Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Investing in Cryptocurrencies during this economic shutdown; here’s your need to know

Olumide AdesinabyOlumide Adesina
3 years ago
in Cryptos, Markets, Spotlight
Bitcoin users rise in Nigeria despite Senate, CBN campaign against it, Nigerians losing millions to crypto fraud, Investing in cryptocurrencies in this economic shutdown, Bitcoin could hit above $100,000 by August 2021, Hedge funds, Institutional investors rush to have a stake in Bitcoin, An unknown Bitcoin whale moved $1.3 billion in few mins. Binance, Bitfinex Coinbase, Huobi, receive about 40% of all BTCs , How to buy and sell bitcoins in Nigeria, Investors Are Selling Gold Etf for Cryptocurrency, Investors Are Selling Gold Etf for Cryptocurrency

A pile of bitcoins

Share on FacebookShare on TwitterShare on Linkedin

Investing in crypto assets has always been a hot trend among investors around the globe. However, selecting cryptocurrencies to invest in is often complex, especially for beginners.

According to CoinMarketCap, there are over 5000 crypto-coins to select from, although not all of them are worth investing your hard-earned capital in.

Recently, the Coronavirus pandemic has distorted the entire global financial markets. Even the crypto industry could not escape from the onslaught from the virus, having witnessed the most plunge.

Bitcoin: It has plunged about 45% and fallen from $10,500 to $6,579 lately. Interestingly, not long after the sudden drop in Bitcoin price, search engines such as Google recorded an increase in the number of people looking for how to buy Bitcoin.

(READ MORE: Cryptocurrency: Discern investors’ goldmine)

Now that the cryptocurrencies market is anything but stable, you are probably one of those prospecting about what crypto to invest in today in order to make it a safe long-term bet.

Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level

Well, you are making a good move because crypto will always be a good form of investment. Although it suffered a pullback when its price dropped from $10, 000 in February to $4,000 in middle March, Bitcoin has managed to gradually appreciate back at $6,699.

According to a famous cryptocurrency and Bitcoin investor, Tyler Winklevoss, the digital coin is expected to appreciate more in value as individuals across the world recover from the first shock of the deadly COVID-19 outbreak.

Ethereum: Ethereum has always supported its status as another profitable digital coin for investors. At the time of writing, it traded near the starting point of the $152. Analysts are predicting that it is not going to remain at this level for long, expecting the coin to see another uptrend sooner than later.

Ripples: Although Bitcoin is the number one choice for cryptocurrency trading, Ripple is another popular investment choice among individuals.

Unlike most digital crypto-currencies that target people, Ripples are designed as a payment alternative to financial institutions.

Currently, XRP is trading between $0.18264. Analysts are predicting a bull run to $0.21608 if the price goes above $0.19468.

Bitcoin Cash: The crypto asset started at about $200 at the beginning of the year. It currently stands at about $220 while crypto experts predict a rise to $350 at the end.

(READ ALSO: Bulls push Bitcoin pass $7,200 mark)

It should be noted that over the last few years, the cryptocurrency market has experienced difficulties. For this reason, it recommended that crypto investors always check the latest fundamentals such as market trends. They should also always endeavour to seek  expert advice.

Related

Tags: BitcoinCoinMarketCapCoronavirus pandemicCOVID-19 Pandemiccrypto industryCryptocurrenciesGlobal financial marketsInvesting in bitcoinNigerian Business NewsTyler Winklevoss

Comments 8

  1. Enny says:
    June 1, 2020 at 7:21 pm

    Good evening sir,
    Please I need your advise on Crypto currency trading and investment,I saw it on one platform, how legist it’s.How can someone invest and what are the likely risks.
    Thank you.

    Reply
    • gloria says:
      July 9, 2021 at 4:33 pm

      Bitcoin bulls are optimistic again and for good reason we have seen the price trading around $35k support level strongly, Nevertheless, for some days bitcoin has been moving If bulls are able to push the Bitcoin price above this resistance level in the near-term, Well bitcoin has been one of my source of income and it’s been successful because again i was able to grow my 1.5btc to 8btc within three weeks of trading with Jeffery Williams daily signals, i must say no time is ever too late to buy and start trading. Jeffery William can be reach via Fxtrade.supporter@protonmail.com for inquiries into profitable trading systems.

