Cryptocurrency Heard for the Month: 31 July 2022

 

Overall, the last two weeks for Crypto currencies have been positive. Our suggested portfolio on average is up 38.24%, since May 15, 2022.

Suggested Crypto currency  Portfolio Review

The following were our suggested entry price for:

 Solana (SOL):  $27.50

Avalanche (AVAX):   $15.00

VeChain (VET) 0.023

Cardano (ADA):  $0.50

Ethereum (ETH):  $1,007

Bitcoin (BTC):  $20,600

Binance Token (BNB):  $207

Litecoin (LTC):  $50.50

 

Solana (SOL) Current Price:  $44.41, UP 61.49%

About Solana

Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 511,616,946.142289 with 325,111,693.31357527 in circulation. It is currently trading on 278 active market(s) with $2,826,129,315.76 traded over the last 24 hours. More information can be found at https://solana.com.

 

Avalanche (AVAX)  Current Price:  $24.85, UP 65.67%

About Avalanche

Avalanche (AVAX) is a cryptocurrency launched in 2018. Avalanche has a current supply of 395,891,289.9134107 with 267,283,805.3648784 in circulation. It is currently trading on 222 active market(s) with $1,736,550,754.69 traded over the last 24 hours. More information can be found at https://avax.network/.

 

VeChain (VET) Current Price:  $0.028, UP 23.52%

About VeChain

VeChain (VET) is a cryptocurrency . VeChain has a current supply of 86,712,634,466 with 64,315,576,989 in circulation. It is currently trading on 176 active market(s) with $823,085,531.34 traded over the last 24 hours. More information can be found at https://www.vechain.org/.

 

Cardano (ADA) Current Price:  $0.53, DOWN 6.24%

About Cardano

Cardano (ADA) is a cryptocurrency launched in 2017. Users are able to generate ADA through the process of mining. Cardano has a current supply of 34,258,602,060.048 with 33,726,104,791.185 in circulation. It is currently trading on 413 active market(s) with $2,296,524,772.65 traded over the last 24 hours. More information can be found at https://www.cardano.org.

 

Ethereum (ETH) Current Price:  $1,715.57, UP 70.36%

About Ethereum

Ethereum (ETH) is a cryptocurrency . Users are able to generate ETH through the process of mining. Ethereum has a current supply of 120,156,685.374. It is currently trading on 5593 active market(s) with $20,337,222,115.20 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

 

Bitcoin (BTC) Current Price:  $23,808.89, UP 15.58%

About Bitcoin

Bitcoin (BTC) is a cryptocurrency . Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 18,997,031. It is currently trading on 9282 active market(s) with $35,204,522,704.87 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Binance Token (BNB) Current Price:  $292.79, UP 41.44%

About Binance

Binance (BNB) is a cryptocurrency . BNB has a current supply of 165,116,760.89. It is currently trading on 770 active market(s) with $2,028,728,366.89 traded over the last 24 hours. More information can be found at https://www.binance.com/.

 

Litecoin (LTC) Current Price:  $61.42, UP 21.62%

About Litecoin

Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 84,000,000 with 69,948,806.27791464 in circulation. It is currently trading on 753 active market(s) with $865,460,880.64 traded over the last 24 hours. More information can be found at https://litecoin.org/.

 At this stage, I believe it would be prudent to lock in profits on the suggested portfolio, which is averaging 38.24% in 2.5 months.

Until the next Crypto article, August 15, wishing all of you an outstanding summer vacation!

 Investment Diversification

Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street. There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decision choices, when investing in Cryptocurrencies.

 

 

 

 

 

 Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.

 

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