The cryptocurrency market has been in crisis for the last week. Most coins have plummeted and the worst is yet to come. This correction may continue for several more months, and it may be tempting to sell your holdings. However, it makes sense to buy:
Most of the coins will sell strongly with huge discounts
The sale will be painful, but not for long
Cryptocurrency can be a great long-term investment if you buy the right coins
So if you are looking for decent coins to buy and hold even if the market continues to decline, we might have 3 options below that should be perfect.
At the beginning of 2022, the forecast for Ethereum (ETH) was very reliable. In fact, the most conservative estimates have shown that the coin could easily top the $10,000 mark before the end of the year. However, 2022 is 5 months away and ETH has even struggled to break the $4,000 mark.
The coin has fallen even further and could soon cross the $2,000 mark. While this doesn’t sound good, it also means that investors have the opportunity to buy ETH at a very discounted price. By the end of 2022, ETH could still hit $10,000.
Market headwinds can sometimes make it difficult for investors to spot important trends that could determine the future. There is one trend in the crypto industry that we are all looking for, and that is the metaverse. Although there are many projects around it, The Sandbox (SAND) is, frankly, very promising. Worth a look.
Fantom (FTM) has had a rough time this year. However, the coin has rebounded a bit, and apart from that, the fundamentals of this project are still very positive. FTM could realistically deliver 5x growth this year. You just need to be patient.