Altcoins

The Altcoins To Buy In The Dip! AVAX, MATIC, And LUNA Primed for a 40% Rebound By March 1st

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Feb 22, 2022

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Article Highlights
  • Crypto traders roll up their sleeves to bag potential and high-spirited altcoins in the dip.

  • AVAX, MATIC, and LUNA sprout as potential contenders for buyers aiming at a speedy recovery.

The world of cryptocurrencies has been pushed to the bear’s cave. Which has resulted in the market’s price trajectories being clawed down by the bears. Wherefore, the market capitalization of the crypto industry has been slashed down to $1.74 T. Which is down about 7.4%, over the previous day’s metrics. Successively, a myriad of digital assets has shed double-digit gains.

The correction in the business has opened up opportunities to buy digital assets at a discounted price. And buyers from the business have set up their radars to buy the lows. The traders are now also keen on high-yielding assets which also possess speedy recovery from the lows. Which would contradict the skittish market conditions to a greater extent. Successively, AVAX, MATIC, and LUNA have risen as capable contenders for the dips.

Avalanche (AVAX):

Avalanche with its robust fundamentals and perks such as faster transactions, lower fees, and growing utility. Has been growing as one of the top picks of investors. AVAX price in the recent past has rebounded from the lows at a brisk rate, whilst compounding on gains. From the cycle low of $54.33 on the 22nd of January. The asset rose 79.16% to $95.16 on the 8th of February 2022. 

Similar surges have been witnessed in the past, for instance. AVAX price surged 67.4% from $57.82 on the 27th of October to claiming $96.37 on the 8th of November. The returns for the fourth quarter of 2021 has been an impressive 74.91%, which is despite the turbulence in business. In addition, the inflation rate of AVAX stands at 32.25% against that of USD’s ~ 7%.

Successively, AVAX price holds the potential to pose a healthy rebound from current lows. Based on historic movements, it would not be wrong to expect a 35-40% rebound in a week’s time. The spirited pace is also fueled by the network’s fundamentals, community, and on-chain metrics. Consequently, the escalating daily transaction chart justifies the interest of folks.

Polygon (MATIC):

Polygon is emerging as the front runner at numerous fronts be it fundamental perks, developments, utility, engagement, amongst others. Wherefore, the digital asset is now under the active consideration of buyers. What also gives it an impetus, is its swift rate of rebound from the lows. Successively, MATIC’s price has rallied 58.16% from the cycle low of $1.32 to $2.09 in a fortnight’s time. 

In a week since its cycle low, MATIC price did pick up pace collecting close to 30% in gains. The business has been a spectator to MATIC’s speedy recovery in past. MATIC price did surge 84% in fortnight’s time, from the 12th of October to the 28th of the month. In due course of time, the asset did boast a single-day spike of 32.43%. 

The swift pace of MATIC instates faith in higher yields and at a shorter duration. Which also lowers the risks coming from market crashes. The returns in the fourth quarter of 2021 account for an astonishing 139.87%. On the other hand, the inflation rate of digital assets is at 13.21%.

Terra (LUNA):

  The digital asset from the crypto-verse holds its prominence with its smart contracts, flourishing cross-chain DeFis, Web 3.0, and NFTs. LUNA has been distant from the glitter of business. However, the price projections are now persuading traders to stop and take notice. Owing to the digital asset’s returns in the fourth quarter, which was a praiseworthy 148.10%.

The crypto asset has been picking up pace since its lows at a notable rate. The price of LUNA has surged close to 40% from its cycle low of $43.56 to $60.53 in just a week’s time. Past events also justify the brisk rate of rebound, where LUNA’s price rose around 105.35%. From $38.044 on the 24th of November to $78.12 on the 4th of December.

The price of LUNA has been propelled by its fundamentals, utility, analytics, amongst other factors. Talking about analytics, the volatility of the altcoin has been taking a dip off-late. Which has been in synchronous with the price trajectory of the LUNA. The current rate of volatility is at 1.11 to the price of $49.86.

Concluding, the sporty rate of rebound, alongside stout fundamentals, utility, metrics, amongst other factors. Help the aforesaid assets triumph as potential ones to bag in the dip. Moreover, the overwhelming returns in the fourth quarter, instil optimism of a bullish surge.

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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