Is it the right time to invest in crypto?
It all depends on the resilience of the asset and the underlying project. While some give no hope of recovery, proving the ‘buy the dips’ strategies fatal, some have the potential to reverse the losses and turn your portfolio profitable.
3 Reasons Why it’s Best to Wait for Better Times
1. Poor confidence in the industry
Confidence in the crypto market is waning, after the collapse of one of the largest cryptocurrency exchanges. It didn’t just tarnish the credibility of FTX and other poorly-managed centralized exchanges, but also the industry in general.
According to Binance CEO Changpeng Zhao, the industry has been set a few years back by the incident. “Regulators rightfully will scrutinize this industry much, much harder, which is probably a good thing, to be honest,” he said at the Indonesia Fintech Summit 2022.
It will also stand in the way of the mass adoption of cryptocurrencies in traditional industries, given the enormous risks involved. In a reply to a tweet, Ethereum founder Vitalik Buterin noted that FTX committed a bigger fraud when compared to Mt. Gox and Luna.
MtGox "looked" sketchy and never tried too hard to whitewash itself. Luna too. FTX was the opposite and did full-on compliance virtue signaling (not the same thing as compliance)
The second kind of fraud cuts deeper than the first.
— vitalik.eth (@VitalikButerin) November 11, 2022
More blows are likely to hit the market as a ramification of the crash. On the bright side, investors are asking crypto platforms for strong proof of reserves and moving their funds to self-custodial wallets.
2. Price corrections will continue
A quick scroll through Twitter will tell you that bitcoin is going to hit $100,000 any time now. A hard, realistic look will reveal that most cryptocurrencies, including BTC and ETH, are saturated. Despite the ongoing innovations in the blockchain industry, they are selling for prices beyond their intrinsic value.
While BTC and ETH can still factor in the collectible value, the same doesn’t apply to the rest of the market. High-cap crypto investors must brace themselves for more price corrections in the near future.
3. Christmas sell-offs underway
Crypto liquidation that gains pace towards the end of the year is another potential threat to watch out for. Investors tend to convert their crypto into cash before Christmas and New Year holidays, triggering bearish momentum in the market. If that’s the case this year, it’s best to wait until then to buy the dips.
3 Reasons Why You Should Invest in Crypto Right Now
1. A turbulent year ahead for the global economy
According to an article published by IMF.org in October 2022, “0ne-third of the world economy will likely contract this year or next amid shrinking real incomes and rising prices”. The broad-based slowdown will impact the three largest economies – the US, China, and the euro area – reopening post-pandemic wounds that haven’t healed yet.
The report warns that “the worst is yet to come and, for many people, 2023 will feel like a recession”.
The stiffening monetary and financial conditions will stall growth to 1 percent in the US next year. China, on the other hand, will be slowed down by the declining property sector and continued lockdowns. China’s growth forecast is down to 4.4 percent, as a result.
The recession will hit the hardest in the euro area. Growth will be down to 0.5 percent in 2023 in the region, crippled by the war and the consequent energy crisis. The persistent inflation, rising unemployment, and shrinking supply will take a toll on the rest of the world as well.
The deteriorating trust in global financial institutions will inevitably prompt people to look for alternative services. The crypto market, despite its many shortcomings, is an eligible candidate.
The decentralized nature of crypto financial services empowers people to be in charge of their savings. The fall of FTX, if anything, is a reminder that the industry’s future lies in the hands of decentralized platforms. As the recession runs deep, stock market investors will turn to commodities and cryptocurrencies to park their money.
Combined with the aftermath of the FTX collapse, the crypto market is moving into a mature phase where utility takes precedence over hype. Projects that build value will continue to accrue realistic, yet lucrative returns. Bright times are awaiting shrewd investors who seize opportunities instead of blindly following the herd.
2. Intelligent investing can save the market
Most crypto analytics platforms cater to professional and institutional users, raising the technical barrier to crypto trading. Not everyone has the skills to critically analyze the market and make acute decisions. The industry can be saved from further collapses if new and part-time investors are provided with actionable insights into the market.
Dash 2 Trade dashboard
That explains the fast-moving presale of Dash 2 Trade, a crypto analytics and intelligence platform that promises to help both seasoned and novice traders hone their portfolios using relevant data points. The key offerings from the platform are:
- Unique social indicators
- Strategy-builder and back-tester
- Custom-made scoring system for presales and ICOs
- Independent technical indicators
- Auto trading APIs
- Risk profiler
- Presale listing alerts
- On-chain analytics
- Social trading
?How about a little #giveaway?! ?
$150K is up for grabs!
— Dash 2 Trade (@dash2_trade) November 14, 2022
Dash 2 Trade social indicators help track socio-cultural movements which determine the course of the crypto market and identify cryptocurrencies on the brink of a breakout. With the dashboard, anyone can take an analytic look at the market through moving averages, support lines, correlation of price movements between coins and assets, and order book statistics, to name just a few.
Dash 2 Trade trading signals
Another important feature is Strategy-Builder and Back-tester, which helps create independent trading strategies by mirroring live market conditions. It makes it easier to analyze the feasibility and profitability of a strategy. The custom-made scoring system for presales and ICOs, on the other hand, simplifies the hunt for promising presales. Dash 2 Trade is just what the crypto market needs now.
The Dash 2 Trade whitepaper lists more tools and functionalities of the dashboard that underscores its market relevance in the post-FTX era. As the native token of the Dash 2 Trade ecosystem, D2T serves a wide range of utilities. To begin with, it gives entry to trading competitions, starter and premium dashboard tiers, and back-tests.
As per the latest announcement, BitMart has signed an agreement to list D2T as soon as the presale concludes.
? ANNOUNCEMENT ?
?Another #exchange listing confirmed for $D2T!!?
— Dash 2 Trade (@dash2_trade) November 11, 2022
It has only been a few weeks since the Dash 2 Trade presale went live. To the crypto community’s pleasant shock, D2T has already raised $6,176,814.23. Last week, the project secured a similar partnership with the LBank exchange. Factoring in the relevance of the platform and the success of the presale – disregarding the chaotic market – more top-tier exchange listings are awaiting the token.
D2T is selling for 0.0513 USDT at the time of writing. The price will increase as the presale moves to the next stages. If the market begins to show signs of recovery, D2T could soar up to $0.30 by the end of 2023, making it one of the best cryptocurrencies to buy in the current bear market.
3. Green tokens will buck the trend
The crypto industry was widely condemned for its unfair contribution to global warming in its early days. Things have changed a lot in the last two years. Not only have blockchains moved to energy-efficient consensus mechanisms, but green tokens are also now at the forefront of the fight against climate change.
A good example is IMPT. While projects like Chia, Earthling, and KlimaDAO pioneered the green crypto movement, IMPT takes it to the next stage by simplifying carbon offsetting. The IMPT carbon marketplace will be a one-stop shop to trade tokenized carbon credits for both mandatory and voluntary participants.
Apart from that, MPT hosts a shopping platform that rewards users with carbon credits in exchange for responsible shopping. It has already secured partnerships with leading global retailers, who will allocate a share of sales margin to the program.
Another interesting feature that sets apart IMPT is gamification, which renders its business model more efficient than competitors. The ecosystem’s unique social platform tracks the impact of your contribution to climate action using IMPT scores.
IMPT tokens, now in the second stage of the presale, are selling for $0.023. It’s a steal, given that IMPT is one of the best cryptocurrencies with high upside potential this year. The rising interest in green tokens also makes it a compelling buy.
? Join the $100K #giveaway now and become a winner ?
— IMPT.io (@IMPT_token) November 12, 2022