stage of moving from the blockchain’s original proof-of-work approach to validate network transactions.
The single greatest truth in wealth building is “buy low, sell high,” especially when it comes to high-quality opportunities like these.
Both assets are Mercedes-class projects currently trading at Hyundai-level discounts of more than 44% from their peaks.
Tor Constantino is a corporate communications executive and business writer with an MBA.
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