In the world of crypto, a bear market indicates a period where prices generally fall. This phase, although often seen as negative, can be a strategic time to invest.

In this guide, we’ll analyze the best crypto to buy during the bear market. We’ll focus on options that have shown resilience and potential for recovery. We’ll also discuss when the bear market begins and ends and what type of crypto to purchase during this period.

Best Crypto to Buy in the Bear Market

  1. Dogecoin20 – Enhancing the Doge spirit with innovative staking
  2. Slothana – Presale offers seamless $SOL contributions for instant airdrop rewards
  3. 5th Scape – Access premium VR content, unlock in-game features, and foster community growth
  4. Sponge V2 – Stake Sponge V1 to reserve and earn Sponge V2 tokens
  5. Smog – The reigning meme coin on Solana, offering an epic airdrop and fierce liquidity
  6. eTukTuk – Spearheading global EV adoption, environmental preservation, and inclusive economic growth
  7. Bitcoin Minetrix – Innovative stake-to-mine framework, offering a new path from usual cash contracts
  8. Scorpion Casino – Earn up to 10,000 USDT daily with 200+ casino games and 160 live games
  9. Poodl Inu – Join Poodl Inu’s presale now, with 10% of tokens reserved for DEX liquidity
  10. Bitcoin ETF Token – A unique tie to the Bitcoin ETF scenario, an attractive staking APY, and strong community support since its launch.
  11. Binance Coin – A native Binance token that can be held to earn discounts on trading fees.
  12. Ethereum – The largest altcoin in the world, offering smart contract functionality.
  13. Bitcoin – The oldest and largest cryptocurrency in the world, Bitcoin (BTC) is the most popular digital asset. 
  14. Polkadot – This is a sharded multichain protocol facilitating inoperability with the ability to handle over 1,000 transactions per second. 

Full Analysis of the Best Cryptos to Buy During the Bear Market

Below is our full analysis of the top coins to buy during the bear market.

1. Bitcoin ETF Token – Overall Best Crypto To Buy During The Bear Market That Offers High Passive Income Via Staking

The Bitcoin ETF Token ($BTCETF) is emerging as one of the best cryptos to buy during the bear market, especially for those interested in leveraging the developments surrounding Bitcoin ETFs.

Bitcoin ETF Token Presale

One of the key features of $BTCETF is its staking program, offering an extraordinarily high Annual Percentage Yield (APY). 

Initially, the APY was over 1100% during the early presale phase. $BTCETF uses a deflationary model, where significant portions of its total supply (2.1 billion tokens) are set to be burned. 

These burns are triggered by achieving specific milestones related to Bitcoin ETFs and $BTCETF’s market performance. These include reaching $100 million in trading volume for $BTCETF, the approval and launch of the first Bitcoin ETF, the collective assets of Bitcoin ETFs hitting $1 billion, and Bitcoin’s price surpassing $100,000. 

Each milestone triggers a 5% token burn, which, coupled with a decrease in trading tax, improves the token’s value by reducing its supply.

Bitcoin ETF Token - Staking

The project has already gained community trust, with over 18 million tokens staked through a Coinsult-verified smart contract. 

Staying updated on developments is crucial, and interested users can follow the project on its official social media channels like X (Twitter) and join the Telegram group for real-time updates and discussions. 

Reading the Bitcoin ETF Token whitepaper is also essential for thoroughly understanding the project’s roadmap and strategic objectives.

Investors can buy $BTCETF tokens using Ethereum, Tether, Binance Coin, MATIC, or card payments.

Hard Cap $4.956 Million
Total Tokens 2.1 Billion
Tokens available in presale 840 Million
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase NA
Purchase with USDT, ETH, BNB, MATIC, Card

2. Bitcoin Minetrix – Crypto To Buy During Bear Market That Offers A Unique Stake-to-Mine Model For Passive Income

Bitcoin Minetrix is the next best crypto to buy during a bear market, offering a promising alternative to traditional Bitcoin mining practices.

It recently launched its presale with the vision to launch the first-of-its-kind “Stake-to-Mine” model. This system simplifies Bitcoin mining, making it user-friendly, environmentally sustainable, and accessible to a broader audience.

bitcoin minetrix

Bitcoin Minetrix raised over $500,000 within a 10-day post-launch window, highlighting strong initial investor trust.

The platform has a total of 4 billion $BTCMTX tokens. From this, 42.5% is dedicated to mining operations, while 7.5% is set aside for staking. 

