{"id":13012,"date":"2022-04-07T00:37:44","date_gmt":"2022-04-07T00:37:44","guid":{"rendered":"https:\/\/egrowonline.com\/?p=13012"},"modified":"2022-04-07T00:37:44","modified_gmt":"2022-04-07T00:37:44","slug":"4-cryptos-to-buy-as-bitcoin-surges-higher","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13012","title":{"rendered":"4 Cryptos to Buy as Bitcoin Surges Higher"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul>\n<li><strong>1inch<\/strong> (<span style=\"text-decoration: underline\"><strong>1INCH<\/strong><\/span>) \u2013 A leading DeFi aggregator, which serves as a one-stop shop for decentralized finance investors<\/li>\n<li><strong>inSure DeFi<\/strong> (<span style=\"text-decoration: underline\"><strong>SURE<\/strong><\/span>) \u2013 With growing number of hacks and scams, the project provides much needed insurance cover for investors<\/li>\n<li><strong>Quickswap<\/strong> (<span style=\"text-decoration: underline\"><strong>QUICK<\/strong><\/span>) \u2013 As Polygon grows, the decentralized exchange will also witness upside in trading volumes.<\/li>\n<li><strong>Klima DAO<\/strong> (<span style=\"text-decoration: underline\"><strong>KLIMA<\/strong><\/span>) \u2013 Carbon credit backed tokens that provide an attractive APY on staking<\/li>\n<\/ul>\n<div id=\"2186637\" class=\"wp-caption alignnone\"><img decoding=\"async\" src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2022\/02\/cryptocurrency-black1600.jpg\" loading=\"lazy\" class=\"alignnone wp-image-2186637 size-full\" alt=\"cryptos to buy on a black background\" width=\"1600\" height=\"1067\" \/><\/p>\n<p>Source: WHYFRAME \/ Shutterstock.com<\/p>\n<\/div>\n<p>After struggling around $40,000, it finally seems that <strong>Bitcoin<\/strong> (<span class=\"crypto-ticker\"><a target=\"_blank\" href=\"https:\/\/investorplace.com\/cryptocurrency\/btc-usd\/\" rel=\"noopener\"><strong><u>BTC-USD<\/u><\/strong><\/a><\/span>) will break-out on the upside. Currently, the cryptocurrency trades above $46,000 and there are ample reasons to be bullish on Bitcoin. A rally for the leading cryptocurrency would also imply another possible bull market for altcoins. In a market that\u2019s flooded with coins and tokens, investors need to pursue significant due diligence. This column will focus on four cryptos to buy that are non-speculative projects and are worth holding for the long-term.<\/p>\n<p>Coming back to Bitcoin, El Salvador is already the first country that has adopted the cryptocurrency as a legal tender. There is also a possibility that few other smaller <a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/countries-may-next-accept-bitcoin-120030865.html\" rel=\"noopener nofollow\">countries like Cuba and Panama<\/a> will accept Bitcoin.<\/p>\n<p>The rise in geo-political tensions has also underscored the importance of digital assets. Ukraine has <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f3778d00-4c9b-40bb-b91c-84b60dd09698\" rel=\"noopener nofollow\">embraced cryptocurrencies<\/a>, more than ever before, in response to the war. Russia might also be <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/business-60870100\" rel=\"noopener nofollow\">considering accepting Bitcoin<\/a> as payments for oil and gas exports.<\/p>\n<p>Overall, it seems clear that cryptos will stay and the adoption will increase globally in the next few years. In the altcoin space, there are crypto projects that are similar to investing in an early-stage company.<\/p>\n<p>Let\u2019s discuss four cryptos to buy that can be potential multi-baggers.