3 Cryptos To Buy If You Are Feeling Greedy - Our Picks
Here’s a rundown of the three cryptos to buy if you are feeling greedy. Continue reading to find a detailed overview of each token.
Bitcoin - The king of cryptocurrencies is certainly a must-buy now.
Ethereum - The crypto plays a significant lead in the fastest-growing spaces of the digital economy.
Litecoin - One of the best crypto with growth potential to buy now for future returns.
A Closer Look AT The 3 Cryptos To Buy If You Are Feeling Greedy
2022 has been no less than a bloodbath for several cryptocurrencies. The crypto winter has sent the prices of high-profile tokens like Bitcoin and other altcoins tumbling down. But given the old investment rule, investors are trying to buy the dip in hopes that this marks a temporary downturn rather than a long-term bear market.
The principle of buying the dip is based on the assumption that price drops are temporary aberrations that correct themselves over time. Investors are now trying to get their best bet to secure a wealthy future. Let’s see how these three cryptos are the best buy if you are feeling greedy right now.
Bitcoin (BTC)
Whether Bitcoin is your go-to investment or you prefer other altcoins alternatives, one cannot deny the significance, staying power, market dominance, and return potential of Bitcoin. These are just a few reasons Bitcoin is referred to as “the King of Crypto.”
The crypto’s correlation with other asset classes makes it an attractive choice for portfolio diversification. Also, Bitcoin has a fixed supply that shields investors from dilution and eventually positions it as an attractive hedge against inflation.
However, BTC was indeed trapped in the recent crypto whirlwind and is trading more than 70% below its all-time high of $68,789.63, reached in November 2021. BTC investors may have rattled in 2022, but there are numerous reasons to be bullish about this token.
One major reason BTC continues to see attention within the broader downward trend is that every crash is immediately met with a bull run or large orders of Bitcoin, mainly from big wallet addresses, often institutional investors. Also, Wall Street banks are starting to expand their coverage of Bitcoin.
Therefore, the growing interest from investors and the high volume of transactions that BTC handles every day shows that it could be the crypto to buy if you are feeling greedy now to reap maximum profits in the future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Given its role in the growing decentralized finance (DeFi) and non-fungible tokens (NFTs) market, ETH is expected to grow even higher in the coming years. The crypto has attracted users for its growing utility value. Some of the notable projects that have chosen the Ethereum blockchain and ERC-20 include Maker, Shiba Inu, Chainlink, Decentraland, Basic Attention Token, and Sandbox. In addition, the crypto also runs some of the largest and most prominent NFT platforms.
The recent completion of its much-awaited update, the Merge, has successfully transitioned Ethereum’s Proof-of-Work to Proof-of-Stake, cutting energy usage to over 99%. The asset has already caught the likes of established companies like J.P.Morgan. The company has published a report on the crypto market’s future outlook and introduced Ethereum’s upgrades, DeFi, and NFTs, as increasingly relevant to financial services.
The report also added that the development of the technology would continue to grow with the scaling of Layer-1 and the introduction and growth of Layer 2. Ethereum’s Merge and Layer 2 introduction would boost transactions, along with reducing energy consumption.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Litecoin (LTC)
Often touted as the “silver” to Bitcoin’s gold, Litecoin has maintained its position in the market for a long time. LTC’s value has experienced major swings in its long lifespan. Litecoin was initially developed to resolve the scalability limitations of the Bitcoin blockchain. Therefore, the network provides faster transaction speeds, lower transaction rates, and eco-friendliness via energy conservation. A unique feature of Litecoin is that it can serve as a “test net" for innovations and improvements to be implemented into the Bitcoin blockchain.
Litecoin's robust, peer-to-peer payment system also plays an important role in the DeFi sphere. It is accepted as a form of payment in more places than many other altcoins since it processes transactions faster than Bitcoin. Users can seamlessly carry out financial transactions without the need for a bank, credit union, or other financial institution. As of now, Litecoin is accepted by over 3,183 merchants worldwide.
One major reason to buy LTC now to secure double returns in the future is the launch of its latest update. The Litecoin Foundation announced the initiation of its Mimblewimble Extension Block (MWEB) upgrade. The miners need to receive the code first and begin signaling to activate the MWEB upgrade. Mimblewimble Extension Block helps users or companies to secure their private information. It has successfully enhanced user fungibility and security in the network.
In addition to this, LTC crypto now has a virtual debit card, helping it gain more acceptance with more merchants. This will let people use Litecoin to buy, sell, and trade assets and transactions, thereby raising the value of LTC tokens.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrencies have transformed tremendously from being a niche digital asset to a highly lucrative investment asset, experiencing widespread adoption for a variety of reasons across verticals. But crypto investments can be exhilarating, at the same time, highly profitable. Therefore if you are feeling a bit greedy, then these are the top 3 cryptos to buy now to generate massive returns over the long run.
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