Why is it convenient?
- Revenue can be earned in a number of ways: for example, Metacade rewards users with the MCADE token for valuable content within the community.
- You can earn rewards by playing, participate in sweepstakes and tournaments.
Community platforms are often popular with gamers because they provide a meeting point for those who share interests to connect through their favorite games, such as Twitch or Discord. Metacade offers forums, chat rooms, and other social features for users to interact.
Furthermore, P2E is one of the fastest growing industries on the planet, and according to Crypto.com, it is expected to grow to €50 billion by 2025. So while P2E gaming will have its ups and downs, Metacade will continue to grow. leading the industry.
Expectations do not stop growing, with more than 1.18 million euros in MCADE tokens already sold. Metacade could be the next big thing in P2E gaming, which is why it’s the best crypto to invest in during the cryptocurrency bear market.
2.Ethereum
Ethereum is the world’s leading smart contract platform and the reference network for decentralized application (DApp) developers. Currently, there are thousands of DApps, DeFi projects, NFT collections, and tokens that heavily rely on Ethereum to function, and they all have one thing in common: they use Ethereum to pay transaction fees.
As the Ethereum ecosystem grows, so will the demand for ETH, and the growth seems unstoppable. As of January 2022, Electric Capital identified around 4,000 monthly active developers working on Ethereum, roughly 22% of the ~18,000 developers on crypto and Web3 projects.
Ethereum’s transition to proof-of-stake (PoS) will skyrocket this number in 2023. The Shanghai hard fork is expected in March 2023, allowing participants to access their staking rewards and moving Ethereum further away from proof-of-work (PoW). Sharding, scheduled for fall 2023, will improve scalability on the network and open the doors to new Ethereum use cases. Considering its wide adoption and upcoming improvements, Ethereum is the second best token to invest in during the current cryptocurrency bear market.
3.Bitcoin
Bitcoin (BTC) may seem like an obvious but must-have option. It is the best-known and oldest cryptocurrency on the market, and arguably the most decentralized as well. Despite its recent downfalls, Bitcoin has been one of the best-performing assets in history, and since its inception, has far outperformed the benchmark S&P 500 index.
Not convinced? He thinks that despite a series of major crypto market crashes, multiple bear markets, and a (relatively) slow rate of adoption by institutions, Bitcoin has remained the most valuable cryptocurrency. Its price floor has been trending steadily higher, and despite declining along with the rest of the crypto market, BTC’s current value is still higher than many investors expected just a few years ago. Overall, these factors make Bitcoin a solid option for anyone looking to invest during the cryptocurrency bear market.
4.Cardano
Cardano is a smart contract platform that stands out for its methodical approach to on-chain development. Each update is backed by research and agreed upon by academics before being implemented. Its consensus mechanism, Ouroboros, is the world’s first demonstrably secure PoS protocol and makes Cardano one of the leaders in blockchain security.
Cardano is also one of the only blockchains built with regulation in mind. While Ethereum often outshines Cardano, its slow and steady approach could guarantee its long-term success, making it the third best crypto to invest in during the current cryptocurrency bear market.
5. Binance Coin
Binance Coin is the native token of the Binance exchange and the third most valuable cryptocurrency at the moment, excluding USDT and USDC. BNB started as a trading rate discount token built on the Ethereum network in 2017, but in 2019, it migrated to Binance Chain. A year later, Binance launched the Binance Smart Chain, which added smart contracts to the network. Now, Binance Smart Chain (or BNB Chain) is Ethereum’s biggest rival, holding thousands of DApps and tokens.
But unlike Ethereum, BNB isn’t just used for gas fees. In addition to the discounts it offers to traders on the Binance exchange, users can purchase items through the Binance marketplace and participate in token offers on Binance Launchpad. this uMulti-purpose utility makes BNB an exceptional choice for the next bull marketgiven its potential to benefit from increased activity on the Binance exchange and growth in other areas of the Binance ecosystem.
6.ApeCoin
ApeCoin is a token that has skyrocketed in popularity since its launch in April 2022. It is the native utility and governance token of the Ape ecosystem. Yuga Labs, the team behind Bored Ape Yacht Club (BAYC), the second most valuable NFT project, created ApeCoin.
While APE offers owners exclusive access to Ape ecosystem features and voting rights in Ape DAO, its most promising use is as a medium of exchange on the Otherside. Otherside is the metaverse of Yuga Labs, which has generated great anticipation among crypto investors. Animoca Brands, the company behind what some consider the most successful crypto metaverse project, has partnered with BAYC to build Otherside.
Otherside is expected to come out in 2023, and its release could trigger a flood of investments in ApeCoin, as gamers prepare to experience a new frontier of digital interaction. Like BNB, APE is an all-purpose token, and its connection to the fast-growing NFT and metaverse markets make it a solid investment option during the current cryptocurrency bear market.
7.Chainlink
Chainlink is a decentralized oracle network that allows smart contracts on the blockchain to securely access data sources, APIs, and other external information off-chain. Instead of being limited to purely on-chain data, Chainlink opens the doors for blockchains to incorporate data that was previously unavailable, increasing the number of use cases for blockchain technology.
As more institutions and industries adopt blockchain technology, the need for secure and reliable data integration will increase. C.hainlink is the market leading decentralized oracle network and is perfectly positioned to meet this increased demand.
8.Near Protocol
NEAR Protocol is a smart contract-enabled project whose goal is to multiply scalability without compromising usability. While Ethereum has yet to implement sharding, NEAR already uses it to achieve ultra-fast transaction speeds at negligible cost. Once fully implemented, NEAR should achieve around 100,000 transactions per second.
One of the key features of NEAR compared to other smart contract platforms is its focus on the user experience. For example, it allows for human-readable wallet addresses. Furthermore, those who develop on NEAR can use well-known languages like Javascript and Rust to create DApps. This flexibility is critical for mass crypto adoption and could drive growth for the platform in 2023. Considering its partnerships with Google Cloud, Binance, and ConsenSys, NEAR is the 7th best crypto to buy during the cryptocurrency bear market.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
