{"id":9908,"date":"2022-06-27T19:57:47","date_gmt":"2022-06-28T00:57:47","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=9908"},"modified":"2022-06-27T19:57:49","modified_gmt":"2022-06-28T00:57:49","slug":"7-cryptos-to-buy-for-a-bear-market","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=9908","title":{"rendered":"7 Cryptos to Buy for a Bear Market"},"content":{"rendered":"\n<p><strong><em>These cryptos are trading cheaply and could pay plenty of dividends down the line<\/em><\/strong><\/p>\n\n\n\n<ul><li><strong>Bitcoin<\/strong>\u00a0(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/btc\/\"><strong><u>BTC<\/u><\/strong><\/a>): Legitimacy has digital gold will continue to increase over time<\/li><li><strong>Ethereum<\/strong>\u00a0(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/eth\/\"><strong><u>ETH<\/u><\/strong><\/a>): The Merge will usher in a growth phase for the Ether<\/li><li><strong>Solana<\/strong>\u00a0(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/sol\/\"><strong><u>SOL<\/u><\/strong><\/a>): Solana&#8217;s powerful and inexpensive blockchain network positions it as a true Ethereum killer<\/li><li><strong>Cardano<\/strong>\u00a0(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/ada-usd\/\"><strong><u>ADA-USD<\/u><\/strong><\/a>): Systematically addressing network concerns to become an even bigger juggernaut in the market<\/li><li><strong>Decentraland<\/strong>\u00a0(<strong><a href=\"https:\/\/investorplace.com\/cryptocurrency\/mana-usd\/\">MANA-USD<\/a><\/strong>): The pick of the metaverse-related coins in the burgeoning blockchain space<\/li><li><strong>Dogecoin<\/strong>\u00a0(<strong><u><a href=\"https:\/\/investorplace.com\/cryptocurrency\/doge-usd\/\">DOGE-USD<\/a><\/u><\/strong>): DOGE isn&#8217;t going anywhere due to its strong community support and infrastructure developments<\/li><li><strong>Algorand<\/strong>\u00a0(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/algo-usd\/\"><strong><u>ALGO-USD<\/u><\/strong><\/a>): Solving the blockchain trilemma with considerable aplomb<\/li><\/ul>\n\n\n\n<p>The crypto market is going through its biggest dips in recent memory. Most of the gains made over the past couple of years have faded. Cryptocurrencies across the board, including the market\u2019s barometer in Bitcoin, have taken a massive beating. Hence, it\u2019s clear that we\u2019ve entered a bear market.<\/p>\n\n\n\n<p>Does that mean that we\u2019re witnessing the end of the crypto boom? Certainly not! Over the past couple of years, cryptocurrencies have attracted massive institutional investor interest, partnerships, and immense trading activity.<\/p>\n\n\n\n<p>The market has come of age and offers more real-world utility than ever before. Many top cryptocurrencies aren\u2019t moving purely on hype anymore, as their use-cases have added significantly to their long-term growth runways. Having said that, let\u2019s dive a little deeper into seven cryptos to buy for a bear market<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/btc\/\"><strong><u>BTC<\/u><\/strong><\/a><\/td><td>Bitcoin<\/td><td>$20,511.47<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/eth\/\"><strong><u>ETH<\/u><\/strong><\/a><\/td><td>Ethereum<\/td><td>$1,105.33<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/sol\/\"><strong><u>SOL<\/u><\/strong><\/a><\/td><td>Solana<\/td><td>$36.42<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/ada\/\"><strong><u>ADA<\/u><\/strong><\/a><\/td><td>Cardano<\/td><td>$0.470002<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/mana\/\"><strong><u>MANA<\/u><\/strong><\/a><\/td><td>Decentraland<\/td><td>$0.884865<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/doge\/\"><strong><u>DOGE<\/u><\/strong><\/a><\/td><td>Dogecoin<\/td><td>$0.063497<\/td><\/tr><tr><td><a href=\"https:\/\/investorplace.com\/cryptocurrency\/algo\/\"><strong><u>ALGO<\/u><\/strong><\/a><\/td><td>Algorand<\/td><td>$0.322864<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3><strong>Bitcoin<\/strong>&nbsp;(<strong>BTC<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><a href=\"https:\/\/investorplace.com\/wp-content\/uploads\/2022\/04\/bitcoin_btc-usd1600.png\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2022\/04\/bitcoin_btc-usd1600-300x169.png\" alt=\"Up trend Technical graph of Bitcoin (BTC-USD) in futuristic concept, BITI ETF is a Bitcoin short fund for investors betting against Bitcoin.