Bitcoin and the broader crypto market have been in a large downtrend since their all-time highs set in November 2021 with the markets now in chaos with the FTX exchange facing collapse.
While prices are deep in the red, and could yet fall further, many investors would argue this presents a profitable opportunity to buy and hold some solid cryptocurrencies at bargain prices, for the long term – buy low, sell high as the trading mantra goes.
In this market insight, we explore the best cryptos to buy during the crash for maximum upside potential.
The 15 Best Crypto to Buy In the Crash
Based on current market trends and future prospects, we found that the 10 projects listed below are the best crypto to buy during the crash.
- FightOut – Overall Best Crypto to Buy During This Dip
- Dash 2 Trade – Innovative Signals and On-chain Analytics Crypto
- RobotEra – Metaverse Crypto and Brand New Presale Launch In Nov 2022
- IMPT – Cryptocurrency Presale Reducing Carbon Footprints
- Tamadoge – Top Meme Coin to Invest in During the Dip
- Battle Infinity – Popular Gaming Ecosystem Crypto to Buy
- Lucky Block – Top Global Crypto Competitions Platform
- BNB – Huge Crypto Ecosystem Backed by the World’s Largest Exchange
- Polygon – Super-Fast Ethereum Scaling Solution that Helps Ethereum
- Bitcoin – De-Facto Crypto and Top Store of Value
- Ethereum – Market Leader in Smart Contracts
- XRP – Global Financial Network for Banks
- Decentraland – Popular Metaverse Project With Growing Interest From Major Brands
- Cronos – Native Token of the Crypto.com Ecosystem
- Solana – Nearest Competitor to the Ethereum Framework
A Closer Look at the Best Cryptos to Buy on the Dip
With thousands of projects now active in this market, attempting to find the best crypto to buy during this dip can be challenging.
Perhaps the most effective way to approach the current bear market is to create a diversified portfolio of solid projects, old and new, that stand the best chance possible of staying relevant once the industry recovers.
Our pick for the best crypto to buy during the crash is in fact one that is on presale and yet to launch of exchanges, therefore unaffected by Bitcoin’s crash to the $15k region following the FTX scandal.
1. FightOut – Overall Best Crypto to Buy During This Dip
Investors looking for rock-bottom asset prices during the dip need not look any further than FightOut. Its stage 1 of the presale offers $FGHT tokens at $0.016, which is likely the lowest price this asset will trade at before it potentially takes off when listed on exchanges.
One aspect that makes $FGHT tokens different from other cryptos is that it offers a 50% bonus. But once FightOut raises another $2.8 million, the bonus will be removed. That could be within days before early-round fundraising was $2 million within just days of launch.
Besides the token bonus, $FGHT will be in limited supply after the presale. FightOut has allocated only 10% of the total supply to exchange liquidity. That means investors will scramble to bag the remaining tokens after the presale ends, which is likely to result in the token surging.
Another aspect that has made investors flock to this platform is the ability to earn more tokens, even during the dip. FightOut rewards users with in-app currency REPS for completing workouts and challenges. Movements, steps, participation in workout classes and bodyweight exercises are also rewarded, unlike other ecosystems that reward only steps.
Users can redeem their tokens for subscriptions, merchandise and membership to FightOut gym, which will soon be located in major cities around the world. More REPS can be acquired if users buy FightOut tokens and then redeem them for REPS.
More information about this crypto is available on the Telegram channel and the FightOut whitepaper.
Since 90% of the total token supply is available during the presale, which offers a 50% bonus, now’s the best time to lock in $FGHT tokens.
Presale Started | December 14 |
Purchase Methods | ETH, USDT |
Chain | Ethereum |
Min Investment | N/A |
Max Investment | N/A |
2. Dash 2 Trade – Innovative Signals and On-chain Analytics Crypto
While the top crypto tokens, including Bitcoin and Ethereum, have massively corrected throughout 2022, Dash 2 Trade’s D2T token is guaranteed to increase by 29% between now and the end of its presale, which has already raised nearly $6 million in just two weeks.
The native token of Dash 2 Trade’s crypto analytics and trading signals dashboard, D2T can be leveraged to get full access to a variety of features that will benefit traders whilst making new crypto trades.
Over the course of 9 presale rounds, D2T is aiming to raise over $40 million by distributing 700 million tokens – 70% of the max 1 billion supply.
