The 5 Best Bear Market Cryptos To Buy Before They Rebound

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Last Updated January 24th 2023
5 Min Read

The 5 Best Bear Market Cryptos To Buy Before They Rebound - Our Picks

BTC - OG crypto to buy and hold 

ETH - Top altcoin worth having on portfolio 

QTUM - One of the finest cryptos 

MATIC - Most promising crypto 

CAKE - Growing altcoin full of potential

 

A Closer Look At The 5 Best Bear Market Cryptos To Buy Before They Rebound

These well-established projects can help you navigate this bear market by providing attractive risk-reward profiles.

Bitcoin

Bitcoin is the original cryptocurrency. BTC tokens were first released in January 2009 as a peer-to-peer payment method. The idea was to give people a currency free of control from central banks and traditional financial institutions.

By removing third-party intermediaries, there was no longer a need to trust governments or banks’ monetary policies. By market capitalization, Bitcoin is the most valuable cryptocurrency in existence. Investors can use it to make purchases both online and offline. Alternatively, investors can keep the asset in their portfolio, which is known as HODLing.

According to a survey carried out in July 2022, 55% of investors buy this crypto as part of a long-term strategy. Following the collapse of the FTX exchange, in addition to the ongoing bear market, BTC tokens are almost 75% cheaper than during the all-time high of around $69,000.

As such, investors deciding what crypto to buy during the bear market could consider adding BTC to their portfolio whilst they are trading at a huge discount.

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

Ethereum

Ethereum is also one of the best cryptocurrencies to buy in the bear market. It is the leading smart contract platform, which introduced the world to decentralized exchanges, NFTs, and many of the other top crypto innovations.

Ethereum is similar to Bitcoin in that it’s almost too big to fail at this point in its development, given how essential it is to everything in the world of crypto. Now that it has pulled off The Merge and upgraded to a proof-of-stake blockchain, it is faster and more efficient. Furthermore, the upcoming Shanghai upgrade scheduled for March 2023 is set to revolutionize staking by allowing the withdrawals of staked ETH. Such upgrades will continue to support the growth of the world's most vibrant crypto ecosystem, which includes decentralized applications, smart contracts, and tokens.

Ethereum is the market leader in important blockchain niches such as NFTs, decentralized finance (DeFi), and the metaverse. This provides an important diversification benefit since this crypto is not a one-trick pony. In fact, investors who are trying to put a number on this crypto’s valuation need to account for the broader ecosystem.

For many, ETH is the best crypto to buy during this dip. At the time of writing, Ethereum is trading at a discount of almost 74% compared with its all-time high of $4,635 in November 2021. The market capitalization of Ethereum is around $150 billion.

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

Pancakeswap

PancakeSwap is similar to Uniswap but works on the Binance ecosystem. PancakeSwap is widely used for swapping new projects on the Binance smart chain.

Due to the crypto bear market, the CAKE token is now down 70+% from its peak. However, the decentralized exchange still retains its popularity among crypto users, and experts believe it can make a comeback and is worth buying in the bear market.

If the crypto market continues its historical cycle, many new projects will be on the Binance chain. Thus, activity on this network could spike similarly to what we saw in 2021. Moreover, there is $3.3 billion worth of assets locked on PancakeSwap against a market capitalization of $610 million. Compared to Uniswap’s TVL of $3.66 billion against a $5 billion market cap, there’s certainly more upside to this project. 

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

Qtum

Qtum is among the most decentralized blockchains, offering lots of flexibility. The project states on its website that it has over 500 nodes on six continents, and one of its biggest strengths is that they have been successfully combining the strengths of Bitcoin and Ethereum for over five years. The blockchain supports ERC20 and non-fungible tokens with meager gas fees, as its layer-1 blockchain is capable of supporting 1,100 transactions per second (or TPS). Moreover, by combining both layer-1 and layer-2 solutions, the project can scale to millions of TPS over time.

Nonetheless, the most significant aspect of this project that interests people is its Web3 proxy adapter, Janus. Developers can easily port their solidity-based applications to the Qtum blockchain, which will give Qtum an edge against other Ethereum competitors. Much like other tokens, QTUM is down from its peak. 

But in the next crypto bull run, experts think this crypto can disproportionately outperform the market once the Ethereum network becomes congested (again) and developers move to other blockchains for lower fees. The Qtum blockchain’s flexibility will keep it among the top choices for these developers.

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

Polygon

Polygon is known as a Layer 2 blockchain because it makes Layer 1 blockchains like Ethereum faster. It does this by processing transactions on its own blockchain and then adding them in bundles to Layer 1 at a later date. While Ethereum dominates DeFi, it sometimes struggles with slow transaction speeds and high fees. To mitigate this, more users have been migrating to Polygon because it reduces fees and increases speeds while still offering the benefits of Ethereum's decentralization and security. 

This combination of perks has drawn considerable interest from some big-time names this year. Companies such as Nike, Meta, JPMorgan, Disney, Coca-Cola, and Starbucks have all partnered with Polygon in some way or another as they look for cost-effective solutions to produce crypto-related products.

Many of these endeavors are in their initial stages. However, if Polygon proves to be a viable means to accomplish these companies' goals, it would be easy to imagine a future where Polygon becomes the standard for businesses looking to move to the blockchain, making MATIC a good bear market investment option.

buy polygon

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

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