Bear

4 Altcoins to Invest in During a Bear Market

Keen crypto investors or crypto aficionados who usually keep a close eye on the market know that we are currently undergoing a bear market. This is somewhat understandable since most cryptocurrencies are usually traded in terms of Bitcoin and, as we all know, Bitcoin has continued to fall for quite a while now.

Be that as it may, the blockchain industry has a lot to offer when it comes to investment opportunities even in the middle of a bear market. Instead of selling everything and withdrawing from the market, think of a bear market as the perfect opportunity to carve out future profits by smartly investing in promising projects, of which there are many.

To help you in your future endeavors, we have put together a list of 4 altcoins that are worthy of your attention if you’re looking to invest during a bear market:

Binance Coin (BNB)

Binance Coin (BNB) is the official coin of Binance, the world’s largest and fastest-growing cryptocurrency exchange service. Since Binance is experiencing rapid growth, investors can very well expect the same to happen to Binance Coin. The coin was launched through a thoroughly managed ICO which released a total number of 200 million BNB tokens.

The power behind the Binance Coin comes from its outstanding utility. The coin can be used to get discounts on trading fees. While using Binance Coin on Binance exchange, investors are guaranteed to receive a 50% discount in the first year, 25% discount in the second year, 12.5% discount in the third year, and 6.5% in the fourth year.

Since the exchange has promised to burn 50% of the total coins remaining in circulation, investors can expect a positive surge of price during the year. Since its launch, Binance Coin has seen an impressive market performance among the top 20 cryptocurrencies. As of this writing, Binance Coin is ranked 15th on CoinMarketCap with a market capitalization of 1,606,682,120 and a circulating supply of 114,041,290 BNB.

Binance

Ethereum Classic (ETC)

Next on the list is Ethereum Classic (ETC), a crypto project that has made multiple headlines and is regarded by most as having the potential of becoming the next big coin. This blockchain project has one of the most interesting stories behind its creation. It’s associated with the creation and hacking of the DAO, the Distributed Autonomous Organization.

DAO’s main purpose was to provide its users with a decentralized business model. Investors would send money to the DAO in exchange for voting tokens. The investors could use them to vote in a democratic system in regards to how the funds should be invested.

Unfortunately, the DAO was hacked, and $50 million were stolen. A big proportion of the community decided to change the code of Ethereum to send the funds back to the investors. However, another portion of the community disagreed with the action and refused to make the switch, hence, they continued to use the original Ethereum blockchain, which was later renamed to Ethereum Classic.

Even though Ethereum Classic is still very much behind Ethereum in terms of market capitalization, there have been promising price increases as of late. A lot of investors see ETC as a potentially good pick for cryptos that will make a big return in 2018, especially the anti-ETC sentiment will slowly but surely run out of steam. Ethereum Classic is currently ranked 16th on CoinMarketCap, with a total capitalization of 1,495,521,990 and a circulating supply of 102, 597,450 ETC.

ETC

Ripple (XRP)

Ripple (XRP) is another crypto project that has been garnering a lot of attention from investors, as it has a lot of things going for it. The main concept behind Ripple is that of a distributed ledger network.

This means that there’s no single centralized authority, but multiple parties are required to participate in the validation of transactions. One of the best things about Ripple is the fact that, unlike other cryptos, its transfers are immediate, requiring no typical confirmation time.

Powered by powerful technology, Ripple is capable of processing more than 1500 transactions per second. In fact, it’s said that the Ripple system is so capable that it could very well replace international payment systems without much problems while still being able to reduce costs. Ripple has already seen a good adoption rate, a rate that is sure to improve in 2018.

Couple that with the fact that Ripple has already partnered with some very big businesses (MoneyGram, UniPay, RationalFX, MoneyMatch, Western Union, Exchange4Free, FairFX) and that every bank is a potential Ripple partner, it’s easy to see why Ripple is a very promising project that’s worth investing in. Ripple is currently ranked 3rd on CoinMarketCap with a total market capitalization of $17,991,496,840 and a circulating supply of 39,262,084,448 XRP.

Ripple

Huobi Token (HT)

The launch of the Binance Coin (BNB) has inspired a fair share of popular exchanges to follow in the same footsteps. One of the biggest names in the crypto exchange world to take similar actions as Binance is Huobi. Hence, on 3rd February 2018, the Singapore-based exchange introduced the Huobi Token (HT). Traders can acquire this ERC-20 token by purchasing “point cards” from the exchange in question.

Huobi

Even though it’s a fairly new project, Huobi Token has managed to carve its way to the half of CoinMarketCap’s top 100 list. This is due to the fact that it’s backed up by one of most competitive crypto exchanges, and also because all investors are required to invest a minimum of 100 Huobi Tokens.

Huobi Token is currently ranked 54th on CoinMarketCap with a capitalization of $186,976,748 and a circulating supply of 50,000,200 HT. The Huobi Token (HT) can be traded at the price of $3.74 per one unit.

token

We hope that this article made you aware of some of the best investment opportunities despite the bear market. However, we recommend that you conduct your own thorough research before actually committing to invest in any of the cryptocurrencies mentioned above.

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