5 Best Cryptos To Buy Now After Market Crash, FTX Collapse, And Hack

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Last Updated November 17th 2022
5 Min Read

5 Best Cryptos To Buy Now After Market Crash, FTX Collapse, And Hack - Our Picks 

Here are our top 5 picks of best crypto to buy now after the market crash, FTX collapse, and hack. A detailed review of each coin is available in the next section.

Bitcoin - The king of cryptos is definitely a buy now 

Ethereum - A must-buy crypto for profitable returns 

Dogecoin - The most popular meme coins to buy after the market crash 

Solana - Since the FTX collapse is toning down, SOL could be the best buy 

Binance Coin - The top utility coin to buy for massive returns 

 

A Closer Look At The 5 Best Cryptos To Buy Now After Market Crash, FTX Collapse, And Hack

The prolonged crypto winter, market crash, and the FTX hack have been disastrous for the industry. But several coins are slowly recovering from this price slump and are gradually inching toward another bullish rally in 2023. The crypto market is no stranger to volatility, and if the past is prologue, then the current dip could significantly bounce back and even peak to new all-time highs. 

We have looked at the latest market trends, including numerous macroeconomic risks, to reveal the best 5 cryptos to buy now after a series of unfortunate events. 

 

Bitcoin (BTC)

Bitcoin prices have shown significant volatility to date, drastically falling lower and then bouncing back to new levels. BTC is the peer-to-peer crypto that positions itself as the most decentralized of all digital currencies in the market. 

The crypto tops the list of cryptos to buy now after the market crash as adoption is on the rise, and the list of countries and institutions adopting BTC is constantly growing. Countries like Nigeria and Kenya have already adopted BTC, bolstering its real-world use case. Also, countries like El Salvador already made BTC their legal tender in 2021, helping people access financial services seamlessly. The growing worldwide adoption, businesses accepting BTC as a means of payment, and its real-use cases, have affirmed Bitcoin’s position in the list of the 5 best cryptos to buy now. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

Ethereum is the most well-known altcoin and the most efficient blockchain network that is home to numerous applications like DeFi, NFTs, and Metaverse projects. The Merge update and the crypto’s transition from Proof-of-Work to Proof-of-Stake to verify transactions have been key milestones for Ethereum this year. 

Although The Merge update didn’t give ETH the expected push as the market struggled in tough macroeconomic conditions, it has significantly enhanced the scalability, efficiency, and sustainability of the Ethereum blockchain. 

However, Google’s announcement of the launch of a blockchain node hosting service based on its cloud service and initially compatible with the Ethereum blockchain has again bolstered the price of ETH. Also, with the completion of Sharding in 2023, the network will enjoy supercharged speed, with almost 100,000 transactions per second. All these bode well for Ethereum, making it the best crypto to buy now after the market crash. 

buy ethereum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin initiated the meme coin frenzy, being the first meme crypto in the market. DOGE was not taken as a serious crypto until billionaire Elon Musk’s public Twitter endorsement of Dogecoin pushed its price and popularity, hitting an all-time high of $0.7376 in May 2021. Since then, the crypto has been a must-buy for investors. DOGE became investors' favorite as it was adopted by medical supply leaders like CovCare, as a form of payment method. 

Analysts expect another bullish rally from DOGE as the market crash, FTX collapse, and hacks are slowly settling down. The crypto also has one of the largest communities, with more than 2 million active subscribers on Reddit. 

Elon Musk’s acquisition of Twitter in mid-October bodes well for the crypto as several investors are in a race to buy DOGE, as speculations say that the token would be used for tipping or subscription payments on the platform.

buy dogecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Solana is an effective, fast, secure, censorship-resistant blockchain that aims to offer the open infrastructure required for global adoption. Thanks to its low fees, low congestion, and fast processing speed, SOL has positioned itself as a viable competitor for payment forms like Visa credit cards.

Solana’s significant role in the NFT marketplace is one of the many reasons SOL is one of the best cryptos to buy now after the market crash, FTX collapse, and hack. It hosts numerous NFT marketplaces, including Metaplex, Solanart, and the widely used Magic Eden. 

Although SOL has been collateral damage in FTX's collapse and hack, it has again marked its position in investors’ favorite list, as the crypto unveiled a Google partnership involving Google Cloud, smartphones, and the Web3 store at Breakpoint.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Binance Coin (BNB)

BNB is the utility token of the most popular and largest crypto exchange, Binance. But Binance Coin has many more use cases, as it fuels the entire Binance ecosystem, which includes platforms like Binance Smart Chain. BNB could be a good buy once the volatility sets in, as the platform has already seen over 1.4 million transactions every second. 

Moreover, to build investors’ confidence and trust, Binance has taken a proactive approach and published a new page called “Proof of Assets.” It demonstrates all the details about the exchange’s on-chain activity for its hot and cold wallet addresses for the future. 

buy binance coin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

History has proven that crypto prices could return to previous levels as yet another bullish rally is around the corner. To diversify your portfolio, these are the 5 best cryptos to buy after the recent market crash, FTX collapse, and hack.

Read More:

Where To Buy Bitcoin (BTC)

Where To Buy Ethereum (ETH)

How To Buy Dogecoin

Where To Buy Solana (SOL)

How To Buy Binance Coin (BNB)

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