2022 was largely a year best left forgotten for crypto, as a prolonged bear market caused prices to plummet across the board. Investing in cryptocurrencies can be an emotional rollercoaster, and it’s no surprise the entire asset class is characterized by being high-risk. Conversely, of course, there is always the potential for high-reward.
With prices now low across the board, many investors have started to explore which diamonds look poised to rebound during the next bull market, as prices are expected to skyrocket once more.
For some prime bear market opportunities, here is a list of the 8 best cryptos to invest in now while prices are low:
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- Metacade (MCADE)
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- Dogecoin (DOGE)
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- Decentraland (MANA)
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- Stellar Lumens (XLM)
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- The Sandbox (SAND)
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- Fantom (FTM)
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- Aptos (APT)
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- ApeCoin (APE)
1. Metacade (MCADE)
Metacade is a new blockchain application that has recently started to attract a lot of attention and is currently classed as the best crypto to invest in now. The platform is steadily laying the groundwork towards becoming a comprehensive metaverse arcade that offers many different play-to-earn (P2E) titles as well as gaming tournaments with significant prize pools.
Metacade also aims to drive the expansion of the GameFi industry in a number of ways. It will offer mechanisms to provide early-stage funding for top community-approved content, and in-demand metaverse games, as well as unique payback features, rewarding users for contributing to its gaming community. It is widely expected that Metacade could become one of the biggest metaverse platforms to make an impact in the world of Web3.
Why buy MCADE?
The MCADE token recently launched its presale. In just 4 weeks, over $1.3 million was raised to support metaverse development for the platform. A key reason why Metacade is the best crypto to invest in now is that its presale event is offering some excellent-value early-bird deals across multiple stages.
This could give early investors a huge return during the current bear market and Metacade’s long-term potential looks even more rewarding. Metacade is community-driven and is expected to attract a major user base as the arcade moves closer to going live. During 2023, with the current direction in which the project is heading, the value of MCADE looks set to skyrocket.
2. Stellar Lumens (XLM)
Stellar Lumens, commonly referred to as XLM, is an open-source, distributed digital currency and payment platform. Stellar Lumens has the potential to improve the efficiency of cross-border payments because it offers a fast, secure and extremely low-cost option for transferring funds internationally.
Stellar also enables people and organizations to issue tokens backed by funds on Stellar’s blockchain, which makes Stellar an attractive choice for businesses looking to quickly onboard users or tokenize assets. With near-0 fees, Stellar stands out from other cryptocurrency networks, making it a popular choice for large enterprises.
Why buy XLM?
Stellar Lumens has formed partnerships with some major companies including IBM. The project looks like a useful blockchain solution for enterprises and financial institutions, as the network delivers a trusted and efficient method of processing crypto payments.
As blockchain technology continues to grow in popularity around the world, more businesses are seeking methods of integrating the technology with their day-to-day operations. Over time, this could raise demand for enterprise-grade blockchains such as Stellar and boost the price of XLM. For this reason, it is the second-best crypto to invest in now.
3. The Sandbox (SAND)
The Sandbox, often referred to as SAND, is a blockchain-based metaverse that enables players to build, own and monetize digital assets. The platform is designed with collaboration in mind and allows users to interact with each other using custom avatars and digital assets. The Sandbox utilizes NFTs (non-fungible tokens) which are used to represent digital belongings in the metaverse.
The platform also offers a marketplace where users can upload digital items they have created and publish them so other players can purchase them. The Sandbox strives to bring gamers, content creators and developers together by providing engaging gaming experiences in its immersive metaverse landscape.
Why buy SAND?
The Sandbox is one of the most popular metaverse games. It is expected to help to drive the expansion of the metaverse throughout the gaming industry as players are provided with a level of customizability that is very rare in legacy games. Over time, the SAND token is expected to reclaim its previous highs, so it is the third-best crypto to invest in now.
4. Fantom (FTM)
Fantom, or FTM, is an open-source distributed ledger platform designed to provide high-throughput transaction processing for smart contracts. The network also offers a way to trace the supply chain which can help to deliver more transparency for the global economy.
Fantom seeks to solve the scalability challenges of traditional distributed ledger technologies by deploying a hybrid form of consensus called the ‘Lachesis Protocol’. This protocol uses a variation of DAG technology which is more efficient than blockchain and allows Fantom’s network to achieve 1000s of transactions per second.
Why buy FTM?
