The Best Crypto to Buy During a Market Crash
Written by Thomas Kinneard
During a market crash, experienced traders will rush to capitalize on asset prices – the cryptocurrency market is no different. After all, during the previous bear market, shrewd traders were able to buy Bitcoin at lows of $3,000 – before seeing the value of the crypto asset hit new highs of nearly $69,000 in 2021.
Bitcoin isn’t the only crypto to buy on the dip, as there are many high-grade projects that have since seen their valuations take a major hit.
With this in mind, below we analyze and rank the four best crypto to buy during the crash:
1. Battle Infinity- Best Crypto to Buy During a Market Crash
Battle Infinity‘s valuation has not fallen due to the bear markets, which is a departure from the majority of crypto industry. Battle Infinity is currently in its presale campaign and is not yet listed on any exchange. We concluded that Battle Infinity was the best cryptocurrency to purchase during the crash. This up-and-coming project is a great choice for many reasons.
The Battle Infinity ecosystem is first and foremost a metaverse world. Each product in the Battle Infinity metaverse, which includes six products, provides an innovative user experience. The IBAT Premier League is one of the most anticipated Battle Infinity products. This fantasy draft game covers many sports, including football, basketball, and even cricket.
After players have bought an NFT pass, and selected their favorite sport, they can then build a team. The rewards earned will depend on how each player performs in real matches. The digital asset that powers Battle Infinity is IBAT tokens. Rewards are then paid in IBAT tokens.
2. Lucky Block – Best Up-and-Coming NFT Platform
Lucky Block is another project that offers one of the best cryptos to purchase on the dip. Lucky Block is a NFT competition platform that offers great prizes. You can earn $1 million in Bitcoin, and you will also get a VIP package to the FIFA World Cup 2022. To be eligible for the competition, the NFT must be purchased.
The NFT holder will be rewarded before, during, or after the competition draw. These rewards will be paid in LBLOCK, the native cryptocurrency asset of the project. According to reports, in January 2022, LBLOCK raised more than $5 million through its presale. The presale price of $0.0015 soared quickly to reach an all-time high of $0.09, representing a growth rate of almost 6,000%.
The bear market, just like other crypto assets, has caused a significant correction in the LBLOCK token. LBLOCK trades at $0.001 as of this writing. Investors can now buy LBLOCK for nearly 90% off its previous high. If the crypto asset recovers its previous high, investors who buy LBLOCK at this price level will see a potential upside up to 800%.
3. Ethereum -Best for Smart Contract Blockchain
Many market commentators, including the CEO of Bitcoin Code, believe that Ethereum is the best cryptocurrency to invest in on a dip. Its valuation has been reduced by significant amounts since late 2021’s bear market. Ethereum was poised to surpass the $5,000 mark back then. The crypto asset is currently, reportedly valued at $1,500. Ethereum trades at a discount over 70% compared to its high.
Ethereum is the second largest cryptocurrency asset in terms of market cap after Bitcoin. It is the leader in smart contract technology. This allows developers to execute contracts in a trusted manner. The Ethereum blockchain is the foundation of many of the most popular crypto projects, including the Sandbox and Uniswap as well as Compound, Shiba Inu and Decentraland.
4. Stellar- Best for Fast Inexpensive Transactions
Stellar, an open-source distributed blockchain system that allows for fast and inexpensive transactions, is called Stellar. The project was initially created to help the unbanked, people who cannot access financial services. Stellar transactions and remittances are quick and easy, taking less than five seconds. This cost is a fraction of one cent.
Stellar still believes this marketplace is important and continues to support it with its charitable donations to third world countries. However, the project has formed significant partnerships with large companies since then. MoneyGram, IBM and others use the Stellar network for funds transfer and receipt across borders. Lumens, the native cryptocurrency token of Stellar, can be used to make an investment.
