It is important to remember that the return is not guaranteed by buying these cryptos.
Uniswap (UNI)
Uniswap is the largest decentralized AMM (Automated Market Maker) exchange. The crypto UNI is at the heart of how it works. Investors consider Uniswap a good cryptocurrency due to the platform’s strong user privacy policy as well as its proactive approach to responding to investor inquiries.
There are a large number of followers of this DeFi platform which is number 1 on Ethereum. His Twitter has 905,000 followers.
Between May and August 2022, the price of UNI/USD formed an inverted head and shoulders pattern. It is a reversal chart pattern that possibly portends a rise by 2023.
Cardano (ADA)
Between 2021 and 2022, Cardano has increased in power. Along with Ripple, Ethereum and Bitcoin, it is one of the cryptocurrencies that has stayed in the top 10 for the longest time in terms of market capitalization.
Cardano was one of the first applications of Proof-of-Stake and remains a scientific project today. This blockchain is subject to analysis by a community of experts who continue to give their opinion on each upgrade. Therefore, Cardano has a unique degree of security.
The ADA crypto has stabilized at its 2022 yearly lows around $0.5. It presents a unique buying opportunity considering the intrinsic value of the Cardano network.
Decentraland (MANA)
For fans of the metaverse and NFTs, Decentraland is a must. The virtual gaming environment based on the Ethereum blockchain, was the first to allow players to buy virtual land (and really own it) and create tradable digital real estate.
The prices of these goods quickly rose to millions of dollars, with brands snatching up the best locations.
If the parcels of land are out of reach for you, the MANAthe native cryptocurrency of its ecosystem is a good investment at less than $1 per token.
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Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.
Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to personal finance. He participates in the development of feature articles on specialized sites such as Actions-boursieres.fr, as well as the international network of Finixio.com.