The entire crypto space is up over 5% today, reaching a total market value of $907 billion according to CoinMarketCap.
Are Bitcoin and Ethereum purchases?
Despite these recent price rallies, BTC is currently 70% off its peak price of $68,789 per coin set on November 10, 2021, while ETH is down 77% from its peak price of $4,891. reached on November 16, 2021. Read also: Why is the price of Cardano (ADA) rising today?.
It is not financial advice and investors should determine what amounts they can afford to invest and should always do their own research. But the price of Bitcoin and Ethereum is currently very low relative to their respective utility, massive user base, enduring power, and future potential. In my opinion, now is the perfect time for anyone looking to add crypto-currencies to its wallet to start averaging – weekly or monthly – in these two cryptocurrency projects in order to minimize risk and mitigate volatility in the entry price over the long term.