      Reply
  2. jacob willson says:
    August 29, 2020 at 7:27 am

    This is the way of the future working with this expert , and this should interest absolutely anyone who is looking for an opportunity to diversify and grow their asset portfolio. This includes investors who are interested in adding to their traditional portfolio options such as fixed investments, stocks, property, gold and so on, this experts recommended will be the best to fit in for any bitcoin issue, stolen bitcoin, lost wallet or hacked transactions, i emailed this team at :Blockchainnexperts@gmail.com for a solution of my stolen bitcoin, well i thought i sent my money to another scammer but no not this time, it was real ,i got it back but unfortunately they recovered just little of my stolen bitcoin, then i asked if i could invest my bitcoin to get profit, yes, you can invest your money or bitcoin with this team,i invested $2k bitcoin with this team ,few days later i was asked to send my wallet address for my profit which i received with bonus , Thanks to this team for the hard work and time dedicated for my work.you are the best

    Reply
    • glory says:
      July 9, 2021 at 4:28 pm

      Bitcoin bulls are optimistic again and for good reason we have seen the price trading around $35k support level strongly, Nevertheless, for some days bitcoin has been moving If bulls are able to push the Bitcoin price above this resistance level in the near-term, Well bitcoin has been one of my source of income and it’s been successful because again i was able to grow my 1.5btc to 8btc within three weeks of trading with Jeffery Williams daily signals, i must say no time is ever too late to buy and start trading. Jeffery William can be reach via Fxtrade.supporter@protonmail.com for inquiries into profitable trading systems.

      Reply
  3. lily says:
    May 14, 2021 at 2:47 am

    This is the way of the future working with this expert , and this should interest absolutely anyone who is looking for an opportunity to diversify and grow their asset portfolio. This includes investors who are interested in adding to their traditional portfolio options such as fixed investments, stocks, property, gold and so on, this experts recommended will be the best to fit in for any bitcoin issue, stolen bitcoin, lost wallet or hacked transactions, i emailed this team at :QUICKFUNDRECOVERY 2 YAHOO.COM for a solution of my stolen bitcoin, well i thought i sent my money to another scammer but no not this time, it was real ,i got it back but unfortunately they recovered just little of my stolen bitcoin, then i asked if i could invest my bitcoin to get profit, yes, you can invest your money or bitcoin with this team,i invested $3k bitcoin with this team ,few days later i was asked to send my wallet address for my profit which i received with bonus , Thanks to this team for the hard work and time dedicated for my work.you are the best

    Reply
  4. Smith Williams says:
    June 24, 2021 at 1:40 pm

    Being a scam victim can be depressing. you were given empty promises. they usually stop replying after achieving their aim which hurts even more. i have been there too as i was too ambitious and wanted financial security which made me invest a huge chunk of my life’s savings. i never thought i would be getting back and already lost hope until i found a team and contacted them which was a leap of faith as i wasn’t going to go down without a fight . Remotespytech , a recovery expert that helped me get a significant sum of investment back. do not broad alone, make a move too, send them a mail via Remotespytech (@)gmail{}com…Give this genuine expert a try now!! He can as well put you on a genuine bitcoin investment/ forex trading platforms

    Reply
  5. Smith Williams says:
    June 24, 2021 at 1:43 pm

    Do you need help in recovering your stolen crypto/ funds and you are left with no way to recover them. Here is a good news of a reliable funds/crypto recovery expert who you can reach out to at (remtoespytech((at)) g-mail[]coom) for assistance.

    Reply
  6. patrick devereux says:
    May 4, 2022 at 12:53 pm

    I had a very bad experience trading with kingoptionsfxtrade. com, i

    invested $727,600 and made profits of $ 1.4 million dollars but when i tried to withdraw they contacted me and said i had to pay a withdrawal tax to the company, an extra $480,000 which i paid though it doesn’t make any sense, then another account manager with the name Elias contacted me and asked me to pay more and when i refused they flagged my account and said my activities were illegal,

    they suspended my account a few days later and all my efforts to contact their customer service proved abortive. I heard about Asset Recovery Firm claimpayback who have been helping victims of scam recover their digital asset after sharing my experience with traders on Reddit, i contacted them and they requested for the wallet adresses involved together with the transaction hashes. i have received a franction of 478,000$ in my trust wallet already and waiting for the outsourced wallet to be detached today once the Bnb gas fee goes through. you can open a case directly with support@claimpayback. com or chat with their customer support on their website

    Reply

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • How FG can drive investment in airplane Maintenance, Repair and Overhaul – Capt SamuelCaulcrick
  • Court orders four commercial banks to appear over N3.4bn Oyo state government debt
  • List of Independent Power Plants operating in Nigeria

Follow us on social media:

Recent News

How Nigerian Government can drive investment in airplane Maintenance, Repair and Overhaul – Capt SamuelCaulcrick

How FG can drive investment in airplane Maintenance, Repair and Overhaul – Capt SamuelCaulcrick

March 27, 2023
Court orders four commercial bank to appear over N3.4bn Oyo state government debt

Court orders four commercial banks to appear over N3.4bn Oyo state government debt

March 27, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions
  • 2023 Elections

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!