There are only 2 ways to get rich in crypto. Either you get in early with gems or you play smart and buy the market dump. But the question is what should you buy during the market dump? It cannot be Bitcoin and Ethereum always. Let’s be honest who has that kind of money lying around?
So me and my team went bargain hunting and decided to buy 2 altcoins if the market goes a leg further down. You must have them on your radar.
Coin 1: Chainge
Our first opportunity for the day is Chainge Finance. Chainge Finance is a DeFi app that is growing rapidly in three key areas:
- DEX aggregation: Chainge aggregates liquidity from multiple DEXs to provide users with the best possible prices and trade routes.
- Cross-chain transactions: Chainge allows users to swap tokens across different blockchains, making it easy to access liquidity from a wider range of markets.
- Mobile-friendly: Chainge is available on both iOS and Android devices, making it easy for users to trade on the go.
In order to find the best rates and trade routes for the two coins you want to swap, a DEX aggregator searches DEXs across all cryptocurrencies.
You won’t even be able to tell which protocol you traded on when this eventually becomes the standard. But for the time being, we employ DEX aggregators, which offer excellent prices and high liquidity. We frequently discuss cross-chain and mobile-friendly apps here, so I won’t mention them again.
From its bear market low of 3 cents to its current price of 7.5 cents, Chainge’s token, CHNG, has increased. It has a market cap of $31.7 million. At $31 million, it’s a real bargain to get a main industry aggregator and it’s #43 in TVL in all DeFi. Uniswap conversely, is valued at $4 billion or 100x more.
🧠Understanding the outstanding power behind Chainge's unique interoperability solution and cross-chain liquidity aggregator
📰 The whys and hows of the most advanced smart router on the market -> aggregating 70Bn+ liquidity
🏆 Impact and user benefits
👇 A thread 🧵 pic.twitter.com/Elwb6TCuG2
— Chainge Finance 🪢 (@FinanceChainge) October 31, 2022
We’ve referenced Chainge lots as of late so you may realize they offer other extraordinary services too like margin trading and derivatives. However, just because it’s well known now doesn’t mean you missed this great opportunity. Its high is 55c, which would be 5x from here and absolutely sensible to anticipate.
Do you have a most loved DEX that you use? Tell us in the comments below
Coin 2: Goldfinch
Goldfinch is A DeFi Protocol that Offers Real Yield from Real Companies. So, Real-world asset (RWA) tokenization is a hot topic in the crypto space right now, and Goldfinch is one of the most promising projects in this category.
Base has joined the Tokenized Asset Coalition (TAC) with industry leaders including @coinbase, @AaveAave, @centrifuge, @rwa_xyz, @circle, and others
Our mission?
Drive adoption of tokenized real-world assets through education, advocacy, and innovation pic.twitter.com/qvUqUcRUfE
— Base 🛡️ (@BuildOnBase) September 7, 2023
Goldfinch is a decentralized credit protocol that allows users to lend USDC to businesses in emerging markets. The loans are secured by real-world assets, such as invoices and inventory. This gives investors the peace of mind that their capital is backed by tangible assets, and it also allows borrowers to access much-needed financing without having to put up traditional collateral.
Goldfinch is still in its early stages, but it has already attracted a lot of attention from investors. The project’s market capitalization is currently only $24.9 million, but a 50x increase would take it to $1 billion. This is a realistic possibility, given the strong demand for RWA-backed lending products.
In addition to its attractive yield potential, Goldfinch also has the potential to make a real impact on the world. By providing access to capital to businesses in emerging markets, Goldfinch can help boost economic growth and improve living standards.
1/ 🌎 DeFi for the world is here! 🔥
We’re proud to present to you an interactive demo of what we believe is the future of DeFi UX.
DeFi shouldn’t just be for the niche DeFi enthusiasts. It’s for everyone. It’s for the world.https://t.co/H9KQgCkTRu pic.twitter.com/BbJmAIFF8D
— Goldfinch (@goldfinch_fi) August 8, 2023
If you are looking for a DeFi project with strong growth potential and a positive impact on the world, Goldfinch is a great option.
Coin 3: Bitcoin
And last, we have Bitcoin. As I’ve said many times, if you don’t hold at least some Bitcoin in your portfolio, then you are doing crypto wrong. Bitcoin is often compared to gold. Bitcoin’s market value is $500 billion and gold’s is $12 trillion.
The right tail of extreme #Bitcoin volatility has been shrinking and during the current halving cycle has almost completely disappeared.#Bitcoin is maturing as an asset. pic.twitter.com/gz9L87CbwS
— Bitcoin (@Bitcoin) September 16, 2023
If Bitcoin reaches gold’s market cap, that would mean over $600,000 per Bitcoin or more than 20x from here. Do you think Bitcoin could become more valuable than gold? Do you believe that Bitcoin could be the future of money? Or more specifically, do you think the value of dollars, euros, yen, renminbi, and rubles will continue to decline over time? I sure do.
Well if you believe in any of these 3 things, and DEFINITELY if you believe in all of them, then you should have some Bitcoin in your portfolio.
Bitcoin will benefit from legitimate market growth AND declining fiat value. Just as $50 does not buy very much anymore, inflation and eroding purchasing power mean Bitcoin will grow just by having value outside of fiat currencies.
Denmark's new Carbon capture project will cost $3.84 billion, aims to reduce 34 Mt CO2e over 15-years and uses unproven tech
Bitcoin mining using Landfill gas reduces 35Mt CO2e in 4 years, cost taxpayers nothing, earns profit and uses existing techhttps://t.co/Fe09tndbX7
— Daniel Batten (@DSBatten) September 20, 2023
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.