{"id":305457,"date":"2021-09-21T05:07:35","date_gmt":"2021-09-21T09:07:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=305457"},"modified":"2021-09-21T05:07:35","modified_gmt":"2021-09-21T09:07:35","slug":"5-best-cryptocurrency-to-buy-on-low-prices-september-2021-week-4","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cryptocurrency-to-buy-on-low-prices-september-2021-week-4","title":{"rendered":"5 Best Cryptocurrency To Buy On Low Prices September 2021 Week 4"},"content":{"rendered":"

The cryptocurrency market has taken something of a battering over the past day. The Evergrande and Chinese debt crisis has sparked fears of widespread market contagion. Investors have responded by developing a growing aversion to risk assets, including cryptocurrencies. As a result, the cryptocurrency market’s total value has plunged by just over 10% in the space of 24 hours. But while this selloff hasn’t spared a single major coin, it nonetheless presents the opportunity to buy cryptocurrencies at a discount. Accordingly, we’ve put together a list of the 5 best cryptocurrency to buy on low prices. This mostly includes low-cost coins, although it does include a couple that, while more expensive than others, are going for cut-down prices.<\/p>\n

5 Best Cryptocurrency To Buy On Low Prices<\/h2>\n

1. Bitcoin (BTC)<\/h3>\n

BTC obviously isn’t a particularly cheap coin, at least compared to others. However, yesterday’s Evergrande-inspired selloff has forced significant discounts on it. It fell by roughly 12% in the 24 hours following from 00:00 yesterday, dropping to a one-month low of $41,815. It has since recovered to $43,234, representing a 4% drop across the past week and an 18% correction in the last fortnight.<\/p>\n

\"Bitcoin<\/a>
30-day average (red), 200-day average (blue), RSI (purple, below).<\/figcaption><\/figure>\n

BTC’s 30-day moving average has dipped well below its 200-day average, indicating a major downtrend. That said, its relative strength index (RSI) has recovered to around 50, suggesting that its momentum is beginning to recover after yesterday’s fire sale.<\/p>\n

$43,000 may be expensive for most people, but it’s arguable that BTC is now cheap compared to its ‘real’ value. For example, the stock-to-flow model predicts an end-of-year price of around $100,000.<\/p>\n

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Although I focus on averages (green lines), and have no model for when or how high the top is, I expect the top to be in the yellow area:
– relatively later than 2013 & 2017 tops (\"lengthening cycle\"?)
– above 2017 top (no \"diminishing returns\"?)
So this cycle will be different. pic.twitter.com\/2H3hzOg17n<\/a><\/p>\n

— PlanB (@100trillionUSD) September 14, 2021<\/a><\/p><\/blockquote>\n