It is official now that the crypto market is in a bearish cycle, and while we cannot predict how long it will last, we can make informed investment decisions.
Over the last five years, we've witnessed more than six crypto market crashes, and each time, it has become increasingly clear that relying on time-tested, sturdy cryptocurrencies is a wise strategy. These established cryptocurrencies not only have the potential to rebound faster during a bullish market, but they are also likely to lead the rallies of altcoins, positioning them as solid investments for the future.
Let’s look at these cryptocurrencies in detail.
Bitcoin has seen many ups and downs in the last 14 years. From 2008 when it was less than a dollar, to 2024 when it was 74,000 USD. Today, at the time of writing of this article, it is floating around 58,000 USD - almost 25% down from its peak.
But the best part about this cryptocurrency is that it is backed by many countries, companies, and now listed on the markets. What this means is that you can without doubt buy bitcoin when it is low and you are bound to get profits.
Second currency that you can buy with your eyes closed is Ethereum. It is a blockchain ecosystem. So, almost all blockchain projects use Ethereum as the backbone for their functionalities.
Moreover, Ethereum is also considered a very good currency to trade with. It has crossed over $4100 at its peak and right now it is available at $2800. What a discount to have!
BNB or Binance Coin
Third on our list is BNB, or Binance Coin. I personally love this coin because it's part of a platform I use daily for trading. If I’m using the product and satisfied with it, I feel confident investing in the platform.
If you’re still unsure, consider how strong the Binance ecosystem is. Binance is available in over 170 countries. The BNB coin was first introduced in 2017, when not many people were aware of the platform. However, post-COVID, Binance Coin surged to $650.
Currently, it’s trading at $519, so it’s definitely a great investment opportunity, as you’re getting it at a 30% discount.
Next in our list that I personally recommend everyone to buy is SOL or Solana. Solana is another blockchain platform that allows developers to create projects with faster speed and processing power. On average Solana can do 29,000 transactions in a second while Ethereum can only do 45 transactions.
So, if there is one cryptocurrency that has the most practical use cases, then that is Solana.
Next in the list is AVAX.
Why?
Because after these four coins I mentioned above, AVAX has a big market cap. This automatically makes it a stable cryptocurrency in comparison with other altcoins available.
The more people invested in a currency, the more likely it is to shoot back to its all time high during a bullish market. However, AVAX is not just hyped because of market capital. It also has a strong use-case. AVAX is a blockchain that is used by developers to create decentralized finance apps or DeFI apps.
When to invest in these cryptocurrencies?
Okay while I have told you about the cryptocurrencies in which you can invest. I will still suggest to act cautiously and not invest everything at once.
Usually bearish cycles are of two to three months just like bullish cycles.
So when investing your money, create segments.
For example, if you have $1000 that you would like to invest in cryptocurrencies. Then you should invest $100 to $200 each week. This means, it will take you around 5 weeks to invest in total.
Why is this important?
See if Bitcoin went down to 58,000 USD. And you invest everything, and then it went down further to 52,000 USD. You will not have anything else to invest.
You will then have to wait for a long period to reach the value at which you invested.
However, if you invest 30% of your amount at 58,000 USD and then again invest at 52,000 USD. Your average will be 55,000 USD and you will still have 30% more investment in hand to invest further if the market goes down.