One of the best cryptocurrencies to buy during the dip – D2T, will keep increasing in valuation throughout the presale stages. Priced at $0.0513 during the ongoing third stage, D2T will be available at $0.0662 by the ninth and final round – a 29.04% price increase.
One of the best deflationary cryptocurrency tokens, D2T’s overall supply of 1 billion makes it a valuable crypto to hold in the long term.
Furthermore, the cryptocurrency can be leveraged to access trading signals, pricing alerts, and technical indicators on the Dash 2 Trade platform. There will be signals for buying and selling opportunities in the market, and on-chain data, whale wallet activity, and social media sites will all be tracked to spot developing trends.
Traders can access a variety of professional-grade indicators, as well as automated APIs, a back-testing tool and social trading tools. Dash 2 Trade has also developed a bespoke scoring system for new crypto presale projects and will also send out alerts on new coin and exchange listings.
Presale investors also have the opportunity to win a $150K D2T giveaway by investing during this token offering stage.
According to the Dash 2 Trade whitepaper, the dashboard will release during Q1 2023 and give D2T token holders gain access to the platform via a three-tier monthly subscription model.
Presales have continued to offer investors great returns despite the 2022 bear market, with investors able to get in early on high-potential projects at below market value.
Dash 2 Trade also features a doxxed team – that previously developed Learn2Trade – that is KYC-verified and has had its token smart contract audited.
Presale Started | October 19 |
Purchase Methods | ETH, USDT, Transak |
Chain | Ethereum |
Min Investment | 1,000 D2T |
Max Investment | N/A |
As the demand for the Dash 2 Trade platform builds, future exchange listings on some of the top platforms can lead to a further price jump.
To learn more and stay updated with this platform, join the Dash 2 Trade Telegram channel.
3. RobotEra – Metaverse Crypto with Brand New Presale Launch in Nov 2022
RobotEra is an upcoming crypto game hosting a futuristic metaverse world, where players do battle for resources across an interactive ecosystem and earn rewards. The platform leverages its native crypto TARO to control the in-game economy, purchase NFTs and access governance protocols.
Now on presale, TARO could repeat the success of the likes of SAND (The Sandbox) when metaverse coins make a comeback in the next crypto bull run.
A report by DappRadar stated that metaverse gaming tokens held up better in the 2022 bear market than any other asset type. Heading into 2023, the crypto space has been bearish – as more than 50% of the market cap has been wiped out. However, RobotEra’s project is set to launch in the coming months and can potentially provide huge returns in the long term once the market turns around.
With TARO, players purchase Robot NFTs to access the virtual ecosystem. These NFTs exist on seven different continents within the ‘Taro Planet’ – where Robots develop land, gather resources and engage in mining activities, quests and more. After purchasing one of the available 10,000 Robot NFTs, a user can buy Land NFTs within RobotEra. Land can be used to build anything from theme parks to villas to museums.
After owning land, players can also construct and buy Robot companions – which are NFT avatars that assist your Robots within the in-game world. The RobotEra whitepaper states that the game will allow also a player to earn revenue by renting out their Robots and land plots.
Ideal for early investors, this top utility token can be purchased for a low price as of November 2022. RobotEra is allocating 270 million tokens through three presale rounds. TARO is currently priced at $0.02 during the first round and will increase to $0.032 by the third presale stage. The RobotEra project aims to raise $6.93 million throughout the presale.
To stay updated with this project, join the Telegram channel. Update – over $100,000 has now been raised within a few days of the presale starting.
Presale Started | Q4 2022 |
Purchase Methods | ETH, USDT |
Chain | Ethereum |
Min Investment | 1,000 TARO |
Max Investment | N/A |
4. IMPT – Cryptocurrency Presale Reducing Carbon Footprints
Currently, some of the biggest cryptocurrency assets, including Bitcoin and Ethereum, have witnessed massive price corrections in 2022 and one way to diversify your cryptocurrency assets is to look for new projects offering unique use cases.
IMPT is a carbon-neutral platform that is promoting socially responsible investing by leveraging blockchain technology to provide a carbon emissions-burning platform – with investors rushing to by the project, raising nearly $13 million in funding in less than a month.
This new project offers NFT versions of Carbon Offsets, known as Carbon Credits, with one Credit representing one ton of CO2 emissions.
The project relies on the help of businesses and customers who are willing to reduce their carbon footprint by collecting IMPT tokens.
These tokens can be collected in two ways – purchasing them directly from the IMPT website or accessing one of the multiple retailers that IMPT has partnered with.
