The Cryptocurrency market has sold off $150 million since the beginning of the week. Capitulation around the market has been rife and the narrative appears to be similar to the fall of Terra Luna earlier in the year. FTX, arguably the second most active centralised exchange has all but collapsed, losing 75% of its token value in one day of trading.
The market is suffering from a lack of confidence and that is due to the collapse of another multi-billion dollar infrastructure. A second devastating collapse in a year has driven investor confidence into the ground and it could be a while before confidence returns. If multi-billion dollar institutions can collapse overnight then real institutional investment and adoption will be hesitant to get involved.
But if you are looking to stay in the market, let’s have a look at which coins offer the best security.
Ethereum, too big to fall?
While the notorious ‘king altcoin’ has certainly outperformed most of the market during this crash, nothing is too big to fall in the land of crypto. What Ethereum has going in its favour is that it is not involved in any of the shenanigans that have primarily caused this crash.
For this reason, Ethereum is sure to ‘survive’ this bear market capitulation. Having been around the block since 2015, ETH survived last cycle’s bear market, despite experiencing a 95% reduction in value.
It is likely, however, that Ethereum’s price will continue to decline over the coming days and weeks, and these will present the most opportune moments to get involved with the project. Furthermore, despite Ethereum’s decline in price, it will hold more of its value, proportionally, than many altcoins even inside the top 50 due to its vastly superior market capitalisation.
BNB set for its highest-ever weekly close against BTC
Despite the proverbial hitting the fan, BNB has held up incredibly well. Forcing its own mini-bull run over recent weeks, BNB set a new all-time high against Bitcoin a few weeks ago and has continued to rise against the number 1 crypto.
BNB has shown such strength even in the last couple of days’ sell-offs and this is due to the fact it could potentially be taking over the second-largest CEX, FTX. If this were to happen, then the case for a bullish BNB would be very hard to deny, particularly when the wider market begins to see signs of strength and confidence.
Both of these are cycle-proven projects with fundamentals strong enough to withstand the recent crypto earthquake. But what other strategies are there to invest successfully in bear markets?
Big Eyes Coin presale, investing in the future
A strategy to manoeuvre yourself out of a turbulent crypto market is to buy presale tokens. The Big Eyes token value can only increase while it is still in presale, meaning that your investment is guaranteed to be the same or greater value when the token launches.
Once the token has launched it is of course up to the investor whether they would like to sell immediately or continue to hold. But this presale offers a guarantee that your investment will be stable or increase.
Is the Big Eyes project on its way to a rocket ship? Will the coin moon next bull run as the developers are expecting? The project is looking to be the first mover in an as-of-yet-undiscovered market, the cat meme coin market and because this is a fully unsaturated market, there is real potential for the coin to thrive.
Check the button below if you’re interested in the Big Eyes presale to do your own research on the project!
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