Retail investors may be reluctant to touch any cryptocurrency right now, approaching them with a 10-foot pole of collateral (not crypto collateral) or insurance.
But bear markets are always scoured for bargain prices on assets. The principle is simple: buy low, sell high.
Investors that are able to correctly identify crypto assets that are depressed in price will win large. One notable instance: Ethereum’s price plunged downward by 95% over 2018. If you bought Ethereum at its lowest point, you would have earned 4,500% on your investment in three years.
The conventional strategy is to invest in established cryptocurrencies. Blue-chip cryptos consistently give returns in bullish periods, making them reliable choices, mostly. Right now, the majority of bluechip stocks are down by double digits and it could be a matter of time before they hit their peak again.
So how do interested investors separate discounted but valuable cryptos from, as they are popularly called, sh*tcoins?
Here are three appealing crypto investments to help you narrow down your search.
Bitcoin (BTC): Giant Cryptocurrency Showing Signs Of Recovery
Owning roughly 40% of the market, Bitcoin has consistently been the largest cryptocurrency of choice for investors. The blue chip crypto fell by 64% over 2022 from $46,306 to $16,547, making the stock a potential bargain.
Another factor that suggests a possible bullrun for Bitcoin is its halving event in 2024. A bitcoin halving event happens every 4 years and reduces the reward amount given to miners. This is the only way new Bitcoin is created. After the bitcoin halving event, the incoming supply to miners will reduce by half, creating an upward pressure on prices.
Investors that buy Bitcoin now may benefit in the long term. This is not guaranteed.
Polygon (MATIC): Plenty Of Room For Growth
MATIC is a small player in the market, accounting for 1% of total market size. Polygon’s token still has a lot of room to grow. Its main feature, which hasn’t been fully exploited yet, aims to scale up Ethereum’s ability to host decentralized applications on its platform. The ultimate goal would be to provide Ethereum enough capability to host an infinite number of decentralized applications on its platform.
Polygon fell by 70% but remains backed by industry giants like Binance and Coinbase Global Inc.
Big Eyes Coin (BIG): Meme Coin Proving That It Is Here To Stay And Succeed
This meme coin is still in its pre-sale phase and offers interesting benefits. Big Eyes Coin has a theme of cutesy designs based on the feline pet and offers community rewards with membership like custom made NFTs,
5% of all tokens will be stored into a visible charity wallet dedicated to reviving the oceans. This makes it part sustainable investment and part profit-based.
Investors who purchase the coin soon will receive a bonus of 200% on their order. This means if they buy $10,000 worth of tokens, they will receive $20,000 in bonus tokens. This bonus means an investor’s return will be 300% on purchase. This is achieved by using the exclusive code LAUNCHBIGEYES200 when purchasing via the button or links below.
For All Things Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This article is not investment advice. It is an attempt to keep crypto-enthusiasts aware of recent developments. Anyone who chooses to invest in any crypto mentioned in any article does so at his own risk.
This article is sourced from the following links:
What’s the Best Cryptocurrency to Invest in Now? 6 Contenders | Investing | U.S. News (usnews.com)
What Is Bitcoin Halving? Definition, How It Works, Why It Matters (investopedia.com)
Time in the market: Ways to approach crypto investing in 2023 (cointelegraph.com)
Crypto Investing Strategies – For Greener Portfolio In 2023 (outlookindia.com)
3 Reasons to Invest in Crypto in 2023 — and 1 Reason Not To | The Motley Fool
Whitepaper.pdf (bigeyes.space)
