By Mark L - Crypto Speculator 07-07-2022
There were just a few methods to profit from the crypto dump when it first started. One option was to simply make a Bitcoin buy or buy altcoins and hang onto it, hoping that the price would rise to an unanticipated all-time high.
We looked at a few other cryptocurrencies to see what their potential and characteristics were. Here are the ones that might eventually lead to today's surprise price increase.
Welups Identity Blockchain intends to address the growing number of Internet scams and frauds that are affecting nearly every business. Individuals may be identified via a blockchain, which reduces the danger of identity theft and hacking.
The Welups Blockchain team came up with the idea of making the environment user-friendly. Welups is also a promising future possibility, with a staff of industry professionals that is continually growing.
$WELUPS, the company's native cryptocurrency, is listed on CoinMarketCap and CoinGecko. With its own native token, Welups is a one-of-a-kind Identity Blockchain platform. It's also available on a number of crypto trading platforms, including Lbank, XT.com, Hoo, Indoex, DigiFinex, and, most notably, LATOKEN. Overall, the price of oil and gold has increased, while the Bitcoin price and other cryptocurrencies has decreased. Despite Bitcoin's price dip, the $WELUPS price has increased by almost 1.1 percent in the previous 24 hours. Notably, Bitcoin's price has dipped below $35,000. This is the first time since July 2021 that the price has dipped so low.
The sudden decline might also be attributed to Russia's military intervention in Ukraine. The price dropped as a result of President Vladimir Putin's declaration of a "special military operation" in Ukraine.
When hostilities between the two countries were at an all-time high, analysts projected this fall. Furthermore, in the previous 24 hours, the whole cryptocurrency market cap has dropped by almost 5%, pushing the total market cap below $1.6 trillion.
Could now be a good time to buy? If you are looking to Buy and Sell Cryptocurrency, but you’re not sure where’s the best place to buy Bitcoin (BTC) in the UK? You can head over to BC Bitcoin, where you can chat to a team member to get you started today.