Crypto Crash – Which Coins to Buy and Sell?


Multiple factors have contributed to the widespread crypto market crash this week – rising inflation, piling recession fears, global geopolitical tensions, as well as unexpected dips in trusted stablecoins like TerraUSD.

The market witnessed rapid sell-offs, with over $200 billion erased from the market in a single day. Valuable cryptocurrencies like Bitcoin and Ethereum have plummeted to their lowest levels in 12-16 months, worsening investor sentiment.

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Experienced investors and experts, however, suggest that the dip could act as the right opportunity to acquire certain cryptos and diversify portfolios while letting go of others. The decision depends on previous trends, forecasted market predictions, as well as the investor’s appetite for risk.

It would be a good idea to sell cryptos that are not in the red, and buy those that have the potential to display hard bounce despite the dip.

Which Coins to Buy during the Crypto Crash?

BTC, RGT, and MPL have shown the biggest plunge in the last 24-hour period, in what some are calling a crypto crash. It would be wise to buy these assets with massive growth potential in the near future, and leverage the profits when they rise.

1. Bitcoin (BTC)

On Thursday, the price of Bitcoin plummeted below $26,000 for the first time in almost 16 months. Given the cryptocurrency’s history of volatility, experts believe that current spike does not guarantee a long-term reversal. Bitcoin’s price is equally likely to fall as it is to rise again.

Bullish experts are re-evaluating the crypto business as a whole, as huge corporations such as Nike and other big brands explore ways to monetise their products in the digital metaverse.

If history is any indication, the current Bitcoin fall, or crash, as some refer to it, could rebound like it did last year, making the current drop an attractive entry moment for investors considering Bitcoin as part of their portfolio.

Bitcoin Falls Below $26k

Being the first-ever cryptocurrency to have appeared on the market, Bitcoin is not just one of the most valuable digital assets to own, but also boasts of a global community of investors. Now would be a great time to buy Bitcoin lest it should reach a new high anytime soon, as is customary with its volatile swings.

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2. Rari Governance Token (RGT)

Rari is a decentralized finance (DeFi) platform for lending, borrowing, and farming bitcoin assets. The Ethereum token RGT powers Rari Capital, a decentralized lending and borrowing marketplace. The Rari Governance Token is intended to manage protocols and save money on fees.

The automatic non-custodial fund, which is built on the Ethereum blockchain, is the main selling point of the DeFi app. By depending on the platform’s underlying smart contracts, users can entrust cryptocurrency to it.

The machine then searches DeFi applications for the highest-yielding opportunities. Both cryptocurrencies and stablecoins are used to automatically rebalance portfolios.

Buy RGT today

RGT has emerged as the worst crypto performer, however, over the last 24 hours. Investor sentiments are not particularly in favor of the token, and considering its history of attacks, it might be best to sell the token for now.

RGT is currently available at a price of $4.93 only, with a 24-hour trading volume of $83,532. The market capitalization of the token is at $61 million.

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3. Maple (MPL)

Maple is a decentralised market for corporate credit. The platform provides borrowers with transparent and efficient on-chain finance, and a sustainable income source for liquidity providers by lending to varied pools of crypto’s premium institutions.

Pool Delegates, who oversee these pools, conduct due diligence and negotiate agreements with Borrowers.

Where to Buy Maple

The network, according to its website, has originated loans totaling over 1.2 billion USD Coins. Lenders have received roughly 24.4 million USDC in interest from such loans.

In the current market climate, MPL is priced far below other cryptocurrencies, but it sure to rise up due to its promising concept and accomplishments so far, making it an ideal coin to buy during the crypto crash.

MPL is currently priced at $19.26, with a market cap of $85 million and a 24-hour trading volume of $3 million.

Buy MPL on Coinbase

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Which Coins to Sell during the Crypto Crash?

Despite this week’s market plunge, CEL, FTM, and GALA have bounced the hardest in the last 24 hours, making them ideal coins to sell despite this week’s crypto crash for good gains.

Related:  Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend This Area?

1. Celsius Network (CEL)

The bitcoin lending platform Celsius Network had stopped withdrawals for its 1.7 million customers due to “extreme market conditions,” sparking an industry-wide selloff. Celsius made the decision to improve its ability to meet its withdrawal obligations over time.

CEL is currently the biggest crypto gainer in the previous 24 hours, with the most significant bounce.

Celsius Network, which launched in June 2018, offers services like loans and wallet-style payments, as well as prizes for depositing bitcoin. When utilised as a payment currency, Celsius Network’s native token, CEL, serves a variety of internal purposes, including increasing user payouts.

Where to buy Celsius Network

Celsius is attempting to outsmart banks by providing financial services on conditions that traditional financial institutions no longer provide, and it may be the finest coin to invest in.

The current Celsius price is $0.316867, with a 24-hour trading volume of $35 million. The market capitalization is at $75 million. With a maximum supply of 695 million CEL coins, there are 238 million CEL coins in circulation.

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2. Kyber Network (KNC)

Kyber Network is a liquidity protocol hub that combines liquidity from several sources to provide secure and instant transactions on any decentralised application (DApp).

Kyber Network’s major purpose is to provide easy access to liquidity pools that offer the best prices to DeFi DApps, decentralised exchanges (DEXs), and other users.

Kyber aims to address the DeFi industry’s liquidity problem by allowing developers to create products and services without having to worry about liquidity.

Where to Buy Kyber Network

The Kyber Network Crystal (KNC) token is a utility token that connects Kyber’s ecosystem’s various stakeholders. Stake your KNC tokens in the KyberDAO to help administer the platform and vote on critical proposals, while collecting ETH staking rewards from trading fees.

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3. Fantom (FTM)

Fantom is a smart contract platform for decentralised finance (DeFi) that employs its own proprietary consensus algorithm to provide decentralised finance (DeFi) services to developers.

Fantom aims to solve problems associated with smart-contract systems, such as transaction speed, which the developers claim to have reduced to under two seconds using their own token FTM.

The open-source decentralised smart contract platform for dApps and digital assets, which is an alternative to Ethereum, intends to address the limitations of previous generation blockchains by balancing three factors: scalability, security, and decentralisation.

Where to buy Fantom

The current Fantom price is $0.254175, with a 24-hour trading volume of $475 million. The current market capitalisation of the company is $646 million. With a maximum supply of 3.175 billion FTM coins, there are 2.5 billion FTM coins in circulation.

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What to Keep in Mind during Crypto Crash Trading?

Both buying or selling the dip strategies assume that crypto price dips are only temporary and will eventually correct. While some coins will bring profits later when prices rebound, some will not rise much beyond their price decline or will be slow to grow.

Temporary dips have traditionally helped crypto investors, according to some analysts, and are suitable entry periods for anyone trying to develop a substantial cryptocurrency portfolio.

Such significant dips, on the other hand, suggest that cryptocurrencies are volatile and speculative assets, and you should not let price changes affect your investment strategy.
Buying the crypto dip comes down to your risk appetite, so make sure you have first taken care of all your financial backups, including retirement accounts and emergency funds.

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