Best Crypto To Buy In The Bear Market
Diversification is the key to purchasing cryptocurrencies, as it is not always necessary to purchase a specific coin. Almost all cryptocurrency products are used for a variety of purposes and have the potential to disrupt a variety of industries. The market risk of cryptocurrencies is extremely high. By diversifying your crypto portfolio, you lower your chances of significant loss. Thus, to diversify your portfolio, we have excellent options for you. This article will cover the top 15 cryptocurrencies to buy in 2023.
The 15 Best Cryptocurrencies To Buy
1. Bitcoin (BTC) – Best Crypto to Buy & Safe Store of Value
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To date, Bitcoin is by far the most widely used crypto. It is known as the “King of Cryptocurrencies,” Its main goal is to serve as global, peer-to-peer digital cash. Bitcoin is the only recommended cryptocurrency whose creator is unknown. Satoshi Nakamoto is the name of the creator of Bitcoin. Nobody knows who he or she is.
Bitcoin has the highest liquidity in the market, making it the best crypto to buy for beginners. There will be no difficulty in buying or selling Bitcoin, as there will always be someone to match your order.
Despite its volatility, Bitcoin is widely regarded as one of the most reliable cryptocurrencies. Bitcoin operates on a PoW (Proof-of-Work) system, which means that block rewards are given in Bitcoin to miners. Furthermore, the supply is limited: only 21 million coins will be mined. As demand grows, the price should rise significantly.
What makes Bitcoin an attractive investment? Share of the market. Did you know that Bitcoin makes up more than 60% of the total market capitalization of all cryptocurrencies? Because it is so popular, it has a lot of momentum, which makes it the best crypto to buy if you are starting or only trade a little.
2. Dogecoin (DOGE) – Meme Coin With Huge Online Followers
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Dogecoin is the best crypto to buy in for 2023. In terms of price movement, Dogecoin reached highs of $0.74 in 2021, giving the meme coin a market cap in the tens of billions of dollars.
Dogecoin, like other accepted cryptos, has since dropped significantly. In fact, Dogecoin is currently trading at a discount of more than 90% based on prices of $0.07 per token as of this writing.
It’s important to note that Dogecoin has one of the most significant holdings of tokens in the crypto market. Because of this, its community keeps growing. Not to mention the possibility of Twitter accepting Dogecoin in exchange for its Blue premium subscription.
3. Ethereum (ETH) – Solid Smart Contract Platform & Home of dApps
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Ethereum, a crypto and blockchain platform, is a favorite among programmers due to its potential applications, smart contracts that perform automatically when specific requirements are met, and NFTs.
The Ethereum ecosystem is the hub of over 1,500 distinct dApps from a variety of categories, including decentralized finance (DeFi), gaming, and social media. Ethereum has also seen explosive growth in the crypto space. Its price increased 14,301$ from April 2016 to the end of January 2023, rising from around $11 to $1,584.
4. MEMAG – Best Crypto to Buy Today for NFTs, P2E, & More
Meta Masters Guild is the best cryptocurrency to watch. MEMAG has just launched its highly anticipated presale campaign, which is expected to sell out quickly. In terms of project goals, Meta Masters Guide aims to revolutionize the play-to-earn gaming space by developing its native, blockchain-based ecosystem. It will be powered and backed by its cryptocurrency token.
MEMAG’s unique selling point is that it will offer decentralized games with real-world rewards for the mobile gaming market. However, all games will have a play-AND-earn component allowing users to earn and accumulate Gems. Those who have Gems can exchange their rewards for MEMAG tokens.
Another essential aspect of MEMAG games is that the players will own all in-game assets. It will be verified and stored on the Ethereum blockchain for security and transparency. Now for the presale. MEMAG tokens are currently in stage one of their presale campaign, trading at $0.007. The MEMAG presale accepts ETH and USDT as payment methods.
5. Tether (USDT) – Stablecoin Backed by Fiat Currencies
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Tether’s team is made up of skilled people who are eager to make an impact in the cryptocurrency industry. They have extensive knowledge of the financial sector, compliance, and technology. Since establishing the company in 2014, they have achieved various milestones together and are moving in the same direction.
USDT has developed a cutting-edge building block that enables businesses to offer seamless cross-border transactions. Tether tokens are used to provide liquidity on high-volume exchanges. It enables traders to profit from arbitrage opportunities in the shortest amount of time.
