DeFi dips top coins to buy while the price is low

DeFi dips top coins to buy while the price is low

Crypto assets have lost a lot of value over the past week, but they are starting to gain value again. So, smart investors will keep an eye on the market to find the best times to buy when the price goes down. Looking for a safe crypto trading platform? Then check out https://bitcoins-evolution.com/

As an example, you could find similar opportunities in the Defi industry. Almost all Defi coins are almost worth now. Look at the top three options below:

1. Uniswap (UNI)

Over the past week, Uniswap (UNI) has lost more than 25% of its value. Since 2022, when it was at its highest point, the DEX has also gone down a lot. In fact, UNI is almost three times cheaper now than it was just a few weeks ago.

Uniswap is the most popular exchange overall and the most popular decentralized exchange (DEX) for Ethereum. When it comes to the value it could bring over time, it has no equal.

2. The Convex Finance Group (CVX)

One of the most important liquidity protocols in the cryptocurrency market is called "Convex Finance" (CVX). Total Value Locked is getting close to $6.6 billion at this point. People can only put cash into it and get more benefits in return. But the price of CVX's shares has dropped by about half in the last week. It's a good idea to buy this DeFi dip because it will save you money.

3. Year's Economic (YFI)

The value of The Year's Economic Yearn Finance (YFI) has dropped so much that it is no longer in the top 100 most valuable cryptocurrency projects. The coin lost about 35 percent of its value in a week. On the other hand, YFI has a good reputation in the market and has a number of great investors backing it up. It won't be long before things get better for good.

Some coins, like Defi, can only be bought with another coin. This means that a decentralized exchange is the only place where you can buy them. Before you can buy Defi, you'll need to get some Ethereum (ETH), which is the only currency that can be used to buy it. You'll need something called a "self-custody wallet" to do this.

How to use the Coinbase Wallet.

1. Download and install the Coinbase Wallet app on your device.

You need a self-custody wallet, as the one Coinbase Wallet gives you, to buy Defi. Both a mobile app and a browser plug-in can be used to access the Coinbase Wallet. You can get the Coinbase Wallet by clicking on this link.

2. Give your account on Coinbase a name.

When you first set up your Coinbase Wallet, you'll be asked to pick a username. If you tell other Coinbase Wallet users your username, they will find it easy to send you cryptocurrency. You can keep your username secret if you want, but anyone who wants to use your account will need to know it.

3. Make sure you have a safe place to keep your recovery phrase.

When you make a new self-custody wallet, you'll get a recovery phrase made up of a dozen random phrases that have nothing to do with each other. Your recovery phrase is the key to your encryption, so if someone knows it, they can get to the information you've locked away.

4. Learn about the costs of using the Ethereum network and be ready for them.

Fees could be different depending on how complicated the transaction is, how busy the network is, and how quickly you need it processed. Set some of the money aside to pay the fees.

5. Get some Ethereum and have it sent to your Coinbase wallet.

Before you can buy Ethereum, you'll need to make a Coinbase account if you don't already have one (ETH). Read this article to find out how to open a Coinbase account and buy Ethereum (ETH). Depending on whether you use the mobile app or the Chrome extension, getting ETH into your Coinbase Wallet will be done in a different way. By default, the mobile app is the one to choose.