So you missed out on the big upsides in big coins like Ethereum and Terracoin. Don’t worry, you’re not alone. The crypto market is littered with investors who missed out on epic gains and now have to wait for those same coins to recover before they can buy them at a reasonable price. We’re seeing that right now with Ethereum ETH and Terracoin Trending UP again. Yes, these are risky markets. You should never invest more than you can afford to lose. But there are always opportunities if you know where to look…
Some of the world’s most famous crypto billionaires have lost millions due to the recent crypto market crash as digital currencies drop in value.
What Really Happened?
Cryptocurrencies have been known to suffer when investors fear for the future of the global economy, although digital currencies appear to be safer investments than real-life currencies.
In recent weeks, some investors have begun to show concern over the current state of the market, and some have even sold their investments. High inflation and the turmoil in the global economy have contributed to these concerns. The currency crash hurt many billionaires, including Elon Musk, known among his followers on social media as ‘crypto bro’. Over a year ago, Tesla’s CEO bet $1.5 billion on Bitcoin, which lost over $300 million.
Will Terra (LUNA) and Ethereum (ETH) Return to their former position?
Terra (LUNA)
As Terra has launched in 2019, it has become one of the most popular platforms for decentralised finance (DeFi) crypto technology, as the ecosystem contains more than 100 native projects.
The price of the LUNA token, the company’s native token, dropped by 98% overnight after it was ranked among the top 10 most profitable currencies in the market earlier this week.
Last month, Luna traded for $120, but since it dropped below $1 on Wednesday (11th May), this is your best chance to pick up one of the most highly sought-after coins.
It may never be possible to purchase one of the top 10 cryptocurrencies for a price so small. The Terra (LUNA) price at the time of writing is $0,000038.
Ethereum (ETH)
Ethereum has been in the market since 2015 and overtook Bitcoin to become the second-largest cryptocurrency by market cap.
The blockchain is decentralised, open-source, and has smart contracts, DeFi apps, and other financial services like global payments.
Ether (ETH), its governance token, remains popular among investors because it continues to be profitable and successful. Earlier this year, Ether raised $2.3 million through its initial coin offering.
In spite of the volatility of the market, Ethereum has remained one of the most relevant coins over the years and now might be your best chance to purchase it at a cheaper price. Ethereum (ETH) currently costs $2,091.27.
BoostX: A Great Investing Opportunity
If you want to take advantage of lower prices during the market crash, you might want to look into crypto presales. To find new crypto innovations before they hit the market, launchpads are your best friends, and BoostX is the perfect project to invest in.
Multi-chain launchpads promote projects launching into the crypto sphere while providing investors with fair access to pre-sales.
BoostX allows you to purchase a coin before its market price is set, at the lowest possible price.
The price values of the top 5 and top 10 cryptocurrencies have plummeted to shocking levels as a result of the recent market crash, wiping out more than $1 trillion. Some, however, view price drops as their best opportunity to get Ethereum and Terra for the cheapest price.
Pre-sales crypto token prices are always high, so you don’t have to carry out extensive market research before purchasing. Get started with BoostX today.
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Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
