7 coins to accumulate in the dip.
Ileke Airende
Web3 Marketer| Product Marketer| GTM for crypto native and non-crypto firms| Event Host | Project Manager
Bitcoin has been on a bull run and recently saw a drop, allowing us an opportunity to add to our holdings.
Additionally, as we all know, because the price metrics of the majority of coins or tokens are based on those of bitcoin, when bitcoin falls, they fall as well. As such, we’d like to examine the best cryptocurrencies to buy during this slump.
According to market data, as soon as bitcoin fell, speculators rushed to purchase the dip, resulting in an increase in “Buy the Dip interest”.
This roundup of the five greatest cryptocurrencies to invest in during this accumulation phase may help you earn astronomical profits on your investment. Specifically, investing in cryptocurrencies at the proper time can result in enormous returns.
2022 began with a dip
The last several weeks have not been kind to bitcoin prices. Coins and tokens that experienced massive price swings months ago are gradually dropping, with some now down to their October levels.
While this is surely nerve-wracking for some investors, bear markets do not persist indefinitely. Certainly, there are cryptos to purchase at the moment in expectation of a turnaround.
The market has been plagued by selloffs, led by none other than Bitcoin. Profiteering by Bitcoin holders has resulted in the coin’s price plummeting about $20,000 in the last three months.
As is customary, the bearish momentum is dragging the rest of the market lower. As the crypto with over half of the industry’s total market capitalization, its influence on altcoins is unavoidable.
The decline is in no way indicative that Bitcoin is getting less desired, quite the contrary. Indeed, trading volume continues to increase, as new investors want to take advantage of low entry prices and established investors seek to diversify their portfolios at a discount.
Clearly, the larger market anticipates another breakout in the value of cryptos. Thus, which cryptos should investors purchase in order to maximize their gains from what is regarded to be an eventual turnaround? Consider the following:
Source: Google.com
Flux is one of the tiniest projects on this list, although that will not last long. The cryptocurrency is a prudent bet on Web 3.0 development, and it is one of the coins ready for a breakout this year, not just due to speculative enthusiasm, but also due to a product offering that bolsters its fundamental value.
Of course, it helps that it has a rapidly rising fan base on social media, which is eager to see investors from all over the world exposed to the network.
The Flux network aims to provide customers with an alternative to the online service suites supplied by technology behemoths such as Amazon and Alphabet.
The blockchain network enables the provision of decentralized web services via the FluxOS operating system. Any individual, organization, or business can use FluxOS to develop their applications, host servers, and manage oracles.
Additionally, the network promises to provide its users with the fastest possible speeds regardless of their location or time of day. It accomplishes this through the usage of FluxNodes, which are user-operated nodes that connect other users to services.
The protocol selects nodes based on their geographic closeness; with FluxNodes operating on a global scale, this ensures the promised high speeds.
There are various additional benefits to utilizing Flux, including a local wallet called Zelcore and the possibility to mine for FLUX via parallel mining on other blockchains. It demonstrates enormous promise as a Web 3.0 cryptocurrency, migrating many of Amazon Web Services’ services on the blockchain. Expect to see more of Flux when Web 3.0 gains momentum in 2022.
2. SHIBA INU
Source: Google.com
Shiba Inu continues to inspire some investors and enrage others. However, regardless of your feelings regarding the pupcoin, it is evident that developers have been working diligently to improve the SHIB ecosystem.
These scheduled rollouts help to position SHIB as one of the finest cryptos to buy during the down market. SHIB has gotten along quite well on sentiment alone during the last year.
Indeed, everyone who has heard of Shiba Inu has almost certainly done so via one of the many thousands of Shiba Inu bulls who pump the token on Twitter. This sentiment has propelled it to prominence as one of the world’s most successful pupcoins, briefly surpassing Dogecoin in market cap.
However, things cannot and will not continue in this state indefinitely. As bulls exhaust themselves, the token demonstrates its capacity to simply dip back down.
Developers are taking issues into their own hands to avoid this perilous reliance on guesswork. They are accomplishing this through several projects that will significantly help the SHIB ecosystem.
The first of these initiatives is Shibarium, a layer-2 network. Shibarium promises to significantly enhance SHIB’s capabilities by completely relocating the project on its specialized blockchain network. The launch of Shibarium will be accompanied by the introduction of a native stablecoin to support the project’s existing decentralized exchange, ShibaSwap.
Shibarium will also serve as the headquarters for another large-scale endeavor known as the Oshiverse. The Oshiverse is a metaverse that SHIB is building in collaboration with Playside Studios in Australia and William Volk, a former Activision Blizzard (NASDAQ:ATVI) developer. If these ambitious objectives be implemented smoothly, 2022 might be a watershed year for SHIB.
Shiba Inu continues to inspire some investors and enrage others. However, regardless of your feelings regarding the pupcoin, it is evident that developers have been working diligently to improve the SHIB ecosystem. These scheduled rollouts help to position SHIB as one of the finest cryptos to buy during the down market.
