The cryptocurrency market is failing after experiencing day on day gains in the past month. Bitcoin (BTC) is currently trading 7% lower in the past 24 hours at $3839.37 USD. Ethereum (ETH), Ripple (XRP) and Eos (EOS) have all experienced double digit losses in the past 24 hours with 14%, 10%, 17% loss respectively. The top 5 cryptocurrency list is completed by Litecoin (LTC) with 13% loss in the past day.
With the cryptocurrency market below the $130 billion mark the prices offer a perfect buying opportunity for investors. Below we discuss why we chose to purchase Bitcoin (BTC) and Tether (USDT) as our first two investments in the KT Index.
Current Purchase Value: $ 5000
Current price: $3841
Potential Purchase Value: $30,000 USD (30%)
Bitcoin offers a long term opportunity for growth.
Current Purchase value: $2,000 USD
Current Price: $1.00
Potential purchase value: $5,000
Tether (USDT) remains the biggest stable coin in the market today. Having a portion of USDT protects my portfolio against losses on the dollar.