The IMPT whitepaper states that investors can make a purchase with one of IMPTs’ brands, and investors receive IMPT tokens.
Environmentally conscious businesses offer a percentage of their sales margin as IMPT tokens – playing their part in reducing emissions.
These tokens can be accumulated to purchase Carbon Credits from the IMPT marketplace.
Minted as NFTs, the Carbon Credits are recorded on a distributed ledger to ensure transparency and reduce fraudulent activity.
These NFTs can either be traded as an investment or be burned to remove the carbon footprint that the token represents.
Participants that burn the tokens can track their individual Carbon scores on IMPT’s social platform – which offers impact points when individuals try to reduce their carbon footprint via Credits burning or receiving IMPT tokens.
Investors looking for new investments during the ongoing market crash can purchase IMPT during the ongoing presale round for $0.023 per token. The third and final stage will see tokens increase in price to $0.028, a gain of 22% from the current price.
With a total supply of 3 billion, 60% of tokens are for sale during the presale, with no vesting period.
IMPT features a doxxed team that has been KYC-verified and an audited token. Learn more about this cryptocurrency project by subscribing to the IMPT Telegram Channel.
5. Tamadoge – Top Meme Coin to Invest in During the Dip
While the prices of the top cryptos have crashed from 2021’s highs, Tamadoge is project that has already delivered high returns to early investors – and is promising much more in 2023.
The popularity of this new cryptocurrency stems from a variety of factors and, unlike rival meme coins, it offers huge utility, rewards, and potential for long-term growth through its play-to-earn game and NFT collection.
Secondly, TAMA features an extremely small supply for a meme coin – 2 billion max tokens – which also diminishes because the platform burns 5% of all tokens spent on the Tamadoge game.
When comparing that to Dogecoin, which doesn’t provide rewards and has an ever-increasing supply, or Shiba Inu which has a supply 275,000 times bigger than TAMA, it’s easier to see why Tamadoge is a more valuable long-term coin in the doge ecosystem.
This coin wasn’t developed as a joke, unlike Dogecoin, because it enables players to earn while they play.
Players who raise their digital pets the best receive the most rewards monthly from the prize pool. Soon, a Tamadoge app will be available, as well as other Tamadoge Arcade games.
After raising $19 million during the presale, Tamadoge was listed on the OKX exchange and promptly pumped to an all-time high of $0.194 – nearly 2,000% from the early presale price and 550% from the listing price.
The Ultra Rare NFT collection also became the top trending collection on OpenSea after 100 Pets sold for a combined 250 ETH.
Currently, TAMA is available to trade on other exchanges such as LBank and Uniswap, and will soon list on more exchanges – with Gate.io, the fifth-largest crypto exchange, next.
Given its utility and excitement around its upcoming game, TAMA appears set for a big 2023.
6. Battle Infinity – Popular Crypto to Buy
Another of the best cryptos to buy during the crash is Battle Infinity. In a nutshell, Battle Infinity is a play-to-earn crypto game that specializes in fantasy draft picks across a wide variety of sports.
Whether that’s cricket, football, basketball, or baseball – users will look to create a fantasy team of their favorite players.
The performance of the respective players in real-world games will determine how much the Battle Infinity user will generate in crypto rewards. What we really like about this project is that it is combining its play-to-earn game with the metaverse.
This means that each and every component of the game can be replicated in the virtual world. Moreover, the Battlefield Infinity ecosystem will replicate in-game assets with NFTs. Therefore, any items that players win will be owned by the user and fully verifiable on the blockchain.
In addition to this, the team at Battle Infinity is also building a decentralized exchange. This will give users the ability to trade NFTs and even buy and sell the platform’s native digital currency – IBAT.
IBAT is the token that fuels the Battle Infinity ecosystem and thus – acts as a reward for its fantasy sports game. In other words, by engaging with the Battle Infinity gaming framework, users can win real-world rewards in the form of IBAT.
Interested investors can also engage with the IBAT community via the Battle Infinity Telegram group.
Battle Infinity’s presale sold out early then IBAT pumped after its initial listings.
The coin has more listings in the pipeline, while IBAT staking is now live and the wider ecosystem remains in development.
7. Lucky Block – Top Global Crypto Gaming Platform
Next up on our list of the best crypto to buy during the crash is Lucky Block. This crypto project is still somewhat new to this industry and was only released this year.
