The past few days have been a bloodbath of FUD surrounding the Asian crypto markets. When every coin is on sale for a huge discount, which ones should you scoop up?
There are several different approaches. This article will focus on the utility approach.
Some investors may want to move towards coins with a higher degree of utility. Cryptocurrencies that have practical applications will be able to weather the storm and make a comeback. When you see these utility coins go down, it may be the perfect time to buy.
Binance Coin (BNB):
Everyone who trades on Binance will need to have some BNB in order to get 50% off their commission fees. When trading on the Binance exchange platform, users have the option to pay their fees using Binance Coin rather than lose a percentage of whichever coin they are trading. This real-world use makes BNB a coin that people will need whether they are panic selling during a dip or FOMO buying back in when the price inevitably rises.
KuCoin Shares (KCS):
KuCoin Shares are like Binance Coin except they are used on the up-and-coming KuCoin exchange. KCS is interesting in that holders of the coin get paid dividends based on how many they own. Half of the money that is collected from trading fees on the KuCoin exchange is paid back to owners of KuCoin Shares via daily bonuses. A crash can be a good opportunity to increase your holdings of KCS in order to maximize your daily bonus rewards.
Dent (DENT):
This ERC-20 token looks to be a top performer for 2018. It is one of the few cryptos that has a working product, rather than just a whitepaper full of promises. Dent released a mobile app on iPhone a few weeks ago and is set to release the android app in February (price spike soon?). The app allows users to exchange Dent tokens for mobile data as well as send their unused data to others worldwide. You can also earn data by watching ads. This will later be expanded to allow users to buy and sell data on an open Dent exchange. Big names like AT&T and Verizon are already on board. This under-the-radar utility coin has the potential to be a Top 20 coin this year so this recent crash might be the perfect time to stock up. To purchase Dent simply visit the KuCoin exchange.
