Cryptocurrencies, like many other investment options, are volatile by nature. As a result, it is common for traders to see prices of these currencies swing wild in a short period. For example, several best-performing digital assets saw their prices reach new all-time highs a few months ago before plummeting and experiencing a market-wide crash.
Sometimes, crypto market crashes are advantageous to traders and investors because they present an opportunity to buy digital assets at lower prices. If you have been looking to invest in the crypto market but are reluctant because of the sky-high prices, here are 5 strong uptrend cryptocurrencies to buy on the next dip:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Chainlink (LINK)
- Uniswap (UNI)
1. Bitcoin
Bitcoin is one of the most popular cryptocurrencies. As the first successful blockchain-based currency to hit the market back in 2009, it has been setting standards for all other crypto currencies. Investors have been on the search for the next Bitcoin. Although many altcoins have emerged recently, the dominance of BTC still continues.
Many businesses already accept Bitcoin as payment, making this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. Additionally, Tesla announced in February 2021 that it had invested $1.5 billion in it. Experts suggest buying Bitcoin during a dip as a sound investment strategy.
Check Out: Bitcoin (BTC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Ethereum
Ether (ETH) is the native cryptocurrency of the Ethereum network. Launched in 2015, Ethereum improved on the Bitcoin blockchain model and added the capability to code automated agreements called smart contracts.
The Ethereum blockchain network also introduced decentralized applications (dApps), which utilize the distributed nature of the network. Ethereum is also the basis on which the booming decentralized finance (DeFi) and NFT markets are built. Ether (ETH) is the fuel that powers the entire process, meaning it has numerous potential use cases. If you are looking to participate in the Ethereum ecosystem, buying ETH is a strong move.
Read Also: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Solana
Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. The network introduces various new and unique technologies to provide users with unmatched transaction speeds and enterprise-level security. Consequently, the network has seen considerable growth since its introduction in 2017.
Solana is one of the most advanced blockchains in operation currently. The developers behind this project succeeded in creating a network that could surpass current payment processors in terms of TPS and functionality. As such, you can expect to see more developers make the switch over to Solana as older blockchains continue to suffer scalability concerns.
Don't Miss: Solana (SOL) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Chainlink
Chainlink is the world’s first and most widely used oracle service. It forms the backbone of smart contracts, specifically the DeFi protocols, relying on real-world external data to perform their tasks. The platform primarily functions on the Ethereum network but is also designed to support other blockchains.
Since Chainlink was the first oracle system with a robust design, it is the preferred oracle provider for almost all projects. Thus, it is the most integrated service in the crypto space. Therefore, Chainlink's network effect cannot be overstated and has colossal implications.
Chainlink currently boasts a tally of 500+ projects and ventures (both inside and outside the native crypto industry). This means that investing in Chainlink now likely provides upside if we end up in a multi-chain future. Experts believe that buying LINK now could double your investment in the future.
Check Out: Chainlink (LINK) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Uniswap
Uniswap is an Ethereum-based decentralized exchange (DEX) for exchanging Ethereum tokens through liquidity pools.
Uniswap was built to tackle some of the pressing problems facing the market. Its decentralized nature helps in reducing the power and control accumulated by major exchanges such as Binance and Coinbase. Additionally, Uniswap provides new businesses access to international liquidity.
Uniswap lets users exchange Ethereum-based digital assets instantly by tapping into its smart contract liquidity pools. These liquidity pools are filled by other users, who earn the exchange fees for providing liquidity.
Uniswap fees must be paid with the UNI token, making it one of the hottest coins in the space. For all these reasons, buying UNI now is likely to generate massive returns in the future.
Read Also: Uniswap (UNI) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro – The Best Platform To Buy Cryptocurrencies
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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