3 Cryptocurrencies Trading at an Even Bigger Discount Than Bitcoin

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Written by Daniel DaCosta at The Motley Fool Canada

There is no doubt that there are serious bargains in the cryptocurrency industry, with Bitcoin (CRYPTO: BTC) being one of them. However, if you are looking to take advantage of the recent selloff and buy the dip, there are cryptocurrencies that offer even more growth potential than Bitcoin and are trading at an even deeper discount.

With so many cryptocurrencies to choose from, it can be difficult to decide which cryptocurrencies are best to buy. So, as long as you find projects that you think users will enjoy and can grow in popularity, it should be a great investment to buy and keep for the long term.

A great example would be a popular money-making video game. If you discover a game that is fun, with a strong community, and a scalable model that can make big money for investors, then the game should have years of growth potential.

Another example could be a popular decentralized exchange, allowing investors to participate in Challenge. Or maybe it could be a new blockchain that offers the same level of security and decentralization as existing blockchains but with improved scalability.

So if you are looking to take advantage of the discount on Bitcoin and the rest of the cryptocurrency industry, here are three of the best to buy today.

Uniswap

Uniswap (CRYPTO:UNI) is the first decentralized exchange on Ethereum (CRYPTO:ETH). The DeFi protocol not only allows users to trade hundreds of cryptocurrencies, but since it acts as an automated market maker, users can also bring in their cryptocurrencies to provide liquidity. These liquidity pools then pay a percentage of the trading fees back to users who have invested their capital.

This is essentially how DeFi works, and as the industry grows in popularity, naturally, so does Uniswap. And while Bitcoin is down about 37.5% from its all-time high, Uniswap is down 65%.

Moreover, with the potential of DeFi and the fact that Uniswap already has such a dominant position in the Ethereum ecosystem, it might even offer more growth potential than Bitcoin.

So if you’re looking to buy the dip and find high-quality cryptocurrencies to buy today, Uniswap is one of the best to consider.

Decentralized

Decentralized (CRYPTO:MANA), one of the best cryptocurrencies to buy if you want exposure to the metaverse, is another high-quality investment to consider today.

Decentraland is also much lower than Bitcoin, with its price trading at around half of its all-time high. This creates a great opportunity for long-term investors, especially if you’re optimistic about the potential Decentraland’s metaverse offers.

Decentraland allows users to create tons of unique experiences, challenges, or products within its virtual world. And these products can not only be sold once, but can generate royalties for the creators each time they are sold additionally.

Virtual worlds are growing in popularity. But now, with the potential to earn from cryptocurrency, they are among the best projects to invest in.

So, with Decentraland trading at an even deeper discount than Bitcoin today, it’s surely just one of the best cryptocurrencies to buy right now.

Tezos: a blockchain competitor to Bitcoin

The latest high-potential cryptocurrency trading even cheaper than Bitcoin is Tezos (CRYPTO:XTZ), a smart-contract-enabled blockchain that was designed to upgrade itself.

This is a crucial development for Tezos, as blockchain technology upgrades are quite common, especially as they evolve and run into issues as they grow. It also allows the cryptocurrency to avoid hard forks as consensus for an upgrade can be reached by XTZ holders voting on it.

Tezos has now partnered with several Formula 1 teams, several banks, a ride-sharing company and a casino, as more and more organizations recognize its significant potential.

So, if you’re looking for high-quality cryptocurrency trading at a bigger discount than Bitcoin, Tezos is one of the best to consider.

The post office 3 Cryptocurrencies Trading at an Even Bigger Discount Than Bitcoin appeared first on Motley Fool Canada.

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Dumb contributor Daniel Da Costa owns Decentraland and Ethereum. The Motley Fool owns and recommends Bitcoin, Ethereum and Tezos.

2022

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