The crypto market has been bearish for most of 2022 which has seen the prices of crypto assets going below their highs of late 2021.
Bitcoin, the largest cryptocurrency today has neared its all-time low while many crypto investors sell off their assets. Nevertheless, averse risk-takers are still buying cryptocurrencies for the next bull run.
No one knows when the bearish market will last but experts have stated this is the best time to buy. Some altcoins are growing amid the market downturn so should be an option when buying.
Let’s take a look at the 5 must-have cryptocurrencies to have before the next bull run.
Must-Have Cryptocurrencies to Have Before 2023
The cryptocurrencies listed earlier have found their way to this list based for several reasons. If you are looking for crypto assets to invest in as we prepare for the next bull run then you must see this.
1. Bitcoin (BTC)
Bitcoin’s price has gone below its all-time high of $60, 000 in November 2021. As of writing, the Bitcoin price is $19,010.20 which is less than three times in November 2021.
Nevertheless, averse-risk takers are still investing in Bitcoin. The largest crypto asset has witnessed a dip many times only to soar thereafter. It is expected that the price of Bitcoin among many other cryptocurrencies will still go high so many are investing now.
Crypto experts expect the crypto market to be worth around $250 Trillion by 2030 with Bitcoin playing a huge part. BTC has real value uses which make it the best crypto asset to invest in going forward.
2. Ethereum (ETH)
Ethereum is the second largest cryptocurrency today and has been predicted to overtake Bitcoin in the future. Many projects are building on the Ethereum network for its element which includes DeFi, Dapps, metaverse, and web3.
The latest upgrade to the proof-of-stake consensus will improve the network’s efficiency. It will also cap the minting of new Ethereum tokens. This will limit its supply amidst growing demand and also catapult its price.
Ethereum already has a larger ecosystem than Bitcoin which has made many investors consider it.
3. Solana (SOL)
Solana is one of the fastest-growing smart contracts today. SOL has onboarded several technologies from DeFi rod Apps, NFTs to the metaverse, play-to-earn games to meme coins, and even decentralized exchanges.
SOL has grown massively despite the crypto market prices. It is expected to grow beyond and attract more investors going forward.
As the crypto market awaits the next bull run, Solana is expected to recapture its 2021 highs and even beyond. As of this writing, the price of SOL is $28.54.
4. Binance Coin (BNB)
Binance Coin is the utility token of the Binance exchange, which is the largest by volume. Binance Coin doubles as the native token of the Binance Smart Chain.
The token is used by millions of users on the platform to settle transaction fees on both networks and has been massively adopted by some investors. With this, BNB has grown and will continue to grow.
Like Solana, the Binance Smart Chain network has onboarded several emerging technologies from DEXs to NFTs, meme coins, Web3 protocols, play-to-earn gaming, and the metaverse.
5. Cardano (ADA)
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism. Although its ecosystem is not as big as the Ethereum blockchain, it has also hosted several other platforms. It is also used by some agricultural companies to track fresh produce from field to fork- this makes it valuable.
Users can develop and deploy smart contracts on Cardano, allowing native decentralized applications (DApps) to be built on blockchain.
Cardano’s price broke the $3 mark and hit an all-time high of $3.101 on Sept. 2, 2021, ahead of the launch. With its latest development, the future looks bright for Cardano. As of writing, the price of ADA is $0.368542 with a live market cap of $12,637,896,439.
Are Cryptocurrencies Worth Buying in 2023?
Crypto experts and analysts have predicted cryptocurrencies as the future of money. Although there are major issues with cryptocurrencies that have made some people state otherwise which include volatility, scams, and so on.
However, going by the market downturn coupled with inflation which has affected the industry in 2022, crypto has been said to bounce back. This is because the market has witnessed such and has bounced back and is expected to do the same going forward.
The crypto market has witnessed a huge fall in prices in 2022. Crypto and financial experts have predicted this is the best time to invest in crypto assets.
While awaiting the next bull run, the top crypto assets have to include Bitcoin, Ethereum, Solana, Binance Coin, Cardano, Dogecoin, and so on.