Best Cryptocurrency To Buy During The Bear Market
- December 27, 2022
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The collapse of FTX has brought new lows to an already-challenging bear market in the cryptocurrency industry. But bear markets have historically been the best time to buy crypto assets, as long as you’re okay with holding for a multi-year timeline.
If you’re trying to figure out what’s the best cryptocurrency to buy during the bear market, you’re in the right place. Keep reading to get into this list of 11 assets that should recover well when the next bull run begins.
1. Metacade (MCADE) – Overall Best Crypto to Buy in the bear market
Metacade is Web3’s first virtual arcade. It’s a platform anyone can use to play the latest, greatest GameFi and P2E titles. Its native token, MCADE, can be used to access games on the platform, enter competitive tournaments and prize draws, and engage with the Metacade ecosystem’s best content.
Metacade has begun to stand out in this bear market, in part thanks to the success of its ongoing presale which has seen a high level of interest. There are a number of other reasons behind its popularity too – not least of which is an excellent position in an exploding industry.
First, Metacade is entirely unique in the world of Web3. It brings together gamers from all walks of life on a highly-inclusive platform that delivers access to many of the best GameFi projects in a single place. That means it has something for everyone.
Whether you enjoy RPGs, RTS games, action titles, or anything else, you should be able to find Web3’s best version of it on Metacade. This positions Metacade to act sort of like the Steam of Web3 gaming.
Additionally, the platform is giving out Metagrants to game developers. They will submit proposals to the Metacade community who will vote for their favourite and then the winner will receive funding to bring the game to life. The system helps to ensure Metacade is filled with a constant supply of brand-new games to enjoy.
When you put it all together, you get a platform that is diverse and valuable enough to users to make it through the bear market and emerge stronger on the other side.
>>> You can participate in the Metacade pre-sale here <<<
2. Bitcoin – Safe Store of Value
Bitcoin needs no introduction. It’s the cryptocurrency that started it all and it’s still number 1 in terms of market cap . In the early days of Bitcoin, it served as a currency but now it’s become the dominant store of value in the crypto ecosystem.
What makes Bitcoin one of the best cryptocurrencies to buy during the bear market is its safe upside. No matter what happens next cycle, you can be sure that Bitcoin will be one of the top assets given its legacy and widespread usage.
If you want to hold some money in crypto, but aren’t interested in taking major risks, then Bitcoin is the coin for you.
3. Ethereum – Safest Layer 1 Platform
Ethereum is also one of the best cryptocurrencies to buy in the bear market. It’s the leading smart contract platform, which introduced the world to decentralised exchanges, NFTs, and many of the other top crypto innovations.
Ethereum is similar to Bitcoin in that it’s almost too big to fail at this point in its development, given how essential it is to everything in the world of crypto. There are also those who say Ethereum has more upside left than Bitcoin because it has a lower market cap and more use cases than BTC.
If you ask most experts, they’ll tell you to at least have some BTC and ETH in your bear market portfolio, so keep that in mind as you look for the best crypto to buy in the bear market.
4. Cosmos Hub (ATOM) – A New Kind of Layer 1 with Catalysts
Cosmos Hub is another project worth checking out during the bear market. Its ATOM token is the foundation of a new kind of layer 1, which is called the interconnected blockchain network.
You can think of it a bit like the internet of blockchains because it connects many independent layer-1 networks, which are application-specific – meaning they’re only home to one application instead of many, like Ethereum. This approach has technical benefits for builders.
ATOM will help to provide security for all of those independent chains, which means it could be very successful and a buy during the next crypto bull market.
5. Aave – The Original Crypto Lending Platform
Aave is the project that popularised the idea of using cryptocurrency as collateral to take out loans. There are many other platforms that offer this service now but Aave has the highest level of trust among the community, regulators, and major investors. That means it should have no problem making it through the bear market.
On top of that, Aave is starting to expand. The project began on Ethereum but has since moved to other chains like Polygon and Avalanche. It’s even introduced its own stablecoin and other upgrades could be coming soon.