Stablecoins are cryptocurrencies that are pegged to fiat currencies such as USD. Their value moves in tandem with the major currencies to which they are linked. Tether tracks the USD value, and Tether reserves fully back the cryptocurrency. Tether’s value is said to be more stable than other cryptos, and it is preferred by investors who are worried about the extreme volatility of other coins.
What makes USDT the best crypto to buy? With a high market cap, USDT has surpassed BTC and ETH to become one of the top cryptocurrencies and the market’s leading stablecoin. As a result, the coin is recommended for investors to enter crypto trading.
6. Binance Coin (BNB) – Leading Exchange & Ecosystem Token
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Binance Coin (BNB) is a coin that can be used to trade and pay fees on Binance, one of the world’s largest crypto exchanges. Binance coin is classified as a utility token. It means that its utility and the level of demand within the Binance ecosystem determine its value.
Binance Coin has grown beyond simply facilitating trades on Binance’s exchange platform since its inception in 2017. It is now possible to use for trading, payment processing, and even booking travel arrangements. It can also be exchanged or traded for other cryptocurrencies, such as Ethereum or Bitcoin. Thus, Binance Coin is the best crypto to buy in 2023 for long-term growth.
7. Binance USD (BUSD) – Stablecoin Founded by Paxos & Binance
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Binance and Paxos have released BUSD, a stablecoin backed by fiat. Each BUSD token is backed by one US dollar in reserve. BUSD aims to provide a more stable crypto alternative for traders and investors looking to avoid the volatility of the digital asset market.
Paxos holds an amount of US dollars equal to the total supply of BUSD to maintain this value. BUSD, like other stablecoins, allows traders and crypto users to conduct transactions with other crypto assets while minimizing the volatility risk.
8. Cardano (ADA) – Scalable & Easier for Developers to Use
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Cardano was an early adopter of proof-of-stake validation. This method speeds up transactions and reduces energy and climatic impact. It is accomplished by removing transaction verification’s challenging, problem-solving element in systems like Bitcoin.
Cardano, like Ethereum, powers smart contracts and decentralized applications with its native coin, ADA. Compared to Ethereum and NEO, Cardano is more scalable and developer-friendly, thus adding to the list of best crypto to buy.
By adding two layers of technology, one for transferring value and the other for tracking ledger balances, it aims to be more scalable. Haskell and Plutus are Cardano’s programming languages. Charles Hoskinson co-founded Cardano and was also a co-founder of Ethereum.
You shouldn’t worry about crypto trading since Cardano has high trading volumes. In general, its volatility is greater than that of other major cryptocurrencies.
Why invest in ADA? Cardano is a good crypto today because it provides another hedge against Ethereum. Even though it isn’t quite as promising as NEO or Ethereum, it has potential and is worth monitoring, at the very least.
9. Tamadoge (TAMA) – Enter Tamaverse: Breed & Battle Virtual Pets for Rewards
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Tamadoge’s presale was one of 2022’s best. The project raised its $19 million hard cap quickly. TAMA, the digital token, is now listed on several reputable exchanges.
Tamadoge is creating a play-to-win virtual gaming world. Players create an NFT-backed virtual pet on the Ethereum blockchain. Some pets will have more abilities than others. Nonetheless, all pets can be trained before participating in battles. Players earn TAMA tokens in Tamadoge battles.
Players can also breed Tamadoge pets. It will create a unique pet that can fight. A newly bred Tamadoge pet’s strengths and weaknesses depend on its parents.
We also like that Tamadoge is creating its own metaverse, the Tamaverse. It will offer augmented reality and other immersive experiences. Tamadoge is another quality project that has suffered from the bear market. Because of this, TAMA tokens can be bought at a huge discount.
10. Lucky Block (LBLOCK) – Global Crypto Casino With Utility Native Token
Lucky Block is the best crypto to buy in 2023, especially if you want to invest at a significant discount. To put it briefly, Lucky Block created and launched its own native gambling website.
It includes not only thousands of casino games but also a sportsbook. It’s easy to see why Lucky Block has attracted thousands of users. For instance, players can wager Bitcoin and various other cryptocurrencies without providing personal details to Lucky Block.
Furthermore, Lucky Block provides withdrawals that are processed instantly. LBLOCK is the digital currency that supports the Lucky Block ecosystem. A market capitalization of $1 billion was reached by LBLOCK the quickest after its 2022 presale was completed.
