MEXCInterested In Altcoins? Here Are 3 That Could Boost Your Portfolio In Ongoing Bear Market
Altcoins: The ongoing bear market has resulted in uncertainty around the future of many crypto projects and has instilled caution in investors.
With portfolios going red, it’s understandable that investors want to tread sensibly in the current market scenario. Hence, we have compiled a list of altcoins, that look most stable and low risk, and could hold your portfolio together in the ongoing bear market.
Ethereum (ETH)
Ethereum is usually criticised for having high gas fees for conducting transactions. However, with its recent pivot to a Proof-of-Stake (PoS) consensus mechanism and scheduled ecosystem upgrades that will make the network more scalable, more secure, and more sustainable, Ethereum is here to stay.
It would be virtually impossible to think about the NFT and dApp ecosystem without Ethereum. With so much usability and significance, Ethereum will remain a force in the industry despite a bear market.
Current Price: $1,212.54
Market Cap: $148 Billion
BNB
Although BNB is a utility token and has been regularly criticised for being too “centralized,” it has captured a significant market share in the crypto industry.
One can not underestimate the rise of Binance’s ecosystem and the subsequent importance of BNB (to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, etc.).
Current Price: $249.35
Market Cap: $39 Billion
Also Read: Why are CryptoPunks So Popular? Can You Create NFT Collections like CryptoPunks?
XRP
Ripple (along with two of its top executives) is embroiled in a court case with the SEC, with the latter alleging that they should have registered XRP as a security, while the company maintains that XRP is a currency.
Regardless of the legal battle, XRP is still prominent as the ecosystem seeks to replace the old, expensive, and cumbersome international payments system. It can aide traditional financial institutions in modernising their infrastructure to enable fast and cost-effective payment processing.
Current Price: $0.345
Market Cap: $17 Billion
Also Read: Top 5 Certifications To Get Into Web 3.0 Industry
- Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch
- CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement
- Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days
- €648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs
- Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution
- Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
- Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal
- Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies
- Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?
- Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