\" class=\"wp-image-2218954\"\/><\/a><\/figure><\/div>\n\n\n\n<p>It\u2019s been a sorry tale for&nbsp;<strong>Bitcoin<\/strong>&nbsp;(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/btc\/\"><strong><u>BTC<\/u><\/strong><\/a>) over the past several months. The crypto stalwart retraced&nbsp;<a href=\"https:\/\/seekingalpha.com\/news\/3849784-bitcoin-sinks-below-20000-crypto?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A7\" target=\"_blank\" rel=\"noreferrer noopener\">below the $20,000 mark<\/a>&nbsp;for the first time since 2020. It\u2019s down over 60% year-to-date, and the current risk-off sentiment doesn\u2019t bode well for its near-term future.<\/p>\n\n\n\n<p>Nevertheless, its growing use as \u201cdigital gold\u201d won\u2019t stop anytime soon. With a finite supply of 21 million coins, a laundry list of use cases, and growing legitimacy across multiple institutions and governments, it will continue to flourish at a staggering pace over the long term.<\/p>\n\n\n\n<p>We\u2019ve seen how institutional investors have been shoring up bitcoin, and investment banks such as Goldman Sachs operate a dedicated Bitcoin trading desk. Moreover, plenty of Bitcoin-related exchange-traded funds and multiple fintech players accept it as a payment option. Hence, BTC is here to stay and will continue to reach new heights in a more conducive environment.<\/p>\n\n\n\n<h3><strong>Ethereum<\/strong>&nbsp;(<strong>ETH<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/10\/ethereum-1600-300x169.jpg\" alt=\"A concept image of a virtual coin based on the Ethereum logo.\" class=\"wp-image-2085746\"\/><\/figure><\/div>\n\n\n\n<p><strong>Ethereum<\/strong>&nbsp;(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/eth\/\"><strong><u>ETH<\/u><\/strong><\/a>) is the second-largest crypto in terms of market cap and arguably the one that has exhibited the most real-world utility. Seeing the carnage right now, most investors feel they might\u2019ve missed a golden opportunity they probably won\u2019t see again.<\/p>\n\n\n\n<p>That seems like a far-fetched notion, at least over the long term. For starters, Ethereum is inching closer to transitioning towards a proof-of-stake model, which would significantly improve transaction times and user fees. Currently, the platform can only handle roughly 30 transactions per second, but that number could be up to 100,000 transactions per second once the update is complete.<\/p>\n\n\n\n<p>Moreover, it would require\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/decrypt.co\/resources\/what-is-ethereum-2-0\" target=\"_blank\">a massive 16,384 validators<\/a>\u00a0for a transaction to be approved, making it more secure and decentralized. With better scalability and security after the \u2018Merge,\u2019 Ethereum is poised for big things ahead.<\/p>\n\n\n\n<h3><strong>Solana<\/strong>&nbsp;(<strong>SOL<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2022\/04\/solana_sol-usd1600-300x169.png\" alt=\"Solana Coin (SOL-USD) in front of the Solana logo. Solana price predictions.\" class=\"wp-image-2215042\"\/><\/figure><\/div>\n\n\n\n<p><strong>Solana<\/strong>&nbsp;(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/sol\/\"><strong><u>SOL<\/u><\/strong><\/a>) &nbsp;is among the fastest and most inexpensive blockchain networks that have emerged as the leading NFT powerhouse.