Reported 2 days ago
On December 17, Bitcoin reached a record price surpassing $108,000, gaining over 50% since the presidential election and 148% for the year. However, signs indicate a potential market overvaluation. In light of this, two alternative cryptocurrencies, Cardano and Litecoin, are presented as potentially undervalued options. Cardano, while up only 74% this year and trading significantly below its all-time high, shows promise with the possibility of a spot ETF launch. Litecoin is also appealing, trading 72% below its peak and gaining attention as a front-runner for ETF approval. Both cryptocurrencies offer opportunities for investors seeking alternatives in a volatile market.
Source: YAHOO