The bear market is changing everything we know in the crypto space. Some of our favorite tokens are now on sale for 50 percent less than in the past. So the bear market is proving that investing in new altcoin projects is a big gamble. Investing in this market is undoubtedly a difficult experience and does not just affect the crypto space. Traditional markets such as forex, stocks, real estate, bonds and other sectors also suffer from the bear season.
Crypto bear markets are more volatile than traditional bear markets. This is because, despite the entrenchedness of traditional markets, the crypto industry is relatively new. As a result, we recommend that you do your own research before investing in this market. But it’s possible that expert opinion can help you make a decision. Because cryptocoin.com We have compiled an analyst’s list of “altcoin projects to buy in a bear market” for you. But before you decide which cryptocurrency to buy, there are some things to consider.
Are you considering a short-term or long-term investment?
While the bear market is troubling, there are some lucrative options if you know where to look. Let’s take a look at the long and short options.
short term options
Stablecoins are your best bet if you are looking for a short-term investment in this bear market. During a bear market like this, you need to redefine your strategy and make sure it can guarantee your profits. Top crypto users are now investing in short-term stablecoins. These assets provide people with the opportunity to get paid in a crypto asset whose price does not fluctuate. Fiat-backed stablecoins such as USCD or USDT are excellent short-term investments. They have a lower risk ratio as they are backed by a stable asset like the US dollar. In contrast, altcoin projects are extremely risky assets.
long-term options
Bitcoin has been the subject of much speculation since its fall. BTC is currently trading at $24,188. Meanwhile, there are signs that the leading cryptocurrency will struggle to bounce back to its previous high. But history has shown us that Bitcoin survives every bear market. This is why many experts predict that BTC will rise again, with the time frame unknown. The growth of Bitcoin since 2009 has revealed the technological potential of money.
Despite the bear market, investors suggest that Bitcoin is a safer investment than most altcoin assets. Moreover, traditional investors believe that Bitcoin will be the future rival of the dollar. Countries like Russia are actively trying to break the dollar monopoly, and many see Bitcoin as the best option. This outlook in Bitcoin already guarantees its future. Therefore, regardless of the bear market, Bitcoin will bounce back and rise.
Which altcoin projects will stay strong in this bear market?
In an ever-changing and uncertain market, it is difficult to determine which cryptocurrencies are worthwhile investments. But we think the value of these altcoin assets could skyrocket in 2022.
Binance Coin (BNB)
BNB is the native cryptocurrency of the Binance exchange. It is among the fastest growing cryptos during this bear market. Therefore, it is possible for him to take a leading role when the market returns to the bull season. Also, the altcoin asset has great potential to revolutionize. Therefore, the expert says investing in it is a wise financial move. The growth of the Binance exchange is one of the main reasons for the rise of BNB. Several Blockchain and NFT games run on Binance. BNB aims to be a security token like Ethereum and Bitcoin.
Also, BNB usually works as a native utility token on the Binance exchange. Holders of this cryptocurrency benefit from various commission discounts and promotional incentives. As a result, BNB has the potential to survive and profit in the bear market. On the other hand, the BNB-USD pair has become one of the strongest recently. This has the potential to make it a wise choice for investments as the dollar value drops. It also stands out as being cheaper than Bitcoin and Ethereum as an investment.
Polygon (MATIC)
Polygon, the Ethereum Layer-2 scaling solution, has been at the center of the news in recent months. This was because he participated in the Disney Accelerator program. This signals a big role for Polygon to play in the entertainment world. There are also several reasons why owning MATIC is an important investment. The Ethereum Merge, which took place in September, is the biggest reason among them.
Investors are looking for altcoin assets that are likely to profit from Merge, and MATIC is exactly that. Polygon also recently announced a major technology upgrade that will increase MATIC’s value and appeal to users and developers. With the expected boom in Ethereum, MATIC looks like it will be a good buy.
Zilliqa (ZIL)
Zilliqa’s entry into the Metaverse world has brought great rewards, especially for holders of its token ZIL. The altcoin serves as an incentive reward and a payment use case in the Zilliqa ecosystem. The metaverse space stands out with great expectations and value rise. Therefore, owning a ZIL can be quite profitable.