In a nutshell, Lucky Block is a global crypto competitions platform that specializes in prize draws – with incredible prizes such as a Lamborghini, $1 million house, and $1 million of Bitcoin on offer.
In order to participate in the Lucky Block draw, users will need to buy a ticket – which costs just $1. The minimum purchase is five tickets. Those holding at least $500 worth of LBLOCK tokens can claim one free ticket to the draw.
Moreover, Lucky Block is also home to its very own NFT collection – of which just 10,000 are in circulation. Holding a Lucky Block NFT offers the owner lifetime access to the prize draw at no extra charge.
When the token first launched in January 2022, presale prices amounted to just $0.00015. According to data extracted from CoinMarketCap, LBLOCK has since surpassed a value of $0.09. This translated to gains of up to 5,900%.
However, much like the rest of the crypto market, the value of LBLOCK has since retreated. In fact, as of writing, it is possible to obtain this top-rated token at under $0.001. As such, in terms of upside potential, Lucky Block is one of the best crypto to buy during this dip.
Update – LBLOCK V2, its ERC20 token version, launched in Septemebr, erasing the 12% transaction fees of the V1 coin and making it easier to list on centralized exchanges.
The coin is now listed on MEXC, LBank and Gate.io, with other big exchange listings expected soon.
The project has also taken the move to drastically cut the supply of LBLOCK V2 with a 1% rolling monthly burn in action since the end of September.
That move will make the coin more scarce and, ultimately, drive up value.
8. BNB – Huge Crypto Ecosystem Backed by the World’s Largest Exchange
BNB, formally Binance Coin, is one of the largest digital currencies in this industry for both market capitalization and trading volume. The token, which was launched in 2017, is backed by the world’s biggest cryptocurrency exchange, Binance.
While a growing number of exchanges in this space are experiencing financial issues, Binance has the resources to weather any crypto storm, and was also linked with a rescue package to buy FTX – although that ultimately failed.
The platform attracts tens of billions of dollars in trading volume each and every day across its 100+ million clients. The firm is also involved in crypto derivatives, loans, liquidity financing, NFTs, and much more.
In terms of its native BNB token, this was initially created to offer Binance exchange users discounted trading commissions. However, the token is now part of a much broader ecosystem that includes the Binance Smart Chain (BSc).
For those unaware, BSc is an independent blockchain network that supports thousands of up-and-coming tokens. Most importantly, each and every trade that is carried out on the Binance Smart Chain must be settled in BNB.
Moreover, not only does this create ever-growing demand for BNB, but it generates revenue for Binance via trading fees. Since BNB was launched in 2017, it has gone on to become one of the best-performing digital assets of all time.
Back then, early-bird investors would have been able to buy BNB at a price of just $0.11. Within the prior 52 weeks, BNB has hit all-time highs of nearly $670.
This means that in the space of five years, BNB generated maximum gains of over 608,000%. In other words, an investment of just $10 in 2017 would have seen grown to several million dollars.
While gains of this magnitude are highly unlikely, and BNB has retraced by a lot, BNB is still one of the best crypto to buy during this dip to head into the future.
9. Polygon – Super-Fast Scaling Solution that Helps Ethereum
Polygon is a lightning-fast layer-2 scaling solution that has been one of the most resistant coins since the FTX collapse.
With numerous coins dropping by 30% or more in the last week, MATIC is down just 4%, made even more remarkable by the fact the coin pumped from $0.70 to $1.25 in the days leading up to the crash.
Polygon is loved by long-term investors because it makes Ethereum even faster and more usable.
While some worried that the Merge may mean layer-2s would be pushed to the side, Ethereum upgrades actually benefit solutions like Polygon – relying on its technology to become faster and more energy-efficient.
Polygon effectively transforms Ethereum into a multi-chain system, while in turn benefiting from Ethereum’s security, ecosystem, and openness.
The MATIC token secures the system and is also used for governance.
It has attracted major institutional support – it is one of billionaire Mark Cuban’s biggest crypto investments and coffeehouse chain Starbucks will use it to build its Web3 capability.
The protocol also has a growing ecosystem of dApps and, still trading for under $1, appears set for a huge breakout in the next bull run.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
10. Bitcoin – De-Facto Crypto and Top Store of Value
Bitcoin is the world’s largest crypto project by market capitalization and without a doubt the most recognized – even by those that have never previously invested in digital assets. T
hose looking for the best crypto to buy on the dip should consider Bitcoin for its long-term value.
