Here are 5 coins that are prime for the taking:
The last couple of months have been an amazing bull run for many altcoins, with many new all-time highs(ATH) being set. A bull run, for those who are unfamiliar, is an upward trend in the price of a coin over an extended period of time. The flip side of that is when the market turns bearish; which is that the price action turns down and prices fall. These cycles play out over and over again in the market. Keen individuals, such as yourselves, look to buy during bearish periods and take profits near the top of bullish cycles. Recently the bullish cycle has slowed and many analysts are starting to wonder if the next bearish cycle has begun. Whether we have entered the next bear cycle or if we are just in a lull, there are some great buying opportunities happening right now that you can take advantage of.
Cardano (ADA) –
Founded in 2017, Cardano has been around for many years and is currently one of the top 10 cryptocurrencies by market cap. Cardano describes itself as a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change. ADA saw an all-time high of $3.10 in September of 2021 just ahead of a major upgrade, the Alonzo hard fork, going live. Months after the hard fork was successfully launched, Cardano had an unexpected downturn when eToro suddenly announced they would be delisting the coin. Since then Europe’s largest crypto exchange by volume, Bitstamp, has announced that they will soon welcome $ADA to their listing. At the time of this writing $ADA is trading at $1.48, which is lower than its 10-, 30-, and 60-day moving average, which indicates that it has not been this low in months.
Avalanche (AVAX) –
Launched by Ava Labs in 2020, AVAX is meant to be faster and cheaper to use than ETH, processing more transactions per second at a lower cost.
From the website, “Avalanche is an open, programmable smart contracts platform for decentralized applications. Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.” AVAX has been growing steadily over the last several months. Even with being relatively new to the crypto space, AVAX has seen amazing growth and partnered with exciting teams that should secure its continued future growth. Some of the amazing projects built on the Avalanche platform include Aave, Boring DAO, Ankr, and Chainlink. These are amazing projects that I am sure we will be seeing big growth from also. AVAX hit an all-time high recently after announcing a partnership with Deloitte to create a new disaster recovery platform. At the time of this writing$AVAX is trading at $107.03, which is down from its 7-day high of $145.00.
Chainlink (LINK) –
The Chainlink network was launched in June 2017 by the for-profit company SmartContract. Chainlink is designed to securely connect smart contracts with off-chain data and services. Chainlink decentralized oracle networks provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. Providing real-world and real-time information to decentralized apps is absolutely critical to the future of Defi and apps. At the time of this writing, $LINK is trading at $23.89, which is below its 10-, 30-, and 60-day moving averages, making this a great time to buy before it bounces back to new highs.
Hedera (HBAR) –
Hedera was initially launched in July of 2017. Hedera is a proof-of-stake public network, powered by hashgraph consensus. Hedera is leading the way for the future of public ledgers by combining high-throughput, low fees, and finality in seconds. Hedera’s most unique feature is its data structure for grouping transactions called a hashgraph, which claims to process more transactions more cheaply than existing blockchains. Hashgraph is a patented algorithm and has attracted the attention of many large companies for enterprise usage. In the last 24 hours, the Hedera network has processed 3.6 million transactions and has over 575,000 network users. At the time of this writing $HBAR is trading at $.3192, below its 10-, 30-, and 60-day moving average. Hedera’s future potential makes this price a great time to invest.
Internet Computer (ICP) –
The DFINITY Foundation is a nonprofit organization that launched the Internet Computer in October of 2016. The Internet Computer is a public blockchain that hosts smart contracts that run at web speed, can serve the web from cyberspace, run efficiently, and can scale within an environment that has unbounded capacity. ICP is working on and toward the future of Web 3.0 where “the internet” is no longer hosted on servers controlled by major corporations, but hosted by people all over the world. By aggregating the computing capacity of special node machines run by independent parties in independent data centers around the world into a single decentralized world computer, the Internet Computer creates a vast and unlimited virtual machine. ICP’s potential is astounding and it should see growth for years to come as we enter a new era of emerging technologies. $ICP is trading at $40.90 at the time of this writing, which is below its 10-, 30-, and 60-day moving average, making it a fantastic time to invest in this up-and-coming coin.
Please note, that none of this is financial advice. Make sure to do your own research before making any investing decisions.
About the Author:
Trevor Spears is an avid cryptocurrency enthusiast. Diving into all things crypto, defi, and dapp he has a love for new and emerging technologies. Trevor graduated from Richland College in 2006 with a degree in Finance. Located near Tulsa, Oklahoma in the US, Trevor has been blogging and freelance writing since 2020. In addition to his interest in new technology, Trevor is also passionate about fitness and nutrition, running his own coaching company since 2019.