The bear market hit extremely hard in 2022. Most cryptocurrency prices have plummeted over the past few months. This triggered frustration among investors, causing them to further liquidate their positions. Today, the crypto market is showing signs of a comeback. Ethereum exploded more than 50% in the past week, while the crypto market gained an average of more than 15%. Which altcoins to buy for this upcoming crypto bullrun? In this article, we present 4 altcoins to buy before they explode.
How have Cryptocurrency prices moved in recent months?
Most cryptocurrencies saw a significant drop in prices over the past few months. The Bitcoin price fell by over 80% from an all-time high in November 2021. In November 2021, the bitcoin price was around $69,000. At the turn of the year, this rate fell to $48,000.
In 2022, the price of bitcoin fell even further. Cryptocurrency prices recovered slightly in March and April. But in May and June at the latest, we saw further massive falls in crypto prices. In June, the Bitcoin price even fell below $20,000. In the weeks that followed, the price recovered slightly. Today, the cryptocurrency market is attempting to recover, as most cryptos are up in the past week.
Top 4 Altcoins to BUY before the next Bullrun
The current low prices offer a good opportunity to buy cryptocurrencies cheaply at the moment. But which altcoins are currently worth investing in?
1. Polygon (MATIC)
The Polygon network is a scaling solution for the Ethereum blockchain. In recent years, the Polygon ecosystem has grown massively. The implosion of Terra in recent years has caused numerous projects to switch to the Polygon blockchain.
Polygon is a more efficient and faster alternative to Ethereum. It uses sidechains to speed up transactions and make the network more efficient overall compared to Ethereum. Polygon is an extremely exciting choice among altcoins.
Solana experienced massive hype in 2021. In recent years, many network crashes on Solana caused many users to distrust the network. But the extremely fast transactions and high scalability continue to make the network attractive.
The number of addresses from Solana users saw an 87% increase in active addresses in one year. The daily gas fees paid on the Solana network can compete with Ethereum fees to some extent. Despite its problems, Solana’s massive growth cannot be ignored.
3. Polkadot (DOT)
Polkadot represents a network that wants to achieve interoperability between different blockchains . The network uses so-called parachains, which can connect different blockchains with each other.
Polkadot offers certain security for many new blockchain projects to develop their new blockchains based on the structures of the Polkadot network. Among the altcoins, the Polkadot network offers secure structures for developers to develop their own blockchain for the future.
4. Binance Coin (BNB)
Binance’s native token should continue to grow extremely strong over the next few years. Binance is the largest crypto exchange in the world. With the massive growth of the finance exchange, the BNB token should also continue to grow.
Binance should remain the world’s largest exchange for cryptocurrencies in the future. Most recently, Binance burned about 2 million tokens worth $444 million . This should result in the value of the BNB token continuing to increase over the long term.
Where to Buy the above-mentioned Altcoins?
Due to the low prices in the bear market, you currently have the opportunity to buy the altcoins presented cheaply and to make extremely high profits in the long term. Go to the following crypto exchanges to purchase the coins mentioned: