Top 5 Cryptocurrencies to Buy the Dip [Feb 2022]

With passing time, human evolution has created something that is unstoppable, anti-fragile, and an ever-running source of value transfer. Those filled with rage against something pure are baffled with its applications in times of need. The downfall of government money in times of need has been a curse on people fleeing a country under war; Bitcoin has proved to be a safe haven for them; truly sound money, with the ability to transfer value through time and space.

Cryptocurrencies have been going up and down in the last few months, but there are many good opportunities in this sector for investors in the recent crypto market crash. The market is volatile, making it hard to decide which tokens to buy. We have a list of top cryptocurrencies that you can buy at the dip and profit from it soon.

Also, read A Russia-Hit Ukraine Turns to Bitcoin for Aid

Let’s talk On-Chain

According to OKLink, the official Ukrainian Bitcoin donation address (bc1qkd5az2ml7dk5j5h672yhxmhmxe9tuf97j39fm6) has received a donation of 136.47BTC, the current address balance is 132.41BTC, and the maximum amount received is 80BTC.

To learn more on how Bitcoin is helping Ukraine raise funds amid Russia’s invasion, read Bitcoin Donations Overflows to Support Ukraine.

Top 5 Cryptocurrencies To Buy The Dip [Feb 2022]
OkLink

Altcoins have been absolutely thriving on a continued recovery effort by traders after #war concerns suppressed prices two days ago. Heading into the weekend, projects like $FTM, $AAVE, $GALA, $ONE, and $CBG have fired upwards in a big way.

The trading volume for #Bitcoin perpetual swaps reached a 3-month high of over $134 billion yesterday. Trading activity accelerated in the evening as the invasion and bombing of Ukraine began.

Bitcoin (BTC) Price Prediction

On the 4H timeframe, $BTC/USDT is being affected by fundamental is now back to the zone where it is forming an inverse head and shoulders. A breakout and retest would be helpful for the bulls to achieve 40k zones.

Bitcoin/Tether Us, 4H
Bitcoin/Tether US, 4H

Ethereum (ETH) Price Prediction

Ethereum is a global, open-source computing platform based on blockchain technology and is the second decentralized digital currency. Due to the recent fall in the price of bitcoin, the prices of Ethereum also started to fall with a strong downward trend. Writing this article, its price has fallen from $2,734.66 to $2,438.22.

ETH is currently trading at $2,705, with a market cap of 323 billion dollars, and has a supply of 119,727,946 coins. It currently ranks 2th on CoinMarketCap.

On the 1D timeframe, $ETH/USDT, as said in the previous analysis, ETH is forming a bullish bat, so after giving a wick at .886 retracement, ETH pumped and is heading towards target profits.

Ethereum/Tether Us, 1D
Ethereum/Tether US, 1D

The Graph (GRT) Price Prediction

The Graph is an open-sourced software that collects data from different blockchain applications. Its native currency, GRT, ensures data integrity by identifying inconsistencies and anomalies. The Graph is an all-in-one blockchain system that allows users to exchange tokens and rewards developers for providing services. Graph’s price has fallen from $0.3691 to $0.3283 in the recent market dip.

GRT is currently trading at $0.3542, with a market cap of 1.6 billion dollars, and has a supply of 10,057,044,431 coins. It currently ranks 55th on CoinMarketCap.

On the 4H timeframe, $GRT/USDT is in a range zone between support and resistance. Therefore, a breakout is expected, but one should take entry either at support or after the retest.

Grt/Tether Us, 4H
GRT/Tether US, 4H

Aave (AAVE) Price Prediction

Aave is a decentralized financial protocol that lets people borrow and lend cryptocurrency. It’s considered the first uncollateralized loan option in the DeFi space, with flash loans being just one of the many possibilities. The Aave aims to create a market where investors can put money into pools to increase liquidity. The recent fall in BTC prices has made AAVE prices fall from $192 to $119.

AAVE is currently trading at $138.06, with a market cap of 1.8 billion dollars, and has a supply of 16,000,000 coins. It currently ranks 50th on CoinMarketCap.

On the 1D timeframe, $AAVE/USDT broke the descending triangle and is now on a bearish move towards the targets should come back if BTC helps alts to pump.

Aave/Tether Us, 1D
AAVE/Tether US, 1D

Uniswap (UNI) Price Prediction

Uniswap is based on the Ethereum blockchain, which allows you to exchange different types of tokens without trusting one centralized marketplace. Uniswap operates using liquidity pools rather than acting as a market maker to create more efficient markets. The recent decrease in BTC prices has made UNI prices from $12.89 to $7.59.

UNI is currently trading at $9.00, with a market cap of 5.6 billion dollars, and has a supply of 1,000,000,000 coins. It currently ranks 25th on CoinMarketCap.

On the 1D timeframe, $UNI/USDT is in a falling wedge and is on support. If BTC breaks out the inverse hns, it will also break out towards some good pumps.

Uni/Tether Us, 1D
UNI/Tether US, 1D

Closing Thoughts

The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.

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