<\/p>\n\n\n\n<p>It\u2019s built an incredible platform ecosystem of designers, developers, and investors. Moreover, it continues to show innovative new use-cases, which range from decentralized finance to blockchain gaming.<\/p>\n\n\n\n<p>SOL offers&nbsp;<a href=\"https:\/\/www.asiacryptotoday.com\/solana-sol-guide-a-blockchain-with-a-capacity-of-50000-tps\/\" target=\"_blank\" rel=\"noreferrer noopener\">a remarkable capacity of 50,000 transactions<\/a>&nbsp;per second, compared to just 30 transactions per second for Ethereum. The platform is also based on a proof-of-stake mechanism, which ETH is looking to replicate in the coming months.<\/p>\n\n\n\n<p>Also, Solana moved into the fintech space with a service called Solana Pay. This leading block-based payments service allows users to purchase various goods and services using its native token.<\/p>\n\n\n\n<h3><strong>Cardano<\/strong>&nbsp;(<strong>ADA-USD<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/04\/ada-5-300x169.jpg\" alt=\"Cardano (ADA) token with blue and orange digital background.\" class=\"wp-image-1901643\"\/><\/figure><\/div>\n\n\n\n<p><strong>Cardano<\/strong>&nbsp;(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/ada-usd\/\"><strong><u>ADA-USD<\/u><\/strong><\/a>)&nbsp;is a crypto project that offers a clear roadmap for future development. Every update in its upgrade cycle is looking to address a specific issue.<\/p>\n\n\n\n<p>There are five core areas that each update looks to address, which include smart contracts, decentralization, scaling, governance, and foundation. In no particular order, these core areas will ensure that the platform emerges as a major contender in the crypto space.<\/p>\n\n\n\n<p>ADA is currently&nbsp;<a href=\"https:\/\/beincrypto.com\/cardano-ada-scaling-plans-move-to-basho-phase-for-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">transitioning towards the Basho phase<\/a>, which will look to improve scalability and take the pressure on the blockchain through sidechains. Moreover, with the implementation of smart contract functionality, ADA has been incredibly successful in adding over 2,000 new scripts.<\/p>\n\n\n\n<p>These scripts point towards the platform\u2019s increasing popularity as a smart contract option, which seems to be just getting started in its growth journey.<\/p>\n\n\n\n<h3><strong>Cryptos to Buy for a Bear Market:&nbsp;<\/strong><strong>Decentraland<\/strong>&nbsp;(<strong>MANA-USD<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/12\/shutterstock_2026545647-8-300x169.png\" alt=\"Screenshot of blockchain nft ethereum cryptocurrency game Decentraland (MANA) logo on laptop, mobile phone\" class=\"wp-image-2131002\"\/><\/figure><\/div>\n\n\n\n<p><strong>Decentraland<\/strong>&nbsp;(<strong><a href=\"https:\/\/investorplace.com\/cryptocurrency\/mana-usd\/\">MANA-USD<\/a><\/strong>)&nbsp;is one of the few blockchain-based metaverse platforms that made a huge mark on the sector. It comprises over 90,500 parcels of virtual land where users can effectively customize their experiences.<\/p>\n\n\n\n<p>Its 3D virtual world of the crypto network allows users to build real estate, communicate with other players, and for brands to gain exposure. Therefore, it can effectively become a fully-functioning economy, where virtual items can be effectively traded on the Decentraland Marketplace.<\/p>\n\n\n\n<p>Estimates suggest that the blockchain sector could\u00a0<a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/blockchain-technology-market-90100890.html#:~:text=%5B441%20Pages%20Report%5D%20The%20Blockchain,68.4%25%20during%20the%20forecast%20period.\">grow to $67.4 billion<\/a>\u00a0by 2026, including social media, live streaming, e-sports, and other related elements. NFTs serve as proof of ownership in the platform, while native tokens serve as in-game currency. These two elements set the stage for a dynamic virtual ecosystem.