When the market enters a downturn, it can be tempting to cut your losses and run. However, this could mean missing out on some of the potentially highly lucrative opportunities presented by a bear market.
This is not the first time that crypto prices have slumped. Crypto is an incredibly volatile asset class, and history has shown that the most viable coins experience dips but see an overall upward trajectory over the long term.
Here are the top 5 coins to buy while prices are depressed, based on the likelihood that as soon as the market recovers, they will bounce back stronger than ever.
Bitcoin, the OG cryptocurrency is the king of the comeback, with a great example being its recovery after the crash in 2018, which saw the coin surge back and then climb to new highs. Still the world’s number one digital currency with a higher market cap than any other coin, BTC reached its highest ever price last spring, of over $60,000 and while it has taken a hit in the current bear market it is many believe that the currency is still capable of reaching the $100,000 mark that analysts were projecting for the coin late in 2021, just on a slightly delayed timeline.
In direct contrast to BTC, RBIS, the native token of the ArbiSmart project, is a newcomer, listed for the first time in January 2022. The investment platform offers consistent passive profits, even in a falling market, from automated crypto arbitrage and high-interest savings accounts, generating growth even as crypto prices drop.
The project is undergoing a huge development push in 2022, starting next month with the introduction of an interest-generating wallet. This is to be immediately followed up in Q3 by the launch of a decentralized yield farming program, as well as an NFT marketplace.
For the end of the year the development team has a cryptocurrency exchange in the pipeline as well as a gaming metaverse for buying, selling, and building on virtual real estate in return for real-world profit. All these developments are likely to drive up demand for the token and push up the price significantly. So, as the crypto market gets back on its feet, this coin appears to be on track to jump to new highs.
The Solana project introduced by Anatoly Yakovenko in 2017 implements a permissionless, high-speed layer-1 blockchain for powering decentralized apps (dApps), and smart contracts. Known for its high scalability, cost-effectiveness and speed, the project is already handling 65,000 transactions per second with minimal transaction costs. Solana’s capacity to process transactions rapidly, cheaply, and securely by means of its hybrid proof-of-stake and proof-of-history mechanisms, serves as a strong indication of the platform’s long-term viability.
Polygon is a decentralized Ethereum scaling platform, providing genuine intrinsic value, and this makes it likely to be able to weather the storm of the current crypto bear market. Polygon is a driving force in building and connecting Ethereum-compatible blockchain networks. A fully-fledged multi-chain ecosystem, Polygon offers scalable, secure solutions on Ethereum that are more powerful, safe, and open than ever before. The scaling solutions have continued to gain popularity and Polygon has hosted over 3,000 apps, executed over a billion transactions, and safeguarded assets worth in excess of $5 billion.
Decentraland (MANA) is a blockchain-based play-to-earn metaverse. It is a virtual reality platform powered by the Ethereum blockchain that enables users to monetize, explore and develop digital plots of land, creating their own micro-gaming experiences. At the forefront of the major trend towards virtual reality, following Facebook’s rebrand as Meta, Decentraland is likely to continue to attract the interest of tech companies and gamers alike, bouncing back once the crypto market recovers.
These 5 coins are likely to not only survive but thrive moving forward. Eventually the bear trend will come to an end and those who buy low have the chance to make major capital gains, once the market rebounds.
However, if you want to earn a generous profit while you wait for the storm to pass, out of the above list ArbiSmart is probably your smartest option. In current market conditions, RBIS, which can be purchased here, provides a useful hedge against falling prices, as well as promising future prospects.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.