The 3 smartest cryptos you can buy for $1,000 right now

If you are looking for smart cryptos to buy as we prepare for alt season, these tips might be just what you need.

Market leader Bitcoin (BTC USD) is down 16% from its all-time high of over $73,000 in March this year. As it sets the tone for the entire market, even altcoins are generally subdued at the moment.

But crypto analysts agree that altcoins have indeed bottomed out (and may well do so). even went ahead lower), the upcoming upswing will be something.

At X, one of the loudest calls for crypto investors right now is to “buy on dips.” This means that you can benefit from the current low prices and secure your favorite selection while it is still cheap.

But how do you determine which cryptos might be a good choice for your allocation? To make your decision easier, we have put together some interesting tips.

Here are the three smartest cryptos you can buy right now.

Ethereum (ETH-USD)

ether (ETH-USD) is as smart a choice for investing $1,000 in crypto as any. First, you have the obvious reason: it is the most popular cryptocurrency after Bitcoin. This is a two-fold benefit for ETH investors.

First, if the altcoin market recovers, you can bet Ethereum will be at the center of the action. This makes it one of the best cryptocurrencies to buy at any time. Secondly, this means that when you invest your hard-earned money in Ethereum, you are betting on a coin with an unparalleled track record in altcoin history.

The other thing Ethereum has going for it is that it is next in line for a spot exchange-traded fund (ETF). Bitcoin’s spot ETF received an enthusiastic market response, and both crypto and ETF watchers are expecting a similar reaction when Ethereum’s ETF hits the market.

JasmyCoin (JASMY-USD)

Depending on who you ask, JasmyCoin (JASMY USD) is not the smartest cryptocurrency to invest $1,000 in. This is because the project has been around for almost three years, but its founders have not yet brought any actual use cases to market, due to the massive price increase this year.

The so-called “Japan’s Bitcoin”, JasmyCoin, is the native token for it Jasmy. This is a decentralized ecosystem on Ethereum that allows users to securely store their personal data in a “data locker” and sell it to companies willing to pay.

With its current value of 0.030, JasmyCoin is up over 340% year to date (YTD). It’s even short flirted with On some trading days in June, the price was in the $0.40 range, a change of almost 500% since the turn of the year.

JasmyCoin is likely to maintain this price for the rest of the year. It is definitely one of the smartest cryptos you can buy right now.

SATS (1000SATS-USD)

SATS (1000SATS-USD) is a cryptocurrency named after Satoshi. Satoshis are the smallest units of Bitcoin and were created by an anonymous creator as a tribute to Satoshi Nakamoto, the person(s) behind the leading cryptocurrency. One Satoshi is equal to one hundred millionth of a Bitcoin (0.00000001 BTC). This means that one Bitcoin has 100 million satoshis.

The coin became popular after that Binance I listed it in December. The value rose by over 150% at the time, but has not been able to match this performance since. However, it could turn out to be one of the best cryptocurrencies you can buy, especially if you trade daily.

This is because there have been regular price jumps, which, if timed well, can pay handsome dividends. Furthermore, it has demonstrated staying power. If you stick with SATS for the rest of the year, you’ll most likely be very happy when Alt season gets going again.

At the time of publication, Hope Mutie did not hold, directly or indirectly, any positions in any of the stocks mentioned in this article. The opinions expressed in this article are those of the author and are subject to the opinion of InvestorPlace.com Publishing Guidelines.