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Check out this list of cryptocurrencies to invest in!

admin by admin
July 8, 2022
in IT news
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Check out this list of cryptocurrencies to invest in!
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For months, the prices of cryptocurrencies have been falling sharply. There is a lot of frustration for many investors. But the good thing about the bear market is the opportunity to secure new coins at a low price for the future. The next bull market is coming. We present a list of cryptocurrencies in which you should invest.

Why are cryptocurrencies falling in recent months?

The crypto market is in a crisis. The prices of the most popular coins have lost massively in value over the past 9 months. Since November, the value of the largest cryptocurrencies has decreased by 70-80 percent. This is a bear market that has caused prices to collapse within a short period of time.

The bear market is not a surprising event. After all, the bear market also started in 2014 and 2018 after a massive bullrun at the end of the previous year. Even then, the prices of cryptocurrencies fell by about 70-80 percent. Bitcoin goes through a 4-year cycle. This cycle is also followed by the other cryptocurrencies.

What caused the onset of the bear market?

The bear market started in November 2021. Based on the analysis of the previous cycles, many analysts expected a later date. Furthermore, these analysts predicted that the prices of cryptocurrencies could rise more sharply. A Bitcoin at $ 100,000 and Ethereum at $10,000 were in the conversation.

However, there were some special circumstances that led to the fact that the Bitcoin price and thus the prices of the other cryptocurrencies fell faster:

  • At the end of 2021, a new variant of the corona pandemic spotted. This led to a drop in stock market prices. This also affected the crypto market.
  • The rising inflation led to the fact that the American Central Bank launched a more aggressive rhetoric and announced an increase in key interest rates. These announcements caused sales in the crypto market and amplified the losses.
  • The war in Ukraine caused further crises on the global financial markets and thus also influenced the cryptocurrencies.
  • In recent years, the Influence of stock markets on Bitcoin and other cryptocurrencies. Therefore, crises on the financial markets have a greater impact on the crypto market.

All these factors caused the bear market to accelerate in recent months, thereby amplifying the losses.

Now you have the opportunity to get into this cheap cryptospikings invest. To do this, just go to the Binance and Bitfinex exchanges!

What types of cryptocurrencies should you buy now?

With the onset of the bear market, we have to make friends with the fact that the profits in the crypto currencies will be much lower or that the prices will rather fall or at least remain stable at a low level. An investment should therefore be motivated in the long term. Because in the next bull market, prices should rise massively again. But this bull market is still far away.

The cryptocurrencies that you should buy now are cryptocurrencies that should still be relevant in several years and that are very likely to show large and sustainable growth in the long term. They should be worth several times more in 2-3 years than at the moment. You should look at a combination of growth potential and stability.

In the following, we would like to List of cryptocurrencies imagine in which an investment is now worthwhile with a bull market.

1. Bitcoin

Bitcoin is an obvious choice. It is the first and most important cryptocurrency in the world. The Bitcoin has proven itself for 13 years and has gone through several cycles. It is almost guaranteed that Bitcoin will gain massively in value again in a few years if we see a bull market again.

The Bitcoin will be more and more difficult to “manufacture” over the years. With each Bitcoin halving, the difficulty of Bitcoin mining increases. The cryptocurrency is deflationary in its structure. Therefore, the Bitcoin should increase in value over time.

2. Ethereum

The number 2 in the crypto market is always worth an investment. Because the Ethereum ecosystem continues to expand over time. Ethereum was the first blockchain to offer smart contract functions. This makes Ethereum the number 1 blockchain in decentralized applications such as DeFi and NFTs in 2022.

Ethereum is currently working on the completion of the update Ethereum 2.0. The consensus mechanism is based on proof-of-stake, which modernizes the blockchain. Transaction speeds are increasing and transaction costs are decreasing. Ethereum is well positioned for the future.

3. Cardano

The next name on the list of cryptocurrencies for investing is Cardano. Cardano is a blockchain network that is characterized by a further development based on scientific methods. Cardano’s blockchain is considered to be technically excellent, secure, decentralized and highly scalable.

Cardano has been in existence since 2017 and has been able to stay in the top 10 cryptocurrencies almost continuously in recent years. Cardano even has the potential to become a serious competitor for Ethereum in smart contracts.

4. XRP

XRP is the cryptocurrency of the payment network Ripple. For the past 1.5 years, Ripple has had to deal with a lawsuit with the SEC. This hurt the price in the last bull market. However, the legal dispute could soon be a thing of the past. Ripple is growing continuously and the XRP token should become very valuable in the future.

5. Solana

Unlike the cryptocurrencies mentioned so far, Solana is a relatively new project and has not yet experienced a bear market. However, Solana has an extremely high potential due to its extremely high transaction speeds and its high scalability. An extremely sharp increase in the price of the SOL token in the next bull market is not unlikely.

6. Dogecoin

We conclude the list of cryptocurrencies with the dogecoin. The Dogecoin is only a fun currency (meme coin), but has proven itself for several years and Bitcoin cycles. As a meme coin, there is always the potential for the price to rise even more extreme than with other cryptocurrencies. An investment at low prices could be enormously worthwhile for investors.

When can we expect returns?

The bear market should continue for some time after the experiences of the last few years in the crypto market. We may even see further losses in the coming months. However, the next bull market is definitely coming. From the Bitcoin halving in 2024, strong price increases are very likely.

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