Downturns have rocked the broader cryptocurrency market since prices peaked at the end of 2021. This long period of depressed valuation has set in like a crypto winter – the crypto equivalent of a bear market. At times like these, investors who are willing to change their strategies can always find great ways to preserve value and uncover emerging growth opportunities. Here are five tokens worth considering for any winter crypto investing strategy.
Volatility is not only a threat, it can also open up new opportunities. Investors looking to trade emerging opportunities should consider BudBlockz (BLUNT), a cannabis-related cryptocurrency with one of the best set of use cases we’ve seen. Rather than promising to revolutionize the field, BudBlockz has gone all out to support the cannabis industry’s evolving financial infrastructure, making it easier for consumers to invest in businesses across the supply chain. . It’s a remarkably level-headed approach to an industry that has proven extraordinarily resilient to recent years of broader economic malaise.
Stablecoins peg their value to that of a fiat currency, making them extraordinarily resilient during market downturns. USD coin (USDC) has become the most secure stablecoin available. Anchored to the US dollar, it is also backed by USD reserves, unlike its main competitors. Even better, USD Coin is part of the influential Center Consortium, which seeks to unite fiat and crypto currencies, giving it another dimension of stability. Preserving value is key during bear markets and crypto winters, and USD Coin is our preferred way to do it.
In a bear market, diversification is almost as important as risk management. The Cosmos The platform represents a way to play across large swathes of the crypto space by facilitating the creation of blockchains themselves. Its native token, ATOM, allows all elements of the Cosmos network to interoperate. This may all be a bit abstract, especially for casual crypto investors, but the proof of ATOM’s resilience is in the charts: while many other major tokens have struggled to find new ground , ATOM surged from late August to early September.
When investors jostle, financial systems can win. Payment settlement pioneer Ripple (XRP) is proof of this, making it a go-to option in tough economic times. It has remained resilient despite relatively high operating overhead and extremely low transaction fees, proving the wisdom of its position as a high-volume platform. Institutions are also using Ripple – Bank of America and Banco Santander to name just two – giving XRP a strong position in the fiat world that only stablecoins can match.
Most investors make room in their portfolios to play the broad market, even when the market is weak. Binance Coin (BNB) is issued and used by Binance Exchange, the world’s largest cryptocurrency exchange, putting it right in the thick of the action. If you want to keep any cryptocurrency in your portfolio, BNB should be a consideration as the whole industry looks to rebound.
Learn more about BudBlockz (BLUNT)
Official website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord server: https://discord.gg/s7hBFgvTmN
All BudBlockz links: https://linktr.ee/budblockz