<\/p>\n<table style=\"border-collapse: collapse;width: 100%\" border=\"1\">\n<tbody>\n<tr style=\"height: 24px\">\n<td style=\"width: 33.3333%;height: 24px\">1INCH<\/td>\n<td style=\"width: 33.3333%;height: 24px\">1inch<\/td>\n<td style=\"width: 33.3333%;height: 24px\">$1.6820<\/td>\n<\/tr>\n<tr style=\"height: 24px\">\n<td style=\"width: 33.3333%;height: 24px\">SURE<\/td>\n<td style=\"width: 33.3333%;height: 24px\">\u00a0inSure DeFi<\/td>\n<td style=\"width: 33.3333%;height: 24px\">$0.006565<\/td>\n<\/tr>\n<tr style=\"height: 24px\">\n<td style=\"width: 33.3333%;height: 24px\">QUICK<\/td>\n<td style=\"width: 33.3333%;height: 24px\">Quickswap<\/td>\n<td style=\"width: 33.3333%;height: 24px\">$227.17<\/td>\n<\/tr>\n<tr style=\"height: 24px\">\n<td style=\"width: 33.3333%;height: 24px\">KLIMA<\/td>\n<td style=\"width: 33.3333%;height: 24px\">Klima DAO<\/td>\n<td style=\"width: 33.3333%;height: 24px\">$21.30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\tCryptos to Buy: 1inch (<span style=\"text-decoration: underline\"><strong>1INCH)<\/strong><\/span><\/p>\n<div id=\"1905845\" class=\"wp-caption alignright\"><img decoding=\"async\" src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/04\/bitcoin-bear-300x169.jpg\" loading=\"lazy\" class=\"alignright wp-image-1905845 size-medium\" alt=\"cryptos to buy A concept image with a bear figuring standing on top of crypto tokens.\" width=\"300\" height=\"169\" \/><\/p>\n<p>Source: eamesBot \/ Shutterstock<\/p>\n<\/div>\n<p>With wider adoption of cryptos, decentralized finance is likely to get bigger in the coming years. Currently, the <a target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/categories\/decentralized-finance-defi\" rel=\"noopener nofollow\">total value locked in decentralized finance<\/a> is around $190 billion. One way to benefit from the growth in DeFi is through exposure to decentralized exchanges like <strong>Uniswap<\/strong> (<span style=\"text-decoration: underline\"><strong>UNI-USD<\/strong><\/span>).<\/p>\n<p>Another good idea to benefit from the growth of DeFi is to consider exposure to quality projects that serve as DEX aggregators. <strong>1inch<\/strong> (<span style=\"text-decoration: underline\"><strong>INCH-USD<\/strong><\/span>) would top that list. It\u2019s worth noting that the token traded at highs of $8.65 in October 2021. With a downside of 77% from highs, 1INCH looks attractive for accumulation.<\/p>\n<p>The company has two key products. First, an app that serves as a tool for deepest liquidity, lowest slippage and best exchange rate. Further, the project has a wallet that\u2019s a highly protected mobile app for DeFi operations.<\/p>\n<p>Additionally, 1inch provides features that includes limit orders. It\u2019s also worth noting that the app has bridges across various chains. In simple words, 1inch is a one stop-shop for all decentralized finance traders. As DeFi grows, the trading volumes will swell on the project.<\/p>\n<p>Overall, 1INCH token looks attractive for multi-fold returns with an investment horizon of 12 months-24 months. It\u2019s among the top non-speculative projects that investors can hold in the portfolio.<\/p>\n<h3>inSure DeFi (SURE)<\/h3>\n<div id=\"2201651\" class=\"wp-caption alignright\"><img decoding=\"async\" src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2022\/03\/cryptocurrency-coins-300x169.png\" loading=\"lazy\" class=\"alignright wp-image-2201651 size-medium\" alt=\"cryptos to buy An image of different coins with cryptocurrency logos on them\" width=\"300\" height=\"169\" \/><\/p>\n<p>Source: WindAwake \/ Shutterstock<\/p>\n<\/div>\n<p>At a current market capitalization of $178 million, the <strong>inSure DeFi<\/strong> (<span style=\"text-decoration: underline\"><strong>SURE-USD<\/strong><\/span>) project is another name that\u2019s worth considering. With a significant increase in the number of hacks and scams, the project has strong utility.<\/p>\n<p>As an overview, the project claims to be the first DeFi insurance system. In order to avail the benefits of SURE token insurance, investors need to acquire the token with insurance being activated in seven days.