DeFi dips: choice coins for investment in dip season

With cryptocurrency still recovering from significant losses last week, eager investors will be scouring the market for the best bargains.

One location where such possibilities exist is on DeFi. The majority of DeFi coins have significantly dropped. Here’s why buying now is the greatest opportunity:

  • In the near term, DeFi will almost certainly rebound.
  • The future of blockchain technology lies in decentralized finance.
  • Dips are a fantastic time to acquire at a bargain. They provide investors with the ideal opportunity to invest in DeFi projects at reduced costs.
  • Dips are a great opportunity to buy low and sell high.
  • Cryptocurrency is still in its infancy, this means that there is a lot of growth potential.
  • DeFi projects are at the forefront of this growth and are thus excellent investment opportunities.

As a result, there are numerous excellent dips in the DeFi sector to capitalize on. The following are the top three:

Uniswap (UNI)

UNI has lost over 25% of its value in the previous seven days. The DEX’s 2022 highs have also resulted in considerable losses. UNIs price is now almost three times lower than it was a few weeks ago.

Data source: Tradingview

Despite the recent dip, Uniswap remains one of the most popular DeFi protocols. The platform allows users to trade ERC-20 tokens and is integrated with numerous wallets.

Moreover, Uniswap has strong fundamentals. The project recently launched v3 which includes numerous improvements such as increased liquidity and gas optimization.

Therefore, UNI is a great choice for those looking to invest in dips. The token is currently trading at $23.24 and has a market capitalization of $4 billion.

Convex Finance (CVX)

Convex Finance (CVX) is one of the most liquid crypto finance protocols. So far, the project has nearly $6.6 billion in Total Value Locked up.

It simply enables users to deposit liquidity and receive improved rewards. CVX, on the other hand, has dropped by around 50% in the last seven days.

This discount makes it an excellent purchase for DeFi dip buyers. The token is currently trading at $2.44 with a market capitalization of $4 billion.

Yearn Finance (YFI)

The cryptocurrency Yearn Finance (YFI) has fallen out of the top 100 most valuable crypto projects.

The coin has tumbled nearly 35% in a week. YFI is supported by some outstanding investors and has a solid track record in the market. It’s simply a question of time before it fully recovers.

Dip buyers should also consider (YFI). YFI is the governance token of the Yearn Finance ecosystem.

The project has $5 billion in Total Value Locked and offers a suite of yield-generating products that allow users to optimize their earnings. YFI tokens are currently trading at $32,770 with a market capitalization of $4.6 billion.

Hedge Token (HDG)

Hedge Token has been one of the most popular Altcoins in recent months. The project focuses on bringing stability to the cryptocurrency industry by allowing users to hedge their assets. Despite the current market conditions, Hedge Token is up over 6% in the last seven days.

The token is currently trading at $0.42 with a market capitalization of $17 million.

Nexo (NEXO)

Nexo is a crypto lending platform that allows users to collateralize their digital assets and receive instant loans.

The project has dropped out of the top 100 most valuable crypto projects but remains a firm favorite among investors. Nexo is down around 27% in the last seven days.

While there are numerous choices for DeFi dips, these three stand out as some of the best options available right now. So, if you’re looking to buy the dip, be sure to keep an eye on UNI, CVX, and YFI.