Buyers can grab the $BTCMTX tokens at $0.0124 at present time. Per the Bitcoin Minetrix whitepaper, users stake the native $BTCMTX ERC-20 tokens and are awarded non-tradable mining credits in return. 

The more these credits are burned, the more BTC rewards the user earns. This mechanism, housed within an integrated dashboard, offers users a comprehensive view of their expected returns, hashing capacities, and details about their mining credits. All these operations are accessible from both desktop and mobile interfaces.

Traditional Bitcoin mining often involves centralized entities using energy-intensive hardware. Bitcoin Minetrix’s cloud mining model counters this by significantly reducing environmental impact, making it a preferred choice for eco-friendly crypto enthusiasts.

With concerns surrounding scams in traditional cloud mining, Bitcoin Minetrix seeks to offer a more secure method. The platform ensures improved security by offering mining credits for staked tokens, keeping potential fraud in check.

Also, if users choose to opt out, unstaking and selling their tokens based on current market rates is straightforward.

Interested users can track real-time updates by following Bitcoin Minetrix on its official X (Twitter) handle or joining its Telegram group.

Token $BTCMTX
Total Tokens 4 Billion
Tokens available in presale 2.8 Billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $10
Purchase with USDT, ETH, BNB, Bank Card

3. Binance Coin – Native Token of Major Blockchain and Exchange

Binance is the world’s biggest cryptocurrency exchange by daily trading volume. Its native token, BNB, may be considered one of the most popular investments during a Black Friday crypto bear market. BNB is built on the Binance blockchain and can be used to settle fees on the exchange of the same name.

BNB also comes with discount perks on the platform and can be used as payment for services and goods. Because BNB tokens have various use cases, Binance Coin has remained a top 10 cryptocurrency by market capitalization.

Binance Coin review

Some market commentators argue that BNB is the best crypto to buy during any season. Based on its price at the time of writing, Binance Coin is trading at a 59% discount when compared with its all-time high of $669 in May 2021. At the time of writing, Binance Coin is priced $281.94 .

Its market capitalization at this time is over $43 billion. Whilst Binance Coin is still a large-cap currency, it is trading at a fraction of its previous valuation of $109 billion.

4. Ethereum – Large-Cap Crypto With Smart Contract Capabilities

By market capitalization, ETH is the second-largest cryptocurrency. Ethereum has been around since 2015 and is a top choice for investors during a cryptocurrency bear market. Ethereum has also established itself as one of the top platforms for decentralized apps.

The Ethereum blockchain supports smart contracts that are compatible with a wide range of applications, and it has emerged as the platform of choice for developers. Ethereum moved over to a proof-of-stake in its ETH 2.0 merge.

Ethereum review

Proof-of-stake replaces the energy-intensive proof-of-work consensus technique previously used by the network. As such, one of the main critiques of the crypto industry is being addressed, which is predicted to cut Ethereum’s carbon footprint by up to 99.95%.

For many, ETH is the best crypto to buy during this dip. At the time of writing, Ethereum is trading at a discount of almost 74% compared with its all-time high of $4,635 in November 2021. The market capitalization of Ethereum is around $150 billion.

5. Bitcoin – Buy The Dip on The Original Decentralized Digital Currency

Bitcoin is the original cryptocurrency. BTC tokens were first released in January 2009 as a peer-to-peer payment method. The idea was to give people a currency free of control from central banks and traditional financial institutions.

By removing third-party intermediaries there was no longer a need to trust governments or banks’ monetary policies. By market capitalization, Bitcoin is the most valuable cryptocurrency in existence. Investors can use it to make purchases both online and offline. Alternatively, investors can keep the asset in their portfolio, which is known as HODLing.

Bitcoin review

According to a survey carried out in July 2022, 55% of investors buy Bitcoin as part of a long-term strategy. Following the collapse of the FTX exchange, in addition to the ongoing bear market, Bitcoin tokens are almost 75% cheaper than during the all-time high of around $69,000.

The market capitalization of Bitcoin is over $322 billion at the time of writing. Its all-time highest market capitalization was $1.2 trillion and this occurred on November 10th, 2021.

6. Polkadot – Sharded Multichain Protocol Facilitating Inoperability

Polkadot addresses scalability and interoperability, two of the main problems affecting the industry. Polkadot is among the most active ecosystem of its kind, as evidenced by the number of monthly developers using it.