<\/p>\n<p>There are different levels of coverage. At the most basic level, an investor <a target=\"_blank\" href=\"https:\/\/investorplace.com\/2021\/11\/7-best-cryptos-to-buy-before-2022-if-you-dream-of-getting-rich\/\" rel=\"noopener\">can hold 2,500 SURE tokens<\/a>. This provides an insurance coverage of up to $1,000 for a period of four months. At the diamond subscription level, holding 500,000 tokens would give investors a coverage of two years for a maximum amount of $140,000.<\/p>\n<p>In addition to potential for token price upside, investors <a target=\"_blank\" href=\"https:\/\/insuretoken.net\/stake.html\" rel=\"noopener nofollow\">can also stake SURE token for an APY of 60%<\/a>. For a token with a strong utility, this seems attractive.<\/p>\n<p>I am also bullish on the projects long-term plans. Through 2025, the team has guided for <a target=\"_blank\" href=\"https:\/\/insuretoken.net\/roadmap.html\" rel=\"noopener nofollow\">entry into the traditional insurance space<\/a>. This would include automobile, life, home ownership and travel insurance, among others. The project therefore has ample scope for expansion into a bigger addressable market.<\/p>\n<h3>Cryptos to Buy: Quickswap (QUICK)<\/h3>\n<div id=\"1664462\" class=\"wp-caption alignright\"><img decoding=\"async\" src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2020\/07\/blockchain_tokenization_1600_b-300x169.jpg\" loading=\"lazy\" class=\"alignright wp-image-1664462 size-medium\" alt=\"cryptostobuy An image of a hand holding a cell phone with several visualizations of digital building blocks floating above it. representing sto platforms\" width=\"300\" height=\"169\" \/><\/p>\n<p>Source: Marko Aliaksandr\/ShutterStock.com<\/p>\n<\/div>\n<p>With the massive growth in <strong>Polygon<\/strong> (<span style=\"text-decoration: underline\"><strong>MATIC-USD<\/strong><\/span>), I would not hesitate in considering exposure to <strong>Quickswap<\/strong> (<span style=\"text-decoration: underline\"><strong>QUICK-USD<\/strong><\/span>) project.<\/p>\n<p>As an overview, Quickswap is a decentralized exchange on the Polygon network. The exchange allows users on Polygon to trade through the liquidity pool.<\/p>\n<p>QUICK token had surged to highs of $1,590 in April 2021. At current levels of $226, the token seems very attractive. Currently, the project has a fully diluted valuation of $240 million. However, the total value locked on Quickswap is $896 million. This implies a fully diluted valuation to TVL ratio of 0.27. Clearly, the project seems undervalued.<\/p>\n<p>To elaborate further, Uniswap has a fully diluted valuation to TVL ratio of 4.6. On a relative basis, QUICK seems to have more upside potential from current levels.<\/p>\n<p>In addition to providing token swapping, Quickswap also has some attractive farms. Investors can deposit QUICK tokens to earn an <a target=\"_blank\" href=\"https:\/\/quickswap.exchange\/#\/syrup\" rel=\"noopener nofollow\">attractive APR on various participating tokens<\/a>. Quickswap also provides incentive for liquidity providers who <a target=\"_blank\" href=\"https:\/\/quickswap.exchange\/#\/pool\" rel=\"noopener nofollow\">can earn a 0.25% fee on all trades<\/a> proportional to their share of the pool. As trading volumes on Quickswap increase, liquidity provider returns are likely to get attractive.<\/p>\n<p>Overall, QUICK token has witnessed a significant correction from all-time highs. With renewed upside in the crypto space, it\u2019s among the top cryptos to buy for healthy returns and passive income.