Lucky Block has not been immune to the long-lasting crypto bear market. Consequently, LBLOCK’s value has decreased by more than 80% from its previous all-time high.
Since LBLOCK will eventually be accepted by the Lucky Block casino and sportsbook to deposit, bet, and withdraw money, this ensures that the token has real-world utility. Thus, LBLOCK is an excellent cryptocurrency to invest in right now.
11. Ripple (XRP) – Consistent Crypto & Official Token of Ripple
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XRP is a relatively stable crypto and the official token of the Ripple company. Ripple is a choice for currency exchange and payment settlement that can handle international transactions quickly and cheaply.
Ripple makes it possible for governments, financial institutions, and businesses all over the world to move, regulate, and tokenize value. Customers benefit from greater economic freedom at any time and from any location.
The price of XRP at the start of 2017 was $0.006. Its price reached $0.40 on January 31, 2023, representing a 6.5% increase.
12. ApeCoin (APE) – The Leading NFT Coin
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NFTs were one of the most significant innovations of the previous market cycle, and none had a more significant impact than Bored Ape Yacht Club. ApeCoin, its native token, is a crypto worth keeping and the best crypto to buy during the bear market.
ApeCoin is a fascinating investment opportunity because it is the currency of the Bored Ape Yacht Club ecosystem. The project’s team is currently developing a metaverse game and world that could become one of the biggest of the next market cycle.
13. Robotera (TARO) – Innovative Robot-Avatar Metaverse
Robotera is the best crypto to buy in 2023 for metaverse proponents. This project is creating its own metaverse and a robot-themed ecosystem.
Each user-customized virtual robot will be unique. Players will use their virtual robot to gather resources in the infinite Robotera metaverse. It includes buying virtual land. Robotera is possibly the best crypto to buy right now because metaverse real estate is growing rapidly. Players can build whatever they want on the land they buy.
The Robotera metaverse also lets players sell virtual land and real estate. Players can rent rooms in their custom hotel. Most importantly, NFTs support every virtual property and in-game item. It lets players sell or trade virtual items at any time.
TARO, the in-game digital currency, powers the Robotera metaverse. Token holders can use it for peer-to-peer virtual item trading. Robotera is in presale stage one. Stage two of the presale begins after 90 million TARO tokens are sold. The best way to stay informed about the presale is to join the Robotera Telegram group.
14. Calvaria (RIA) – Collectible NFT Cards With Play-to-Earn Rewards
Calvaria is the next best crypto to buy on this list. The project aims to bring classic battle card games to web 3.0 via blockchain technology and cryptocurrency. Calvaria – Duels of Eternity allows players to discover virtual worlds to collect battle cards backed by NFTs.
It means that the players will own the battle cards they collect. Additionally, due to the battle cards’ NFT status, they can be purchased, offered for sale, and even traded using the blockchain protocol.
Calvaria will stand out because it will use the “play-to-earn” idea. Due to this, players will be able to both enjoy an entirely immersive battle card experience and earn cryptocurrency rewards.
The Calvaria ecosystem’s native crypto token is RIA. Players can win rewards using this digital currency in battle card games and duals. In addition, since the token is still in the early stages of the presale, RIA can be bought as an investment.
15. Tron (TRX) – Layer 1 with Evident Stability
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Tron is yet another crypto with a strong leader, Justin Sun, one of cryptocurrency’s most wealthy and powerful men. TRX is a coin worthy as one of the best crypto to buy in a bear market.
However, TRX is much more than just Justin Sun. It’s a complete ecosystem that includes stablecoins, lending protocols, and games. Since the Tron ecosystem survived the previous bear market in 2018–20, there is a good chance it will be around during the upcoming bull market.
How Do You Buy Crypto?
Cryptocurrency, blockchain-secured digital money, can be bought on a crypto exchange or through certain broker-dealers. When purchasing cryptocurrency, remember that transaction fees can vary significantly between currencies. Also, keep in mind that investing in cryptocurrency is risky, so don’t put more money at risk than you can afford to lose.
Use Dollar Cost Averaging Strategy
Over time, this strategy produces comparable or better results than attempting to time the market.
