5 Cryptos To Buy Before The Bull Market Returns

Last Updated August 15th 2022
6 Min Read

Fortune Business Insights has projected the cryptocurrency market to be valued at $1.9 trillion in 2028. The market is anticipated to grow in the next years as a result of increased financial payment transparency. Blockchain technology is used to establish digital currencies, making it possible for several parties to maintain copies of previous transactions and preventing a single central authority from controlling them.

After digital assets have corrected throughout 2022, investors and traders are waiting for the next bull run for crypto. To help novice investors with the process, this guide will discuss the 5 cryptos to buy before the bull market returns.

Ethereum (ETH) 

Ethereum needs no introduction, as the blockchain network has become the go-to for decentralized application (dApp) developers worldwide. Ethereum’s network provides the foundation for these apps, thanks to its smart contract functionality. These smart contracts remove the middleman from certain transactions, making the process entirely decentralized. Its use cases and past rallies have made it one of the hottest cryptocurrencies to buy right now.

Although its gas fees have been criticized for months, there could be hope on the horizon thanks to the upcoming network upgrade. The Merge, which is set to take place soon and will see Ethereum move to a Proof-of-Stake protocol, will significantly increase the scalability of its blockchain and reduce fees. When this upgrade happens, we could see more people than even opt to buy ETH, making it one of the top 5 cryptos to buy before the bull market returns.

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

Solana (SOL) 

Like Ethereum, Solana is a public blockchain network with smart contract functionality. However, Solana stands out as it employs a ‘Proof-of-History’ consensus algorithm, which allows the network to handle thousands of transactions every second. Not only this, but Solana is considered ‘greener’ since it drastically reduces the computational power needed for verification.

Due to this, Solana has emerged as a viable alternative to Ethereum for dApp developers and NFT creators. Many of the best NFTs to buy are now hosted on this network, creating a snowball effect and driving more creators to the platform. This means that SOL, Solana’s native token, has become an excellent way for investors to gain exposure to the growth of this exciting network.

SOL is currently trading at $44 and is likely to rally in 2022.

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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)

Binance Coin (BNB) is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount.

Binance Coin’s blockchain is also the platform on which Binance’s decentralized exchange operates. The Binance Exchange was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes.  

Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a PoS consensus model. At the time of writing, it has a $53 billion market capitalization, with one BNB valued at around $331. Experts have predicted a bright future for BNB, making it one of the top 5 cryptos to buy before the bull market returns.

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

Cardano (ADA) 

Cardano (ADA) is an “Ouroboros proof-of-stake” cryptocurrency created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After disagreeing with the direction that Ethereum was taking, he left and later helped to create Cardano.

The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written more than 120 papers on blockchain technology across various topics. 

Due to this rigorous process, Cardano stands out among its PoS peers and other prominent cryptocurrencies. It has also been dubbed an “Ethereum killer” because its blockchain is said to be capable of more. That said, the project is still in its early stages. Though it has beaten Ethereum to the PoS consensus model, it still has a long way to go regarding DeFi applications. 

Cardano aims to be the world’s financial operating system by establishing DeFi products similar to Ethereum's and providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. These aspects make ADA one of the top 5 cryptos to buy before the bull market returns.

buy cardano

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

Tether (USDT) 

Tether (USDT) was one of the first and most popular stablecoins—cryptocurrencies that aim to peg their market value to a currency or other external reference point to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations to attract users who may otherwise be cautious. 

The price of USDT is tied directly to the price of the U.S. dollar. The system allows users to more easily make transfers from other cryptocurrencies back to U.S. dollars in a more timely manner than actually converting to normal currency. 

Launched in 2014, Tether describes itself as “a blockchain-enabled platform...to make it easier to use fiat currency digitally.”

Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies.

buy tether

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

Bottom Line 

We hope this list of top 5 cryptos to buy before the bull market returns helps you make an informed investment decision. As the crypto market can be volatile, investors are advised to perform due research before investing.

Read More:

Where To Buy Ethereum (ETH)

How To Buy Solana (SOL)

The 5 Best Ways To Buy Binance Coin (BNB)

Where To Buy Cardano (ADA)

Best Future Crypto Coins To Buy

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Top 10 Cryptocurrencies With The Most Potential

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