Cryptos I plan on buying
Cryptos I plan on buying
In today’s article I’m going to cover the cryptocurrencies I plan on buying. If you want to know when I plan on catching the bottom and start buying then you can read my previous article. I’m going to explain why exactly I plan on buying these coins and why you should as well. However, I do want to state that none of this article is financial advice these are just my plans for the market. So with that being stated let’s get into today’s article.
Ethereum
So my first cryptocurrency pick is going to be Ethereum and here’s why. So first let me start by saying I typically don’t buy Ethereum and usually just buy altcoins. However, with the current market conditions, any coin is likely going to have the same returns as Ethereum at the moment. That’s because Ethereum usually dictates the altcoin market and with Ethereum already so low many other altcoins have either got crushed to zero or have lost most of their market cap. So most market sentiment has left the altcoin space.
Now there are still a few altcoins that are worth investing either because they can give you the same ROI ( Return of Investment) as Ethereum and give you the option to stake or farm liquidity. Or they have a small chance of outperforming Ethereum in the current market conditions. I have one altcoin on this list that I think will do a mix of both options I’ve stated so make sure you keep reading to find out about that coin. However, I do plan on buying some Ethereum and just Hodling it since I’m going to be buying it at such a low price. That’s why I’ve made Ethereum my number one priority in terms of what I’m investing in right now.
Bitcoin
Typically I will say I don’t buy bitcoin unless I’m moving money around exchanges since it has cheap transaction fees and is accepted on every exchange. However, I do plan on buying some bitcoin and just Hodling it. Now the reason I’m buying Bitcoin is very simple. Bitcoin moves the market so It’s just a no-brainer to buy some when it’s at this price. Now I might get fewer gains than Ethereum during the bull run. But Bitcoin is safer and more secure than any other cryptocurrency. So with Bitcoin moving the market coupled with the fact that Bitcoin is the safest and securest cryptocurrency makes it a coin that is guaranteed to make gains and go up.
Fantom
Now one last crypto on my buy list is going to be Fantom. Now I said I wasn’t going to buy any altcoins and for the most part that’s true. As of right now I just have orders set in just for Ethereum and Bitcoin. That’s because I’m most confident about those coins since they are the least risky coins and since they confirm and set the trends in the market. I plan on buying my Fantom once the bull market starts to kick in. This is the best time to get in since this prevents any more losses and since altcoins take more losses than Ethereum and Bitcoin it’s best to buy when we can prevent the most amount of losses. Now why I’m buying Fantom is simple and smart.
To start one reason I am buying Fantom is because of how well it performed last bull cycle. It shot all the way up to $3.50. If you cash out at $3 the profits you can make from buying it during this bear cycle you can 10x your money easily. Another reason I’m sticking to Fantom is because of the team behind Fantom they have some of the best developers in the altcoin space behind Fantom not to also mention that Andre Cronje has his name behind the project. Even though he is no longer associated with the project the name still holds some value to the project. One last point I want to mention also Is the ecosystem Fantom has developed. Fantom has some of the best DeFi exchanges in the altcoin space offering some of the best APY’s on one of the safest and securest blockchains. Not to mention the fact that the Fantom developer team has rewards they give out in Fantom to developing projects on the blockchain and increase the number of rewards they get if they stay within the blockchain.
My Final Words
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