Time to Buy the Dip!
In crypto, everyone wants to buy the dip and sell at high but figuring out the right spot of dip is difficult. We never know how the market will behave in the next moment and we just can't predict the market completely. The market is blood bathing this time and most of the coins are down with 15-25% and even leading coins like Bitcoin, Ethereum and BNB are quite a low price. Bitcoin price was 42k approx. and now its at 35k USD. Ethereum which was around $4k is now in the range of $2400 so ETH has gone down by over 30% in the last few days.
Its important to understand the definition of dip and I think it can vary from person to person but ideally, a 15-20% drop in the price can be considered a dip. Now when prices are quite low for almost every coin in the dip. Its a sale time for the crypto community where we can buy most of the coins at are discount and being part of crypto for a few years we know such a situation happens once in a few months so there is nothing to worry about but to take the advantage of the dip.
Its been a couple of months and now I did some crypto shopping for SPS and a few other tokens including cake and BNB.
SPS- This is such a great coin that is offering over 35% of APR and also offer add-on benefits with staking. I purchase through the splinterlands website and staked them all which started earning the decent apr for me. Cake- We know pancake swap and this is the native token of this decentralized exchange I have seen it over 40$ but now its less than 10 so I easily can see the drop of over 75%. Another good part of this token is that it pays a decent apr of 65% approx. if we stake in pancake swap I will be taking this or even I can stake in cubdefi but I am yet to finalize.
BNB- Binance coin is one of the coins that are in demand because of DeFi on Binance smart chain and its always great to gold as much as BNB we can have because it gives us nice earning opportunity by depositing the coin in DeFi.
Here is the current price and drop movement of the top 4 coins including BNB and USDT is not the one because its a stable coin and backed by USDT.
Being a part of this wonderful community I have learned one thing when the market breaks we need not to get panic instead we need to plan our buying accordingly so that we can make good money when it recovers. I follow the same and that is why I am never concerned with the red market. Red is concerning when we need to sell but right now since I am trying to build so just buying and buying.
Thank you so much
Stay Safe
Posted Using LeoFinance Beta
