It's that time of the year again when speculation runs rampant in the crypto world. After months of a bear market the speculation regarding when the next bull run will be and which cryptos will be best positioned to take advantage of it. Historically when Bitcoin has a bull run the whole market follows, and with the past bull runs of 2013, 2017, and 2021 each followed by a "crypto winter" months after seeing Bitcoin reach record highs we find ourselves waiting to see what will happen next.
Many analysts believe this is the best time to buy and hold cryptos long-term before the prices slowly start to climb ahead of the next set of bull runs. Today we are looking at three cryptos you should consider adding to your portfolio.
Gorilix is another cryptocurrency that's been gaining popularity; it is a utility token that can be used to purchase goods and services on the Gorilix platform. The Gorilix platform is a marketplace that allows users to buy and sell digital products and services. SILVA has already seen strong growth in Summer 2022, rising over 215%. If that doesn't make you want to invest, then maybe the benefits will. Gorilix gives the power of defi banking back to the people allowing anyone with a smart device to save, lend or borrow ERC20 tokens. With many tokens now being ERC20 based, it provides customers with a unique opportunity to earn interest on tokens they hold. If customers lend or save these tokens, they will be rewarded with interest paid in SILVA tokens which is Gorilix native token. Given its utility and strong performance so far this year, Gorilix could be a good option for those looking to invest in a promising cryptocurrency.
To buy your SILVA tokens or learn more about Gorilix DEFI, visit https://gorilix.io.
Bitcoin is the OG cryptocurrency and still the most well-known. In 2013 Bitcoin rose from $150 to $1000 in just two months and ever since then the price of Bitcoin has continued to rise with a few crashes along the way. Since 2013 Bitcoin has had two major bull runs, reaching highs of around $20,000 in December 2017 before crashing back down to below $3,236 by December 2018. Bitcoin then slowly began to creep back up again and reached new all-time highs of over $68,000 in November 2021and has now crashed again with its current value hovering between $20,000 and $22,000. Bitcoin is often seen as a safe haven asset and has been among the best-performing assets in recent years. While it's impossible to predict where Bitcoin will go next, it could be worth holding onto some Bitcoin it has been predicted that the next big bull run could see Bitcoin break the $100,000 barrier. So, while you may be hesitant to purchase cryptocurrency right now, it may be the best time to invest if the next boom follows the same pattern of recent years, you will be regretting not buying at the crash.
Polkadot is a relatively new cryptocurrency that's been gaining a lot of traction in recent months. Polkadot aims to integrate the various blockchains and has continued to benefit from any booms due to its interconnectivity. DOT already saw impressive growth in 2021, rising from around $11 at the start of the year to highs of over $40 in April. While Polkadot isn't as well-known as Bitcoin, it could be a good option for those looking to invest in a promising up-and-comer.
So, there you have three cryptos to keep an eye on in the months ahead. Bitcoin, Polkadot, and Gorilix all have their unique benefits and could be worth investing in before the next crypto boom does materialize.
To buy your SILVA tokens or learn more about Gorilix DEFI, visit https://gorilix.io.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.