Buying the Dip: Top 10 Cryptos to buy now (2022)
Buy the dip & 10x your portfolio
The recession is here. And from the looks of it, it's here to stay. Experts are saying we might be stuck in these murky waters till early 2023. Instead of focusing on the negative, how about you make the best out of the situation?
Unknown to you, this is usually the season when a new crop of millionaires emerges. These are your average day kind of people who just capitalize on opportunities. Nothing more, nothing less!! And it all boils down to “Buying the dip”!!!
To put it in context; why buy a $69,000 BTC when you can buy it at $24,000 during the recession?
This is literally the best time for you to just go and Buy and Buy big!!! Because it doesn’t get better than this.
If you feel like you missed out on the top cryptos like BTC and ETH, I’ve compiled a list of “underdog cryptos” that are expected to have massive growth in the coming years.
And Kucoin (crypto exchange) being the “King of Altcoins”, would be a great platform for beginners.
- Solana- In case, you haven’t heard of Solana, well it’s the token giving Ethereum sleepless nights. Eth has always been the leader when it comes to creating dApps, but Solana’s dirty cheap transaction fees and faster transactions are proving otherwise.
Currently, Eth 1.0 can only handle 15transactions per second, while Solana does a whopping 50,000 transactions per second. Even with the incoming Eth 2.0 merge, Solana is expected to perform way better than Eth.
Solana has been successful in carving out a niche in the NFT space. Most developers find Solana’s low minting fees and lightning speed a better alternative to Ethereum.
The above factors have seen Solana take an upward trend among buyers. As of the writing of this article, Solana is selling for (SOL Price) $41.103. The token once reached an all-time high of $259, and it’s easy to tell this is one of its lows. And hence, Solana definitely is a top priority in your “buy now” crypto list.
2. Avalanche (Avax) - Avalanche is known as the fastest smart contracts platform in the Blockchain space. It has succeeded in providing a scalable solution with low transaction fees and faster transactions for Web 3.0 dApps. In short, Avalanche offers what Ethereum does but better. Eth consists of only one chain while Avalanche brings on board 3 chains, forming a bigger blockchain with each chain having its own functionality.
At its peak, Avalanche traded for $134.53, and as of the writing of this, it trades for $25.89.
3. Cardano (ADA) - Cardano stands out as a proof of stake blockchain platform that provides scalability, interoperability, and sustainability. It brings on a dynamic functionality to developing a secure, scalable, and robust platform. It is known for its problem-solving functionalities.
In comparison to Ethereum, Cardano operates on a proof of stake protocol unlike Ethereum's proof of work. Additionally, Cardano has a fixed amount of ADA (crypto token on Cardano blockchain) giving it a deflationary feature hence it's estimated to appreciate more than Ethereum.
ADA’s price as of the writing of this is $0.530256 with an all-time high of $3.09 in September 2021. Cardano has an incoming upgrade coming soon “Cardano Vasil”, that entails more scalability, advanced interoperability, and improved smart contracts. This token definitely has a bright future.
4. KCS- KCS, the native coin on the Kucoin Crypto exchange holds an exponential potential growth. KCS plays a major role in the Kucoin ecosystem giving holders a 20% discount when making transactions in Kucoin Crypto Exchange.
KCS stands out with its unique profit sharing system conducted on ERC20 token named Kucoin share(KCS). Users who own and hold KCS are eligible to receive 50% of the profit that the Kucoin Crypto Exchange makes. However, this perk is only for holders in Kucoin exchange.
KCS price currently trades at $10.33 as per the writing of this and had an all-time high of $28.79. This native coin has the capacity to 10x in the future, especially with the tremendous growth of Kucoin. I always like to think of it as the next BNB (Binance’s native coin).
5. Vechain(VET) - Vechain was established in 2015 and uses the Proof of Authority consensus mechanism. It has two tokens namely VET and VTHO. VET is primarily used to store and transfer value while VTHO acts as the gas used to process transactions. Users are able to stake VET tokens and are rewarded with VTHO.
This blockchain platform has excelled in the supplychain and logistics space securing partnerships with Walmart, BMW and LVMH. In 2018, Vechain progressed to be general purpose with the launch of mainnet and hence could integrate dApps and ICOs.
