The cryptocurrency world is into another crash season, and we see every coin going down in value. It hasn’t been a good few days for crypto investors, and nobody can tell how long it will take. As a result, many experts continue to give speculation, and we have developers working tirelessly to bring the world back to its peak position.
We believe this crash is some sort of cleansing that will help remove some of the trashy, overpriced coins from the ecosystem so that only valuable ones remain. That is a good thing for the industry’s sustainability and its investors. It is like a way to help remove bad sportsbooks from the industry to ensure you find the right one to bet on Stanley Cup odds.
As a result, we think you should try looking at some interesting dips to buy. You don’t want to miss out on the profits when the bull season comes. In that case, here are five tips you should buy in this recent crash.
The biggest coin and the one most cryptocurrencies are pegged to; Bitcoin is one of the most stable coins in the crypto world. It started the whole journey, and it can improve the system.
Therefore, if you are serious about buying dips, you should go for Bitcoin. We’ve seen a major reduction in value compared to its all-time high.
We don’t think it can go below the $25,000 mark. As a result, Bitcoin is the one you should buy if you are serious about entering the dip. Without any doubt, you should ensure that you only put the money you can afford to lose because it might go down a bit before it starts picking up again.
Another stable coin you should consider buying during this dip is Ethereum. It is the biggest blockchain technology worldwide, and it powers many projects. Therefore, the $ETH token has a massive backing that will help you earn lots of money when buying the dip. Like Bitcoin, it has dropped massively compared to its all-time high.
In addition to that, the resistance mark is currently $1,500. Therefore, you should look at its value before you buy. That way, you can be ready for whatever comes, and if you’re lucky, you’ll buy at the right time when the market is about to pick up, and you’ll make enough profit from that one transaction.
Major competition to Ethereum is Solana, and it has been around for some time showing why it will give ETH a run for its money. It uses a different mechanism than Ethereum, and anyone that understands the Blockchain industry knows that the Proof of Stake principle works better than Ethereum’s proof of work.
Therefore, Solana has a promising future when it comes to blockchain. We think it is a solid project that you need to put your mind to, and whenever you want to buy, you should certainly consider the $SOL as part of your portfolio. Without a doubt, the Solana blockchain is a solid project that is not going anywhere.
Binance Coin ($BNB)
Binance is one of, if not the biggest crypto exchange platforms in the world. It is home to numerous exciting features that help crypto enthusiasts to get started with their journey.
In that case, you can enjoy all the goodies of the crypto world in one place. That way, you don’t have to worry about missing out on interesting updates.
In the Binance ecosystem, the Binance Coin is the principal token that every transaction is done using its dollar-pegged stable coin, BUSD. Therefore, you know that this cryptocurrency has a valued backing and would last for as long as Binance exists. One of the good things is that crypto exchanges don’t just vanish, and it certainly wouldn’t start with one of the biggest. Check out detailed Binance review article for more information about this exchange.
Similar to Solana and Ethereum, Cardano is a blockchain technology that powers many projects in the crypto world. We’ve seen it power different NFT projects, Metaverse features, and many other Web3-based businesses. It is an exciting technology still in its early stage, but it has grown magnificently.
It is competing with the giants in the industry, and we think it has a shot at staying in the top 3 spots. As a result, the ADA token that powers the technology is one good investment that you should consider. The reason is that there is enough value to rely on, and as a result, it will be around for a long time.
Cryptocurrencies might be experiencing a downturn, but the good thing is that they will always bounce back. Therefore, you need to buy the dip before the value increases. You don’t miss out on interesting technologies at a cheaper option.