In the last few months, Bitcoin and several best cryptocurrencies have been in a bearish trend. The price of many cryptocurrencies experienced a rapid decline following the crash of Bitcoin. Cryptocurrencies, as an asset class, are highly volatile. They are well-packed to look through, but the boatload of extreme volatility still resists many crypto investors to gain the benefits of investing in the best cryptocurrencies like Bitcoin and Ethereum. This article features the top 10 cryptocurrencies to buy in the bearish trend.
Similar to any speculative investment, buying Bitcoin obviously carries risk. Since its inception, Bitcoin was the 1st digital asset to beget the current ecosystem of cryptocurrencies. Even after its roller-coaster journey and entering into a bearish mode, crypto investors and analysts are highly astounding to realize the true potential of BTC. Therefore, Bitcoin is one of the best cryptocurrencies to buy in the bearish trend.
Ethereum is a cryptocurrency built on the principles of decentralized finance because the products and services that live on Ethereum are available to anyone who can access the internet. It is a decentralized open-source blockchain system that works as a network platform for numerous other cryptocurrencies and executes decentralized smart contracts. Many crypto investors are eagerly waiting for the Eth 2.0 upgrade that is expected to be faster and more efficient.
Cardano is a proof-of-stake blockchain platform that focuses on ensuring that the owners can participate in the operation of the network. The fact that Cardano is more energy-efficient and superior when it comes to facilitating DeFi transactions and smart contracts makes it one of the most useful cryptocurrencies, and an attractive option for crypto investors who want exposure to cryptocurrencies that haven't run up to exorbitant prices. Cardano is one of the best cryptocurrencies to buy in the bearish trend.
Polkadot is one of the most exciting projects to emerge in the cryptocurrency market. Polkadot is gaining interest from investors because it is more interactive. Developers can link blockchains to the Polkadot system and even create entirely new blockchains. It is one of the best cryptocurrencies to buy today and hold forever.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments. The network offers competitive programmable payments, logistics, and an infrastructure that focuses on simplifying the use of decentralized apps, and stablecoin development. Furthermore, Terra highly focuses on interoperability. The network is designed to run on multiple chains.
XRP or Ripple is an open-source cryptocurrency that uses an open-source distributed ledger. The two biggest advantages of XRP are the speed and low cost of every transaction. A standard transaction on Ripple costs 0.00001 XRP. That's a small fraction of a penny at the current XRP price of under US$1. The average transaction time is five seconds.
LINK is a blockchain abstraction layer that enables universally connected smart contracts. Not only does it present the ideal combination of a project with the right technology behind it, but it also has enough resources for further development. The best part: Chainlink possesses an excellent community. Therefore, many crypto investors prefer Chainlink over other cryptocurrencies.
Since its inception, Floki Inu has shown consistent performance. As of December 2021, the market cap stands at US$1.06 billion. This is pretty impressive for a cryptocurrency that hasn't even been around for a full year. If you are new to this crypto world and do not want to take high risk then Floki Inu is a cryptocurrency built for you.
Dogecoin is one of the most popular tokens, even if it was started as a joke. It gives crypto investors an easy way to make their first foray into cryptocurrency and learn about volatility. Given the speculative nature of cryptocurrency, popularity alone is critical. As for a valuation, Dogecoin is worth what it's worth because others believe the token will increase in value. Those investing in DOGE also are banking on more headlines from celebrity hype.
Aave's developers have taken great care to make their network accessible to all. The open-access and ease of use of this platform make it ideal for both institutional and retail investors. Consequently, Aave has grown to become one of the most popular DeFi apps in the world. It is one of the best cryptocurrencies to buy today and hold forever.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.