Best cryptos to buy this winter

Cryptocurrencies have had a long crypto winter in 2022 as concerns about the industry continue. In total, crypto prices have plunged by more than 60% in 2022, shedding over $2 trillion worth of value. Bitcoin has slipped to $17,000 while the FTX Token has become worthless. Here are some of the best cryptos to buy this winter.

GMX

GMX is one of the fastest-growing players in decentralised finance (DeFi). It is a platform that makes it possible for people to trade cryptocurrencies and perpetual contracts in a decentralised manner. 

Many traders prefer GMX because of its significant speed and lower costs since it is built on top of Arbitrum and Avalanche. Therefore, as concerns about centralised exchanges grow, there is hope that most investors will start to embrace DEXs. If this happens, GMX will likely be one of the top platforms to watch.

GMX has seen the total volume locked (TVL) jump to an all-time high of almost $1 billion. At the same time, GMX price has soared to the highest level in months. Therefore, there is a likelihood that the token will continue rising as a rotation to DEXes continue. 

How to buy GMX

dYdX

dYdX is another leading DEX that provides a simple-to-use platform where users can buy and sell cryptocurrencies. It handles hundreds of millions of dollars on a daily basis, making it one of the biggest exchanges in the world. Like GMX, the total value locked (TVL) in dYdX has risen to more than $440 million.

There are two main reasons why the dYdX is a good crypto to buy in Winter. First, the network is building its dYdX chain on Cosmos. The token could rise on hopes of more activity in the protocol. Second, dYdX price will likely rise as activity in the network increases.

How to buy dYdX

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DYDX with eToro today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy DYDX with KuCoin today

Ethereum

Ethereum is another top crypto to buy in Winter. A closer look at ETH price chart shows that the coin has managed to stay afloat above $1,000 during the ongoing crypto winter. This is a bullish factor. At the same time, the network will launch its next upgrade in Q1’23. This upgrade will unlock the funds that have been staked in the network.

Further, Ethereum remains the biggest player in all industries, including DeFi and Non-Fungible Token (NFT). Therefore, there is a likelihood that the coin will bounce back in the coming months.

How to buy Ethereum

How to buy GMX

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ETH with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy ETH with OKX today

The post Best cryptos to buy this winter appeared first on CoinJournal.

Dogecoin loses $0.09. But watch for this bullish signal when the daily candlestick closes

  • Dogecoin has lost 15% in the week amid a bear market

  • The lack of positive fundamentals has been ailing the meme cryptocurrency

  • DOGE will confirm a bullish reversal if the candlestick closes above $0.09

If you have been eyeing buying Dogecoin (DOGE/USD), you are probably not sure whether to anymore. A weekly loss of 15% makes DOGE the biggest loser among the top 10 ranked cryptocurrencies. It could be a little more troubling, especially since DOGE has fallen below $0.09. It is a crucial support that bulls could have been eyeing to buy DOGE on a retracement. But we believe DOGE is not bearish yet.

Fundamentally, we remain sceptical of DOGE as the meme token lacks key bullish triggers. Initially, DOGE was gaining on prospects of an announcement as Twitter’s payment medium. The speculations have since cooled down as Elon Musk is still yet to give an official indication or throw a joke around the topic. The large decline in DOGE’s price reflects investors’ potentially exiting positions on the lack of positive cryptocurrency news. With the bear market continuing, it makes sense to expect DOGE to decline too.

Technical analysis of DOGE as price slides below support

BNB/USD Chart by TradingView

Turning to the technical side, DOGE is trading at a make-or-break level. The MACD shows a weak and bearish momentum, although the indicator remains above the neutral zone.

Despite breaking below the $0.09 support, buyers resist a drop below $0.084. DOGE can confirm a bullish reversal signal through a pin bar if the daily candlestick closes above $0.09.

Is DOGE about to become bullish?

From the technical analysis, Dogecoin can go either way. A bullish pin bar at the $0.09 support could allow bulls to take control of the cryptocurrency and push it back to $0.11. 

On the flip side, if the daily candlestick closes below, we need further price action. Bears may take control in the bear scenario and take DOGE lower. The price of around $0.07 would remain in sight.

Where to buy DOGE

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DOGE with eToro today

The post Dogecoin loses $0.09. But watch for this bullish signal when the daily candlestick closes appeared first on CoinJournal.