Top coins to buy in a bear market?
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best top coins to buy in a bear market.
But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate the best top coins to buy in a bear market. Going up first will be Bourgi, and he’s decided to go with Monero (XMR). Initially launched in 2014, it focuses on keeping your finances confidential and secure. His second pick is Flux, which is a cloud-based decentralized Web3 application. For his third pick, he’s gone with Stacks (STX), which as of January was the No. 1 Web3 project on Bitcoin. Apps built on Stacks inherit all of Bitcoin’s advantages, marketability and network effects.
Yuan is next with his first pick of Dai. Of course, someone had to pick a stablecoin. Its main advantage, however, is that it is a multilateral stablecoin, which means it is backed by more than one asset. His next pick is Tomb.finance (TOMB), which is an algorithmic stablecoin that is pegged to the price of Fantom (FTM). His last pick for the week is The Sandbox (SAND), which has proven to be a massive player in the metaverse space, with major partnerships with Adidas, Snoop Dogg and Atari, to name a few. Seems like Yuan has done his homework, but will it be enough to win your vote?
Last, but not least, we have Finneseth, whose first pick is going to be Algorand (ALGO), which boasts fast transaction speed, low costs and a simplified staking experience, and has managed to have no major network outages or technical problems — quite the achievement. His second pick is DeFi Chain (DFI), a blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone with a total value locked (TVL) approaching $1 billion. His third and final pick of the week is The Graph (GRT), which has released modules designed to help companies create data graphs and get started with their Web3 experience easily. The competition is going to be tough this week so stick around till the end to cast your vote in the live poll and find out who comes out on top.
After the showdown, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Biswap (BSW) and the Origin Protocol (OGN) token.
Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100.
The Market Report streams live every Tuesday at 2:00 pm ET (6:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The views, thoughts and opinions expressed here and during the show are the analysts’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.