Is Now Good Time To Buy Litecoin (LTC), Cardano (ADA), VeChain (VEN), Ripple (XRP)?

With current market bearish, one question many would-be investors want to be answered relates to whether it's too late to buy Litecoin (LTC), Cardano (ADA), VeChain (VEN), Ripple (XRP).


With current market bearish, one question many would-be investors want to be answered relates to whether it’s too late to buy Litecoin (LTC), Cardano (ADA), VeChain (VEN), Ripple (XRP).

The 2017 cryptocurrency boom left many early adopters and investors in coins like Bitcoin and Ethereum reaping enormous returns. Some were turned into instant millionaires, and investing in crypto has become one of the hottest investment opportunities out there.

With many altcoins predicted to wither into oblivion in the near future, buying means weighing up options against that possibility.

Litecoin (LTC)

Litecoin’s price movements have been quite disappointing over the years. It hasn’t rallied to hit exorbitant highs as some would have thought. LTC reached a high of $375 during the last crypto boom but is now trading at $118. Though the trajectory is similar to most other top coins, its slow upside moves disappoint.

However, it’s not too late to invest in this coin. Apart from the current downtrend being an opportunity to buy low, there’s another reason for buying it.

Litecoin’s technology closely mirrors that of Bitcoin, but it has improved speed and has low fees. It’s, therefore, gaining a lot of attention as a possible alternative where BTC proves too slow or too expensive to use. It also is getting wiser acceptance as a micropayment currency- all pointing to a possible eventual global use.

LTC may drop to a low of below $100 but has the potential to recover to rally to its ATH if market sentiment improves.

Cardano (ADA)

One thing that makes it not too late to buy ADA is its low price that has plenty of room to grow. Just at $0.19, Cardano’s value is far away from its all-time high of $1.25. Although the coin has lost too much in terms of value, it’s expected that the platform’s steady growth will help the prices to rally once again.

The current tough run could, therefore, be taken as a good time to buy ADA.  However, if one is expecting quick returns, then its best you check elsewhere, as the strategy here is to go long.

Why is going long appropriate? NO coin can boast having been developed from a peer-reviewed scientific approach. On top of that, the unique Ouroboros protocol and the versatile Daedalus wallet make Cardano one of the most secure coins in the market.

Then the most telling sign that Cardano isn’t done yet comes from its three-pronged approach to developing the ecosystem. IOHK, Cardano Foundation, and Emurgo will likely make the coin reach wide adoption faster than many other altcoins.

VeChain (VEN)

VeChain will launch its VeChain Thor mainnet slightly more than a month from now. By then, if you hold 1 VEN, you qualify for 100 VET.  Nothing much will change in terms of value. For example, holding 1 VEN at the current price of $3.46 will get you 100 VET at $.0346.

Once market list VET tokens and trading begins, prices will adjust depending on prevailing market conditions.

Nevertheless, there’s one thing to watch out for: the possible explosion of use cases involving VeChain’s platform. Many enterprises are expected to utilize VET as more partnerships are formed. At the moment, the VeChain team has secured some of the most ambitious partnerships in the supply chain, logistics, insurance, agriculture, and IoT among many others.

The split into a dual token has a lot of incentives for users and could play a role in further adoption and use. The expectation is that demand for VET will lead to a significant price increase for VEN. The demand will be driven by the need to give enterprise users flexibility by maintaining high liquidity. It’s therefore not too late to buy VEN, especially if the team implements the recently released roadmap milestones.

Ripple (XRP)

Let’s understand that between 2015 and the market boom last year, the value of XRP rose +3,500% from $0.02 on January 2, 2015, to $3.84 on January 4, 2018. For anyone who had got in earlier than then no doubt reaped huge returns. It, however, has tanked to the current $0.62 against USD.  Can its value rise again to close in on the all-time high figure?

Ripple (XRP) is a crypto much capable of getting to new highs at prices, with recent expansions making it very possible. The massive efforts of the team at Ripple Labs have resulted in some impressive partnerships.

It is expected that these partnerships will play a big role in increasing XRP demand and thus its value. Banks and financial institutions remain XRP’s main hope of penetrating the cross-border payments sector, and there are some solid moves with the xRapid platform.

Fintechs and other MSBs could be the path to XRP’s price explosion. However, the crypto faces a lot of other pressures including regulatory uncertainty that affect sentiment. For XRP, reaching the $3.00 level is a bit tricky, unless the cloud clears. However, it’s possible to realize better prices than the current ones.

Conclusion: it’s expected that most of these coins will regain some portion of the lost value when the market turns bullish. However, it doesn’t guarantee long-term price gains. Thus, before you invest, consider the attendant risks and be open about your expectations.

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