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Writer's pictureDennis Downs

Top 5 Picks Of The Week (20th May)

Well that was unexpected....this week's crash definitely came as a surprise to most, but some were on the ball and had called it weeks earlier, one person in particular, with great detail. This 4chan user claimed to work for an overseas firm who had planned to crash Bitcoin to at least $30k to liquidate a competitor and once that had happened, they would be going all in on the crypto giant, bringing large green lights across the board. So what does this mean for us? BUY!! Investors the world over are going nuts buying up any crypto they can get their hands on, they don't want to be caught short handed when the prices go haywire, and neither should you. Remember, you haven't lost until you sell and if you've followed the golden rule of investing "Only invest what you can afford to lose", then it shouldn't matter if you're at a loss right now and you can afford to hold through the dip and hopefully buy more while prices are so cheap. So what should you look into right now?


~ElonGate (ELONGATE)- What started off as a joke has now become the largest and fastest growing charity coin in crypto. In their first month, ElonGate were able to donate $1MILLION to various charities and to date have given away close to $2.5MILLION. They have massive ambitions that include opening their own hospitals in the far future. At one stage I had made 1500% on this investment and it is now down to double what I had invested, I really do believe in this project and it's a great cause so I highly suggest you check them out and decide for yourself.


~Ethereum (ETH)- We all know that Ethereum is a huge player in this game and it's here to stay and here to compete, percentage wise, Ethereum outperformed Bitcoin in this entire bull run, so you can bet your bottom dollar that it'll do it again, and again. The price for this coin now vs a few days ago is absolutely absurd and we don't expect it to stay that way for very long at all.


~Enjin (ENJ)- We've talked a lot about Enjin here and for good reason, it's the top gaming and NFT coin of the entire market and the ONLY gaming coin available in Japan.....where the majority of games come from.... Not only this but their goal of a unified gaming multiverse is a dream of almost every gamer. Enjin's price fell quite dramatically and recovered very well, very quickly, which tells me that a lot of people have this coin on the radar and are ready to buy any time it drops. This is still an amazing opportunity to buy, under half the price of it's ATH could see incredible returns.


~Dent (DENT)- Almost 300% under it's high of this bull run, if Dent has done nothing else, it's surprised us. We've been long term holders of Dent for a number of years and were always sceptical if it's time in the light would ever come because it's price stayed so low for so long.....we absolutely should have bought so much more because it performed so incredibly well this season that we've learned our lessons and never underestimating this project again.


~Venus (XVS)- A DeFi project built on the Binance Smart Chain, Venus has seen much interest in the late portion of this run and will continue to do so as we near the end of the season. It's widely thought that DeFi will be the sector making the big $$ during the bear market and it's easy to see why, people now hold a lot of their favourite coins and will hold a substantial amount of stable coins and while they're waiting for the next bull run season, the best thing to do will be to lock it into DeFi, earning interest on what you already have while they're sitting around not being traded, it's like owning a motorcycle and renting it out in the winter. This will be a very good coin to watch as we progress and it's current price is very attractive.


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