During a bear market, it can sometimes feel like you’re in the middle of a storm or rocky seas when it comes to your funds. However, learning to ride the waves can allow you to rise higher and even prepare yourself for when the inevitable bull market arrives. Hence, it’s crucial to strengthen your portfolio, especially during a bear market to cut your losses and increase your profits. This could come in the form of analyzing your portfolio to ensure you have a good mix of investments to cushion losses or boost your profits, selecting projects that have a long-term proposition as opposed to a short-term fad, and most importantly having holding power, meaning you only invest an amount you wouldn’t need in the immediate short-term future.
Since analyzing your portfolio and ensuring you don’t over-invest is something personal to each investor, in this article, we will cover some of the best cryptocurrency projects with long-term potential to buy and/or hold during this season.
Solana is coined the “next Ethereum” and for good reason, being a highly functional open source project that makes use of blockchain technology’s permissionless nature to provide DeFi solutions. Many projects today are built on Solana and it’s even used as a payment mode in some industries. Solana was launched in 2020 and has proven itself worthy by outperforming Ethereum across many metrics, such as speed and fees of transactions. Given its functionality, Solana is likely to be a cryptocurrency worth investing in for the long run.
In contrast to Ethereum, Bitcoin is likely to be able to keep its market share for a while, having first-mover advantage in the world of cryptocurrency. A recent tweet by a veteran in the crypto space stated that Bitcoin’s “crash” over the years has gone from $30, to $300, to $3,000, and now $30,000 – which implies that even though the current price seems low in contrast to recent times, it’s likely that once the market picks up, or as time passes, the value of Bitcoin will rise, making it a valuable currency to hold at the moment.
MetaPocket’s appeal lies in it being a one-stop digital wallet for all things GameFi with special features to boost earnings included, which gives it the natural power to aggregate communities across GameFi. Users can explore and interact with various decentralized games all within MetaPocket, and make use of the Yield Farming feature to increase their earnings by staking GameFi tokens for more METAPK, their in-house token. A noteworthy feature in-wallet includes a sniper bot where users can snipe tokens at launch to get them at the lowest prices, and earn the best profits. The METAPK token can be used for investment potential as its tokenomics ensure its growth, or to receive perks, higher earnings, lower fees, securities and more in the MetaPocket ecosystem. With its growing community and long-term potential for utility, MetaPocket is likely to stick around and grow in the long run, especially with the current growth and increasing popularity of GameFi, which means METAPK is valuable token to have and hold into the long term.
The Sandbox is one of the top said GameFi games, and with GameFi gaining popularity for its Play To Earn mechanics, it’s definitely an industry to explore more at this point in time. In-game, the earning power is based on land space (which is also its crypto token SAND) that users can build their virtual world on. Apart from in-game trades and more, you can build your creations on the land space and even sell them as NFTs for a profit. The Sandbox also has multiple events that keep players interested and coming back, and as long as it continues innovating, whether you’d like to play or invest, SAND would likely be a favorite in GameFi, increasing in value over time.
With all the above taken into account, we hope you’ve learnt something useful! Go ride the waves of the bear market and make your portfolio come out stronger. Remember to always do your own research and never invest more than you can lose at this point of time.