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Bitcoin has survived every bear market since 2009 and has never lost its top spot.
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Solana was left for dead after the collapse of FTX, but recovered to become a top 10 mainstay.
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Chainlink’s price has been stable for five years, but its Oracle network is essential infrastructure for DeFi and smart contracts.
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10 stocks we prefer over Bitcoin ›
Buying crypto in a bear market is a bit like shopping when you’re hungry. Everything seems tempting, but most will leave you with regrets. The difference? Bad cryptocurrency choices can do more harm than impulsively purchased ice cream.
Let’s be very clear: crypto is unpredictable at the best of times, and bear markets amplify this volatile risk. In just a few years, coins can drop 80%, 90%, or go all the way to zero.
Cryptocurrencies are currently experiencing a downward trend. After reaching $4.28 trillion in early October, the total crypto market is now worth $3 trillion. This represents a 30% decline, well above the 20% decline that defines a typical bear market.
Past performance is no guarantee of future results, and buying the dip can turn into a falling dagger. Only invest what you can afford to lose entirely, just in case.
That said, if you are considering entering into a cryptocurrency bear market like the current situation, please focus on coins with real utility and proven resilience. Here are three to consider:
Boring? Maybe. It always feels weird to call Bitcoin (CRYPTO:BTC) a safe bet, whatever that may be, but he has a proven tendency to come back to the brink of many supposed deaths. Boredom works when everything else becomes exciting in a bad way.
Bitcoin has survived every bear market since 2009, never lost its top market cap in the crypto world, and is up nearly 300% over the past five years. It’s arguably the only cryptocurrency widely adopted by institutions, its spot-price exchange-traded funds (ETFs) are now worth over $100 billion, and there’s a real “digital gold” narrative that resonates beyond the crypto faithful.
When the market panics, money flows into Bitcoin first. There is a reason why it remains the queen of digital currencies. Buying it during a crypto winter has tended to pay off a few years later (so far).
This is a story of resurrection. Solana (CRYPTO: SOL) was left for dead after the collapse of FTX in 2022. The token collapsed and critics wrote its obituary.
But it was too early to organize Solana’s funeral. Instead, it came back to become a top 10 mainstay, thanks to lightning-fast transactions, extremely low fees, and a developer ecosystem that continued to grow despite the chaos.