SHIB has gotten along quite well on sentiment alone during the last year. Indeed, everyone who has heard of Shiba Inu has almost certainly done so via one of the many thousands of Shiba Inu bulls who pump the token on Twitter. This sentiment has propelled it to prominence as one of the world’s most successful pupcoins, briefly surpassing Dogecoin in market cap.
However, things cannot and will not continue in this state indefinitely. As bulls exhaust themselves, the token demonstrates its capacity to simply dip back down. Developers are taking issues into their own hands to avoid this perilous reliance on guesswork. They are accomplishing this through a number of projects that will significantly help the SHIB ecosystem.
The first of these initiatives is Shibarium, a layer-2 network. Shibarium promises to significantly enhance SHIB’s capabilities by completely relocating the project on its specialized blockchain network.
The launch of Shibarium will be accompanied by the introduction of a native stablecoin to support the project’s existing decentralized exchange, ShibaSwap.
Shibarium will also serve as the headquarters for another large-scale endeavor known as the Oshiverse. The Oshiverse is a metaverse that SHIB is building in collaboration with Playside Studios in Australia and William Volk, a former Activision Blizzard developer. If these ambitious objectives be implemented smoothly, 2022 might be a watershed year for SHIB.
3. ETHEREUM
Ethereum is a crypto that should always be purchased regardless of market conditions. It is by far the most widely utilized layer-1 blockchain network in the world. Its platform currently hosts thousands of DApps. Additionally, its vast market capitalization of $385 billion is only topped by Bitcoin.
However, while ETH is a prudent investment almost every time, the current environment makes it an even better option. Of course, there is the possibility of a rebound; buying the drop now usually always results in gains in the coming months. However, there is an even more compelling reason to purchase ETH sooner rather than later, and it will arrive in mid-2022.
The Ethereum Merge will be the network’s most significant upgrade to date. It’s one of the most eagerly awaited updates. Along with adopting sharding, the network will transition from proof-of-work to proof-of-stake. This pair of modifications will have a substantial impact on Ethereum users, significantly lowering gas fees and significantly increasing scalability.
For some time now, the network has been preparing for the Merge. The Beacon Chain began operation in December 2020; it runs concurrently with the Ethereum main network chain and stores all incoming updates. Following a slew of other improvements and preparation work through the fall of 2021, developers estimate that the chains will eventually be united in June 2022 to form the Ethereum 2.0 network.
As the network’s largest update to date, there are undoubtedly high hopes for its success. A wager on the success of this meticulously planned improvement may prove highly profitable.
4. TERRA LUNA (UST)
Source: Google.com
Stablecoins are a technology that the greater crypto investing community is currently overlooking. Naturally, their valuations are connected to the US dollar. This means their valuations are not being harmed by the current market drop.
However, when the gloomy time passes, interest in stablecoins will resurface. Their applications in DeFi are numerous, and they will continue to be a staple of the investing world.
Terra is a cryptocurrency that has a strong connection to stablecoin trading. This indicates that it may be a cryptocurrency poised for growth following the weak market.
Terra is inextricably related to stablecoins because it powers one of the largest stablecoins accessible on the market. Whereas some stablecoins rely on reserves to maintain the coin’s value and tie it to the dollar, UST relies on Terra. Terra and UST can be converted back and forth, resulting in a highly liquid circulating supply of both.
When the value of UST falls below one dollar, holders may change their UST to LUNA. This decreases the quantity of USTs and restores their value to a dollar. Similarly, when UST prices exceed $1, LUNA holders can convert their LUNA to UST, increasing the supply of UST and reducing the price down.
This methodology makes the LUNA cryptocurrency an excellent alternative for arbitrage traders, and early users are finding it highly profitable. The coin was trading for little more than 80 cents in January of last year. LUNA is currently trading at $84 per share. And the rise has bolstered UST’s position as a stablecoin significantly, increasing its market worth from just over $220 million to nearly $11 billion.
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5. RIPPLE (XRP)
领英推荐
Source: Google.com
Ripple’s difficulties have persisted for an absurdly lengthy period. The corporation is still embroiled in a contentious legal battle with the United States Securities and Exchange Commission (SEC).
However, these legal issues appear to be a speed hump for XRP values. Throughout the last 14 months, the coin has demonstrated its ability to stay afloat. Now, as it focuses its efforts on completing the litigation, it may be prepared for a boom.
International wire transfers are here to stay. Every day, people send money across international borders. Ripple evolved into the huge network that it is today as a result of this circumstance. By utilizing Ripple and XRP, consumers may avoid the exorbitant fees connected with international money transfers.
Early 2018 witnessed a tremendous uptake of Ripple’s services, pushing XRP values to an all-time high north of $3. Nonetheless, its success has earned the US government’s wrath. The SEC’s 2020 lawsuit against Ripple has brought these prices back down to earth, but XRP is far from dead.
