Despite exhibiting overwhelming red signs across the charts, the crypto market is being gauged as a great investment opportunity by analysts. This is mostly because the current crash makes way for a chance to ‘buy the dip’. As risky as it may sound, the dip investment technique has worked wonders for many crypto enthusiasts.
If not the dip, another way to invest at a low price could be to invest in the new promising crypto tokens that are entering the market. After proper research and portfolio analysis, one may choose to invest while the prices of crypto lower during the slump.
Here are a few opportunities that you may want to consider!
Firepin (FRPN) Enters The Market Fashionably
Firepin (FRPN) is a new cryptocurrency that has already wowed its early investors with a well-written whitepaper. FRPN is a DAO cryptocurrency that can bring a massive difference by truly democratising the fintech decision-making process. It also happens to be a cross-chain swapping platform that facilitates investors to switch between cryptos without any loss of value.
The coin will provide a platform for staking and farming, allowing investors to earn passive revenue. This feature aims to allow investors to validate their transactions based on the number of tokens they hold, with validated network transactions resulting in additional rewards. Furthermore, yield farming allows investors to lend their tokens which helps them earn interest and fees for doing so.
In a pool of its attractive features, FRPN also offers an NFT Marketplace to its investors to navigate the fintech field further. The token is currently in its third presale phase which could be an ideal time to invest at a discounted price and earn big profits when the token unfurls.
Filecoin (FIL) Resurrects from a Slump
Speaking of presales, Filecoin (FIL) is a crypto that had a historically successful presale phase. In September 2017, Filecoin raised $52 millionin a private presale. Later, they raised another $205.8 million in a public ICO for a total of $257 million. This is the most money ever raised in an ICO.
Filecoin (FIL) has shown a gradual resurrection from the market crash which is restoring investors’ faith in not just Filecoin but cryptos altogether. FIL has fallen below the 25-day and 50-day moving averages, indicating that the negative trend continues. The coin has created a bearish pennant pattern, which is highlighted in blue. A bearish pennant pattern, in theory, indicates that a sell-off is imminent.
However, if one decides to HODL or invest in the current low value, it could translate into bigger profits in the coming times. As of Friday, the market capitalisation of Filecoin (FIL) has gone up by nearly 3% and stands at $1.8 billion.
These two options are some of the few current crypto opportunities that can provide better health to your portfolio. One must always be backed by research and a personal analysis before investing in the volatile scene of the crypto market. The fluctuation might be off-putting but that also happens to be the very charm of the fintech market.
Learn more about Firepin (FRPN) here:
Join Presale: https://presale.firepin.io/register
Website: https://firepin.io/
Telegram: https://t.me/FIREPINOFFICIAL
Twitter: https://twitter.com/FIREPIN_io
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Source: https://www.thecoinrepublic.com/2022/05/24/future-financial-fulfilment-with-firepin-frpn-and-filecoin-fil/