The markets are in red and there seems to be ample panic selling.
It's strange that investors buy on euphoria and sell on panic. The strategy seems to be buy high and sell low.
The big correction provides an opportunity for medium to long-term investors to accumulate some quality coins or tokens.
One token that I am bullish on is iBuffer Finance (IBFR).
Recently, Goldman Sachs opined that options trading can be the next big thing in the cryptocurrency world.
iBuffer is a gamified options trading platform. The project allows investors to buy and settle options on multiple assets directly against a liquidity pool.
Currently, iBuffer Finance has prediction game and options for cryptocurrencies, stocks, commodities and currency.
It's also worth noting that in the coming weeks, the project plans to go cross-chain. This will further increase the options or prediction gaming volume.
At the same time, NFT options/prediction is also on the cards.
Investors who hold IBFR token can also stake the token for revenue sharing in the form of BNB.
Another positive about iBuffer Finance is the token economics. Currently, around 10 million tokens are in circulation. By the end of 2022, the number of tokens in circulation is likely to be 20 to 22 million.
The current market capitalization of less than $2 million is therefore attractive. Once options trading gains further traction, the token can easily do a 10x. That's a conservative estimate, in my view.
Overall, IBFR is worth buying as the markets correct. Instead of buying Bitcoin, the focus should be on accumulating quality altcoins.
Posted Using LeoFinance Beta