<\/p>\n\n\n\n<h3><strong>Dogecoin<\/strong>&nbsp;(<strong>DOGE-USD<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img src=\"https:\/\/investorplace.com\/wp-content\/uploads\/2021\/04\/doge-7-300x169.jpg\" alt=\"Concept art for Dogecoin (DOGE).\" class=\"wp-image-1900138\"\/><\/figure><\/div>\n\n\n\n<p><strong>Dogecoin<\/strong>&nbsp;(<strong><u><a href=\"https:\/\/investorplace.com\/cryptocurrency\/doge-usd\/\">DOGE-USD<\/a><\/u><\/strong>)&nbsp;is one of the top meme-themed cryptocurrencies out there, posting thrilling price gains during the pandemic years. It was among the top performers last year, posting over a 15,000% gain in 2021, reaching an all-time high of 74 cents.<\/p>\n\n\n\n<p>It remained of major interest to some of the biggest investors and entrepreneurs of our time in Elon Musk and Mark Cuban. Musk\u2019s tweets in particular had plenty to do with DOGE growing in popularity,&nbsp;<a href=\"https:\/\/seekingalpha.com\/news\/3849804-dogecoin-surges-after-elon-musk-tweets-his-support-says-hes-buying?source=content_type%3Areact%7Csection_asset%3Amore-on%7Csection%3Aright_rail%7Cfirst_level_url%3Aarticle%7Cline%3A3%7Cpos%3Aundefined\" target=\"_blank\" rel=\"noreferrer noopener\">a trend that hasn\u2019t stopped<\/a>.<\/p>\n\n\n\n<p>Moreover, the tweaks to the system have fostered a more nimble system for cheaper transactions and faster digital payments. With strong community support and infrastructure improvements, it should be able to weather the storm and survive the broad-based sector declines.<\/p>\n\n\n\n<h3><strong>Cryptos to Buy for a Bear Market: Algorand<\/strong>\u00a0(<strong>ALGO-USD<\/strong>)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-full is-resized\"><a href=\"http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/06\/algorand.png\"><img loading=\"lazy\" src=\"http:\/\/blog.jlbn.net\/wp-content\/uploads\/2022\/06\/algorand.png\" alt=\"\" class=\"wp-image-9909\" width=\"300\" height=\"169\"\/><\/a><\/figure><\/div>\n\n\n\n<p><strong>Algorand<\/strong>&nbsp;(<a href=\"https:\/\/investorplace.com\/cryptocurrency\/algo-usd\/\"><strong><u>ALGO-USD<\/u><\/strong><\/a>) is one of the more innovative blockchain platforms, with a key focus on decentralization, scalability, and security. It\u2019s a developer-friendly crypto platform that never forks and supports multiple programming languages. Moreover, it\u2019s built on a modified&nbsp;<a href=\"https:\/\/www.fool.com\/investing\/stock-market\/market-sectors\/financials\/cryptocurrency-stocks\/proof-of-stake\/\">proof-of-stake<\/a>&nbsp;system which allows for efficient transaction processing, resulting in whopping speeds close to 1,000 transactions per second.<\/p>\n\n\n\n<p>With its robust real-world utility, Algorand has continued to expand its partnerships with various private and public entities. For instance, The Republic of the Marshall Islands uses ALGO as its national digital currency. Moreover, it is also building the blockchain infrastructure for El Salvador with the software company Koibanx. It also acquired two of the most popular music file-sharing services in Limewire and Napster.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>These cryptos are trading cheaply and could pay plenty of dividends down the line Bitcoin\u00a0(BTC): Legitimacy has digital gold will<\/p>\n","protected":false},"author":1,"featured_media":9910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3472,3440,3426,3441,3482,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9908"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9908"}],"version-history":[{"count":2,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9908\/revisions"}],"predecessor-version":[{"id":9912,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/9908\/revisions\/9912"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/media\/9910"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9908"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}