Topic: Tell us about the best altcoin in the current situation. - page 7. (Read 995 times)

If you have plans of going long term, then there are many choices you can make. One of the altcoins that is really good which we all know is ethereum, and now that the Ethereum 2.0 version is about to be released, I believe that it is really going to be a huge boost on the price of Ethereum in the future. So, if you have plans of investing in the alt coins market, then this would be one choice you will have to consider. And also being the smart chain gives ETHan edge over the others.

The next coin to buy would be Cardano,there is no doubt on this one that it would be good. it has been a huge trend since last year, and I believe that it is also going to continue. Another one would be Solana, and also Avalanche. Having Polygon would also be good.

Are you looking for an altcoin for day trading in a situation like this, if so then I think the best altcoins to trade right now are FTM and AVAX because if we look during the downturn, these two coins didn't lose much of their price and both coins are also still able to raise prices quickly when there is a decline.

what do you mean by blockchain coming up with a low cap, does it have to do with fees for gas or blockchain with a large community?
today no one is able to pump, market conditions are experiencing great turmoil, which forced many coins to not move, in fact almost all existing coins have difficulty getting out of the current correction, then how is the relationship about what I asked.

This dropped price really makes most people panic and also feel bad about the dropped portfolio. I myself don't think to buy some new altcoins because it may be also very risky. I have set some fund management to prefer to buy BTC by average. I don't know if this will give me the maximum profits or return But as long as what I buy is the coins that have strong fundamentals, I believe that someday the coins will be back again to the top. again, be patient.

This is now also very happening. But we must be also very careful to choose the right NFT. So far, there are so many NFT projects on several platforms that are offered. As you said, they are also high risk.

If you are into high risk, high return types of investment, you can choose upcoming NFT projects (preferably P2E) and Metaverse tokens. You can search in different blockchains like BSC, Solana, Matic, and even Ethereum if you don't mind the transaction fees. Just don't expose your money too long because the current market situation is not that positive especially for new alts.

I always go for the upcoming blockchains with low cap. Buying coins like algorand, thindercore is always handy and it does a world of good since they really pump well. Throw in some good meme coins and you are good to go

Don't put all your eggs in one basket, a common piece of advice to most investors that could be applied to you.
If I were in your shoes, just give a large allocation to Bitcoin as your investment because everything was followed by the Bitcoin price movement, not the altcoins.  It's hard to determine which altcoins that has potential which is most of them aren't good on holding for the short term.

Top 10 altcoins from the CMC might be a good pick but beyond that, I don't see a potential yet it seems it's a risky part.
Give a full support to Bitcoin and you didn't need to choose which altcoins give a good return.

Maybe do your own research? People over here will only shill for coins that they have invested in. Make a list of coins that you are interested in. Learn about them and pick few coins that you think have the most potential to grow. The dip is the perfect time to buy crypto currencies, but don't put all your investment in altcoins. Better to invest more than half of your coins in bitcoin and ethereum. They are a safe bet long term investment. Have a look at SOL, ADA, DOT and AVAX.

Yeah let's wait for the market to stable first then you can choose your favorite altcoins, so right now you have time to do some research, to gather more money to increase your buy power, or even take some holiday if you're so busy watching the market. We should take this one time opportunity to buy the dip while it lasts for some time.

I guess its more safe if we focus on what's already on top of altcoins and that is ethereum. Although there are lot of chances that another altcoins will do better and ends up with a high price compared to ethereum, but that will still be too hard to predict this time as we are still in the process of accumulating coins while they are in dips. But if the market recovers and becomes stable, that's the time that we can choose those coins that are doing great compared to those who never made a price increase from the start.

With the present market scenario we don't know which coin is gonna make a forward push. Each and every altcoin is tied to bitcoin. The market movements of bitcoin gets reflected over the altcoins. As of now the scenario doesn't looks to be fair for different reason. The latest being the Kazakhstan power issues that could stop the mining process. It holds the world's second largest mining contribution.

The Kazakhstan government to regulate and take away the unregistered mining, have taken some steps. This could affect the network, so for now it is good to hold what is available and buy top altcoins, good trading volume altcoins for long term profiting. Never look for immediate return for now.

