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Despite the news of another potential interest rate hike, there are all reasons to consider investing in cryptocurrencies at current prices.
For starters, the most stakeholder in the market does not sell their holdings. For example, the data shows that the Bitcoin whale is not only holding it, but also increasing its position.
The data also show that we are buying a lot of Bitcoin around the $ 20,000 level. This shows that investors are confident in their potential rebounds. With this in mind, it makes sense to consider buying the highest quality cryptocurrencies that are most likely to work when the market turns the corner.
Are you wondering which cryptocurrencies meet this metric? Fortunately for you, we have researched and summarized some of the best cryptocurrencies to buy when they may be traded at the bottom.
XRP (XRP) tends to work when Ripple has good news. It has also suffered negative XRP performance since Ripple was sued by the SEC. But in addition to the signs that the case may be nearing its end, there are signs that the financial industry still has a lot of confidence in Ripple.
This is evident in the growing number of partnerships Ripple has landed in, especially in Asia. These latest are partnerships between Ripple and FOMO Pay, one of Singapore’s top financial institutions.
FOMO Pay aims to improve transaction liquidity by using Ripple’s on-demand liquidity. Since XRP is an integral part of this system, it acts as a viable cryptocurrency to buy today.
Cardano (ADA) has lost much of its value since the crypto bear market began in December 2022. However, indicators on Cardano’s chain show that this cryptocurrency could soon turn the corner. Data from Santiment, one of the largest crypto data providers, shows that Cardano’s average funding rate indicates a potential recovery for Cardano.
According to Santiment, the number of liquidated ADA longs is skyrocketing. Cardano may be in a buy position at the current price if past instances are passed through. With Bitcoin holding key support and bouncing back, it’s not hard to understand why ADA is positioned in the rally.
If the market shows signs of bullishness again, Elon Musk’s favorite meme coin has great potential. In addition to the hype that Dogecoin (DOGE) got from the mask, much is happening because of it that its value can be seen to rise in the year.
One of them is a technology upgrade aimed at making DOGE better function as a daily payment currency. The latest move like this is to move the Dogecoin node to a new core called v.14.6. This upgrade, especially as it is currently taking place in the Dogecoin ecosystem, could help raise the price of Dogecoin if the market recovers in 2022.