<\/p>\n<h3>Klima DAO<\/h3>\n<div id=\"1664459\" class=\"wp-caption alignright\"><img decoding=\"async\" src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2020\/07\/blockchain_tokenization_1600_a-300x169.jpg\" loading=\"lazy\" class=\"alignright wp-image-1664459 size-medium\" alt=\"Image of two glowing blue chains shaking hands. representing sto platforms\" width=\"300\" height=\"169\" \/><\/p>\n<p>Source: LuckyStep\/ShutterStock.com<\/p>\n<\/div>\n<p><strong>KLIMA<\/strong> (<span style=\"text-decoration: underline\"><strong>KLIMA-USD<\/strong><\/span>) token is another name among cryptos to buy with a focus on environmental change. Recently, the token touched lows of $10.7. The token has already surged by over 100% from lows. Accumulation can be considered even at current levels.<\/p>\n<p>As an overview, Klima is a decentralized autonomous organization with each token being backed by real carbon assets. As of February 2022, Klima DAO had <a target=\"_blank\" href=\"https:\/\/www.klimadao.finance\/blog\/newsletter-february-2022\" rel=\"noopener nofollow\">more than 16 million carbon tonnes in its treasury<\/a>. This had a value of $64 million.<\/p>\n<p>From an investment perspective, the DAO sells bonds and distributes profits to Klima token holders. The profits to holders come in the form of staking and rebase. Currently, Klima tokens can be <a target=\"_blank\" href=\"https:\/\/dapp.klimadao.finance\/#\/stake\" rel=\"noopener nofollow\">staked at an APY of 942%<\/a>. The minting of each KLIMA token is backed by at least one ton of carbon offsets.<\/p>\n<p>Given the aggressive dilution, there is a case for Klima trending lower. However, investors stand to gain with healthy growth in carbon tonnes and the price upside in the carbon credit market.<\/p>\n<p>Overall, Klima DAO has a vision of <a target=\"_blank\" href=\"https:\/\/www.klimadao.finance\/blog\/the-vision-of-a-carbon-currency\" rel=\"noopener nofollow\">becoming a global carbon currency<\/a>. The project seems attractive with a long-term investment horizon.<\/p>\n<p><em data-renderer-mark=\"true\">On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the\u00a0<a target=\"_blank\" class=\"sc-eHgmQL jxCPuk\" title=\"http:\/\/InvestorPlace.com\" href=\"http:\/\/investorplace.com\/\" data-renderer-mark=\"true\" rel=\"noopener\">InvestorPlace.com<\/a>\u00a0<a target=\"_blank\" class=\"sc-eHgmQL jxCPuk\" title=\"https:\/\/investorplace.com\/corporate\/investorplace-publishing-guidelines\/\" href=\"https:\/\/investorplace.com\/corporate\/investorplace-publishing-guidelines\/\" data-renderer-mark=\"true\" rel=\"noopener\">Publishing Guidelines<\/a>.<\/em><\/p>\n<div class=\"ipm-author-short-bio\">\n<p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.<\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/investorplace.com\/2022\/04\/4-cryptos-to-buy-as-bitcoin-surges-higher\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1inch (1INCH) \u2013 A leading DeFi aggregator, which serves as a one-stop shop for decentralized finance investors inSure DeFi (SURE) \u2013 With growing number of hacks and scams, the project provides much needed insurance cover for investors Quickswap (QUICK) \u2013 As Polygon grows, the decentralized exchange will also witness upside in trading volumes. Klima DAO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,453,880,298,1731],"class_list":["post-13012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-buy","tag-cryptos","tag-higher","tag-surges"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/cryptocurrency-black1600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13012"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13012\/revisions"}],"predecessor-version":[{"id":13014,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13012\/revisions\/13014"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/13013"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13012"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}