5 Cryptocurrencies to Buy Now


The crypto market’s recent crash is an excellent buying opportunity.
Here are 6 cryptocurrencies to buy now before the next bull run.


2021 is a year of extremes.

The year began with a crazy rally and the prices of Bitcoin, Ethereum and most cryptos reached astronomical highs.

After a few months of absolute madness, the hype was swiftly crushed when Elon Musk posted a series of tweets attacking the environmental impact of Bitcoin mining. The King of Crypto’s price plummeted and dragged down the entire market with it.

Finally, the last couple of weeks are green and investors are starting to think that the bull run is starting again.

If you haven’t already bought the dip, it’s not too late.

There is still time to initiate positions in promising cryptos that could be on the verge of exploding.

However, I will not mention Bitcoin, Ethereum or Binance Coin as they are no-brainer buys at these price levels.

Instead, I want to focus on 5 altcoins with significant upside potential.

1. Polygon

Polygon is one of 5 cryptocurrencies to buy now

Polygon (MATIC) is a platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

Programmers and developers using Polygon can create:

  • Optimistic rollup chains
  • ZK rollup chains
  • Standalone chains
  • Any other kind of infrastructure required by the developer.

In essence, Polygon transforms Ethereum into a full-fledged multi-chain system, also referred to as the Internet of Blockchains. It is capable of processing up to 65K transactions per second on a single chain in less than 2 seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

Commercially, Polygon’s sidechains are designed to support a wide variety of DeFi protocols available on the Ethereum ecosystem. The community is actively working on extending support for additional basechains, which would make Polygon an interoperable decentralized Layer 2 blockchain platform.

Given the project’s features and potential, the $MATIC token will continue to play an increasingly important role in securing the system and enabling governance. Polygon ranks 17th in market capitalization and is already a behemoth.

VERDICT: MATIC is known for pumping very quickly. It is very tempting to buy at current prices before the FOMO quicks in.


2. Polkadot

Polkadot is one of 5 cryptocurrencies to buy now

Polkadot (DOT) is an open source, multi-channel sharding protocol which facilitates the transfer of data and assets between multiple channels, enabling the interoperability of several blockchains.

This interoperability seeks to:

  • Create a private, decentralized network controlled by its users.
  • Simplify the creation of new applications, infrastructure and services.

Being a sharded network, Polkadot can process transactions of several chains. This computational power gives Polkadot great scalability.

The Polkadot network boasts a very sophisticated governance system. Indeed, it is the users who participate in securing it. The community can personalize their blockchain’s governance according to their needs. The nominators, validators, collators and fishermen all perform different functions to ensure the security of the network and eliminate “bad behavior”.

VERDICT: The price of DOT is rallying and present significant upside potential.


3. Elrond Gold

Elrond Gold is one of 5 cryptocurrencies to buy now

Elrond Gold (EGLD) was founded in 2017 as a solution to blockchain scalability, a serious challenge facing the cryptocurrency community.

The founders describe EGLD as a blockchain platform designed for the new internet economy, decentralized applications and enterprise use. Their mission is to build an innovative ecosystem and establish the coin as a reliable store of value.

Elrond’s greatest strength is its high scalability: it is considered to be the first blockchain network in which state, network and transaction sharding have all been implemented.

The network runs on more than 2,000 validator nodes split into four shards. In order to increase adoption, the project supports developers building on the platform, giving them loyalty fees of 30% of the smart contract values.

VERDICT: Elrond is a project with increasing popularity. The current dip presents an excellent opportunity to initiate a position and join an active community.


4. Celsius

Celsius is one of 5 cryptocurrencies to buy now

Celsius (CEL) presents itself as a “platform of curated services that have been abandoned by the big banks – things like fair interest, zero fees and lightning quick transactions“. Their goal is to “disrupt the financial industry […] and introduce financial freedom through crypto“.

Launched in 2018, this project offers loans and rewards for staking crypto.

  • Earn up to 17% APY paid every week

Celsius offers rewards for customers who choose to hold their crypto on the Celsius wallet. You can earn rewards in kind or in CEL tokens with the option to adjust reward settings for each coin in the Celsius wallet. Earning weekly rewards in CEL tokens gives you access to even higher rates on all coins based on your CEL loyalty level.

Interest rates differ depending on which crypto you stake, how much you stake and for how long.

For example:
-> Staking $1000 worth of CEL tokens for 1 year will earn you $50 in interest. If you up the ante and stake $10K for 1 year, you’ll earn $498 in interest.
-> The rewards for staking Bitcoin are higher: if you stake $10K for 1 year, you’ll earn $639; if you stake $10K for 5 years, you’ll earn $3,633.

In addition, holders get 25% more rewards when they choose to earn in CEL tokens.

  • Borrow at 1% APR with you crypto

Celsius offers the possibility of using your crypto as collateral to get a loan.

This means you can borrow funds with Celsius at interest rates as low as 1% APR.

For example, let’s say you want to borrow $1000 TUSD.

If you want a 2 years loan term at 1% interest, you’ll have to deposit a collateral of 0.0959 BTC. If you repay your loan on time, your deposit is paid back to you. If you want to deposit less collateral, the interest rates go up.

You can get that $1000 TUSD loan by depositing only 0.0479 BTC as collateral but the interest rate shoots up to 8.95%.

To find out more about Celsius’ loans, visit this link to run your own simulations.

In sum, Celsius offers very interesting loan conditions to people who may not get it through their bank.

VERDICT: This is a very interesting project project that deserves more attention. Current price levels offer interesting entry. Stake your CEL to earn rewards.


5. Shiba Inu

Shiba Inu is one of 5 cryptocurrencies to buy now

Is this a troll post?

Possibly.

The 5th and final crypto you should buy – if you want to gamble some pocket change – is none other than the infamous Shiba Inu (SHIB).

Yes, Shiba Inu is a memecoin that offers little fundamentals.

However,, the current price presents an interesting entry. Given the recent price action, the downside appears relatively limited.

A few months ago, the coin pumped nearly 500% and the demand was so high that the Ethereum gas fees skyrocketed to more than 200 gwei.

The hype was quickly deflated when it was revealed that Vitalyk Buterin donated $1 billion worth of Shiba tokens to a relief fund working to combat the spread of Covid in India.

Last week, the foundation claimed it has only cashed out $20 million worth of the tokens due to practical and regulatory reasons. What is their cash out strategy and how will it affect the price of Shib?

We don’t know the answer but it’s clear that news of the perceived “rug-pull” caused the price of the token to plummet.

Since the announcement, and the subsequent crash of the entire cryptocurrency market, the coin’s value has dropped by more than 80%.

However, it still remains in the top 50 largest cryptocurrencies by market capitalization. This is no mean feat and proves that Shib has built a real community in a short amount of time.

Another encouraging fact is that the developers finally released the long-awaited Shibaswap.

This platform gives Shib an actual use case.

Indeed, users can:

  • SWAP: swap your tokens for other tokens
  • DIG: Provide liquidity to earn BONE
  • FETCH: migrate your UNI V2-LPor SLP tokens to earn BONE
  • BONEFOLIO: portfolio monitoring
  • BURY: stake your tokens to gain returns
  • WOOF: stake SSLP and claim returns.
So should you buy the Shiba Inu dip?

Yes, but only if you have spare change to throw at a speculative project . There is significant upside potential if the meme train revs up again. Invest at your own peril.


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