Sunday, July 21, 2024

As cryptocurrency values plummet to near one-year lows, here are five altcoins to keep an eye on

Crypto prices have taken a hit as China and Russia ban them altogether. Not only that, the panic selling by the crypto enthusiasts of these countries has lowered the prices most significantly.

But even amidst the bear market, there are a few altcoins that show signs of growth. Take a closer look at coins like FTM, MATIC, FXS, CRV, and DOT. And you will see that the last few days have been great for buyers and investors.

The crypto fear and greed index is right now at the “Extreme Greed” mark but fears not. This makes it the perfect time to buy them, especially for long-term investors. Many experts have suggested that a crypto winter has come but that does not mean you should not buy the coin. These 5 coins have shown promise over the years and are your best bet when the crypto winter ends.

For example, MATIC or Polygon is down by more than 50% after hitting an all-time high of $2.92 in End December. This means that even if you recover slowly you have a great chance of making money. Its compatibility with ETH makes it a coin with fast transactions and is viable on projects like Aavegotchi.

Each of the coins that have been mentioned hit a high point but are well on their path to recovery. Even if they do not hit new all-time highs you will still get great returns on all these coins. If you have been planning to expand your portfolio and add some crypto to it these 5 are your best bet right now.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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