We all know this golden rule of investing: Buy at the lowest prices! Specifically, most cryptocurrencies saw their price drop dramatically with the cryptocurrency crash in May 2021. So it’s the perfect time to do your sales! Find out below 3 coins that performed well before the crash, and whose very low price is currently a bargain!
Predicting cryptocurrency prices is not an exact science. Cryptocurrency prices are mainly dependent on the law of supply and demand and therefore are highly volatile. However, one of the ways to discover promising cryptocurrencies is to Look at its price behavior before and after the crash. This allows you to get an idea of the potential of the cryptocurrency. In fact, if the crash cuts off an intense bullish momentum, it’s a safe bet that the recovery will be just as strong. So the idea is to compare two indicators:
- 30-day price development, which represents the drop that occurred in the wake of the cryptocurrency crash in May 2021;
- 60-day price action, which gives an idea of the pre-breakout momentum. If the value is positive, it means that the rise before the crash was stronger than the decline after the crash.
The greater the difference between these two indicators, the more we can expect the price to rise again quickly.
Shiba Inu (sheep)
Shiba Inu crypto was created in August 2020. It quickly became the talk of the town by playing the Dogecoin (DOGE) counter card. In fact, this encoder is designed in The ultimate goal is to beat its official competitor, Dogecoin.
Admittedly, in terms of ambition, we’ve seen better! But this cipher has the advantage of being based on a fan community Very cohesive and motivated by the idea of catching up with DOGE. In addition, unlike Dogecoin, Shiba is part of the The ecosystem is being regulated Which in the long run is supposed to affect the booming region of DeFi.
After the turmoil in April 2021, Shiba Inu saw its price explode in early May before being hit hard by the crypto crash. Since then, her trajectory has been slow to resume her march forward. SHIB price dropped more than 70% within the last 30 days and by 30% within the last 7 days. On the other hand, evidence of its dynamism, in the past 60 days, the price of Shiba Inu has increased by about… 7300%! At the time of writing this article, the price of SHIB is 0.0000058 euros.
Ethereum Classic (ETC)
Ethereum Classic (ETC) is a crypto from a hard fork on the Ethereum blockchain. After a massive theft in July 2016, a deep controversy rocked the Ethereum community. The question was whether the blockchain should be “manipulated” to undo the consequences of such theft. Proponents of backtracking created ETH. On the other hand, the ETC blockchain corresponds to The original blockchain of Ethereum (ETH).
Also, at the moment Ethereum Classic is not available There are no plans to migrate to the POS model Like his older brother does.
Ethereum Classic lost its feathers in the May crypto crash. Thus, its price has fallen by 42% in the past 30 days and by 16% in the past 7 days. On the other hand, you should know that over the past 60 days, the course has taken almost 190%! So Ethereum Classic was one of the Encryption in good condition before crash. At the time of writing, the price of ETC is €49.
Telcoin (TEL)
Telcoin crypto was launched in July 2017. It is an ERC-20 token which subsequently runs on the Ethereum blockchain. Crypto TEL enables an ecosystem that aims to improve the remittance industry. It is clear that crypto Telcoin intends to Modernizing the services of the industry-leading company, Western Union. For this purpose, TEL is working to create bridges between cryptocurrency, blockchain, and the telecom industry.
Telcoin is a cryptocurrency to watch because its price was on display Great offers before the May crisis. Its course is currently being resumed. If the Telcoin price has lost more than 35% over the past 30 days, it is almost in equilibrium over the past seven days. Over the past 60 days, the price of Telcoin has increased by more than 380%!
Currently, Telcoin is the 58th cryptocurrency in the world by market capitalization. Its price was 0.026 € at the time of writing this article.
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If you want to learn more about Bitcoin and invest in cryptocurrency, here are two perfect books: Understanding Bitcoin in Two Hours and Investing in Bitcoin.
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