2023-07-25
Dollar-cost averaging is when you
invest similar amount of money into the same asset every month. It works like a
fixed deposit.
Dollar-cost averaging will make you gradually
accumulating cryptocurrencies using money from your monthly income.
Buy cryptocurrencies that you
understand and confident that they can perform well in long-term.
1. Bitcoin
Bitcoin will protect your portfolio. Bitcoin
will always hold its value. It is the world’s first cryptocurrency and it has
limited supply. The best time to dollar-cost average BTC is during the
downtrend because Bitcoin has large market cap.
2. Ethereum
Ethereum will also protect your
portfolio. It is the most popular smart contract cryptocurrency. Ethereum will
always hold its value. The best time to dollar-cost average ETH is when ETH
price is downtrend because it has large market cap.
3. Solana
Solana wants to compete with Ethereum.
It has strong ecosystem. It solves Ethereum’s problems. Solana has near zero
transaction fees and focus on speed. It can process 65,000 TPS. It built from
the group up, Solana uses Rust as its programming language. Solana has good
adoption. It is the second most popular blockchain for NFTs.
Solana fully diluted market cap is 18.5
times smaller than Ethereum and it still has a room to grow. The best time to dollar-cost
average SOL is when BTC and ETH price are overvalued. You can diversify your
portfolio by buying SOL.
4. Polygon
Polygon has a very good a adoption.
Polygon PoS chain supports both MATIC and ETH as a layer 2 solution. Polygon
zkEVM bring Ethereum dApps to its ecosystem but at a really low gas fee. MATIC will
change into POL in the future. POL can be used for staking and governance on
all Polygon blockchains. Polygon can be dollar-cost average during any time. It
has strong adoption, good technology, and fair price.
5. Litecoin
Litecoin has limited supply. Its market cap is 87 times smaller than
Bitcoin. LTC should be dollar-cost average during its downtrend. Litecoin represents itself as a digital silver.
Whereas, Bitcoin is a digital gold.
6. Polkadot
Polkadot is a third generation
blockchain. It has a very good architecture. It focuses on speed, security,
scalability, and decentralization. Kusama is Polkadot’s sister chain. It allows
developers to test their ideas on Kusama. If their ideas work well, they can go
to slot auctions and deploy those dApps on Polkadot. However, Polkadot is still
struggle with adoption because it faces many competitors. Due to its
well-design architecture, you can do a research on Polkadot. Having some exposure on DOT token is not a bad
thing.
7. Avalanche
Avalanche is EVM compatible blockchain.
So, it’s an Ethereum at a much cheaper price. AVAX also has limited supply.
8. Chainlink
Chainlink is the leader for Oracle
blockchain. Oracle tracks real world data and record them into blockchains.
Chainlink also have interoperability protocol called CCIP that allow users to
transfer tokens cross-chain. Chainlink is an infrastructure that crypto economy
needs.
9. Near Protocol
Near Protocol fully diluted market cap
is $1.375 billion, making it undervalue. It is one of the most undervalue smart
contract cryptocurrency. Near can be programmed in Rust which is easier to build
dApps. It uses sharding technology to process large number of transactions. A
lot of Venture Capital firms support Near to develop its blockchain.
