Top Coins to Invest in After the Crypto Market Crash
The crypto market suffered a huge loss a few days back. However, the prices of coins have been plummeting for a while.
Most recently, the crypto market lost around $1 trillion as prices of all cryptocurrencies came rushing down.
As a result, investors are quite apprehensive about putting their money on any token right now. However, not everything is lost and many coins are bouncing back.
There are new opportunities to invest in potential cryptocurrencies that can perform well. So, here are the top coins to invest in after the crash of the crypto market.
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Polkadot (DOT)
Polkadot is now trading at $17.73, which is a great price for purchasing the tokens. The crypto coin is down in value, just like other coins in the market.
Polkadot is an innovative project and allows the cross-chain transfer of digital assets. Therefore, you may transfer tokens and other assets from one blockchain to another.
As a result, the project is attracting high funding from leading names in the industry. The coin has also increased in value by 14.7% in the last year.
Avalanche (AVAX)
Avalanche is one of the fastest smart contract platforms. It allows developers to build fast and secure decentralized finance apps.
The whole system runs without human intervention and works via smart contracts technology.
The native token of the platform, AVAX, may be a good choice for investors in 2022. It is currently trading at $63.01, with a drop of 4.1% in value in the past 24 hours.
However, the token grew by 462.3% in the last year. Additionally, AVAX is increasing in prices with each day, which shows a sign of recovery.
Solana (SOL)
Solana is one of the most popular blockchain projects. It attracts a lot of investments from leading businesses all around the world. The network also powers a range of decentralized financial apps that are growing daily.
SOL, the native token, fell by 67% in value recently. However, that also makes it a great option for long-term investment, as per crypto experts.
Best of all, the token has grown by less than 1% in the last 24 hours. It also has a record of 2,297% growth in value in the last 365 days.
It’s a great time to buy and hold your SOL tokens. You can sell them at a higher price in the future.
Terra (LUNA)
Terra is an excellent coin to invest in after the crypto market crash, as per The Motley Fool. It is a smart contracts platform and the third-largest in the world.
The platform has also attracted an investment of $16.2 billion.
Terra uses the LUNA coin for facilitating transactions. LUNA is currently selling at $48.31 and recovering every day from the dip in price.
Most importantly, LUNA has recorded a growth of 4,199% in the last year. Therefore, the prices can go up in the future and bring back more returns.
XRP (XRP)
XRP is a digital asset that facilitates payments across the world. The whole system works in a decentralized manner without the intervention of humans.
XRP is now valued at $0.59 and growing in value with each passing day. It also has an annual growth of 136.2%.
Best of all, Wallet Investor considers XRP to be a great long-term investment option. Additionally, the price can cross $1 in one year, generating enough returns.
Final Thoughts
The crash of the crypto market has brought in new investment opportunities. However, cryptocurrencies are volatile and prices can change at any moment. So, always study the market trends to invest wisely.
