The crypto market has crashed significantly in June 2022 – but that doesn’t make it a bad time to buy crypto.
Bitcoin has a tendency to fall 80% from all-time highs. In 2018, for example, Bitcoin fell to $3,000 from an all-time high of $20,000 in late 2017. If you’d bought $1,000 of Bitcoin at the 2018 low your portfolio would now be worth $6,600.
In fact – more than 50% of Bitcoin addresses are still in profit, according to on-chain data. The tragedy of crypto bear markets is oftentimes the inexperienced investors who sell instead of buy.
Below are three major cryptocurrencies to consider if you want to buy crypto in June 2022.
EverGrow Coin – the evolution of passive income
The price of EverGrow Coin today is $0.0000001682.
EverGrow Coin has grown 19% in the past 24 hours and is one of few cryptocurrencies to have recovered losses over the past week.
Chairman of EverGrow Coin, Sam Kelly, has been vocal in calling EGC a ‘share’ rather than a ‘currency’. This distinction comes from Kelly’s background in leading a top European investment firm, but also from the way EverGrow Coin has generated $37 million in passive income for investors since September last year.
EverGrow Coin charges a 14% transaction tax. From this, 8% is distributed immediately in the BUSD stablecoin, with 3% set aside for liquidity, 2% for buyback & burn and 1% for marketing. While a 14% transaction tax may seem steep there are advantages over other DeFi projects promising high APY.
For example, the collapse of Terra Luna more recently Celsius showed that protocols offering APYs between 17-19% struggled to produce during a bear market as yields collapsed and billions of dollars fled the crypto market. Meanwhile, a 14% transaction is infinitely scalable and allows for passive income during bear and bull markets.
EverGrow Coin is about to drop its first application – the LunaSky NFT marketplace – which will compete with OpenSea and generate more passive income for EverGrow Coin holders.
BNB – powering the largest crypto exchange
The price of BNB today is $213.
Though the price of BNB is at its lowest level since January 2021, the market share of BNB has risen from 0.7% back then to 3.9% today. BNB today is the 5th largest cryptocurrency by market cap and powers the world’s largest crypto exchange by daily trading volume – Binance.
While major crypto companies like Coinbase, Crypto.Com, and Bybit have announced job cuts, Binance has announced it is hiring even in the current bear market. Binance is continually revealing more and more use cases for BNB, with travel bookings and taxis the latest update.
Holding BNB also offers crypto traders lower transaction fees in the Binance trading app.
These reasons and a famously user-focused approach make BNB a good bet if you want to buy crypto in June 2022.
Bitcoin – the original cryptocurrency
Bitcoin remains the largest cryptocurrency in the market, with a 42.35% market share.
Bitcoin price predictions suggest the token could fall to as low as $13,000 before recovering – this would be an 80% drop from the November all-time high of $69,000. But regardless of market volatility Bitcoin remains a good choice if you want to buy crypto in 2022.
Major investment firms and hedge funds have been choosing Bitcoin in recent months. Furthermore, Bitcoin is always the first to gain merchant adoption and increasing use cases. For example, this week alone Visa has rolled out crypto-enabled cards in South America which allow for cashback in Bitcoin.
It comes after real estate agencies, car firms like Porsche, top fashion outlets like Gucci and many more key industry players have announced Bitcoin acceptance in recent months. In Spain, last month saw the first sale of a house with only Bitcoin as payment.
The crypto market could well face many more weeks or even months in a bearish cycle. However, when the market recovers, Bitcoin is likely to be at the forefront of the next bull rally.
