Why buying crypto during crisis George Galoyan, founder | DAO.vc — Announcements
Why buying crypto during crisis
George Galoyan, founder and CEO at DAO.vc, recommends buying Bitcoin [BTC] and Ethereum [ETH] right now when the price of these coins has almost reached its minimum. The crisis can be the best time to profitably purchase such assets.
High volatility has always been a cornerstone of cryptocurrencies not secured by assets, therefore, their current downfall is not a surprise. In 2018, Bitcoin reached the price of $19 783 and then dropped to less than $3300. This depreciation became even more dramatic than the one happening over the last 6 months. Those who managed to buy Bitcoin at the price of about $3300 can benefit from its 2000% leap up to more than $64 800 for the coin!
The current price of cryptocurrencies dropped to new minimums of 2022 since investors had been getting rid of risky assets in response to high inflation. Despite the fact that Bitcoin has gone down by 50% since the beginning of the year, experts predict it to reach $100 000 — it is just a matter of time.
Ethereum, the second largest cryptocurrency, has also reached its new historic maximum at the end of the last year and then has fallen below $900 in June, the lowest level since the beginning of 2021.
According to experts, this number can depend on the success of a large-scale update of Ethereum planned for September 19. Ethereum transfers its technology to a less energy-intensive version. The update is also expected to make the network more efficient, fast, and cheap to use. In 2022 Ethereum can exceed the mark of $4000 and may even go up to $12 000.
Now is the best time to but the DAO.vc tokens
The market is sure to subside significantly. Nevertheless, there are clear factors that suggest the stability of the DAO.vc project and the perspectives for growth, and consequently, the increase of token price in the future:
the DAO.vc ecosystem is developed, firm, and constantly grows together with its partners;
the main product is close to the release stage;
the product is innovative and has great marketing potential;
a strong core team is time-tested and has already proved its ability to work even under complicated circumstances;
the project has already attracted interest from grant programs, and more.
DAO.vc tokens are available on such exchanges as Uniswap, PancakeSwap, BitMart.
