Top 5 Coins To Buy In This Bearish Market
Bitcoin is in its downfall these days in March 2024 when it achieved its all time high people speculated that there is no going back for it. But crypto market is called volatile for a reason. Price of Bitcoin is going down from almost a month now indicating a bearish trend it has lost $10,000 in value from June 5, 2024 till today (3 july, 2024). According to some analysts this price drop will go on to the point of under 50k price range.
It is a bad news for Bitcoin holders but a blessing in disguise too. As it means that altcoins are also losing their values making it a perfect time for buying coins to hold for short and long terms. Once the Bitcoin started going up altcoins will follow suit. So if you are a newbie or you are looking for a big breakthrough in the crypto market it is a golden opportunity for you. The next problem is to find out coins to buy. So lets take a breather as this article is all about that. Today we will discuss 5 coin that can give you short and long term profits.
Top 5 Coins To Buy For High Profit
Ether.fi (ETHFI)
To start things off, it's the top coin for today. The ether.fi protocol is an Ethereum-based liquid restaking technology. Their eETH token is the first of Ethereum's native liquid restaking tokens. In order to mint eETH, stakers can visit ether.fi. By staking and restaking the ETH, ether.fi ensures that users can maximize their rewards. Minting eETH gives you access to a variety of benefits, including restaking awards, the opportunity to supply liquidity to Defi protocols, and rewards for staking Ethereum and ether.fi Loyalty Points.
Key Figures:
· Total Supply: 1 Billion
· Market Cap: $2.41
· Current Price: $275,856,292
· All-Time-High: $7.89
Get the updated information here.
Dogecoin (DOGE)
Dogecoin started as a joke. Its logo, which includes a Shiba Inu, is inspired by the widely-used "doge" Internet meme. In December 2013, Billy Markus, Jackson Palmer, and Oregon launched an open-source digital currency by forking it from Litecoin. The developers of Dogecoin hoped that being based on a dog meme, it would be a humorous cryptocurrency that would attract users outside of Bitcoin's core demographic. It made a lot of fans during this time, one of them being the CEO of Tesla and our favourite person on X (previously known as Twitter), Elon Musk. In a series of tweets, Elon Musk, CEO of Tesla, expressed his preference for Dogecoin.
Key Figures:
· Total Supply: 144.94 Billion
· Market Cap: $17.16B
· Current Price: $0.1184
· All-Time-High: $0.6354
Get the updated information here.
Aave (AAVE)
Aave is a protocol for a decentralized, non-custodial liquidity market where users can borrow or lend money to one another. Borrowers can borrow in either an overcollateralized (perpetually) or undercollateralized (one-block liquidity) method, while suppliers can earn passive income by providing market liquidity.
Aave Protocol has passed audits and security checks. Anyone can access the protocol's source code and use it to build their own client or API or even interact directly with Ethereum's smart contracts. Being open source allows anybody to create their own service or software that interacts with the protocol, which in turn improves your product. It is a very interesting coin as it has the potential of giving at least 10x profit in both short and long-term holdings.
Key Figures:
· Total Supply: 16 Million
· Market Cap: $1,297,448,922
· Current Price: $87.26
· All-Time-High: $0.6354
Get the updated information here.
Bluzelle
(BLZ)
Bluzelle is a creator economy-focused decntralized storage network. Bluzelle has a lot of things that make it unique. Some of these are that it is censorship-resistant, has unparalleled availability, and guarantees exceptional security. Regardless of whether you are a musician, publisher, artist, scientist, or developer, Bluzelle safeguards the intellectual property of all creators. In addition to storing data and files, Bluzelle also serves as an oracle. But only NFTs and DeFi can use it.
Neeraj Murarka and Pavel Bains started Bluzelle to fix the problem of broken data links in the DeFi and blockchain industry. Pavel and Neeraj have expertise in technology and have a track record of collaborating with influential companies around the world.
Key Figures:
· Total Supply: 500 Million
· Market Cap: $87,697,919
· Current Price: $0.2039
· All-Time-High: $0.6754
Get the updated information here.
ssv.network (SSV)
ssv.network is a decentralized system for staking that lets an Ethereum validator work from different places. One way to accomplish this is by using a "multi-operator node," which consists of four or more instances of non-trusting nodes, to split a validator key. Through a consensus method, the nodes are jointly assigned the responsibility of carrying out the validator's tasks. Basically, the protocol takes a validator key and turns it into a multisig structure that is controlled by a consensus layer.
The one-of-a-kind protocol makes nodes in the Ethereum network more resilient, responsive, and fault-tolerant. Distributing validator credentials among node instances implies a substantial improvement over current staking schemes, which are inadequate in terms of:
· Offline storage of validator keys
· "Active to active" redundancy
· Flexibility in customizing node instances
· Threshold signature scheme
You should keep an eye on this coin as its Price can go up to 60 Dollars.
Key Figures:
· Total Supply: 500 million
· Market Cap: $373,627,957
· Current Price: $37.37
· All-Time-High: $60.63
Get the updated information here.
Final Words
Making a list of merely a few dozen coins out of the hundreds of cryptocurrencies available on the market can be difficult. We wanted to highlight a range of cryptocurrency enterprises when compiling this list, from well-established ventures to more risky ventures with potentially huge returns. All these coins are selected by a team of experts but it not a financial advice. You should always do your own research when it comes to money decisions as it will save you from potential loss and you can take informed decisions. All this information like price and market cap is as per the date of publishing and can vary by the time you are reading this. Do share your thoughts about this. And at the end keep on trading and make money!