In fact, based on the current bear market, investors can build a position in Bitcoin at a huge discount when compared to its previous highs.
This occurred in November 2021, whereby Bitcoin surpassed a value of $68,000, but BTC is currently trading below $20,000 – and has been at that level for months.
As such, investing in Bitcoin at these pricing levels represents a discount of nearly 75%.
If and when Bitcoin regains its previous heights of $68,000, this would translate into an upside target of 250%.
However, traders and investors are warning of a local bottom of $12-14k in November 2022, before a return about $20k by the end of the year.
Strong Bitcoin proponents will argue that the medium-to-long term target of Bitcoin is the $100,000 level, so this offers an even more attractive upside potential. Best of all, investors on a budget are not required to purchase a full Bitcoin token.
Instead, Bitcoin can be split into small fractional units, which means that beginners can get started with just a few dollars.
Another benefit of buying Bitcoin is that users can deposit their tokens into a crypto savings account to generate a passive income. This can come in handy while the wider crypto markets are bearish.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
11. Ethereum – Market Leader in Smart Contracts
Another option to consider from our list of the best crypto to buy during the crash is Ethereum. This digital currency sits just behind Bitcoin in the market capitalization rankings, albeit, just like the rest of this industry, its value has taken a major hit in 2022.
For instance, towards the end of 2021, Ethereum hit an all-time high of nearly $5,000. Since then, Ethereum has hit lows of $900. This means that in less than three trading quarters, the value of Ethereum has declined by more than 80%.
However, once again, we would argue that this offers a superb opportunity to purchase a the top altcoin on the market.
After all, should Ethereum eventually get back to the $5,000 level, based on current prices, this would require an upside of over 450%.
Therefore, in terms of price targets, Ethereum is potentially a much better investment prospect than Bitcoin. In terms of the fundamentals, Ethereum is a dominant market leader in the smart contract niche. Its blockchain framework also hosts some of the largest metaverse projects, such as Decentraland and The Sandbox.
In addition to thousands of ERC-20 tokens, notable medium-cap projects built on top of the Ethereum blockchain include DAI and Shiba Inu.
Ethereum is also worth considering in the current economic landscape due to its successful update – The Merge – which improved its speed and scalability and reduced energy consumption by 99.99%.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
12. XRP – Global Financial Network for Banks
Another crypto project that is sure to remain relevant during and after the current bear market is XRP. This project – which was first founded back in 2012, is home to proprietary technology that enables banks and financial institutions to transact internationally.
In fact, XRP has completely revolutionized the multi-trillion-dollar interbank sector. The reason for this is that transactions conducted via the XRP network take less than 10 seconds to process. This is in stark contrast to the 1-3 working days that legacy networks like SWIFT often take.
Moreover, unlike SWIFT, XRP transactions are ultra-cheap. The price of each transaction, regardless of where the sender and receiver are located and the currency being used, averaged just $0.02. And, when it comes to scalability, XRP is able to handle more than 1,500 transactions each and every second.
If that wasn’t enough, the XRP network also solves many issues when it comes to liquidity. Ordinarily, when emerging currencies are sent and received, the transaction requires the use of correspondent banks. This means that the funds will first need to be exchanged for a major currency like US dollars or euros.
Once again, this not only results in high fees but slow processing times too. In comparison, XRP acts as a bridge of liquidity. As a result, banks and financial institutions still benefit from fast and low-cost international transactions irrespective of which currencies are being traded.
To invest in XRP in the current market climate, traders will have access to a favorable entry price. 2022 levels have since dipped below $0.30 per token, which will appeal to investors that wish to gain exposure to the long-term ambitions of this crypto project.
XRP is currently locked in a court case with the US Securities and Exchanges Commission, though recent news has been extremely positive.
Should it win – with a judgement expected in the first half of 2023 – it would send XRP skyrocketing and spark mass institutional investment, as the first fully regulated and US-court backed crypto.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
13. Decentraland – Popular Metaverse Project With Growing Interest From Major Brands
Another way to capitalize on the crypto bear market is to invest in a top-rated metaverse project like Decentraland.
This project is arguably the biggest in the space and has attracted a long list of global brands, including the likes of Samsung, Miller Lite, Heineken, Adidas, and even PricewaterhouseCoopers.