If you really want a good altcoin particularly for this situation look no further than GNS.
GNS is the utility token behind gTrade, the decentralized leverage platform of the Gains Network.

People use the platform primarily to leverage trade crypto (you can also trade forex)
The trading is synthetic as in there is no liquidity on the gTrade platform however you open a long on BTC say $1000 at 5x leverage.
Then the smart contract just queries the price and sends your collateral (in DAI) to the vault.
Once you close your trade 10% higher the smart contracts calculates that it owes you $1500 and give you 1500 DAI back (minus fees).
If the total sum of traders lose more than they gain the vault becomes fuller and fuller and at a certain point uses the excess DAI to buyback GNS and burn it.
If the total sum of traders gain more than they lose the vault diminishes and at a certain point GNS gets minted to sell for DAI and replenish the vault.

Overall, leverage traders lose more than they gain and this is especially true in current market conditions.
Over the past month 1.42% of all tokens in existence have been burnt, which gives it a 17% deflation rate (see https://gainsnetwork.io/pools/)
This buyback pressure with funds of losing traders have kept the token afloat and at the time of writing GNS is up 37% YTD compared to -21% for BTC and -34% for ETH.

GNS is really very innovative. This architecture can allow for forex trading, stock trading, commodities trading just as easily as crypto trading and it can provide this on chain from your own wallet whilst you control the keys to all your funds.
No worries about withdrawals, no worries about KYC, scamwick proof since the exchange just queries an aggregate price of 7 exchanges, no borrowing fees get charged because you dont borrow anything, there is no price impact because there are no books, it's fully synthetic, quite low trading fees at just 0..06%... it's pretty crazy if you ask me.

Now it only has 100M Mcap but I can see this become one of the bigger projects of the future.

I've sold all altcoins since October/November last year and this is the best thing I've done since I knew about crypto, now the market is way down it's better to wait for some time because it's uncertain where we going, I believe recover will come later but now balancing need to take place

I never bought any altcoins this year yet, but some of my colleagues are looking to buy some BNBs along with their NFTs. Maybe give that a research if it would be worth in your end.
Just take my advice with a pinch of salt as what I stated previously that I never bought these coins yet this year.

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If you're unsure, Bitcoin's waiting around the corner as always.

Terra Luna and Polkadot? The matters today, tomorrow and in future so even if you buying now and price dips big later you will have confidence holding these altcoins for a long time till market takes another good turn

If for long-term investments, I guess bnb and eth are still favorites to invest.
A vibrant community and continued development, I am still optimistic that the coin in the future will reach a fantastic price.

Its hard to tell on this kind of situation mate wherein despite market seems not yet ready bump. Actually there are some altcoins that making green already at this moment. But in my views when it comes alts especially through binance they're still not showing a good structure to be honest, i mean where to buy because they are still from the dip and not yet showing a good trend. Probably much better to wait until the market become fully recovered because for sure there's no worries when it comes buying at the dip.

CMC 100 coin recommendation list is too general because the position from top 30 to 100 will always change even among them there are new coins which will enter the list of 100 coins temporarily due to bullish moment but will then leave the list after negative sentiment in bear market, I would suggest 20 top coins include Ftm, bnb and matic.

Any altcoins look the best right now and this caused by the dump happened with the whole of market and it's not happening with only one or two altcoins. That's why as long as you try to buy the legit coin and that will make you able to short the market to get profit. The chance to buy at the dip almost passed again. The maximum benefit can be achieved when you are all in the legit coins. So many legit coins available in the market and you can also try to buy various coins like matic, fantom or even near protocol. Im pretty sure that this will give you decent profit.
If you wanna get maximum profit and your entry price must be on the bottom price or you will never see that again the chance to make decent profit from the market.

Based on weekly data, bnb coin has become a high return after the market reached lower than $35k, even though the coin list is bloody but it is not recommended to choose new coins and other new coin memes apart from the top 10 coin list, to get profit just apply the scalping method with forecast the potential for the market to recover for short term gains.