The first quarter of 2023 is surprising many within the cryptocurrency industry. Prior to the start of the new year, many popular cryptocurrencies within the industry recorded massive losses and were on a downward spiral within the crypto market. However, several spells of bullish activity within the crypto market have resulted in these cryptocurrencies going on upward trajectories. Bitcoin (BTC), Solana (SOL), Ethereum (ETH) and other popular altcoins within the industry are riding the pump and could very well reach previous peaks from before the start of the bear market.
In the current climate, long-term cryptocurrency investing is an ideal strategy that could yield positive results for crypto investors. This piece highlights three cryptocurrencies that are absolute must-haves in the ongoing bear market with the potential to become market beaters in the long run. Here’s what makes XRP (XRP), Algorand (ALGO) and Dogetti (DETI) must-have crypto investments in the ongoing bear market.
XRP (XRP) Attracting Major Interest After Crypto Pump
XRP (XRP), the native cryptocurrency of the popular blockchain-based platform XRP (formerly known as Ripple), is one of the most attractive cryptos within the crypto market following the recent crypto pump. The token is back up following a poor year and could provide crypto investors much joy in the ongoing bear market. Its native XRP platform possesses a reputation within the cryptocurrency industry for providing an ideal environment that provides feasible solutions that will help foster growth and development within the banking and finance sector. The XRP platform allows banks and other financial institutions to move money faster, more efficiently and without exorbitant fees. It also does not rely on energy-intensive mining processes to work or create a new currency.
Within the XRP ecosystem, the XRP token provides utility and facilitates several crypto operations, such as network governance, user interaction and payment fees. The XRP token is listed on top crypto platforms in the industry, such as Binance, Coinbase and Huobi Global.
Algorand (ALGO), The Crypto Platform Of The Future
ALGO is another popular token currently on an upward trajectory within the crypto market that could provide great value to any crypto portfolio in the current climate. The token is native to the Algorand (ALGO) platform, a notable blockchain-based platform within the cryptocurrency industry that provides an ideal environment for creating and deploying powerful decentralized applications (dApps). Algorand (ALGO) also offers feasible solutions to some of the hardest problems within the cryptocurrency industry, including speed, performance, costs and scalability through infrastructures and tools developers utilize to create decentralized applications (dApps).
ALGO plays an integral role in the Algorand ecosystem by providing value and facilitating crypto operations, such as network governance, user interaction and payment fees. ALGO stock is available on Binance, Coinbase, Kucoin and other prominent crypto platforms within the cryptocurrency industry.
The Gangster Dog Meme Coin, Dogetti (DETI)
Dogetti (DETI) is an upcoming dog-based meme coin that runs atop the Ethereum (ETH) blockchain. The token is stirring excitement within the crypto community for its roadmap and the services within its ecosystem. The Dogetti (DETI) project is set to include a cryptocurrency exchange platform, Non-Fungible tokens (NFTs), and other valuable utilities.
Dogetti (DETI) is currently approaching its roadmap and could offer great value to any crypto portfolio. For more information on the token, click any of the following links.