There are three types of people in this world. There are those who view the glass as half empty (pessimists); those that view it as half full (optimists); and there are those who see water in a glass (realists). The crypto traders in the last two categories have already dealt with the shock of the crypto-markets declining and are looking for means and ways to purchase more of their favorite digital assets of XRP, Litecoin (LTC) and Tron (TRX) as we shall explore in depth in a bit. The first category has probably cashed out and has walked away from the industry only to run back midway through the pending Bull run and regretting their decision to cash out.
So why just Litecoin (LTC), XRP and Tron (TRX)?
To be honest, we love these three digital assets and their corresponding projects. We are taught never to invest using emotions, but today is a case where the coins we love are considerably discounted in the markets and we’d regret not to get some before the markets recover.
Looking at LTC, it is trading at $66 at the moment of writing this. XRP is trading at $0.35 and Tron (TRX) is trading at $0.025. LTC is down 11%; XRP has declined by 14%, and TRX by 14%. These are massive drops in value for a 24 hour period, but the last time these digital assets were valued at these levels was way back in mid-November last year before the spectacular Bull run of December and January. In a sense, the ETF news of the SEC delaying their decision till September 30th is the factory reset many savvy crypto traders were waiting to fill their bags with cheap digital assets.
All these 3 coins have massive developments in the last few weeks or months and intend on making the future great. Litecoin recently acquired a 9.9% stake at Germany’s WEB bank and aims at bringing Crypto Debit and Merchant services with TokenPay (TPAY). XRP recently got a major boost with the SBI Holdings Virtual Currencies exchange, VCTRADE, opening its doors to the public with new account applications on the 17th of July. Tron released its flawless Mainnet and Tron Virtual Machine in July with plans of making their platform great with an integration of the BitTorrent platform.
Summing it all up, there are three types of crypto traders during times of market decline. Those who will head for the hills and cash out; those who will buy more of their favorite digital assets; and those who are pragmatic enough to know that this type of decline happens and will get some more of their digital assets. With regards to the latter, Litecoin (LTC), XRP and Tron (TRX) look very attractive right now.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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