Invest In These 5 Altcoins During Bear Market For Massive Profits - Our Picks
Harmony - Blockchain protocol focused on enhancing scalability between networks
Tron - A unique crypto with massive upside potential
Tesoz - Role in the NFT marketplace makes it an ideal buy now
Flow - One of the major players in the Web 3.0 sphere
Polygon - Steady adoption and internal growth
A Closer Look At The These 5 Altcoins During Bear Market For Massive Profits – Analyst Take
2022 has been an ideal example of how volatile the crypto market truly is. The prolonged crypto winter was the result of several economic factors like the start of monetary policy tightening, fear of recession, federal regulations, etc.
But long-term investors have looked at this near-term volatility positively, as a bear market has multiple buying opportunities to reap profit. Therefore, let’s see why analysts suggest investing in these 5 altcoins during a bear market for massive profits.
Harmony (ONE)
From faster transaction speeds to lower gas fees and higher security, Harmony has been a frontrunner within the crypto sphere. The blockchain is a decentralized platform focused on bridging the gap between decentralization and scalability. Thanks to the soaring popularity of its GameFi, DeFi, and the dApp ecosystem, Harmony has been the best Layer-1 crypto platform in 2021.
The all-time high of ONE ($0.3798) in 2021 was pumped by the platform's announcement of a $300-million ecosystem development fund. The project also unleashed a timeline for coming years, clearly outlining its plans to spend $180 million from Q4 2021 through Q3 2022.
The project kicked off the year by expanding the Web 3.0 development of the Harmony ecosystem and partnering with platforms like 4everland. Analysts from DigitalCoinPrice have a bullish take on ONE, predicting that it could be worth $0.073, moving up to $0.08 in 2023, making it one of the best crypto to invest in during a bear market for massive profits.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
TRON (TRX)
Tron, the decentralized virtual machine, was created to help usher in the decentralized internet. A key factor that gives TRX a unique place in the market is its focus on the entertainment sector. It aims to leverage blockchain for content-sharing systems and thereby remove middlemen. As a result, content creators can directly connect with consumers and sell their products. The platform’s long-tied partnership with BitTorrent has helped the network achieve its goal over the years.
A crucial catalyst that adds TRX to the list of best altcoins to invest in during the bear market for massive profit is its partnership with Wintermute. Tron has the largest circulating supply of USD Tether (USDT) stablecoin. The network became completely decentralized after launching a community-governed DAO in 2021. The DAO also launched a novel “overcollateralized stablecoin” - USDD, marking the crypto’s entry into the decentralized stablecoin sphere.
The coalition with Wintermute is a strategic move that would help TRONDAO increase its user base through the provision of seamless liquidity. This way, TRX would cement its position as a world leader in the DeFi and dApp ecosystem.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tezos (XTZ)
Tezos is an open-source platform based on smart contracts similar to those used on the Ethereum blockchain. It aims to address most of the critical barriers that face blockchain adoption for assets and applications backed by validators, researchers, and builders worldwide.
Analysts have a rather bullish take on XTZ, making it the best altcoin to buy during a bear market. As per predictions, Tezos will hit a high of $5.19 by the end of 2025, and some even predict that it would even grow higher.
One of the many reasons for this bullish prediction of Tezos is its role in the NFT marketplace. The crypto powered an immersive three-day art festival in London called the Proof of People, which included the best of the metaverse with a real-world experience. Despite any restrictions, Tezos is also a leading art blockchain in China. All these bode reasonably well for the future of XTZ, making it a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Flow (FLOW)
Flow is on a mission to bring blockchain to the mainstream and fuel its adoption. The Layer-1 blockchain has a unique architecture that delivers the performance essential for popular applications while maintaining decentralization.
FLOW has seen a significant rise in its price recently as it generated a huge transaction volume on August 4th, 2022. Its new partnerships with the networking giant Instagram are one reason that pumped its price and has marked a huge milestone for it. The Flow Network is going to be the first blockchain ever to be supported by Meta as they introduce digital collectibles to collectors and the creators of Instagram. Analysts opine that this would fuel FLOW’s price to new levels in the future, making it a good buy for massive profits.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Polygon has become a framework for creating and building interconnected blockchain networks, which is highly beneficial when it comes to setting up smart contracts. MATIC has been showing signs of mainstream adoption irrespective of the prolonged crypto winter, exposing it to a large pool of potential users.
Its coalition with Coca-Cola, which released a pride series NFT collection on the network, and Reddit, announcing the launch of an NFT marketplace, has been a key catalyst for MATIC’s rise.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
As the crypto sphere is entering into 2023, analysis believes that these 5 altcoins would make massive profits if you buy them in this bear market. Now that you have some understanding and a better idea of which crypto projects are fundamentally strong and deserve your investment, you can make a rightful decision.
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