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Top 3 Cryptos You Should Buy More In Bear Market
The cryptocurrency markets have once again proven the skeptics wrong by surging higher than anyone expected or forecasted at the start of 2021. As Bitcoin awoke from its slumber, so did the bullish rally of Altcoins. Decentralized Finance (DeFi), Decentralized Autonomous Organizations (DAOs), and Non-fungible Tokens were the most successful investing trends this year (NFTs). Based on their popularity as a lucrative investment possibility, experts anticipate that cryptocurrencies will be less volatile than typical in the coming year.
People are interested in not only keeping Bitcoin but also finding projects with various real-life use cases now that cryptocurrencies have reached the mainstream. Other altcoins, most of which are linked to DeFi ecosystems and are built on the Ethereum blockchain, have benefited from this. Although crypto aficionados and long-term investors are still waiting for more ETFs, as well as other institutional products, the market remains awash with opportunities to invest in a fresh and developing crypto project with the potential to become the next crypto giant.
Following weeks of research, we’ve selected 5 cryptocurrencies, all of which are listed on the BitYard Exchange, that is investment-worthy in the bear market.
Shiba Inu (SHIB)
With its unexpected success, the anonymously produced phenomena that first made its debut in August of 2020 managed to shift paradigms this year. Shiba Inu was previously known as Ryoshi, but after making news thanks to Tweets from celebrities like Vitalik Buterin and Elon Musk, this meme coin swiftly drew the attention of hundreds of millions of people.
This memecoin is now available on BitYard. Shiba Inu could be a low-risk addition to a cryptocurrency portfolio for the coming year.
Zilliqa ( ZIL)
After Facebook, the world’s largest social networking platform, relaunched as Meta, the term Metaverse has caused a stir in the crypto market. The public blockchain Zilliqa, which is recognized for its fast throughput and scalability, has expressed interest in entering the race to Metaverse. It’s too early to say which trends will last in the coming year, but Metaverse will undoubtedly be the newest frontier of entertainment and even social networking.
This puts Zilliqa, which is already using its second-layer sharding scaling solution to make the blockchain even more efficient, in a strong position to be one of the most profitable cryptos to invest in by 2022.
Alchemix (ALCX)
DeFi coins were the crown jewels of the cryptocurrency markets this year, based on their continued success as measured by technical research. Alchemix is a recently created DeFi currency, but that hasn’t stopped it from competing with established DeFi initiatives like Yearn Finance and Curve Finance.
Alchemix introduced its alETH product in partnership with the Curve Finance fork project Saddle in the first half of 2021. Despite its ups and downs throughout the year, Alchemix remains one of the most sought-after DeFi protocols in the business, with investors targeting 2022.
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