SEC causes market dip, What coins look promising to buy?

By Rajat G | Let talk about investment. | 11 Jun 2023


SEC causes market dip, What coins look promising to buy?

Blame SEC for alt the crypto dip or delisting of the coins from the Exchanges, but in other words, this is the time to "buy the dip". Buy the dip is a generic term and it is of utmost importance to know which dip to buy. Only those users will be able to generate profits and gains who exactly know which "dip" they should be buying for profit or the investment for the future. Frankly speaking, predicting this is almost impossible and we can just speculate to make some intelligent guess combined with our calculated risk.

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I am putting my speculation for a few of the coins that I like to take a bet on if I am trading on them. I will not add the "Gold" and "Silver" standards to this list i.e. BTC and ETH because for them advice is "always buy". Let's explore a few of the coins if they make a good choice to buy in this "dip".

1. MATIC / Polygon

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Trading at almost 90 cents a week before and MATIC was above $1 for most of the time this year with its peak above $1.5, this looks to me the easiest decision to pick it at below 70 cents. Even buying at 70 cents at selling at 90 cents can make a profit greater than 20% and I feel that target might be achieved in a month or two. This is my favorite pick to take a chance on this list.

2. Litecoin

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I do not think Litecoin made it to the securities list of the SEC but still "Silver Bitcoin" made a sharp dive and lost almost 20% in a week, I am feeling confident that it will regain its lost value easily and in my opinion, this is one of the most preferred methods of doing crypto transactions and payments due to its cheap fees. If BTC hs not lost much and regaining back, I do not see any reason for LTC to remain behind.

3. BNB

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BNB is the worst hit by the SEC allegation and BNB lost much in it's dollar value. It looks the most attractive bet to play but is the riskiest bet to play it. At this point, I will distance myself from BNB as it might turn into "catching the falling knife".

4. Dogecoin

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There is no logic in buying Dogecoin, if you get it cheap then just get it, and all you need is one "Tweet" from Elon Musk . So little Doge and expectation of a "tweet" pump is perfectly fine in the crypto portfolio.

5. ADA

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Cardano /ADA also labeled as "Ethereum Killer" is one of the most confusing decisions for me to make. I can just put some in for the sake of balancing the portfolio and will keep my outlook very neutral toward buying Cardano.

So, this is my list of 5 coins for which I thought of if I should go for it or not. Like to know what is your list. Please feel free to share your list.

Do not think too much about this list as this is my "thoughtful" action to buy according to this list if I have to spend money but I am not going to buy anything but really like to check after 2 months if I put 30% each in MATIC,LTC, DOGE and 10% in ADA, the will I am able to make some 20% gain in 3 month period?

Please feel free to upvote/share and let me know your thoughts.

Posted Using LeoFinance Alpha

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Rajat G
Rajat G

Searching for truth.


Let talk about investment.
Let talk about investment.

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