Experts have named cryptocurrency that look the most promising in the current market situation.
On July 15, the cost of bitcoin dropped to a two-week low of $ 31.5 thousand. During the week, the main cryptocurrency fell by 6%. Altcoin quotes also dropped.
Ethereum has dropped 17% over the past seven days. Over the same period, Cardano fell 12% and Binance Coin fell 4%. experts explained which digital coins to buy in the face of a declining crypto market.
A correction is a great time to buy some coins at a discount, says Sergey Zhdanov, CEO of EXMO crypto exchange. According to him, at the moment Cardano looks interesting , since the coin, although it was moving behind the market, but the media background was predominantly positive.
The growth of the cryptocurrency was insufficient due to the general dynamics of the market, Zhdanov said. He also recommended paying attention to crypto exchange tokens that were moving against the market.
Despite the correction of the crypto market, it is worth investing in assets that have the prospect of explosive growth, advises the head of the analytical department at AMarkets Artem Deev.
The analyst referred to such assets AMP , Basic Attention Token , Chiliz , Decentraland , Harmony , Holo and WAYF . According to the expert, these are inexpensive altcoins, which have already shown good dynamics since the beginning of the year, despite the general decline in the digital asset market.
“All of them have grown in the range of 100-700% since the beginning of the year, but they have the potential to further increase in value. Given the low initial price of coins, absolutely any investor is available as an investment, “Deev added.
At the moment, it makes sense to take a closer look at such tokens as Cosmos , advises Nikita Soshnikov, director of the cryptocurrency exchange service Alfacash.
He claims that Cosmos is an interesting blockchain with great potential for smart contract developers. Polkadot and Chainlink also sagged quite well, and this investment could pay off quickly enough, Soshnikov noted.
He also advises paying attention to IOHK . According to the expert, this coin will not bring much profitability in the coming months, but in the future, a year or two, it may “take off”.
Against the backdrop of the most undervalued kriptorynka correction tokens look Uniswap and Polkadot , says a senior analyst BestChange.ru Nikita Zuborev.
He recommends cutting short-term positions in DeFi tokens, as these coins have high risks due to the prolonged correction.
“However, in the long-term strategy, DeFi tokens remain one of the most promising,” Zuborev noted.
Coin Top Secret does not provide investment advice, the material is published for informational purposes only.
Cryptocurrency is a volatile asset that can lead to financial losses.
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