The value of Ethereum saw a 5% increase in the last 24 hours.
Solana’s value also increased in value in the last 24 hours by 8%.
Avalanche saw the highest gains in the last 24 hours with a 12% increase.
HODLing as a strategy has become popular among cryptocurrency enthusiasts due to the fact that it describes a long-term approach in terms of cryptocurrency investment.
The main strategy implemented here is where investors essentially hold onto their cryptocurrency investments, despite drops in price, with the ultimate goal and hope that the token will recover or increase in value.
Should you buy Ethereum (ETH)?
On February 23, 2022, Ethereum (ETH) was worth $2,722.04.
In terms of token all-time highs, Ethereum (ETH) was worth $4,878.26 on Nov 10, 2021. Here, we can see that on its ATH, the token was worth $2,156.22 higher or 79% higher .
When we look at the performance of the past month, Ethereum (ETH) had its highest value point on January 4, when it reached a value of $3,874.34.
Its lowest value point was on January 24, when the token experienced a decrease in value to $2,199.92. This gives us an indication that the value of the token decreased by $1674.42 or 43%.
With all this in mind, Ethereum (ETH) may hit $3,000 by the end of March 2022, making it a solid token to buy and hold.
Should you buy Solana (SOL)?
On February 23, 2022, Solana (SOL) was worth $91.67.
Going back to the all-time high, Solana (SOL) was worth $259.96 on Nov 6, 2021. This means that at its ATH, the token was worth $168.29 higher or 183% higher.
Reviewing the value points throughout the previous month, Solana (SOL) had its highest value point on January 2, when it reached $178.74 in value.
Its lowest value point was on January 24, when the token saw a decline in value to $82.71. This marked a decrease in value of $96.03 or 53%.
With this in mind, SOL is a token worth buying and holding as it can reach $100 by the end of March 2022.
Should you buy Avalanche (AVAX)?
On February 23, 2022, Avalanche (AVAX) was worth $81.35.
Discussing the all-time high, Avalanche (AVAX) was worth $144.96 on Nov 21, 2021. Here we can see that on its ATH, the token was worth $63.61 higher or 78% higher.
Discussing the performance of January, Avalanche (AVAX) had its highest value point on January 2, when the token reached a value of $117.18.
The lowest value point of the token was on January 22, when it decreased to $55.84. This marked a decrease in value of $61.34 or 52%.
At $81.35, AVAX is a solid token to buy and hold as it may hit $90 by the end of March 2022.
