The crypto market can be very profitable, but it can also be risky. Last year's cryptocurrency market has shown volatility in its price movements. Bitcoin, for example, rose to an all-time high during the bull market, then crashed during the bear market.
While some investors fear bear markets and attempt to cut their losses, others see it as a perfect opportunity to acquire low-cost cryptocurrencies.
However, finding the best crypto to invest in a bear market of this magnitude is not an easy task. In this article, we will examine several different cryptocurrencies that may be worth investing in during this period.
The Introduction of Bear Market
The term "bear" refers to the way a bear attacks by swiping its paws downward. A bear market is a prolonged period of declining cryptocurrency prices in the financial markets.
Bear markets, characterized by a sustained drop in investment prices, occur when a broad market index falls by 20% or more from its most recent high. Individual stocks can also experience bear markets.
Top Crypto to Invest During Bear Market
To succeed, investors need to consider several factors that are specific to a bear market. These include market cap, accessibility, utility, funding, tokenomics and more.
Here are our top picks for crypto in the bear market:
Battle Infinity (IBAT)
Battle Infinity is one of the latest crypto-gaming platforms, operating in the virtual world of metaverse. The Battle Arena offers multiple player-versus-environment battle games for players to choose from and made up of six separate items that make for an easy-to-use and practical platform.
Battle Infinity launched its fundraising campaign in a period of market volatility. The project reached its hard cap in 30 days, an impressive achievement for a project launching in a bearish market. As an investor, this is one of the top five cryptocurrencies to invest in during the current bear market.
Tamadoge (TAMA)
Tamadoge is one of the best investments in cryptocurrencies during the current crash period. It is the newest meme coin around, with presale hosting by a group of established presale hosts. Tamadoge aims to revolutionize meme coins by providing real utility for holders.
Dogepool is a cryptocurrency game where players battle, train, and breed Tamadoge NFT pets to gain points. As players run these activities, they compete for the leaderboard rank each month and are rewarded if they rank highest at the end of the period.
Tether (USDT)
The crypto market is extremely volatile, but the introduction of stablecoins may provide some investors with a sense of stability during turbulent times.
Tether (USDT) is a cryptocurrency that is tied to the value of the U.S. dollar. This means that one USDT can be exchanged for one USD. Tether's USDT price has been de-pegged several times but has remained stable overall, serving as a stablecoin that can be used to maintain the value of money in cryptocurrency markets.
Lucky Block (LBLOCK)
Lucky Block is a crypto competition platform that operates on the Binance Smart Chain. In this bear market, it's one of the best investments available. Despite the bear market, Lucky Block has achieved some impressive results.
It took only a few weeks to bring investors a 12,000% profit after it was released in January. On the first day of its ICO, it traded $3.8 million worth of tokens and was the fastest token ever to reach a $1 billion valuation. Lucky Block offers its players a transparent reward system that guarantees maximum fairness.
DeFi Coin (DEFC)
DeFi Coin (DEFC) is one of the best DeFi crypto to invest in when the market is bearish. DEFC is the native currency of the BSC (Binance Smart Chain), which operates on the DeFi Swap exchange.
You can use this crypto to exchange value directly with other market participants, without having to use any centralized third parties. The DEFC currency offers three distinct features, including automatic liquidity pools, a manual burning strategy, and advanced static rewards.
Decentraland (MANA)
Decentraland is one of the promising projects to invest in during the bear market. The potential of this project is the reason it remains an attractive investment despite its poor price performance.
As of this writing, it is a vanguard forging ahead in the crypto space as one of the best projects in the metaverse niche. A niche replete with user-created avatars and other items designed according to their creator's unique vision.
Final Take
While bear markets can be frightening for many investors, others see them as an opportunity to buy high-value cryptocurrencies at a much lower price. Investors can reduce the effects of a bear market by diversifying their portfolios and focusing on the long term.
To make good investment decisions in this volatile market, it is important to thoroughly research all of the projects on our list. And when the bear market is over, their optimal flourishing will be worth your investment.
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