These 3 killer cryptos are the best option for long-term upside despite near-term downside in the market.
The emergence of blockchain assured crypto investors privacy and confidentiality and allowed them to generate massive returns. Timing the crypto market would be difficult to attempt since several factors affect the price of a coin. After the prolonged crypto winter at the beginning of 2022, September looked like it was off to a good start but saw a sharp reversal following the recent consumer price index numbers. Moreover, several economic challenges continue to throttle both the stock and crypto market.
However, this is the best opportunity for investors to pick up the top killer crypto to beat the September market slump.
- The September market slump is the right time to buy BTC as it is trading at a relatively low price and would pump up with increased adoption.
- Ethereum 2.0 update aims to address all the pain points of the network, boosting its adoption rate.
- The significant growth in the world of DeFi and NFTs would increase Solana’s future market share potential.
Bitcoin (BTC)
The oldest yet the best cryptocurrency, Bitcoin is the first killer crypto to put on your list.
Bitcoin still reins the crypto sector as the most popular and lucrative digital asset among investors, thanks to its strong fundamentals and increasing adoption. Its success has paved the path for the emergence of numerous other digital assets. It boasts the highest liquidity value compared to any other cryptocurrency in the market.
The price of BTC has shown a degree of volatility to date, falling in value to lesser or greater extents. The price history could give investors confidence in the full recovery after the recent market slump, considering that In 2018, BTC plunged significantly before hitting high records in 2020 and 2021. Although it is trading way down from its 2021 all-time high of $68,789.63, investors still believe in the potential of this killer crypto.
Additionally, numerous crypto-focused ETFs are Bitcoin-related or hold BTC in a relatively high proposition to overall assets. Major companies like Microsoft, AT&T, Starbucks, PayPal, and Amazon have already accepted Bitcoin. Goldman Sachs also announced that it would provide high-net-worth clients access to BTC. As more institutional investors get on board with Bitcoin for capital gains, the price and value of the coin will rise to new highs in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum has considerable potential as a long-term investment option for investors.
Ethereum has emerged as a major resource for several advanced features like NFTs, smart contracts, dApps, etc. For example, the crypto’s programmable smart contracts are used by several DeFi developers to create various applications like exchanges, lending platforms, and NFTs. This increased utility of Ethereum was one of the key reasons ETH is a killer crypto to pick now.
Since it’s trading at a relatively low price of $1,293.07 now, investors have a chance to pick up this killer crypto to beat the September market slump. Yet another reason to hold on to ETH now is the Ethereum Merge. The move from the current slow and energy-intensive Proof-of-Work method to the quicker and energy-efficient Proof-of-Stake mechanism will help Ethereum enhance its network capabilities.
During an Ethereum Community Conference in France this July, Ethereum co-founder Vitalik Buterin announced during that Ethereum Community Conference in France this July that Ethereum is just 40% on its way to reaching its full potential. He stated that there are three major upgrades on the horizon named “The Surge,” “The Verge”, “The Purge,” and “The Splurge.” All these updates are a major part of a broader vision for the Ethereum network to ensure that it is capable of supporting more users and applications in the near future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Thanks to the rapidly growing Solana ecosystem, SOL is the top killer crypto to buy now.
Solana is one of the most effective, fast, secure, censorship-resistant blockchains that offers an open infrastructure required for global adoption. It has an entirely new consensus mechanism known as the pure Proof-of-Stake blockchain that is capable of processing over 65,000 transactions per second with near-zero fees. Moreover, even after Ethereum completes its highly-anticipated merge, Solana will have a superior position in the crypto sphere. A significant part of its scalability is the ease of use and lower fees for the end-user.
SOL is one of the killer cryptos picks to beat the September market slump since it has an unbeatable value proposition, a rapidly growing ecosystem, an increasing user base, developers, brand advocates, and tech entrepreneurs. Adding to this strong fundamentality, Solana’s launch of an in-real-life (IRL) retail store experience, the Solana Spaces, in the center of New York City has also bolstered the crypto's popularity and value.
Solana’s growth and technology combine well together, boosting the potential for the cryptocurrency to grow quickly and efficiently. The crypto also has marked its position in the booming NFT marketplace and Solana NFTs have been a hot topic of conversation. The price of SOL rose significantly with the news of listing by the most popular NFT, OpenSea.
The project also has strategic partnerships and alliances with numerous projects that have pushed the scalability of the Solana network.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrency investing has the potential to produce incredible returns, but at the same time, it is an extremely risky sector. Adding top cryptocurrencies to your portfolio when prices drop during a market crash is a sound investment strategy. Those investors interested in diversifying their cryptocurrency portfolio should take a serious look at these 3 killer cryptos picks to beat the September market slump.
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