Check Out Trustworthy Crypto Exchanges
| # | Exchange | Volume (24h) | Year Established | Country | Change (24h) |
|---|---|---|---|---|---|
| 1 | $ 5,059,622,836.58 | 2017 | Cayman Islands | 12.00% | |
| 2 | $ 850,961,438.38 | 2012 | United States | 9.00% | |
| 3 | $ 552,100,316.02 | 2011 | United States | 13.00% | |
| 4 | $ 256,725,505.25 | 2014 | Seychelles | 9.00% | |
| 5 | $ 204,130,958.99 | 2019 | Malta | 10.00% | |
| 6 | $ 89,070,906.85 | 2012 | British Virgin Islands | 7.00% | |
| 7 | $ 9,191,832.77 | 2019 | United States | 9.00% | |
| 8 | $ 1,008,221,300.71 | 2018 | British Virgin Islands | 12.00% | |
| 9 | $ 745,542,758.40 | 2017 | Seychelles | 13.00% | |
| 10 | $ 962,781,995.16 | 2013 | Seychelles | 3.00% |
How to Buy Cryptocurrency from an Exchange
You can use a cryptocurrency exchange to invest in crypto directly. Here’s how to purchase cryptocurrency via an exchange:
- Select the cryptocurrency exchange that you want to use.
- Create an account with a cryptocurrency exchange.
- Use fiat money to fund your account.
- Choose which cryptocurrency you want to purchase.
- Place a buy order for the cryptocurrency of your choice.
- Use a digital wallet to store your cryptocurrency.
As a crypto investor, you must figure out how much of your portfolio to put into digital assets. Investors should look over their whole portfolio every so often to see if they need to rebalance their holdings. Depending on your investment objectives and other financial needs, this may require expanding or reducing your crypto exposure.
How to Store Crypto Assets?
One of the most important aspects to consider when purchasing cryptocurrency is how to store it. You can store crypto in various ways, including hardware devices, applications, and even simple pieces of paper. Once you understand each storage method better, you can select the best crypto wallet (or wallets) that will keep your cryptocurrency safe.
Use a Custodial Wallet
One could say that the default method for storing cryptocurrency is a custodial wallet. A third party stores your cryptocurrency for you, either cold (offline), hot (online), or a combination of the two. Coins purchased from crypto exchanges, applications, or stock brokers are frequently stored in a custodial wallet under their control. You can move it to your hot or cold wallet if you want to keep it.
Use a Cold Wallet
A cold wallet is a cryptocurrency wallet that is kept offline. Several methods for storing cold crypto include creating your own free paper wallet. On the other hand, a hardware wallet is the most common type of cold wallet.
Small devices, known as hardware wallets, connect to your computer and store cryptocurrencies. They use the internet to send and receive cryptocurrency; otherwise, they keep your funds offline.
Use a Hot Wallet
A hot wallet is an online cryptocurrency storage application. Hot wallets are usually accessible as desktop and mobile apps but can also be accessed via the web.
Use a Physical Wallet
Another type of cold storage is a physical crypto wallet, also defined as a paper wallet. Public and private keys are printed in a paper wallet, typically as a string of characters and QR codes that can be scanned.
FAQs
Is Crypto a Good Investment?
Crypto is a high-risk investment domain due to its inherent volatility. On the other hand, the risk is not always a bad thing; it is a two-way street. Losses can be substantial, but gains have equal potential. All you need as an investor is the skill to eliminate the duds and focus on the gems quickly. If you plan to invest in cryptocurrency shortly, some of the coins mentioned above, such as Bitcoin, Ethereum, Binance Coin, and Cardano, are worth keeping an eye on.
How Do You Buy Crypto?
Cryptocurrencies can be purchased through cryptocurrency exchanges such as Kraken, Coinbase, or Gemini. Furthermore, some brokerages, such as WeBull and Robinhood, allow customers to purchase cryptocurrencies.
Why is Bitcoin Valuable?
The availability of Bitcoin contributes to its value. The maximum supply of Bitcoin is set at 21 million coins. There are currently 19 million coins in circulation. Bitcoin rewards crypto miners with a fixed amount of Bitcoin to generate supply. The Bitcoin mining rewards are halved roughly every four years to maintain control over the process.
In Summary
In conclusion, this guide has shown the 15 best cryptos to watch and buy in the months ahead for long-term growth before the next bull market begins in 2023. To ensure that investors can diversify and, thus, mitigate their exposure, we discussed several projects with varying objectives and goals.