Unlike other supplychain blockchains like Waltonchain and Wabi that pretty much failed, Vechain has really stood the test of time and continues to bring immense value. Vechain(VET) price as of the writing of this trades at $ 0.0261386 with an all time high of $0.280991 in April 2021. Experts believe that this blockchain will break odds in growth.
6. Polygon (MATIC)- This Layer-2 Ethereum scaling solution was founded in 2017 and was originally named MATIC network and rebranded in 2021. Polygon uses Proof of stake consensus mechanism. It is a sidechain for Ethereum and can process around 7,000 TPS. This high speed is as a result of the centralization of the side chain itself.
In April 2022, Polygon (MATIC) launched Supernet chains giving developers the power to build projects in a customizable environment without any operational or hosting costs. The launch is believed to eventually have an impact in mass Web 3 adoption.
Polygon(MATIC) price as of the writing of this is $0.8087 with an all-time high of $2.92 in December, 2021. With the incoming Ethereum merge, Polygon, has the potential to improve its scaling solutions to be more environmental friendly.
7. Singularity DAO- This Defi platform has created a unique niche that essentially uses A.I to observe market trends with a motive to assist investors in managing their assets. It has played a key role in protecting investor’s crypto assets from crashes and losses.
Its SDAO token takes the responsibility of governing its dynasets. Dynasets represents a collection of tokens which are managed by Dynamic Asset Manager(DAM). A DAM includes both human and A.I traders.
Singularity DAO recently entered into a partnership with Hugin Expert in an effort to mathematically model its decision making formula and process. This factor is expected to scale the Defi platform in streamlining its performance. SDAO price as of the writing of this trades for $ 0.3851 with an all-time high of $6.62 in September, 2021.
8. Zilliqa(ZIL) - Zilliqa has placed itself as the fuel to power the next generation of dApps. The public blockchain platform created in 2017 is currently adopted in the Digital Advertising, Gaming and Finance spaces. Its utility token, ZIL is used in the Zilliqa ecosystem acting as gas to perform smart contracts, as incentive(rewards) for miners and also to pay network transaction costs.
Zilliqa stands out with its sharding(fracturing nodes into different groups) element that seeks to solve privacy, scalability and decentralization. Hence Zilliqa is able to perform at a speed of 2500 transactions per second, unlike BTC’s 7 TPS and Eth’s 15 TPS.
Zilliqa(ZIL) price at of the writing of this article trades for $ 0.03747 with an all time high of $0.2563 in May 2021. This crypto gem, is definitely one to watch out for.
9. Flow- The Flow blockchain was exclusively designed for NFTs by the team behind cryptokitties. It uses Proof of stake consensus model and was built from scratch with a new programming language (cadence) to perform smart contracts.
Flow is distinct with its almost zero error feature as a result of its smart contracts possibility of being deployed in a beta state by developers. Flow has enjoyed popularity after NFL, NBA and UFC launched their NFT on the its blockchain.
Flow price as of the writing of this is $ 2.24 with an all time high of $46.16 in April 2021. This blockchain has the potential to 5x or even 10x your investment.
10. Findora(FRA)- This Defi project is taking privacy to the moon. Findora is a public blockchain exclusively focusing on privacy preserving technology. It utilizes ZK-rollup for scalability and Discret (Domain Specific Language) for security. Its also known for its inter-operability feature via verifiable computation.
Findora aims at enabling diverse usecases in the Financial space by bringing on board confidentiality and transparency. Frontrunning and keeping data points confidential is a major problem in Decentralized platforms and a privacy-based technology comes in handy to solve this.
Findora(FRA) price as of the writing of this is $ 0.007235 with an all-time high of $0.100421 in April 2021. It is speculated that this project will have immense growth with decentralized platforms starting to adopt privacy tech.
Conclusion
For you to be successful in investing, you have to think like a real-world investor. This involves thinking long-term rather than chasing short-term gains. Hence, recession is the ultimate leverage to upgrade your portfolio exponentially. “Buy the dip” today, and 10x your future!!
Open your Kucoin account here>>
(Kucoin has some generous bonuses for new users in Futures and Margin sections for a limited period of time)
Disclaimer: This article is meant for educational purposes only and should not be construed as an investment advice.
Affiliate Disclosure: This blog post may contain affiliate links.
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