COINS TO CONSIDER IN THIS BEAR MARKET
We are projecting 1 billion crypto users by 2024 and 3 billion users by 2030. There is no way the market cap of this coin will not go up with so much money trying to get in. The first coin to consider is Bitcoin, and as you know already that Bitcoin remains the king of cryptocurrency. It has the most adoption with two countries and a few cities now making it legal tender. Institutional interest is also growing all the time, Blackrock launched a Bitcoin fund. You should know that despite the bear market the number of Bitcoin holders keeps increasing, and Bitcoin is not going anywhere.
The second coin to consider is Ethereum, the value proposition for Ethereum keeps becoming clearer every day. Right now, it is taking off creating a whole new wave of demand for Ethereum because you will need Ethereum to use the Ethereum layer 2. Defi and NFT have not gone anywhere, they are still popular and they will continue to add value to Ethereum in the next cycle. The economic feature of Ethereum is very interesting, Ethereum is now deflationary which will make the price skyrocket in the next bull run when demand increases and the supply continue to fall. You can not stake your ETH which is very interesting at around 7% APY. For instance, if you stake 10 ETH and wait for the next Ethereum peak which might come in late 2024, you will have an extra 1.4 profit from your staking. You can decide not to stake and just buy it and keep it in your wallet.
Bitcoin and Ethereum make up half of the whole cryptocurrency market with Bitcoin usually making 35 to 40% of the total crypto market cap and Ethereum making about 15 to 20 of the total market cap of the entire crypto market. Just buying Ethereum and Bitcoin during this bear market could give you a huge return in the next bull run.
Another coin we should consider is the Polygon's Matic token and you should know that in the last bull run, it when from 3 cents to 3 dollars. Of course, it will not do that again, it will be going to a 700 million market cap in the next bull run but we will not be surprised to see 15x in the next bull run. It is possible because Cardano has done it before which had staking as is the case. If Cardano could do that, how much more is Polygon who is a partner with Reddit, Disney, Nike, New bank, Instagram, Starbucks, and so on? There is a real potential for Polygon to be one of the top five coins if they do not screw things up.
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This is an informative post. Thank you for sharing
If is important to carry out research on coins before diving in especially this bear market.