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Unlike regular Proof of Stake (POS) protocols, users are free to spend their staked tokens, making ALGO more attractive than coins like Cosmos (CCC: ATOM-USD). Algorand runs on a Pure Proof of Stake (PPOS) protocol, distributing voting power across its holders. But as the Bitcoin shakeout continues, that will change. ItвЂ™s well run and astonishingly well constructed, yet its older and younger siblings still get all the attention. Those looking for a cheaper alternative to Solana should consider my darkhorse favorite:ДЄLGO is much like the talented middle child in an overachieving family. Though BitcoinвЂ™s fall could prove temporary, LUNAвЂ™s position as a proxy for stablecoin demand makes it a reduced-risk cryptocurrency to buy on the dip. In other words, LUNA gains even as investors rush out of riskier assets. HereвЂ™s the trick: as arbitrageurs send in their Terra for arbitrage rewards, the system essentially burns the tokens and raises the price of LUNA instead. Market capitalizations of the largest-3 have grown 5% in the past week even as crypto markets have shrunk by 12%.

That has made LUNA a clear cryptocurrency to watch.Д«itcoinвЂ™s recent fall created a gold rush into UST and other stablecoins for the lower-risk staking rewards they offer. If prices of dollar-linked TerraUSD (CCC: UST-USD) begin to rise due to demand, arbitrageurs can trade in TerraВ to cap USTвЂ™s rise, earning small profits in the process. Rather than backing its stablecoins with assets (which can easily be faked), the firm uses a mechanism to shift volatility to the Luna cryptocurrency. Terraform Labs is an ecosystem of stablecoins with a twist. With crypto prices in freefall, LUNAВ (CCC: LUNA-USD)В could unintuitively go up as investors pivot to safer assets. IвЂ™ve written about this game-changing cryptocurrency before. Though investors can earn some staking rewards, the value of Ethereum comes from its future potential, rather than its earnings power.Д«ut for those looking to get started with crypto investing, Ethereum provides a balanced risk-to-reward payoff that many other coins lack. Ethereum still produces no revenue or dividends. Memories of the 2018 crash should still reverberate in any experienced traderвЂ™s mind. ETH wonвЂ™t be immune from a wholesale crypto selloff. ETH was in the $1,000 range when I picked it as a top 2021 coin to buy its present $500 billion market capitalization makes it a far riskier gamble. Now, there are admittedly some downsides to buying Ethereum above $4,000. Many of the crypto tokens investors take for granted - Tether (CCC: USDT-USD), Shiba Inu (CCC: SHIB-USD), Coin (CCC: CRO-USD) and Decentraland (CCC: MANA-USD) - all run on the Ethereum network. Its latest, a вЂњ2.0вЂќ version, is an energy-efficient вЂњProof of StakeвЂќ (PoS) protocol that puts ETH on the same level of energy efficiency as CardanoВ (CCC: ADA-USD)В and Solana (CCC: SOL-USD). EthereumвЂ™s community of developers has continued to push forward with upgrades. Though the market will surely cool in the coming years, Ethereum currently supports 99% of these NFTs, giving it an almost unstoppable head start. NFTs have gone from a fringe interest to an acceptable medium for tracking digital art. There are three critical reasons investors believe ETH is here to stay. Now that its price has fallen from a peak at $4,858, EthereumВ (CCC: ETH-USD)В offers long-term buyers a chance to get in at a more reasonable value. 1 crypto pick for 2021 has survived an unending onslaught of вЂњEthereum Killers,вЂќ вЂњTaper TantrumsвЂќ and Bitcoin wobbles to become one of the yearвЂ™s best-performing mega-cap cryptos.

So is there ever a reason to buy any cryptocurrencies on the dip?

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You donвЂ™t want to be left holding the bag, whether itвЂ™s full of Beanie Babies or Cryptoblades (CCC: SKLZ-USD). That tendency to self-fulfill prophecies is a big part of why my Momentum Master strategy explicitly sells meme coins during declines and stays out until prices start to rebound. Prices can quickly go to zero because coins oftentimes only have value because people think they should.

Older investors will remember the dot-com bubble fallout when Amazon (NASDAQ: AMZN) stock went from over $100 to $20вЂ¦ then continued falling to $6.Д¬rypto investors however, have it the hardest.

Growth investors meanwhile, will likely recoil at the phrase.

ItвЂ™s reason enough to stop by a store for party balloons and cheap champagne. To them, Walmart (NYSE: WMT) dropping to $75 isnвЂ™t just a buying opportunity.

Value investors will lick their lips at the thought.

Source: Catalyst Labs / 3 Cryptocurrencies to Buy the DipДЇew Wall Street idioms are as polarizing among investors as this:

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