Why It’s The Best Time To Buy Cryptocurrencies

During each downturn, cryptos tend to increase in values. 

Last Updated March 11th 2022
3 Min Read

The blockchain industry and cryptocurrencies have been growing consistently over the past few years. Today, the cryptocurrency market is experiencing a downturn, and there has been a major dip in the price of several major tokens. But, indeed, crises have always opened doors for opportunities to secure good returns, especially for long-term investors. Now let us see why this is the best time to buy cryptocurrencies for the long run. 

Market Dip - An Opportunity To Secure Profitable Returns 

The current crypto market downturn could be the best opportunity to buy your favorite crypto. 

After a prolific rally in 2021, major cryptocurrencies like Bitcoin and Ethereum had experienced a rough start to 2022. BTC slumped down below $40,000 per coin for the first time since September, and ETH plunged below $3000. But volatility has been a given factor for such high market cap cryptocurrencies. History has proven that digital assets like ETH and BTC will rise significantly higher after plunging to an all-time low level. 

Therefore, some of the professional investors in the crypto sphere are considering a buying opportunity in these risky digital assets. Tyrone Ross, CEO of Onramp Invest, commented that dips often give a chance for people interested in investing in cryptocurrencies to review their financial plans and buy the volatile asset class. This could be the best time to buy cryptocurrencies at affordable prices and generate profitable returns in the future. 

The Rising Adoption Of Cryptocurrencies

With increasing adoption, the value of cryptocurrencies will eventually rise, making this the right time to buy. 

With time the use of cryptocurrencies started gaining momentum worldwide. All the while, people’s interest in digital currencies has skyrocketed. Thanks to social media and long-standing investors like Elon Musk, who have voiced their support and addressed the potential of cryptocurrencies. 

Moreover, mainstream companies across verticals have also started adopting cryptocurrencies as their mode of payment. For instance, Fintech companies like PayPal and Square are betting on crypto by allowing users to buy on their platforms. While Tesla holds billions in crypto assets. Therefore, if you are planning to begin your investment journey, this could be the best time to buy cryptocurrencies.

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

The Massive Potential Of Cryptocurrencies

The rising potential of digital assets across verticals is one key reason to invest in cryptocurrencies now. 

Apart from a potential investment opportunity, the introduction of blockchain technology has notably disrupted the traditional financial system for good and addressed several crucial problems. Moreover, blockchain technology also plays a significant role in the gaming industry. Tokens like Enjin coin (ENJ) provide a flexible and free platform to create, integrate and scale tokenized gaming assets. Digital currencies have thus positioned themselves in this industry and will experience a great boom in the coming years as well, which is why this is the best time to invest in cryptos. 

Why Invest In Cryptocurrencies Now?

Thanks to its rapid growth potential, investing in cryptocurrencies now could help you generate massive returns over the long run. 

Globally, there are around 120 million investors in cryptocurrencies in a world with a population of 7.8 billion. Several countries are planning to accept BTC as a legal tender following El Salvador. Also with technological advancements in protocols, we have highly sustainable forms of investments like Cardano (ADA). As more and more institutional investors start embracing cryptocurrencies and their potential, more capital will flow into the market. Eventually, this would open up more opportunities for investors to secure a wealthy fortune by investing in cryptocurrencies. 

The Bottomline 

Digital currencies are indeed a valuable asset class. Their rising potential is one key reason why this is the best time to buy cryptocurrencies, especially when the market is down. But experts always stress the importance of having a secure personal financial situation and a clear investment plan before rushing and investing in any cryptocurrencies. 

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

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