Is it the right time to invest?
The market is crashing since Wednesday for all the cryptocurrencies. Bitcoin, the top most crypto, has decreased more than 28% this week, marking its price at $35,763 currently. Not only Bitcoin but all the other major cryptocurrencies have seen a massive decline in their prices.
This crash is being linked to the event on Wednesday when the People’s Bank of China told financial institutions to refrain from providing services to cryptos due to their volatile nature. Soon after the news came out, the prices for all the digital currencies went down drastically. Notably, prices of ETH went down by more than 43%, and the prices of DOGE, ADA, and BNB are decreased by 38%, 45%, and 55%, respectively, at the time of writing.
Amid this crash, the crypto named BotXcoin (BOTX) is seen to survive the market crash and is trying to regain its actual value. It had its all-time high at $0.375 on February 19th, 2021. Since then, it was having many rounds of highs and lows to reach $0.255 on May 19th, 2021. Even after the news of the People’s Bank of China, BOTX managed to rise at $0.28 on May 20th, 2021. The market price of BOTX, at the time of writing, is $0.2732 after an increase of 1.7% over 24-hours. It has increased almost 11.6% within a week.
Notably, BOTX is a digital currency that operates on the Ethereum network and has a current circulating supply of 1,632,102,305 tokens, and is currently ranked at #221 in market capitalization. BotXcoin provides a medium for using blockchain through copy trading. It believes that users can easily participate in the trading market using copy trading.
BotXcoin aims to change the experience of copy trading by removing the intervention of third parties. It has a ledger system to track and monitor the trader’s trading activities. The platform aims to build more platforms on the blockchain, which are safe and reliable.
Talking about the future of this cryptocurrency, it is pretty stable. In fact, all the cryptocurrencies will bounce back to their actual prices soon. So, it will be wiser enough not to sell these cryptos in a hurry. It can be rightly said that investing in BOTX is not less than a great deal if you are looking for a long-term, sound investment option.