Sean Benson suggested the top 4 coins to buy during the dip that will grow
The cryptocurrency market continues to fall and there are many fears in the room. Distinguished analyst Sean Benson recommended buying 4 cents in a crash that will explode in 2022.
Terra is a blockchain project developed by Terraform Labs that powers the startup’s cryptocurrency and financial applications. These cryptocurrencies include the Terra US dollar or UST, which is pegged to the US dollar through an algorithm.
UST is a stablecoin, and the more demand for UST, the more LUNA is burned. Thus, they maintain a balance between them.
When owners own a decentralized stablecoin, they don’t have to worry about environmental or government impacts. The risk is that a government agency will bankrupt it and take all the money, or a private company will root out anything that could happen. LUNA can eliminate these risks. For this reason, Sean believes that this is a very bullish trend for LUNA in the long term.
Another important influence on the LUNA price is that the more investors are involved in a bull cycle, the higher the demand for stablecoins. LUNA has great potential and great growth opportunities in 2022. The price will range from $ 300 to $ 400. At the time of writing, LUNA is changing hands at $ 59.8.
LUNA diagram | Source: Coinmarketcap
According to Coinmarketcap, the market capitalization is only about $ 22 billion, and by the end of the cycle could exceed $ 100 billion.
The second coin that could go up a lot in 2022 is Enjin.
Enjin is an experimental development platform that integrates adaptive sports mechanics into the blockchain. Enjin bridges the gap between the two ecosystems with a revolutionary protocol that allows game developers to integrate outputs from non-blockchain protocols into blockchain-compatible data.
Enjin is software that allows developers to create virtual in-game items on Ethereum. Enjin is one of the faces of the crypto game. If traders believe the crypto game will do well in 2022, they should have an ENJ. Enjin changed the rules of the game by developing a kind of NFT.
They have an in-game Enjin launch pad and a Metaverse launch pad. This is another reason why Sean thinks this coin will be very bullish.
ENJ has a market cap of around $ 2 billion, with great potential for smart contracts, Enjin still has room to grow.
The next coin on the list is Cardano. Cardano has been caught in the past few months since smart contracts were posted on the platform.
Smart contracts do not have all the features that Binance claims. Projects can connect to the wallet and do whatever they want online. Then they start. The first ERC-20 converter on the Cardano testnet.
The ADA token will be in great demand for all projects that buy it to provide liquidity. We will see a lot of ADA pop-ups.
People will start buying ADA and projects will start online. Because of this, the ADA price will rapidly approach the next target price.
The last coin Sean mentioned is the polygon. Polygon (formerly Matic Community) is the first easy-to-use, well-structured platform for scaling and evolving Ethereum infrastructure. Its main component is the Polygon SDK, a flexible modular structure that supports the creation of many types of applications.
During the summer, Polygon trades at a dollar or less, around $ 0.6, 0.7. It passed briskly and at the time of publication is still at the upbeat level at $ 1.90. In 2022, Polygon will continue to be optimistic about the huge transaction costs on Ethereum. It will be very expensive and it will take too long to go through the entire first Ethereum layer. Polygon’s mission is to offload Ethereum and complete transactions on its sidechain.
MATIC Chart | Source: Coinmarketcap
MATIC will rise in price, like NFT and other consumer crypto products. In addition, the gaming industry will continue to gain traction in 2022. Ethereum will benefit the most from this, as this is where many of the NFTs are implemented.
The network will increase the number of transactions, and higher Ethereum fees will lead to a higher MATIC price as users seek alternatives and the polygon is pumped over.