VET - My 3 Top Cryptocurrencies to Buy in May
The whole "buy low, sell high" thing sounds great. However, in practice, it's really not that easy to invest in assets that are falling in price. Many have said that the markets for risk assets are among the markets investors tend to avoid when things go on sale. However, in this macro-environment, this appears to be increasingly true.
There's reason to be bearish on higher-risk growth assets right now. Whether it's cryptocurrencies , tech stocks, or any other asset that relies on future prospects, higher discount rates and more expensive borrowing rates make for less cheap capital flowing in the system. Cryptos that have relied on such a deluge of liquidity in recent years to surge as high as they have are clearly at a disadvantage.
That said, there are some high-quality crypto projects that are getting thrown out with the bathwater right now. Among the three tokens I've got on my buy list right now are Solana (CRYPTO: SOL) , Avalanche (CRYPTO: AVAX) , and VeChain (CRYPTO: VET) . Here's why I think investors may want to give these tokens a hard look right now.
For further details see:
My 3 Top Cryptocurrencies to Buy in May