There is no doubt that there are some serious deals in the cryptocurrency industry, with Bitcoin (CRYPTO: BTC) is one of them. However, if you are looking to take advantage of the recent selloff and buy into the dip, there are cryptocurrencies that offer greater growth potential than Bitcoin and are trading at an even greater discount.
With so many cryptocurrencies to choose from, it can be difficult to decide which cryptocurrency is the best to buy. So, as long as you find projects that you think users will appreciate and can grow in popularity, it should be an excellent investment to buy and hold for the long term.
It might be one excellent example of a popular video game to play with. If you discover a game that is fun, has a strong community, has a scalable model and can earn investors a lot of money by playing it, then the game should have the potential to grow for years.
Another example could be a popular decentralized exchange, which allows investors to participate in DeFi. Or perhaps it could be a new blockchain that offers the same level of security and decentralization as the existing blockchain but with improved scalability.
So, if you are looking to take advantage of the discount in Bitcoin and the rest of the cryptocurrency industry, here are three of the best you can buy today.
Uniswap (CRYPTO: UNI) is the leading decentralized exchange in Ethereum (CRYPTO: ETH). The DeFi protocol not only allows users to exchange hundreds of cryptocurrencies, but since it acts as an automated market maker, users can also contribute their cryptocurrencies to provide liquidity. These liquidity pools then pay a percentage of the trading fee to the users who have invested their capital.
This is, in essence, how DeFi works, and as the industry gains popularity, of course, so does Uniswap. While Bitcoin is down about 37.5% from its all-time high, Uniswap is down 65%.
Furthermore, with the potential presence of DeFi and the fact that Uniswap already has such a dominant position in the Ethereum ecosystem, it could also offer more growth potential than Bitcoin as well.
So, if you are looking to buy low-quality cryptocurrencies and find high-quality cryptocurrencies to buy today, Uniswap is one of the best options to consider.
Decentraland (CRYPTO: MANA), one of the best cryptocurrencies to buy if you want exposure to metaverses, is another high-quality investment to consider today.
Decentraland is also significantly lower than Bitcoin, with its price trading at around half of its all-time high. This creates an excellent opportunity for long-term investors, especially if you are optimistic about the potential offered by the Decentraland metaverse.
Decentraland allows users to create tons of unique experiences, challenges or products in its virtual world. Not only can these products be sold once, but they can generate a fee for content creators each time they are additionally sold.
Virtual worlds have gained a lot of popularity. But now, with the potential to earn cryptocurrency, it is one of the best projects to invest in.
So, with Decentraland trading at an even greater discount than Bitcoin today, it sure is just one of the best cryptocurrencies you can buy right now.
Tezos: Bitcoin’s Blockchain Competitor
The Latest High Potential Cryptocurrency Trading Cheaper Than Bitcoin Tezos (CRYPTO: XTZ), a smart contract compatible blockchain designed to upgrade on its own.
This is a crucial development for Tezos, as upgrades to blockchain technology are fairly common, especially as they expand and run into problems as they get older. It also allows the cryptocurrency to avoid difficult crackdowns, as consensus on the upgrade can be reached by XTZ holders who vote on it.
Tezos has now partnered with several Formula One teams, several banks, a ride-sharing company and a casino, as more organizations realize its great potential.
So, if you are looking for high quality cryptocurrency trading at a discount more than Bitcoin, Tezos is one of the best to consider.