8 Best Crypto to Buy During the Bear Market

Some investors remain fearful as a result of the bear market in cryptocurrencies. That said, this is a chance for investors to build up holdings at a sizable discount.

This guide will analyze the best crypto to buy during the bear market. We have selected the 8 best cryptos and have also included tips on how to choose coins to buy during the bear market to maximize future gains. 

Full Analysis of the Best Cryptos to buy in the Bear Market

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

We’ve included the best crypto presales to invest in, long-existing large-cap tokens, NFT competition projects, and more.

1. Wall Street Memes – Overall Best Meme Token to Buy During the Bear Market, $25M Raised on Presale

The top cryptocurrency on our list is Wall Street Memes ($WSM), an exciting meme cryptocurrency that is soaring on presale. The $WSM token has been released by the creators of Wall Street Memes, which is a memes platform that has existed since 2019. 

Over the years, Wall Street Memes has established an impressive community of over 1 million. While the crypto bear market provides little to no movement for top tokens, presale and meme tokens have been among the best-performing assets in this period. 

Such is the case for $WSM, as the token has already raised over $25 million and counting through the ongoing presale. Given that Wall Street Memes also has an established following, it has a competitive advantage over other meme tokens in the market. 

In 2021, the Wall Street Memes creators first achieved success with the release of their NFT project, Wall St Bulls. During the first NFT drop, 10,000 Ethereum-based NFTs were sold out in just 32 minutes. 

After the NFT’s success, Wall Street Memes decided to launch the $WSM token to generate internal wealth for the ecosystem. A community token, 100% of the 2 billion $WSM supply is for the public. 1 billion tokens have been allocated across 30 presale rounds. 

While the token was originally priced at $0.025, the price has now hiked to $0.0325. By the final round, the price will jump to $0.00337 per token. Another 30% of the token supply will be distributed as community rewards, incentivizing members to hold the tokens. 

The remaining tokens will be allocated to maintain DEX and CEX liquidity. Wall Street Memes is looking to raise more than $30 million by the end of the presale. For more information, join the Wall Street Memes Telegram channel. 

2. Bitcoin BSC – Low Supply Crypto Inspired by Bitcoin, Priced at $0.99 on Presale 

Crypto bear markets can be a difficult period to enter the cryptocurrency markets due to the negative affect it has on top tokens. However, many investors tackle the bear market by investing in new presale tokens, such as Bitcoin BSC ($BTCBSC). 

Not only is Bitcoin BSC soaring through its presale, but its aim is to act as an energy-efficient alternative to Bitcoin. Bitcoin BSC is similar to Bitcoin in a number of ways – it has the same 21 million token supply and will follow a 120-year vesting schedule. However, this new token sets itself apart by operating on a proof-of-stake (PoS) consensus instead of a proof-of-work (PoW) algorithm. 

With a lot of concerns about the sustainability of a PoW algorithm due to the high amounts of non-renewable energy used, Bitcoin BSC will opt for a more sustainable approach. The platform is built on the BNB Smart Chain, which is a low-cost alternative to customers. This particular network charges lower gas fees and processes more transactions per second than Ethereum. 

Furthermore, $BTCBSC holders can also earn passive income by staking the token. At press time, one can earn a 369% APY (Annual Percentage Yield) by staking the cryptocurrency. 71% of the token supply will be locked in the staking contract and will be offered as rewards to staked token holders. 

The remaining 29% of the tokens (6.125 million) are being distributed for $0.99 on presale. These enticing factors have helped Bitcoin BSC to already generate $1.5 million in a week since the presale launched. The low token supply will also help the token price once there is a rise in demand. 

For more information on this presale token, read the Bitcoin BSC whitepaper and join the Telegram channel. 

3. BTC20 – Get Staking Benefits with this Low Supply Token, Over $3.8 Million Raised on Presale 

BTC20 is a new cryptocurrency platform that has termed itself the ‘new Bitcoin.’ This is because BTC20 replicated the total 21 million token supply of Bitcoin. Furthermore, for the ongoing presale, $BTC20 is priced at $1, replicating the BTC token price of April 2011. 

BTC20 is built on the Ethereum blockchain, meaning it does not support token mining like Bitcoin does. This cryptocurrency opts for a more eco-friendly and energy-efficient alternative, which is token staking. 

$BTC20 tokens will be staked on an Ethereum-based staking contract, allowing token holders to earn passive income. For the presale, 6.05 million tokens have been allocated. Any unsold tokens will be added to this staking contract. Over 120 years, tokens will gradually be unlocked and distributed to staked token holders. 

The tokens are released as blocks are validated on the ecosystem. The more one stakes, the higher the possibility of earning greater rewards. This way, BTC20 ensures the stability of the token and invites members to hold the token for the long term. 

As the circulating supply decreases, low supply cryptocurrencies also tend to help make tokens more valuable. With the added benefit of the staking mechanism, the circulating supply will be even lesser on BTC20. Thus, this could help push the price upwards. 

