2023-09-12
When the price of cryptocurrencies is
on downtrend, Bitcoin will decline the least and altcoins tend to decline more.
If you put your investment in altcoins first during the market downtrend, you
will lose a lot of your money because when Bitcoin price is going down, altcoin
prices are going down even more.
1. Bitcoin (BTC)
You can invest in Bitcoin first; you
can buy bitcoins when the price close to the support line which is around
$16,000 - $19,000.
2. Ethereum (ETH)
When Bitcoin rebound to $20,000. Now it’s time to buy Ethereum. You can invest in Ethereum at the price near support line which is around $1,200 - $1,500.
Bitcoin and Ethereum will outperform
the rest of altcoins during the bear market. They can protect your money during
the bear market which usually people lose a lot of money during this period of
time.
3. Solana (SOL)
Usually when Bitcoin price break through
$30,000. Altcoins will follow Bitcoin price. You can pick altcoin other than
Ethereum to invest. Solana is one of the altcoins that have long-term potential
growth.
4. Polygon (MATIC)
When Bitcoin price reaches
$30,000-$40,000. Top altcoins will follow Bitcoin’s uptrend. You can buy
Solana, Polygon, or any altcoins you like.
5. Chainlink (LINK)
Chainlink also has long-term potential
because it is the infrastructure of the crypto economy.
6. Avalanche (AVAX)
Avalanche is a mid-cap cryptocurrency. During
the bull market the price of mid-cap cryptocurrencies will outperform large-cap
cryptocurrencies like Bitcoin and Ethereum.
7. Arweave (AR)
Small-cap cryptocurrencies can give you
returns that are several times your original investment.
8. TraderJoe (JOE)
If you buy Arweave or TraderJoe first
you can do it, it’s not wrong. But during the bear market the price of
small-cap cryptocurrencies tends to drop more than Bitcoin and Ethereum.
Investing in crypto by arrange in order
from the biggest market cap to the smallest market cap cryptocurrencies will
protect your portfolio during the bear market and it will be generating a lot
of profits to your portfolio during the bull market.