The native token of this open-source, multichain, protocol is DOT, which was initially released in October 2017. Another ICO was held in 2020. The fact this network can handle a sizable number of transactions on multiple chains in parallel makes it ultra-scalable.

Polkadot review

As of writing, DOT is ranked number 11 in terms of market capitalization. November 9th, 2021 saw DOT reach an all-time high of around $53 per token. Polkadot has a market capitalization of $6.4 billion as of writing.

Are we Still in a Bear Market in 2024?

As of writing, the cryptocurrency bear market is very much in full swing – see below:

  • In 2022, almost all asset classes suffered losses
  • For instance, year-to-date, the S&P 500 is down over 17.5%.
  • Bitcoin was around $69,000 in November 2021. Today, it is worth 75% less
  • According to data supplied by CoinMarketCap, cryptocurrencies had a market capitalization of over $2.1 trillion at the start of 2022
  • At the time of writing, the market cap of all cryptocurrencies has plummeted to $836 billion
  • As such, during 2022, cryptocurrencies have lost 60% of their market capitalization
  • Taking Bitcoin out of the equation, year-to-date, cryptocurrencies have gone from over $1.3 trillion to $514.5 billion

According to most analysts, an official bear market is generally defined as a decline of 20%. As such, we are still in a bear market right now.

What Starts a Crypto Bear Market?

Things that can cause a crypto bear market include the following:

  • Global health crises, such as the COVID-19 pandemic
  • High-interest rates and rising inflation
  • Negative crypto news; such as an exchange being hacked, regulatory issues, bankruptcy or criminal activity
  • Conflicts such as the Russia/Ukraine war

Although the market was down prior to the potential bankruptcy of the FTX exchange in 2022, it crashed further as more information emerged. It’s reported that investors withdrew $6 billion in crypto assets over the few days that followed the news, through fear of losing their tokens.

When will the Bear Market Finish?

Newbie investors might be wondering – how long will the crypto market bear market last?

There is no definitive answer, as estimates vary depending on the source, and of course the circumstances. According to Forbes, the 2018 bear market lasted around two and a half years.

According to CoinDesk, the bear market might continue until late 2023. Meanwhile, Forbes suggests the average crypto bear market lasts 289 days.

Should Investors Buy Crypto During a Bear Market?

Investors researching crypto market bear markets might find the idea of making purchases during a crash intimidating. However, this should be based on individual financial goals, risk tolerance and market research. Here are some considerations for investors:

  • Long-term perspective – If you believe in the long-term perspective of a particular crypto, then a bear market could be a great chance to buy it at a reduced price.
  • Risk Tolerance – Since the crypto market is highly volatile, investing in the during the bear market can be even riskier. Therefore, always evaluate your comfort lever with potential losses.
  • Diversification – Don’t put all of your funds into one coin, but instead try to balance your investments across different cryptocurrencies.
  • Market Research – Staying informed and understanding the reasons behind the market’s perfomance can help you make more informed decisions.
  • Avoid Timing the Market – Don’t try to predict the market bottoms, since as we mentioned previously crypto is probably one of the most volatile investments.
  • Financial Position – Only invest what you can afford to lose, or in other words, try not to jeopardize your financial stability.
  • Professional Advice – If you’re not certain if and where you should invest, make sure you consult a financial advisor before buying any crypto.

Choosing Crypto Assets to Invest in During a Bear Market

Although analyzed and ranked the best crypto to buy during the bear market, it’s also important for investors to carry out their own research.

As such, below is a list of considerations for investors to bear in mind when picking coins to buy during the bear market.

Large-Cap Tokens With an Established Record

Many currencies failed to recover, even in the less severe crypto bear markets. As we’ve touched on, some investors chose to buy large-cap currencies on the dip during a bear market. The logic is that the largest cryptocurrencies, much like blue-chip equities, are probably going to withstand the storm in the long run.

For example, in the present bear market, Bitcoin, the biggest cryptocurrency, is among the most popular investments. In the more established financial markets, Bitcoin is gaining institutional adoption.

BTC and ETH market dominance

Presale Tokens With a USP

Crypto investors should also consider presale projects with a unique selling point, or USP. This type of crypto project usually stands a better chance of succeeding once its native currency is listed and has a large audience.

Conclusion

Concluding our guide on the best crypto to buy during the market, we’ve listed the top contenders that show potential even during such period. However, it’s important to remember that as volatile as crypto is, it is even more during a bear period. So, invest with caution.

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