Market crashes and crises have historically created buying opportunities in the crypto market. With a probable recession looming not so far in the distance, investors are wondering where to put their money. With that in mind, cryptos with high growth trends can be the best investment options to make during a recession. Keep reading to find out the best recession cryptocurrencies to buy for strong returns:
Recession Cryptocurrency: Ethereum (ETH)
Buying ETH now is a way to invest in the future of banking and finance.
The rise of NFTs, metaverses, and DeFi has played a key role in driving the value of Ethereum blockchain over the past few years. The Ethereum network currently hosts over 3,000 dApps. With such a massive share of the total dApps market on its platform, Ethereum has positioned itself as a potential long-term investment option for investors. Thus, Ethereum is one of the best cryptos to buy in a recession.
The Launch Of ETH2.0
The price of ETH would certainly soar higher in 2022, as the network is on the verge of its biggest upgrade to date. With Ethereum 2.0, the network would become more efficient, scalable, and sustainable. This is one significant reason ETH tops the list of the best cryptocurrencies to buy for a recession.
“According to our short-term forecast, the market price of Ethereum might cross $4232, and later by the next five years, the ETH price prediction may hit the $16401 mark.”
Don't Miss: Ethereum (ETH) Price Prediction
A potential recession will open the door for investors to buy BTC and ensure good returns.
When it comes to cryptocurrencies with high growth potential, there’s perhaps no better candidate in 2022 than Bitcoin. The price of Bitcoin has always been a rollercoaster of surprises since its inception. BTC has enjoyed a significant rally in 2021, and experts predict that crypto will have a positive outlook in 2022. With a market cap of $745 billion, Bitcoin is unarguably one of the best buys now for profitable returns.
Bitcoin’s rising value and global popularity have been driven by mass adoption by retailers and institutions worldwide. After becoming legal tender in El Salvador in 2021, several other countries are looking to make the same move to save their fiat currency. As a result, adoption by leading corporations and countries worldwide will support the price growth of BTC in 2022.
Digital Coin Price:
“Our Bitcoin price forecast suggests by 2022, the price of Bitcoin could climb up to $64,157.39, projecting the possible scenario of crossing the 100k mark soon.”
Read Also: Bitcoin (BTC) Price Prediction
Recession Cryptocurrency: Solana (SOL)
With its unprecedented growth, SOL could be one of the best cryptos to buy in the wake of a recession.
Solana has been a viable competitor to Ethereum with its high performance, speed, and low gas fees. Thanks to its real-world utilities, the network saw a huge influx of new users in 2021. Solana is also making a significant mark in the world of NFTs and is expected to continue its growth in 2022, making SOL a good buy now.
What Makes SOL Unique?
The Solana network is known for its high speed and low transaction costs. The blockchain is so cheap, fast, and scalable that it could be the Visa of crypto networks. Solana can theoretically process as many as 65,000 TPS, with an average cost per transaction of $0.00025. Developers are thus flocking to the network to build their projects, boosting its adoption rate.
Coin Price Forecast:
“SOL has a promising future. It may get marginally impacted, but bulls will be back, and by the end of 2023, its price may skyrocket to $676.”
Don't Miss: Solana (SOL) Price Prediction
With numerous DeFi projects and network developments in the pipeline, Terra forecasts a positive outlook for 2022.
Terra stands to be one of the best cryptos to buy in the wake of a recession because of its strong growth potential.
The Terra network offers competitive programmable payments, logistics, and an infrastructure that strongly focuses on simplifying the use of decentralized apps and stablecoin development. With an experienced team, advanced technology, and a growing community, LUNA could rise significantly in 2022.
Why Buy LUNA Now?
The network highly focuses on interoperability and is designed to run on multiple chains. Currently, LUNA is active on Ethereum and Solana, but developers have already announced plans to expand their protocol to include other major blockchain networks in the future, making it a good buy now.
Digital Coin Price:
“Terra prices might record considerable growth this year. The price of LUNA/USD may trade around $68.56 by the end of 2022 and $104.05 by 2025.”
Check Out: Terra (LUNA) Price Predictions
Recession Cryptocurrency: Avalanche (AVAX)
Avalanche is the fastest smart contracts platform as measured by time-to-finality.
Avalanche is a smart contract-based blockchain network that prioritizes transaction speed, scalability, low pricing, and environmental friendliness. The purported goal of Avalanche is to create a flexible and scalable blockchain that maintains decentralization and security. If Avalanche were to keep up this growth trend, it would be a very appealing growth coin in 2022.
Why Choose Avalanche?
A key reason for the increase in AVAX price is its vibrant decentralized applications ecosystem and big-name collaborations. The network’s improved transaction speed, growing real-world adoption, and use cases make AVAX a good buy for a recession.
“We are more positive of AVAX in the long run and forecast a $284.02 average price in 2025, up from $102.04 in 2022.”
Check Out: Avalanche (AVAX) Price Predictions
Patience and a high loss tolerance are necessary if you want growth investment for the long run. However, if you’re looking for a buy that can win big in the face of economic turmoil, then the crypto sphere is full of opportunities. These 5 cryptocurrencies are your best choice to buy for a recession to ensure good returns in the future.
eToro – The Best Platform To Buy Cryptocurrencies
Virtual currencies are highly volatile. Your capital is at risk.