How To Make Sense What To Invest In Cryptocurrency During This Dip

In January 2022, China banned domestic trading of virtual currencies on exchanges come into final call . The Halt is real !

Recently, they have been working to enforce those regulations with a shutdown of some of the biggest crypto sites in China, this is one reason ,the market can see recent 3 major affecting factors holding back the crypto market , one reasons to start getting into this space right now and China’s obstacle is cleared — even as the crypto market is experiencing a crucial decline due to further Uncertainty on the worsening situation caused by Omicron virus and the U.S cryptonomy’s possible new stricter regulation

This has led to a dip in cryptocurrency prices which is likely not going to last long-term but this week in the first week of January 2022 is most crucial.In past New Years , the first week had witnessed much bull run or at least they had managed to escalate in high gear drive before ,so lets hope it will be joyous week for everybody in the new crypto drive

Then , there are a number of new directions that people can invest in crypto that have not been explored before. One is to invest in the mining hardware manufacturing industry as more and more people start mining cryptocurrencies for profit and success .Another is investing in blockchain-based companies, such as Solana or Ethereum, and many others..we need more actions here to boost the drive

During the last Dip in Mid 2021 ,the last time we experienced months of sideways action because many Chinese miners were forced to sell their cryptocurrencies due to the ban imposed by the country.

The crypto market has lost about 30% of its total value since its January high and is currently around $2.1 trillion. I have a blog post that gives advice on how to utilize opportunities like these, for instance by performing rational dip buys but that’s on Quora . We are hoping if things bounce back, you should be able to get a 2x trade on a major coin like ETH in about 1 month.

You just need to plan for the downside and have an exit strategy , but do treat this as causal read article, as the article is not meant as an financial or investment advice ( disclaimer )

Which cryptocurrency will be popular at the beginning of 2021

It probably makes more sense to the answer by breaking it down into the dominant areas of cryptos currently available.

Bitcoins that hope to be like currencies and stable coins.

Stablecoins are a thing that have been around for a while. You can get them by just holding on to them, but they also work in lending platforms. They give you about 19.5% APR for letting your coins be lent out, so if you plan on doing this, hold onto the coin!

The most rational cryptocurrencies will be Bitcoin (BTC) — Dogecoin (DOGE) — as a relatively new meme coin, with some support good stay . Ripple — if it manages to beat the SEC claims and it probably will do well again . Litecoin (LTC), and Bitcoin Cash(BCH) all are just as popular

As of happening now , PayPal is only supporting 4 cryptocurrencies — BTC, ETH, LTC, and BCH. Notably, ETH is also tradeable on PayPal but should be treated as a platform for cryptocurrency exchanges ,they are support worthy Web 3 possibilities and those are positive signs

Whenever you use the Ethereum network, it burns a little bit of ETH tokens. This makes it more deflationary than Bitcoin right now. But Ethereum’s main selling point is that it can host many different applications on its network.

These are three types of Decentralized Finance projects models , for instance the Anchor platform that will outperforms traditional banking. Likewise, there are also Mirror and Uniswap ,there are a couple of startups in the crypto space that also provide life insurance for a project if a hack happens and a company called an Indexcoop which allows you to buy whole indexes of coins and get leverage without the risk of liquidation.

Non-fungible tokens (NFTs) — which include art and utility tokens — can be used instead of cryptocurrency in various cases. Web 3.0 apps, certification of art pieces , calibration notes ,for example, require the use of NFTs before they can be utilized.- i.e brave browsers and Twitter-like apps — in combination with the blockchain allow users to control their identity online without relying on third parties for this service ( thus is crucial ,Art pieces or even branded watched can be tagged with NFTs. is a good example to retain its originality and they are priceless like those with a king Crown ..easily bid 200 K per piece

Ethereum is a good option because it’s an operating system. In other words, it could be executed endlessly in cycles. One advantage of Ethereum is its ability to run programs that can be decentralized, without being controlled by a single party or any operator. The upside of this type of blockchain technology is that they have the potential to replace various applications and systems used in industries.

The main competitors here by market cap (size) are:

1. Ethereum (ETH)

2. Binance Smart Chain (BNB)

3. Cardano (ADA)

4. Polkadot (DOT)

5. Solana (SOL)

6. Cherry

7. Terra (LUNA) -

8. Polygon (MATIC)

9. Internet Computer (ICP)

10. Avalanche (AVAX)

11. Algorand (ALGO)

Binance Smart Chain is a development of Ethereum. SOL and LUNA are really more narrowly focused on decentralized finance

They are the only 2 platforms that are both fast and cheap presently.

Ethereum is the oldest platform with the most applications and is the slowest and most expensive to use

My favorites are: Cherry , LUNA, ETH, SOL, BNB, MATIC, ADA i

Who knows what will happen? The future might have 3 winners, after all Non-Fungible Tokens (NFTs). I’ll be brief about the fast-moving stuff, though.

There is a lot of debate and uncertainty about where to store NFTs, like cryptopunks and Almace. My advice is to find a platform like RARI because they likely will handle lots of NFTs in the future or invest in an upcoming game that has great potential for them I expect BMON to succeed. It has a close connection to StarTerra, which is another game that will be launching on the LUNA Web 3.0 platform.

It is hard to keep up with new coins on the market. So I am going to give you a nutshell of it all. I left out meme coins and alternative ledger technologies, but this is a good start.

Right now, the top 50 coins are likely to continue to be favored in the next 3 months. And I believe Bitcoin will still be the leading coin by the end of this year too. But your possible returns vary quite a bit depending on how you are using your coins. Obviously, I don’t like cryptocurrencies, but we need to look for viable projects built around some of them which are substantial and support the paradigm. That’s where the best returns are to be found.