3 cryptocurrencies to buy when the crash may be over
3 Cryptocurrencies to Buy When the Crash May Bitcoin and the entire cryptocurrency market have been in a gradual decline since reaching an all-time high of around $68,000 in November 2021. The cryptocurrency fell to a low of $33,000 on January 24 after that its value was cut in half in just over two months.
If such a drop is scary, investors who can keep their cool and are bullish on crypto for the long term are taking advantage of the current market weakness to stock up on crypto at discounted prices. In fact, multiple indicators suggest that the crypto bear market may be over and a strong recovery is on the way.
These include investors who have fully priced in the downside risks of the Federal Reserve and European Central Bank beginning to tighten monetary policy this year, or continuing to embrace cryptocurrencies despite the volatility.
So, in this article, we have highlighted three of the best cryptocurrencies to buy “at a bargain price” when the market is currently at very low levels and seems ready to recover.
Bitcoin: a 'safe bet' for the crypto market
3 Cryptocurrencies to Buy Right Before the Crash OverBitcoin is the oldest cryptocurrency on the market and by far the highest market cap cryptocurrency. While various technical issues abound, from delayed transactions to network power usage in multiple countries, Bitcoin is absolutely unavoidable in the portfolio of any mid-to-mid-tier cryptocurrency trader. Long-term.
Bitcoin accounts for a significant portion of cryptocurrency investments by institutional investors, whether from mega-investment funds or organizations that invest part of their cash in cryptocurrencies. Some governments even started investing in Bitcoin, and El Salvador even declared Bitcoin as its official currency. According to analysts, this trend is expected to continue in the future. So despite a promising rally, Bitcoin's current decline is still half of what it was two months ago, and this could be an unexpected opportunity to position or gain strength in the biggest cryptocurrency on the market, which in many ways is also the most "safe". ".
However, you must rely on good technical characteristics to determine the best time and price to buy Bitcoin, either by evaluating the market yourself or by relying on trading signals. In this regard, we would like to point out that throughout the investigation we found that the signs of the Alvexo Plus service available to Alvexo customers stood out in terms of seriousness and performance.
Decentraland: The Best Metaverse Cryptocurrency to Invest
Three cryptocurrencies to buy immediately after the crash
Since Facebook changed its name to Meta Platforms in October 2021, investors from around the world have flocked to investments directly or indirectly related to the Metaverse concept, reflecting its new primary goal of building a social Metaverse. In the cryptocurrency market, Decentraland is undoubtedly the token that best fits this criteria (MANA). Decentraland is a fully functional metaverse where people can purchase land and other property, engage in virtual reality activities, and socialize.
MANA, a medium of exchange in the virtual world of Decentraland, is surging in late 2021 as Bitcoin hits new highs following Facebook's announcement. Like many other cryptocurrencies, MANA subsequently underwent a severe correction. Decentraland crashed from a high of $5.9 on Nov 25, 2021 to a low of $1.70 on Jan 22, 2022. Since then, the cryptocurrency has largely rallied and is now challenging major resistance near $2, 5. Despite the recovery, MANA is still trading 57% lower than two months ago. Now could be a good time to buy as the cryptocurrency has shown clear signs of recovering while maintaining a strong uptrend.
Most Trusted "Ethereum Killer" Solana
As the drop looms, here are 3 cryptocurrencies to sell. It may be off this list, but more importantly, the Solana (SOL) cryptocurrency has several strengths that justify its 2,300% year-over-year growth. Many analysts believe that Solana is the strongest competitor to Ethereum as a platform for developing DeFi or NFT projects. The transaction speed and processing power of the Solana network are enough to dwarf Ether.
In a report published on January 10, 2022, Bank of America analysts noted Solana's strong bridge and said SOL could become "the visa of the crypto ecosystem," highlighting how crypto is superior to Ethereum in multiple ways. On the other hand, Solana has not been spared from the severity of the Bitcoin bear market. In fact, Solana is currently trading around $95, down 63% from its all-time high of $260 set in early November 2021.