Business

Analyst indicates 6 cryptocurrencies he bought taking advantage of the drastic fall of bitcoin

Image: Kanchanara / Unsplash.com

Bitcoin, once again, has been experiencing price turmoil. The world’s best-known cryptocurrency has dropped to its lowest level this year, costing less than half what it was six months ago.

But the token was not the only one to be hit by the devaluation. Ethereum (ETH), the second most popular cryptocurrency, has dropped 13% since last week, Solana has lost 16%, and Terra has lost 25% of its value.

Even at this moment of intense variation in the price of digital assets, some economists see the situation as an investment opportunity. However, it is worth remembering that cryptocurrencies are a high risk investment and are not recommended for those who do not have market knowledge.

You are likely to also like:

Company offers free cryptocurrency course and still pays BRL 2,000

What does cryptocurrency mining mean?

6 Cryptocurrencies to Buy at Crypto Assets

Trader and analyst Jessica Doosan indicated, to the website Cointelegraph, 6 cryptocurrencies that promise a return in the digital asset market.

“Today, I believe we have a better opportunity to enter the market,” he declared.

XCAD Network (XCAD)

XCAD is a recent token in the cryptocurrency market, and it has dropped 20% in the last few days. According to the analyst, with the price falling, the asset is an opportunity to obtain returns ranging from 10% to 20%.

Thetan Arena (THG)

Thetan Arena is a digital asset linked to an NFT game of the same name. The currency is also devaluing and, according to Doosan, this could be an investment with a return of up to 25% in the short term.

Wilder World (WILD)

Wilder World is a platform that combines elements of cryptocurrencies, NFTs and the metaverse. Currently, the asset is down, being a bet for appreciation in the future.

Moonriver (MOVR)

Moonriver is a project focused on offering advanced blockchain capabilities, compatible with Ethereum. For crypto investors, the token is relatively stable and promises to appreciate over the years.

Energy Web Toke (EWT)

The Energy Web Token (EWT) is the operational token behind Energy Web Chain, a blockchain-based virtual machine designed to support and develop applications for the energy industry. According to the analyst, the asset should resume its bullish cycle soon.

DeRace (DERC)

DeRace is a token linked to the NFT game of the same name. The asset has dropped 14.40% in the last 24 hours and may return to value at the same margin.

Anyway, want to stay on top of everything that happens in the world of finance?

Then follow us on the YouTube channel and on our social networks such as Facebook, twitter, Instagram and Twitch. Thus, you will follow everything about digital banks, credit cards, loans, fintechs and matters related to the world of finance.

Image: Kanchanara / Unsplash.com

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button