At this point in its development, Aave has emerged as one of the leading innovators in all of crypto and it has more users now than most projects did at the peak of their popularity during the bull market.
6. Binance (BNB) – Leading Exchange and Ecosystem Token
As the collapse of FTX showed us, investing in exchange-based tokens can be risky. However, there are plenty of reasons to think about purchasing some BNB at this stage of the bear market.
For starters, BNB is attached to Binance – by far the leading exchange on the planet. That alone gives it a lot of credibility and plenty of reasons to invest.
But on top of that, BNB is also the native currency of the Binance Smart Chain ecosystem – one of the leading smart contract platforms for new projects during crypto market bull runs.
When you put those two facts together, you get a coin in BNB that is absolutely worth paying attention to as this bear market continues. Picking some up now could pay dividends when the bull market returns.
7. Dogecoin – The Original Meme Coin
As a general rule of thumb, meme coins aren’t typically a great investment during a bear market. This is because they don’t have a value proposition outside of memes and community hype. It’s hard to predict if they will still be relevant when the bull market returns or if other meme coins will take their place.
But Dogecoin is a meme coin that’s absolutely worth checking out during the bear market. That’s because it’s the original meme coin and is still backed by a large community with plenty of hype.
Additionally, Elon Musk is a huge supporter of Dogecoin. He recently purchased Twitter and may end up integrating Doge as a payment option on the platform. That would send the popular meme coin’s price skyrocketing, and it may be a worthwhile crypto to buy.
8. Tron (TRX) – Layer 1 with Proven Survivability
Tron is another cryptocurrency with a charismatic leader – Justin Sun – one of the wealthiest and most influential men in all of crypto. That alone makes TRX a coin that’s worth considering as one of the best cryptocurrencies to buy in the bear market.
But TRX is more than just Justin Sun. It’s an entire ecosystem with stablecoins, lending protocols, and even games. There’s a solid chance that the Tron ecosystem will be around during the next bull market since it made it through the last bear market in 2018-20.
9. ApeCoin – The Leading NFT Coin
NFTs were one of the biggest innovations of the last market cycle, and none were more impactful than Bored Ape Yacht Club. Its native token, ApeCoin, is a cryptocurrency that’s worth holding through the bear market.
ApeCoin is interesting as an investment because it serves as the currency of the Bored Ape Yacht Club ecosystem. The team behind that project is currently building a metaverse game and world which could become one of the largest of the next market cycle.
10. Uniswap – The Original Decentralised Exchange
Uniswap is another token that deserves some consideration as you continue thinking about which cryptocurrencies to buy during the bear market. It’s the original decentralised exchange and still does the most volume of any DEX by quite a large margin.
There are also some rumours that Uniswap could one day begin allocating some of the fees that it generates to reward token holders but this isn’t confirmed. If this does happen during the next market cycle, look for the price of UNI to skyrocket.
11. Treasure (MAGIC) – Emerging Metaverse Project on Arbitrum
This list of the best cryptocurrency to buy during the bear market is rounded out with Treasure and its native token MAGIC. This project has emerged not only as the leading GameFi project on the up-and-coming Arbitrum network but also as that network’s leading NFT marketplace.
Treasure will serve as a point of connection for GameFi projects across the Arbitrum network. Its native token MAGIC could become one of the most used cryptocurrencies on the platform, which is why this is another token to consider purchasing.
Metacade Continues to Shine
There are a lot of great projects on this list but if you truly want to find the best cryptocurrency to buy in the bear market, then you can’t go wrong with Metacade’s MCADE token.
Metacade stands out as the best cryptocurrency to invest in for each of the following reasons:
• It provides access to many different P2E and GameFi games in a single place
• It offers many ways to earn income in Web3, such as staking, P2E gaming, and entering competitive tournaments
• It has a ton of upside left since the project’s market cap is still relatively low
The presale pricing started at 125 MCADE for $1 but will gradually go down to 50 MCADE for $1 by the time the presale ends. That means the sooner you get involved, the better.
You can participate in the Metacade pre-sale here .