Due to the passive income one can generate through the staking platform, this can be a valuable token to hold during the bear market. Thus, this low-volatile token can be a good investment for those looking to hold for a long time without facing high levels of volatility. 

In only a couple of weeks, BTC20 has raised more than $3.8 million. To stay updated with the presale and learn more about the project, read the BTC20 whitepaper and join the Telegram channel. 

4. Lucky Block – Offering Chance to Win Top Rewards through NFT Competitions

LBLOCK is one of the top coins to buy during the bear market as Lucky Block launched a leading crypto casino at the end of 2022.

Lucky Block allows players to sign up and play within less than a minute and take advantage of an enticing welcome bonus – with the first deposit 200% matched plus 50 free spins.

Once on the platform, players can select from nearly 3,000 leading slots games, as well as classic casino games.

There are virtual and live dealers for poker, roulette, blackjack and more, while Lucky Block also has a top sportsbook, offering pre-game and in-play odds on the Premier League, NBA, NFL and even eSports.

At the time of writing, players can use up to a dozen different cryptos – as well as fiat payment methods – to play, with LBLOCK set to be added as a payment method in the near future.

While no KYC verification is needed to play, some players will need a VPN to access the casino.

5. 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, is 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.

Some market commentators argue that BNB is the best crypto to buy during the bear market. 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 ranks at number five on CoinMarketCap.

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.

6. 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.

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.

7. 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.

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.

As such, investors deciding what crypto to buy during the bear market could consider adding BTC tokens to their portfolio whilst they are trading at a huge discount.

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.

8. 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.

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. Investors who think Polkadot’s native token is the best crypto to buy during the bear market can purchase DOT for an 89% discount compared with its aforementioned 2021 peak.

Polkadot has a market capitalization of $6.4 billion as of writing.

Are we Still in a Bear Market in 2023?

We’ve talked about the 9 best crypto to buy during the bear market. However, investors might be unsure if the cryptocurrency bear market is still ongoing.

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?

Before deciding on the best crypto to buy during this dip, it’s a good idea for investors to familiarize themselves with how bear markets start.

This will enable them to better identify an upcoming downturn and find coins to buy during the 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.

Additionally, Binance, the world’s largest exchange, sold $500 million worth of FTX’s native token – FTT, following the news. Binance was an early investor in FTX, however Changpeng Zhao, the chief executive sold his stake back to FTX in 2021.

In late 2022, reports emerged that Binance was willing to rescue the FTX exchange. However, this deal fell through, with Binance stating that the FTX exchange had too many issues to justify its bailing FTX out financially.

Taking all of this into account, the current bear market could be extended further.

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, while other platforms suggest that it could be corrected earlier in the year. Meanwhile, Forbes suggests the average crypto bear market lasts 289 days.

It’s also worth noting that digital currencies and equities can correlate. That’s another thing for investors to look out for as oftentimes, the aforementioned factors can kickstart a bear market across multiple assets and sectors.

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.

After all, cryptocurrencies are one of the most volatile asset classes. That said, it is possible to dilute some of the risk involved by creating a diverse portfolio.

• Investors might allocate some of their funds to large-cap currencies they know to have high liquidity, such as Bitcoin or Ethereum
• The same investor could also place an order on presale tokens they believe have the potential to be the next cryptocurrency to explode
• Once an order has been placed on a presale token like D2T, the price is locked in. This discounted crypto can be claimed after the final stage of presale

It’s also important for the investor to consider their tolerance for risk. After all, a bear market is an uncertain time.

However, it also presents an opportunity to buy cryptocurrency at a huge discount. If or when the token in question recovers, investors who take the risk could see gains when the next bull run kicks in.

Choosing Crypto Assets to Invest in During a Bear Market

We’ve 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 gone by. 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.

Ethereum is another large-cap asset some investors look to buy during the Black Friday crypto bear market. As of writing, BTC has a market dominance of 38.4% and ETH has 17.8%. That means that Bitcoin and Ethereum represent over 56% of the crypto market. They are both highly liquid and therefore easy to sell in any crypto season.

Presale Tokens With a USP

Those looking for the best crypto to buy during the bear market 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.

For instance, Love Hate Inu, has already raised more than $250K through the ongoing token presale. With the value offered through this vote-to-earn platform, users may see the price move upwards as $LHINU lists on crypto exchanges.

Conclusion

That brings us to the end of our guide on the 9 best crypto to buy during the bear market. We’ve analyzed the cryptocurrencies we believe have the potential to be good long-term investments during and beyond the bear market.

This includes a selection of presale projects, NFT P2E tokens, carbon credit programs, competition platforms, and large-cap well-established cryptocurrencies.

One of the best presales and tokens to purchase during the bear market is Wall Street Memes ($WSM), a new token that has raised over $25 million in no time. Wall Street Memes has a following of more than 1 million online and has also released its own NFT project.

Wall Street Memes (WSM) - Newest Meme Coin

Our Rating

• Community of 1 Million Followers
• Experienced NFT Project Founders
• Listed On OKX
• Staking Rewards

Visit OKX

FAQs