The 5 Best Coins In DeFi Crypto To Buy On Any Dips

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Last Updated May 25th 2022
6 Min Read

Here are the best DeFi coins to buy to ensure profitable returns over the long run. 

Decentralized finance (DeFi) is the next big thing in cryptocurrency and blockchain technology. The introduction of DeFi has opened a new level of financial innovation and has been a pivotal moment in the history of finance. As a result, the crypto market is swamped with potential DeFi coins that can make anyone a billionaire. Here are the best coins in DeFi crypto to buy on any dip.

  • The metaverse is one of the hottest investing topics, and Ethereum plays a major role in it.
  • Uniswap has been one of the shining stars of the crypto market, making it the best DeFi crypto to buy on any dips. 
  • Thanks to Fantom's rapidly growing ecosystem, FTM is one of the best cryptos in the market. 
  • Avalanche’s ecosystem is fundamentally strong, making it one of the best DeFi crypto to buy on any dips. 
  • Fantom is one of the fastest and most scalable platforms for decentralized applications, making FTM the best crypto to buy now. 

 

Ethereum (ETH)

Thanks to increasing institutional interest, Ethereum certainly tops the list of the best coins in DeFi crypto to buy on any dips. 

Ethereum is the decentralized, open-source technology that powers much of the crypto world including decentralized finance applications, metaverse, non-fungible tokens, and enterprise blockchain solutions. With all Web 3.0 development happening on the Ethereum blockchain ETH arguably has the most utility. 

One crucial factor that makes ETH one of the best DeFi cryptos to buy is its transition from a Proof-of-work (PoW) mining protocol to a Proof-of-Stake (PoS) model. The much-awaited update will make the blockchain faster and more energy-efficient and offer lower transaction fees for users.

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Crypto assets are a highly volatile unregulated investment product.

Uniswap (UNI)

Uniswap grew tremendously alongside the decentralized finance industry, making UNI the best DeFi crypto to buy on a dip. 

Uniswap is the largest decentralized exchange platform by trading volume that is highly popular in the DeFi space. Uniswap has significantly revamped how the crypto industry works by challenging traditional exchangers confining to DeFi protocols. Uniswap has addressed all the concerns of a digital trader with one-to-one trading using liquidity and smart contracts. 

Moreover, Uniswap was always consistent with its upgrades. Version 3 was relatively better than Version 2 as it introduced concentrated liquidity, lower crypto gas fees, up to 4,000 times capital efficiency, and liquidity providers. What renders Uniswap potential DeFi crypto to buy is that both the project and its native token UNI have plenty of room for growth in the future. 

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Crypto assets are a highly volatile unregulated investment product.

Binance Coin (BNB)

The future of Binance seems to hold lucrative possibilities, making BNB one of the best coins in DeFi to buy on a dip. 

Binance Coin is the utility token for the popular Binance cryptocurrency exchange. BNB’s popularity stems from its exchange platform, Binance Exchange, one of the world's largest, fastest-growing cryptocurrency exchanges and a highly secured platform. BNB is used to pay transaction fees on the Binance Smart Chain, an ecosystem with a decent number of projects in development.

Numerous factors make the Binance coin one of the best DeFi cryptos to buy, and the most significant one is that it holds 1 billion trading volume on a clock basis. Moreover, it can be traded for other digital assets giving BNB a unique advantage and increasing its potential as one of the 5 best coins to buy on a dip. 

Crypto assets are a highly volatile unregulated investment product.

Avalanche (AVAX)

Avalanche has quickly attracted projects to its network, particularly in the popular DeFi space. 

Avalanche is a smart contract-based blockchain network that focuses on transaction speed, low pricing, and environmental friendliness. Its smart contract functionality provides it with various uses, including building dApps, non-fungible tokens, and blockchain gaming, making it an ideal DeFi crypto investment during a market dip. 

Avalanche has a unique network structure with three blockchains, each handling different tasks instead of just one. Efficiency is optimized by dividing the work among multiple blockchains. The network can also process more than 4,500 transactions per second and finalize a transaction in less than two seconds. Avalanche introduces some amazing benefits for corporate and individual users. Businesses can effortlessly create new blockchains, and developers can construct a selection of blockchain services, tokens, and coins using AVAX

Moreover, Ava Labs, the company behind Avalanche, is consistently working with big-name companies across the finance and crypto industries, driving adoption and price. 

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Crypto assets are a highly volatile unregulated investment product.

Fantom (FTM)

Fantom is one of the best performing tokens in the market, making FTM a good DeFi crypto to buy on the dip.

Fantom is the DeFi blockchain solution that hosts a range of cross-chain bridges, yield optimizers, NFT platforms, lending, and borrowing protocols. The platform is known for its tremendous speed, thanks to its unique consensus mechanism known as Lachesis. It is a new consensus mechanism to facilitate smart contracts. Fantom’s Asynchronous Byzantine Fault Tolerance (aBFT) consensus protocol claims that it is faster and cheaper than older technologies while maintaining high-security standards. 

Fantom has made several moves that have garnered massive attention from investors and placed it on the list of best DeFi cryptos to buy on a dip. These include entering into DeFi and NFT-focused partnerships and upgrades to the Fantom ecosystem.

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Crypto assets are a highly volatile unregulated investment product.

The Bottomline 

There is an ever-increasing hype surrounding decentralized finance coins in the blockchain sphere today. DeFi cryptos have indeed found their way into investors' portfolios, helping them generate massive returns. Considering every factor, here are the 5 best coins in DeFi crypto to buy on any dip. 

Read More:

How To Buy Ethereum (ETH)

The Best 5 Ways To Buy Uniswap (UNI)

How To Buy Binance Coin (BNB)

The 5 Best Ways To Buy Avalanche (AVAX)

Top 10 DeFi Cryptocurrencies That Are Set To Explode

What Are The Best NFT Cryptos To Buy Now? Our 5 Top Picks

15 Most Promising Cryptocurrencies To Invest In

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