The Best Cryptocurrencies To Invest During The 2022 Bear Market By CoinQuora

The best cryptocurrencies to invest during the 2022 bear market
    • The current crypto bear market is an opportunity for investors to buy high value cryptos at a discount.
    • BTC, ETH, SOL, and ADA are some of the best altcoins to invest in during this market crash.
    • Investors looking to ride out the bear market can buy stablecoins for the time being.

With the current crypto bear market, savvy investors have an opportunity to buy high-value crypto assets at a discount. With that being said, here are some of the best cryptocurrencies to stock up on during this phase of the market.

First on the list is the more established crypto (BTC), with its current market cap of around $370 billion. The price of Bitcoin has skyrocketed over the years and it is like a household name. In May 2016, one BTC was worth $500, now one BTC is worth $19,217, an increase of more than 3,500%.

Additionally, BTC is a favorite in times of crypto market turmoil given its long standing position in the market and resilience against bear markets.

For investors who want to wait for signs that the crypto market is in a consolidation or recovery phase, a stablecoin may be the best investment option for now. A stablecoin is a special type of crypto whose value is pegged to another higher value, such as a fiat currency, a commodity, etc.

The largest stablecoin by market capitalization is (USDT), which is pegged to US dollar reserves. It has also been in the market for a long time and survived the most bear markets among all stablecoins. However, there is speculation as to whether or not Tether has the US reserves that they claim to have.

An alternative to USDT that investors can buy as the bear market unfolds is (USDC), which is powered by .

Another cryptocurrency that could be a good investment during this bear market is (BNB), with a market capitalization of around $35 billion. BNB is the native utility token of Binance, the world’s largest crypto exchange.

Since Binance launched in 2017, it has expanded its range of services and offerings that were initially limited to cryptocurrency trading only. The price of BNB in ​​2017 was only $0.10, and by early July 2022, its price had risen to around $215, representing an approximate gain of 214,900%.

The Binance platform continues to move forward at a time when many of its crypto exchange competitors are laying off staff and consolidating funds. An example is Binance bringing in 2 new brand ambassadors. One of the ambassadors is the world’s greatest soccer icon, Christiano Ronaldo. The other brand ambassador is a well-known TikTokker, Khaby Lame.

(ADA) is the next coin on the list that investors should consider buying. The team behind the coin has been rapidly developing its blockchain during this bear market with its most anticipated update still on the way; the Vasil hard fork. ADA is arguably one of the most undervalued coins in the crypto market right now.

Meanwhile, (SOL), similar to ADA, is a competitor to Ethereum. Although ADA leads the way in terms of community and market capitalization, SOL is still a good option to invest in. One reported issue with SOL is the number of recent network outages its blockchain has experienced. However, this is mainly because SOL overcomes the limitations of blockchain technology.

If the SOL team can improve the stability of the blockchain, this could be one of the best performing tokens in the space with one of the highest performing blockchains on the network.

Last on the list is Polygon (MATIC), which is a layer 2 scaling solution that aims to further scale the Ethereum (ETH) blockchain. By coupling Polygon with Ethereum, the Ethereum blockchain can achieve higher transaction speeds with lower transaction fees.

Since ETH is the largest altcoin by market capitalization, it could reportedly increase the value of MATIC in the coming months or in the next bull run.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CQ. None of the information in this article should be construed as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

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