3 Crushed Cryptos To Buy Before They Recover

Last Updated August 15th 2022
5 Min Read

Buy these cryptos during their dip and generate profitable returns in the long run. 

Global market inflation has put the entire crypto market in dire straits. The slumping prices of several cryptos have sent investors into a state of frenzy. But history has proven that big dips and market crashes are nothing to fear. Rather, it is an opportunity for potential investors to buy the dip. Although several headline tokens are taking a beating price, they would likely re-emerge once the slump is over. 

The crypto winter is creating an opportunity for investors to diversify their portfolios, and that’s why we have listed here the top 3 crushed cryptos to buy before they recover. 

  • Bitcoin will always be a safe bet for a long-term investment. 
  • Nervos Network has a good use case, well-designed tokenomics, and a strong team, making CKB the best buy before its price recovers. 
  • Polygon’s move towards a carbon-negative approach in 2022 has positioned MATIC as a good buy before its prices recover from the slump. 

 

Bitcoin (BTC)

Rising adoption combined with market maturation will boost BTC’s value to new highs once the slump is over, boosting BTC’s investability quotient. 

It's a common fact that to get the greatest return on investment, you should buy low and sell high, which makes BTC the first on our list of 3 crushed cryptos to buy before it recovers. Bitcoin, the largest and the oldest crypto, has been slowly moving below the $24,000 pivot level over the past few days. The crypto market crash has sent BTC to nearly a 70% drop in value since its all-time high of $68,789.63 in November.

However, despite falling significantly, experts suggest that this is the right time to buy BTC before it recovers, as it could be worth up to $100,000 in two years. Volatility and price dips are nothing new for this crypto, and it has always bounced back in value with time.

Bitcoin global adoption is growing significantly higher, and the pace is just increasing over time. More adoption will indeed spur higher value, making this the ideal time to buy this crypto. Several institutional investors like Microsoft and Tesla have already taken this opportunity to stock up their Bitcoin reserves.

buy bitcoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Nervos Network (CKB)

Thanks to sustained developments on its network, there will be a surge in CKB’s price soon. 

The major purpose of the Nervos Network is to allow developers to build universal applications that operate across different blockchain ecosystems. It eliminates the fuzziness of dealing with multiple wallets and exchanges, allowing developers to select a cryptocurrency and interface, targeting any virtual machine (VM) and access the entire decentralized app (dApp) ecosystem. CKB, the native token of the Nervos blockchain, is used for resource management and incentivization. Holding one CKB allows users to store one-byte data in the Nevros Network.

But the token has been on a price slump over the past few months. Currently trading at $0.005294, it has marked a significant drop from its previous all-time high of $0.04412 in March. Nevertheless, despite being one of the crushed cryptos, CKB could recover, as price forecasts suggest that it could hit a range of $0.022 to $0.025 approximately in 2023.

Nevertheless, the release of Nervos Network’s Godwoken L2 solution has already given it an almost 35% gain. Another development that has brought added attention to this crypto was the recent launch of its NFT marketplace on the protocol’s mainnet. Apart from this, the network has already added several new decentralized finance platforms, including YokaiSwap and a cross-chain protocol called JioSwap, which would eventually drive the network’s adoption and CKB’s price to new levels.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

MATIC is the next addition to our list of the 3 crushed cryptos to buy before they recover, thanks to the rising adoption of the Polygon network. 

Polygon was initially developed to provide scalable solutions to Ethereum's problems. But the team underwent a rebranding in 2021 and changed its entire mission. Polygon now serves as a network that provides interconnection or acts as a bridge between blockchains by leveraging Ethereum’s security. Today, the network has positioned itself as a leading scaling solution for Ethereum with an array of products like Polygon PoS, Polygon Edge, and Polygon Avail.

MATIC, the native token of the Polygon network, was also affected by the recent crypto market crash. Ecosystem expansion, rising institutional support, and an increase in network usage boosted the price of MATIC in 2021, and the coin reached a new all-time high of $2.92. But the prices have slumped drastically today, with MATIC trading at $0.935837, as of now, amidst the turmoil.

However, this has presented an opportunity for investors to buy MATIC before it recovers. Polygon has embraced the Zero Knowledge Proofs, which has already cranked up the heat in its scalability race. Moreover, its fundraising of over $450 million from investors like Sequoia Capital India and SoftBank Vision Fund 2 in February indicates the project’s long-term growth potential.

These are a few reasons to buy MATIC now before it recovers to generate long-term profits. Price forecasts predict that if the Polygon network enters into more coalitions and developments, MATIC could end the year with an average price of $1.92 and a maximum price of around $2.19.

buy polygon

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline

These are the 3 crushed cryptos that you can buy before they recover in order to diversify your investment portfolio. These tokens have the potential to rise to new highs once the slump is over. However, the future of cryptocurrency is sure to include plenty more volatility, and investors should always be cautious before investing.

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