FTM takes the fourth spot on the list of best cryptos to invest in now as the network can serve businesses all over the world by improving traceability in the global supply chain. It is an innovative blockchain solution that leverages a key characteristic of distributed ledger technology: immutability. Over time, FTM is expected to rise in value due to its useful blockchain solution.
5. Dogecoin (DOGE)
Dogecoin (DOGE) is a cryptocurrency that was created as a joke in 2013 by Australian programmer Jackson Palmer and American software engineer Billy Markus. Dogecoin has become increasingly popular over the years, though it differs from other cryptocurrencies due to its focus on community rather than large commercial usage.
Dogecoin continues to be used as an online payment system and accepted as currency at some stores, with transaction fees being much lower than other proof-of-work cryptocurrencies. Dogecoin is also frequently used for charitable causes, such as raising money for the Jamaican bobsled team in 2014 and for clean-water projects in Kenya.
Why buy DOGE?
DOGE is number 5 on the list of best cryptos to buy right now. The meme coin has lacked utility since it was first launched but has regularly been promoted by prominent figures such as Elon Musk. Since Musk purchased Twitter, it is expected that Dogecoin will become a payment method on the platform and speculators are expecting some big price action when this happens.
6. Decentraland (MANA)
Decentraland is an open-source, decentralized metaverse powered by the Ethereum blockchain. It gives users the power to create and share content using its native token, MANA, as a medium of exchange. Decentraland is fully owned and operated by its users without any central entity controlling the system’s operations or user experience.
The platform has enabled a decentralized global community to form, allowing members to own their virtual creations and earn an income while trading items or promoting businesses in the metaverse. It is an exciting leap forward for user-generated content (UGC).
Why buy MANA?
The Decentraland metaverse allows anyone to build and monetize metaverse-based content. This can serve eCommerce and other businesses as they purchase metaverse real estate and build immersive utilities for customers.
It is widely expected that this can boost the level of metaverse adoption over time as it could play an important role in corporate-level marketing. For this reason, MANA is sixth on the list of the best cryptos to invest in now.
7. Tron (TRX)
Tron is a high-speed, low-cost blockchain network powered by the TRX token. Tron looks to improve scalability, privacy, and security through its blockchain solution, and has become a useful method of making payments due to low network fees.
Tron also allows users to interact without any third party needed, which makes Tron a truly decentralized blockchain network. A core aim of the Tron project is to offer users an opportunity to directly share data and access entertainment sources online without any third-party interference.
Why buy TRX?
Tron is seventh on the list of best cryptos to invest in now. It is commonly used as one of the most affordable methods of sending cryptocurrency payments over the blockchain and it is one of the most scalable networks in Web3. Tron’s high level of users is expected to continue to grow and the TRX token will rise in value as a result.
8. Enjin (ENJ)
Enjin (ENJ) is a digital currency that was created by Enjin, a gaming platform that allows people to create their own digital worlds. Enjin provides gamers with an ecosystem of interconnected, blockchain-based games and virtual goods that can be traded, collected, and sold across multiple game platforms.
Enjin’s ENJ token operates as a game-agnostic payment medium and also serves as the exclusive medium of value required to mint Enjin Platform tokens, enabling game developers to use Enjin’s blockchain technology for creating unique in-game items.
Why buy ENJ?
Enjin is number eight on the list of best cryptos to invest in now. The platform offers an innovative solution for blockchain games and can help to expand the GameFi industry. Through Enjin, game developers can create gaming assets that can be traded almost instantly at a low cost, which helps to improve the gameplay experience.
GameFi could conquer the wider gaming industry over time. As the sector progresses, Enjin will play a key role. For this reason, ENJ looks to be a great buy at current prices and it is certainly one of the best cryptos to invest in now.
Which is the best crypto to invest in now?
Metacade looks to be the most promising project on the market and the best crypto to invest in now. The MCADE presale is only just getting started and has already attracted major funding. Many investors are extremely bullish on the project’s future, as Metacade looks like it will offer a unique range of different features that distinguishes it from any competition, and could benefit a large number of users from around the world.
While the MCADE token is currently underpriced, this is not expected to last. MCADE has already risen from $0.008 to $0.01 during the presale and it will soon jump to $0.02. When the presale is complete, Metacade has the potential to rival MANA, SAND, and ENJ as a top metaverse gaming project, as a strong foundation in an explosive market means that major gains are on the horizon for Metacade.