Although the XRP coin acquired value until 2021, one has to question how much more it might have gained if not for this legal struggle. However, with Ripple appearing to be boxing the SEC into a corner, the litigation may be settled in 2022, allowing XRP to develop more freely.
6. POLKADOT(DOT)
Source: Google.com
This is arguably the perfect time to add DOT to your investment portfolio. After the parachain auctions, the token dropped over 50% from $54 to $24. Polkadot is currently retracing its steps back to former highs.
The rally began in 2021 as a result of the anticipation around parachain auctions. This year, we’ll examine how those parachains function and how they contribute to web 3.
The meta protocol is designed to accompany 100 parachains that are connected by a relay chain and share a high level of security. Polkadot kept its promises by incorporating parachains to complete the functionality. The base layer’s lack of application capabilities will now be addressed by these customisable parachains acting as execution layers.
It’s also worth noting that under crowd loans, millions (106M to be exact) of DOT tokens will be locked for an extended term. As a result, it will have an effect on the price in the future as well.
See also:?Bxmi Token Hits a New All-Time High
7. COSMOS (ATOM)
Source: Google.com
ATOM has been one of the most neglected crypto assets over the last year. The primary reason for this is a lack of knowledge about the Cosmos ecosystem and the critical nature of interoperability in the blockchain world. Cosmos is the only ecosystem in cryptocurrency capable of developing an inter-chain protocol known as IBC.
For years, we were unaware of Cosmos’ advancements and refinements. That is gradually changing. With IBC, we now have a system that permits the communication of many blockchains.
It’s similar to the future internet, where blockchains take the role of PCs. Additionally, many people overlook the fact that Cosmos SDK was used to build a large number of reliable blockchain networks. The Luna ecosystem, which is now undergoing a major expansion, is built on Tendermint core and Cosmos SDK features.
8. POLYMATH (POLY)
Source: Google.com
If you understand the prognosis for digital assets in 2022, this is one of those asymmetrical bets you can make. Polymath is a market leader in delivering industry-leading security solutions to token issuers, service providers, asset managers, and traditional bank-enabled businesses.
Polymath has successfully launched over 200 tokens and secured over 300 tickers for its custom-built blockchain, Polymesh.
Polymath is a good project not only for its powerful infrastructure for offering digital securities, but also for the enormous prospects it may create in existing markets.
Businesses can quickly raise cash and liquidity through security token offerings, or STOs, in a regulated framework. As the public gains faith in regulation-approved assets, we believe Polymath will emerge as a leader in the crypto industry’s enormously undervalued and neglected area.
See also:?Solana Price Prediction for 2022.
9. DUSK (DUSK)
Source: google.com
Dusk just staged a large rally in late December. This, we believe, is only the beginning, as Dusk’s potential is far greater. As with Polymath, Dusk seeks to address a trillion-dollar problem in the capital markets by establishing a privacy blockchain based on zero-knowledge proofs.
Dusk’s open-source blockchain technology enables businesses to reduce operational costs and easily access deep liquidity. Dusk guarantees the highest anonymity for every user with Zero-Knowledge proofs.
They can communicate and manage transactions without ever revealing sensitive on-chain data. Thus, Dusk’s potential is considerable, and it may have a parabolic surge in the future or in Q1.
10. CHAINLINK (LINK)
Source: Nairametrics.com
Chainlink was one of the earliest significant developments in DeFi. It began a significant run against the ETH charts in January 2019, although they peaked during the first DeFi summer.
If we take the LINK/ETH pair as an example, it has been in a bear market for over a year. It is conceivable that in 2022, it will alter the narrative around oracles and reclaim its prior all-time high, if not surpass it.
Almost daily, we see new Chainlink agreements. Chainlink oracles have a substantial commercial presence. As a result, it is only a matter of time before we observe a shift in market attitude for LINK tokens, thereby propelling the formation of a new positive structure.
11. Yield Guild Games (YGG)
Source: Google.com
If you are not optimistic on the play-to-earn trend and decentralized autonomous organizations in 2022, you will miss out significantly. In the last year, we’ve seen only a sliver of the P2E economy.
In terms of gameplay, functionality, and active users, we will see far more than Axie Infinity. And the easiest way to gain exposure to these successful projects and their corresponding tokens is to join a gaming guild such as Yield Guild Games (YGG).
As a result of all of these factors, we estimate YGG will attain a market capitalization of $1 billion (a very conservative forecast) in 2022. Additionally, members of this DAO can expect high-APY staking pools and frequent airdrops.
Conclusion
In 2021, the cryptocurrency market reached a market capitalization of three trillion dollars. We are now at 2.2T. A significant drawdown is possible. As a result, we can anticipate reclaiming the previous market cap high, propelling major cryptocurrencies to new all-time highs.
The first step toward a breakthrough in 2022 is for bitcoin to reclaim its previous all-time high. This will nullify any bearish scenarios and assist in propelling other altcoins to new highs.
Due to the fact that the aforementioned coins have significant functionality and market potential, we anticipate them will surpass the majority. However, you must conduct research and position yourself optimally through risk management.
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