The aforementioned brands have actually purchased virtual land and digital assets within the Decentraland ecosystem, which provides the project with legitimacy. Decentraland is also behind its very own native token – MANA, which is the in-game currency of the metaverse
This means that when individuals and brands purchase real estate within Decentraland, they must use MANA to complete the payment. As such, this ensures that unlike many digital currencies in this marketplace, MANA has real-world use cases.
According to CoinMarketCap, MANA was priced at just $0.025 in 2017. This means that with an investment of just $100, 4,000 MANA tokens would have been purchased.
Fast forward to late 2021 and MANA hit an all-time high of $5.90. This translates into gains of over 23,000%. In other words, the original $100 investment would have been worth over $23,000 at its peak.
Although the price of MANA has seen witnessed a major correction, the good news is that it is now possible to invest in Decentraland at a major discount.
In fact, as of writing, MANA can be purchased at a discount of over 90% when compared to its prior all-time high.
14. Cronos – Native Token of the Crypto.com Ecosystem
Next up on our list of the best crypto to buy during this dip is Cronos. Otherwise referred to as CRO, Cronos is the native digital token of the Crypto.com ecosystem. Thie platform is one of the largest crypto exchanges in this space for trading volume.
Those with an allocation of CRO will benefit from a wide range of perks when using Crypto.com. For instance, when staking CRO, users will benefit from discounted trading commissions. Moreover, staking CRO attracts a passive income via a fixed rate of interest.
Those using Crypto.com for its interest accounts will get higher APYs when staking CRO. In terms of its performance, CoinMarketCap notes that CRO was initially priced at just $0.017 when it was launched to the public in 2019. Since then, the digital asset hit highs of over $0.96.
This equates to end-to-end gains of over 5,550%. Those with an interest in Cronos can, however, enter the market at a huge discount when compared to its previous peak. In fact, based on prices as of writing, investors will pay an entry price that is nearly 90% lower than the prior all-time high.
15. Solana – Nearest Competitor to the Ethereum Framework
The final option to consider from our list of the best crypto to buy during the crash is Solana. The reason for this is that while Solana has a minute market share of the broader smart contract industry when compared to Ethereum, it actually possesses better technology.
This is the case in multiple areas. First and foremost, due to the sheer number of transactions that the Ethereum blockchain is required to facilitate, the project is known for its high fees. This can often surpass $10 per transfer, which makes micro-transactions unfeasible.
This is a major issue when one considers that micro-transactions are a core segment of the smart contract space. After all, each and every smart contract that is deployed and/or executed requires an individual transaction, and thus – this attracts a fee.
In comparison, Solana transactions regardless of the number of tokens being transferred cost a tiny fraction of a cent. Furthermore, a major issue with Ethereum is that the blockchain can handle an average of just 15/16 transactions per second. Solana, on other hand, reportedly can handle tens of thousands of transactions in the same timeframe.
With this in mind, it could be worth purchasing an allocation of Solana tokens to an investment portfolio in the event that the project does one day become the de-facto smart contract platform.
However, Solana has been one of the biggest it coins during this crash when it was revealed that around 29 million SOL would be unlocked – and presumably sold.
The coin quickly started dumping before the Solana Foundation announced that the unlock would be postponed, further infuriating members of the community who wanted to sell off much devalued coins.
SOL may well recover but investors should be wary until the market on the coin settles.
Why is the Crypto Market Crashing?
Those concerned about the state of the crypto market in 2022 should understand that all investment sectors go through cycles. This is especially the case with the stock markets, which over the prior 100 years, have gone through plenty of extended bullish and bearish periods.
The market has been on a downtrend throughout 2022 because of rising interest rates, inflation, the Russo-Ukrainian War, soaring energy bills, political unrest in the Western world and many other macroeconomic factors.
The local crash has been sparked by the near collapse of the FTX exchange as well as people dumping SOL and upcoming CPI data being released.
There have been many bullish and bearish periods throughout market history – this includes the 2008 financial crisis, dot-com bubble, and plenty of other recessions.
The broader stock markets have, however, always recovered. In this regard, the crypto markets are no different and operate in cycles.
To illustrate this point, let’s explore the 2017 bull and bear market as a prime example. At the turn of 2017, Bitcoin was trading at just $1,000. By the end of the year, Bitcoin hit a then all-time high of $20,000 – resulting in one-year gains of 2,000%.
Many other cryptocurrencies during this period experienced even higher gains. However, after peaking at $20,000, Bitcoin and the wider crypto market entered a prolonged bearish cycle. During which, Bitcoin hit lows of nearly $3,000.
