When it comes to crypto investments on the market dip, it is important to pay attention to the following characteristics:
- market capitalisation;
- technology and applications;
- price chart.
A price chart can show you how the asset reacts to different market fluctuations. The technology underlying the asset helps to understand where the product is used and what role the coins play in it, what are the use cases, etc.
Market cap is the indicator demonstrating the dominance of the asset over other coins in the market, so the higher this indicator, the less sensitive the asset is to different market trends and changes.
Large-cap coins such as BTC and ETH are the most resistant towards market jumps. Low-cap coins are the most sensitive to every market movement. Middle-cap coins are those having a cap between $2 and $10 billion. They have room for growth and have good chances to multiply their value during the next market bull trend. At the same time, they are not too sensitive to market drops. So mid-cap assets are a good pick for investment in December 2022, for they have good chances to skyrocket in 2023. An example of such assets is the Chainlink crypto.
What is Chainlink?
From the name, it becomes clear that this project links something. The LINK crypto is bridging non-blockchain companies with cryptocurrencies, offering the following benefits:
- connecting real sector enterprises with blockchains such as Ethereum and Solana;
- secure and decentralized platform;
- a platform for developers of games;
- data transfer between different networks;
- based on smart contacts execution.
Chainlink is a worthy crypto to buy in December 2022. Experts believe the LINK crypto rate can grow to about $88,97 in 2028. It would be a good idea to buy this asset at $6.57 in December 2022 and hold it long-term in your investment portfolio.
You can buy LINK coins on the WhiteBIT platform. It is a reliable cryptocurrency exchange complying with all regulator’s requirements that works under European jurisdiction. Take a look at its blog and official website to learn more about the trading options it offers.