It has been a bumpy ride for cryptocurrencies in August, and up to this point, the dust hasn’t settled yet. However, the crypto market is still here, and investing must go on. For many, the bearish trend in the crypto market currently is a sign for them to stay away.
However for those who understand market cycles, it is also an opportunity to invest. Most assets have dropped a great deal from where they used to be, so this may be the best time to get some of them before the market rebounds.
Going into September, here are the best crypto assets you should consider buying ahead of an anticipated crypto market rebound. They are assets that for one reason or the other hold much potential, so getting into them may be nice.
Bitcoin is the number one crypto asset by market cap, and probably by general popularity also. Like the rest of the crypto market, Bitcoin has received its fair share of the bumpy market ride. However, it still holds great potential.
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This is seen in some of its metrics, including the mining difficulty which recently reached a record high. That demonstrated the confidence of miners in the asset, showing that it has great potential in spite of the current price drop.
Bitcoin’ price has dropped significantly from the $30,000 level it has managed to hold for some time, and now trades at $25,000. This offers an excellent opportunity as even a rebound to the previous $30,000 could be much rewarding.
Also, Bitcoin whales have demonstrated confidence in its future by holding onto their wallets despite the turbulence. Whales drive the market and if they are hodling, you probably should consider doing the same.
XRP has become a common name in the crypto space recently and for good reason. After many years in court, it secured a favorable judgment that declared it wasn’t a security. Since then, the token has become popular, even among those who never knew about it prior to the judgment.
Although there’s still a pending case on XRP, it has already won the hearts of many, and a positive outcome in the case could significantly strengthen the positive sentiment. Besides, the token was doing well while Ripple was still in court.
If it did well then, it can still do well again, and may be held down only by the general market sentiment right now. Ripple has secured several partnerships that will use XRP, which means the value is bound to go up.
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Shiba Inu (SHIB)
Shiba Inu is the second largest meme token by market cap. It made it to this list because of the many programs its team has ahead, top among which is Shibarium, which is on the verge of being launched.
When this is done, the token will have a mechanism in which it gets burnt regularly. This will reduce its circulating supply, thus making the price to shoot. If you don’t have any SHIB yet, maybe it’s time to think about getting some.
Dogecoin was the first ever memecoin, and has seen a lot of good days within the crypto space. However, more good days are clearly on the way. With the support of Elon Musk, DOGE has managed to mint new millionaires and billionaires, but that isn’t over yet.
Musk has repeatedly said he intends to turn Twitter (X) to a full-fledged commerce platform, and there is speculation that he may make Dogecoin – his favorite cryptocurrency – the native currency on the platform.
If this happens, you don’t need to be told what could happen to the price of DOGE in the near future.
Ethereum is the network for all things decentralized applications and smart contracts, and ETH is the native token used to run it. If you’re aware of the recent trends, you know that the demand for Ethereum will increase, hence the value of the token.
You may not be a developer or tech person, but you can take advantage of the situation to earn from the price gains in the future as the network continues to drive innovation.
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