The cryptocurrency market is volatile and unpredictable, however, with important insights and good core value of a project, it can suffice the volatility in the long term.
Therefore, we believe there are many cryptocurrencies that have good fundamentals backing them and in this article, we’ll be talking about the top 3 cryptos to keep an eye on before 2022 ends.
Many well-established crypto exchanges and earning platforms have suffered a fall down in this bear market including Celsius and FTX. Therefore, you’ll need a trusted and well-established crypto exchange that can meet all your needs. This is where BYDFI comes into the picture.
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What is BYDFI?
BYDFI is a crypto exchange that’s packed with various products and features such as futures trading, lite contract trading, margin trading, crypto swaps, etc.
Further, the platform also allows you to mine free BYD tokens and earn rewards by performing various tasks.
Moreover, it provides all traders with Multiple licenses, easy deposit, and withdrawal feature, service diversification, copy trading options, and many others.
DOT Price Prediction
Polkadot is a multichain protocol that allows for interactions with various blockchain networks. It’s a layer-0 meta protocol that enables developers to launch and describe other protocols. It supports connecting public and private chains, permissionless networks, and more.
Despite recent price drops, it is showing signs of recovery, and it is now one of the top cryptocurrencies predicted to explode before 2023. More people are investing in it because its features keep attracting investors’ attention.
A study by an expert tells that the price of DOT (Polkadot) will increase to around $26.27 by 2025 and $88.32 by 2030. The prediction is likely too bullish.
In the 4H timeframe, the price action of $DOT/USDT is moving down. If the price reaches its support zone, then it can go upwards. If the price breakdown its horizontal support zone, it can go downward.
LINK Price Prediction
Chainlink is a network of nodes that provide data from off-blockchain sources to on-blockchain smart contracts via oracles. This process, combined with enhanced security, eliminates the reliability issues one might otherwise experience.
One thing that is unique about it is that its price moves differently than other cryptocurrencies. It has been rising lately, even though it started at a low level during the first couple of years.
Chainlink announced a new program that would allow participants to earn cryptocurrency rewards for helping ensure the network is secure. The goal was to create a program open to many people.
But the data on blockchains show how a single holder – called a “whale” in crypto jargon – could get around their limits by creating over 150 accounts and then staking their full 7,000 LINK allotment from each one.
In the 4H timeframe, the price action of $LINK/USDT has broken the horizontal support zone of the descending triangle. If the price breaks its horizontal ray, it can go down further.
COMP Price Prediction
A compound (COMP) is an Ethereum-based token that has a set of decentralized interest rate markets. You can use these to supply and borrow ethereum tokens and get a variable interest in return.
The Compound protocol is an ERC-20 token. It empowers the community to vote on all changes made to it. The members of this community are those who hold COMP tokens and the delegates they choose to represent in these voting decisions.
The compound provides an easy way to deposit cryptocurrency into pools and earn interest. Loaners can borrow the funds to access a larger pool of assets, then pay back with interest.
Once funds are deposited, a new token called cToken is allocated based on the type of asset deposit.
While the COMP token has seen decreased value compared to its all-time high, it still has the potential for significant growth. Historically, we’ve seen the token reach points of over 300 USD or even over 500 USD throughout 2021, and this pattern can be expected to continue.
In the 1D timeframe, the price action of $COMP/USDT is moving inside the pennant. We must wait for a successful breakout or breakdown to confirm its next direction.
Discipline and Patience are the most critical components of any successful crypto trade. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We recommend that you do adequate research before investing.
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