7 Altcoins to Invest in the Bear Market!

In bear markets, it’s best to build a broad basket from DeFi and metaverse branches to chest tokens. In this article, we looked at the features, tokenomics, underlying technology, daily processes, volumes and teams behind hundreds of different altcoin projects.

Analyst Jay Speakmen picks these 7 altcoin projects for bear market opportunities

Ethereum (ETH)

Ethereum is the most expensive altcoin project on the market. In terms of volume, it is the second largest cryptocurrency after Bitcoin. Not only does Ethereum have the largest platform for smart contracts in the crypto world. It is also where some of the most valuable metaverse, DeFi and Web3 projects were created. As such, ETH has some of the most advanced uses. This is a direct reason for the 1.5 million price increase from the ICO price in November 2021. Ethereum has had some troubles last year due to high gas prices and too many processes. So far, no smart contract platform has come close to the process size. However, Ethereum developers and founder Vitalik Buterin are taking steps to address this issue.

Specifically, work is underway for an Ethereum 2.0 network that will make everything work more adequately and constrain the supply of Ethereum. Therefore, as the market continues to smooth out, Ethereum is re-emerging as an altcoin head. Some crypto experts even think that Ethereum will replace Bitcoin by 2030. You may think this is an exaggeration. However, ETH itself has a much more advanced ecosystem than BTC. There are also uses that Bitcoin can’t match.

Shiba Inu (SHIB)

The Shiba Inu is an unavoidable name on this list as it generates 48,000,000% profits by 2021. As a chest token, SHIB managed to stay in the top 20 even in the bear market. Also, SHIB is now just a chest token. It is increasingly becoming a DeFi system with a much larger ecosystem. Additionally, the founders recently announced that Shibarium, a layer-2 blockchain, and SHIB Eternity, a card game, are coming soon.

Here are more details on what will change with these two things:

  • Once the Shibarium ecosystem is up and running, both the Shiba Inu and Shiboshi NFT collection will be given to it.
  • In the collectible card game, each Shiboshi has their own special way to use it.
  • Those who play the card game will get rewards.
  • But the Shiba Inu isn’t just working on it.
  • There is even a legit staking program for LEASH and BONE that allows token holders to earn extra rewards and a passive income.

Shiba Swap is another feature. It is a decentralized exchange and artist incubation center where developers and digital artists can promote their projects. While SHIB is still a long way from its ATH for 2021, the chances of beating that number and reaching new heights in 2022 are great.

Left (LEFT)

Solana has been holding an Ethereum permanent position in the market since 2017. SOL has a very fast smart contract platform that enables the processes to take place quickly and at low prices. As such, he became known as the “Ethereum Killer” as soon as he was revealed. Although this altcoin performed very well at first, investors did not pay much attention at first. However, things changed in 2021, when the token nearly exploded and became one of the most recognizable cryptocurrencies on the market. Solana has done an outstanding job of further proficient in ETH network technologies such as DeFi applications, metaverse and NFT projects, P2E crypto games and decentralized exchanges.

The PoH (proof of background) consensus system is another feature that distinguishes SOL from other projects. The mechanism stamps processes with timestamps. This greatly reduces the amount of information validators receive. This makes the process much faster than with PoS (proof of stake) models. Solana can now handle over 60,000 TPS (transactions per second). This capacity is one of the main reasons why the peak price is 130,000% higher than the initial price. Also, the bear market didn’t have much of an impact on how the Solana network grew. However, the network was affected by some general outages.

The Solana group is always adding new programs and protocols to the network and ecosystem to solve their outages. As the market starts to recover, Solana is highly anticipated to surpass the ATH price and reach new highs. This makes it one of the most adequate altcoins to buy in the current 2022 bear market.

XRP

When Ripple came out in 2012, many experts thought XRP was the biggest threat to Bitcoin in the market. XRP quickly caught the attention of financial institutions around the world as it could replace SWIFT and change the way cross-border payments work. Ripple peaked around 2018 and saw a 68,000% price increase. But after that, things started to go wrong.

The SEC sued Ripple Labs and its founders in the US Federal Court of Justice, which brought the price of XRP down in just a few days. As a result of this, the price of XRP is currently 90% lower than the ATH level. All in all, this “unfortunate event” makes XRP one of the lowest value altcoins on the market for many.
Since the lawsuit is nearing its end, it is also at the top of the list of altcoins that can be bought for trading on a whim amid investors. If Ripple wins, its price will skyrocket again, according to many analysts. On the other hand, if he loses the case, we could see another low for this interesting cryptocurrency. Still, many professional traders think that Ripple has a bright future and that the price of each XRP token will increase by at least 500% by the end of 2023.

Sandbox

Sandbox is one of the most diverse metaverse projects. Players can use the Sandbox ecosystem to explore and interact with each other. They can also make and change their characters in the metaverse and then use them in P2E games. Persons who complete certain tasks and win races earn SAND, the main currency in the game. Players can then purchase places in the ecosystem with SAND. In particular, you can build your own dwelling in the Sandbox world. It is then possible to sell these digital structures as NFTs on the open market.

Some investors aren’t sure how profitable the sales are. So you should know that a Sandbox player sold 100 virtual lands for an incredible $4.2 million. In mid-2020, the SAND price was trading at $0.05. In November 2021, it reached $8.45, up 16,000%. Koindeks.com As you follow, SAND is currently trading at $3. This means that there is a good opportunity in 2022 to make potentially huge profits.

Filecoin (FIL)

According to their website, Filecoin was designed to store humanity’s most precious information. In other words, it is seen as the next Google. With so many businesses now managed online, it’s no surprise that storage is now considered a critical component of enterprise efficiency, growth and profitability. Amazon Web Services became the only major player in the storage market. But Filecoin wants to change that drastically. Filecoin works as a decentralized storage platform where token holders can use unused storage. Additionally, individuals who rent storage space can earn FIL, the local network’s cryptocurrency.

Filecoin wants to use Blockchain technology to make its storage services nicer and more affordable. This kind of idea could prove very profitable, especially if Web 3.0 technology starts to rely more on Blockchain networks. As a result, it could make Filecoin the main cloud storage platform. Filecoin is on the list of the best altcoins to be bought by a random investor. It is possible that the need for storage space will continue to increase over the next few years.

Binance Coin (BNB)

Due to its large market cap, Binance Coin has been at the top of the cryptocurrency market for years. Binance Coin is the local token of the Binance exchange, one of the largest places to buy and sell cryptocurrencies in the world. BNB is determined to stay on top in the future thanks to its unique uses and the hype around Binance. BNB price has been stable for the past few months due to the development of BNB Chain. But despite that, it’s still one of the best altcoins for a bear market, according to many investors.

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