This translates into a decline of nearly 85% from its prior peak of $20,000. Crucially, as we now know, Bitcoin and the wider crypto markets eventually recovered. In fact, not only did Bitcoin regain its prior peak of $20,000 in late 2020, but it went on to hit new highs of nearly $69,000.
This means that from its low of $3,000 in late 2018, Bitcoin went on to increase in value by more than 2,200%. Therefore, those worried about the future of crypto should understand that market cycles are perfectly normal.
In fact, not only are market cycles normal, but they present a superb opportunity to buy high-quality crypto tokens at a significant discount. As such, crypto bear markets are often viewed by seasoned traders as a ‘buying season’.
Should You Invest During the Dip?
As noted in the section above, market crashes should be viewed as an excellent opportunity to purchase cryptocurrencies at a huge discount. After all, why pay $69,000 for Bitcoin when investors can instead enter the market at $20,000?
However, there are several important points to make when searching for the best crypto to buy during the dip. First, much like any other bearish cycle, there will always be a number of casualties that do not survive.
Thus far, we have already seen the likes of Terra Luna and Terra USD collapse by more than 99% – leaving investors with a portfolio of tokens that are now pretty much worthless. Bearing in mind that the market correction has only just begun, it would be wise to expect more projects to collapse.
The FTX exchange – and its native token FTT – appears to be on the brink, while Solana has dropped 56% in a week and could yet fall further.
As a result, it is crucial to invest only in high-grade projects during a market crash. Some notable contenders here include new crypto presales like Dash 2 Trade and IMPT – which tend to perform well despite bear market conditions – and well-established staple projects like Bitcoin and Ethereum.
Second, it is important to ensure that crypto investments are well diversified. This means that investors should consider buying multiple different tokens from a variety of niche markets.
Third, the importance of dollar-cost averaging should not be understated during a bear market. The reason for this is that nobody can predict where the bottom is.
As such, rather than injecting a lump sum into crypto projects, traders should consider splitting investments across regular intervals.
This might see the investor place an order on a weekly or monthly basis with the view of averaging out their cost price.
How to Find Cryptos to Buy During the Dip
There are several ways to find cryptos to buy during the current market dip – which we discuss in more detail in the sections below:
Previous Dip
The first thing to explore when choosing the best crypto to buy during the crash is whether or not the project in question has survived a previous bearish cycle.
For example, the likes of Bitcoin, Ethereum, BNB, and many other high-grade cryptocurrencies not only survived the 2017-19 bear market but have since gone on to witness significantly higher peaks.
This illustrates that the aforementioned projects have what it takes to survive the current bear market.
Look for Presales
Presales offer a superb way to grab high-quality crypto tokens at a highly attractive entry price.
This is the process undertaken by newly launched crypto projects and it allows early-bird investors to gain exposure to the respective token at a lower cost than that of the subsequent public sale.
This is one of the many reasons why we found that Dash 2 Trade and IMPT are two of the best cryptos to buy during the crash.
Target Maximum Upside
When searching for high-quality projects to invest in during a market dip, investors should take full advantage of heavily discounted prices.
For example, we mentioned earlier that in late 2021, MANA was priced at nearly $6 per token. However, considering that this ever-growing metaverse project has since hit lows of almost $0.50, this represents a discount of over 90%.
Furthermore, those buying MANA at this entry price might consider that should the token regain its prior all-time high, this would represent an upside of almost 1,100%.
Interest-Bearing Tokens
During a bear market, it is evident that portfolio valuations will take a major hit. The good news, however, is that investors can still generate income during this period.
The reason for this is that many of the crypto tokens discussed today have the capacity to earn interest via staking and yield farming.
Conclusion
This market insight has explored and ranked the best crypto coins to invest in during the crash that currently affects the broader economy as well as the cryptocurrency markets.
Each crypto project differs from the next, which offers a great opportunity to create a diversified portfolio of high-grade tokens at discounted prices. By diversifying during a bearish market, this will reduce the risk of being overexposed to a single project.
Nonetheless, overall, we found that the best crypto to buy right now is FightOut (FGHT), which is an all-in-one move to earn crypto.
Considering stage 1 of FightOut’s presale offers each token at $0.016 and a 50% bonus, investors should bag this coin now before it reaches the exchanges and only 10% of the total supply is allocated to liquidity.
FightOut - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $1M+ Raised
- Real-World Community, Gym Chain