The bear market has placed many of the best crypto projects on sale, creating a tantalizing marketplace for savvy investors to buy in. Since markets cycle between negative and positive trends, the bear market will not last forever, which means that the best crypto projects are likely to produce astonishing returns by exploiting current price levels.
Unfortunately, with so many great prices on show during the bear market, it can be difficult to know where to invest. So, here is the list of the 6 best crypto projects to buy during the current bear market:
- Metacade (MCADE)
- Polygon (MATIC)
- Enjin (ENJ)
- Polkadot (DOT)
- Axie Infinity (AXS)
- Shiba Inu (SHIB)
1. Metacade (MCADE)
Metacade has the potential to be one of the best crypto projects to buy during the bear market. It will become the biggest arcade that can be found anywhere on the blockchain, offering the widest selection of play-to-earn games out of any comparable project. While most GameFi platforms offer just one gaming experience, Metacade looks to offer a huge range.
In addition, Metacade is taking crypto-earning potential beyond the metaverse arcade and directly to its buzzing community hub. Content creators will be able to earn MCADE tokens while sharing valuable insights on the platform, including posting game reviews, sharing alpha, and interacting with other users directly.
To help drive progress in Web3, Metacade is connecting crypto enthusiasts to job opportunities at some of their partner projects, too. These opportunities include part-time and full-time positions and will provide the perfect chance to kickstart a career in blockchain technology.
The Metagrants program is another method designed by the Metacade team to drive GameFi progress in the long term. It will allow users to vote for the best new gaming proposals from developers before a Metagrant (financial support) is provided to support the building of new games on the Metacade platform.
Why buy MCADE?
The MCADE token presale has successfully raised $9.5m in just 15 weeks, and the project is now gearing up for major gains in the coming years. Early adopters could see over 100x returns, which makes Metacade potentially one of the best crypto projects to buy during the bear market.
After launching at just $0.008 per token, the price of MCADE is now valued at $0.017. The value is rising fast, with the opening rounds of the presale selling out completely in a short space of time. This gives MCADE its major potential for growth and makes it one of the best crypto projects around right now.
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2. Polygon (MATIC)
Polygon is one of the best crypto projects to buy during the bear market. It’s a leading scaling solution for the Ethereum network that combines optimal security, performance, and the ability to support a high number of users. Polygon has quickly become one of the most popular platforms for building blockchain applications due to these characteristics.
Polygon’s unique infrastructure reduces both transaction times and fees, making it an efficient platform for developers to create and deploy some of the best crypto projects on Ethereum. The network enables users to explore a wide range of blockchain use cases and benefit from a fast-growing market by creating unparalleled opportunities for developers.
Polygon supports developers with a suite of tools that make it easy to deploy applications on the network. Since Polygon is compatible with Ethereum Virtual Machine (EVM), dApps can be ported onto the network with minimal changes from several leading blockchains including Avalanche, Binance Smart Chain, and Ethereum mainnet.
Why buy MATIC?
Polygon’s scalability and flexibility recently earned it the title of fastest-growing Ethereum layer-2 project, enabling developers to make more efficient use of resources with smart contracts. Transactions on Polygon are low latency, low cost, and entirely secure, making it an ideal choice for blockchain games among many other kinds of applications.
The MATIC token reached its all-time high during the 2021 bull market and has since lost over 70% of its value. The token held up relatively well during the 2022 market crash, which is a strong sign of positive price action in the future. This makes MATIC one of the best crypto projects to invest in during the bear market.
3. Enjin (ENJ)
Enjin (ENJ) is also one of the best crypto projects to buy during the bear market. It is a blockchain-based development platform that enables developers to create gaming assets, deploy them on custom exchanges, and manage their value without requiring the user to understand the underlying technology.
Enjin allows developers to easily create and integrate their own cryptocurrency tokens into games, websites, and applications using its open-source EnjinCoin platform. Enjin also serves as an independent store for virtual items created in EnjinCoin-integrated games, allowing players to control and protect their digital assets from fraudulent activities.
Enjin provides enhanced features and allows developers to lock ENJ tokens into digital assets that are minted on the platform. This enables instant, near-feeless blockchain transactions in custom blockchain games, which is an extremely valuable service for the future of the GameFi sector.
Why buy ENJ?
As GameFi continues to progress through the traditional gaming industry and deliver integrated financial prizes for online titles, Enjin could serve a unique purpose to help move the industry forward. Enjin Network equalizes access to blockchain game development and could encourage more new games to be released using decentralized ledger technology.
For now, ENJ is worth just $0.46 per token. This value looks ready to rise over the coming years, as Enjin Network supports an increasing number of developers, games, and users. The platform is highly scalable, allowing it to support many users without losing performance. This makes ENJ one of the best crypto projects to buy during the bear market.
4. Polkadot (DOT)
Polkadot (DOT) is a revolutionary multi-chain blockchain platform, designed to support interoperability in the Web3 ecosystem. Polkadot allows developers to purchase parachains to facilitate custom blockchain transactions. All parachains are highly secure and scalable, and are compatible with a variety of layer-1 blockchains.
Polkadot also features cross-chain trust and consensus, allowing users to bridge digital assets across independent blockchain networks without having to rely on centralized authorities or gateways.
Additionally, Polkadot’s environmentally friendly proof-of-stake (PoS) consensus model greatly reduces the electricity and computational power needed for transactions compared to traditional proof-of-work systems.
Why buy DOT?
Polkadot is one of the best crypto projects due to its unique functionality that supports its mission of connecting private and public chains, oracles, and other technologies for enhanced scalability and efficiency across networks.
The DOT token is currently valued at $6.50 – down from its all-time high of $55. The token could produce major returns from this price level, making it one of the best crypto projects to invest in during the bear market.
5. Axie Infinity (AXS)
Axie Infinity (AXS) is another one of the best crypto projects to invest in during the bear market. It is a decentralized network where users can acquire, raise and battle Axies – magical creatures that live in this universe. All Axies are minted as non-fungible tokens (NFTs), which gives them innate financial value and tradeability on the platform’s integrated marketplace.
Axie Infinity is a game that was originally built on the Ethereum blockchain that has been constantly evolving over time, and it now provides the Axie Infinity Battle League where users can test their Axies’ combat abilities against each other. These PvP battles provide lucrative cryptocurrency prizes for players, who can gain more than just bragging rights for their victories.
Axie Infinity is now based on a layer-2 sidechain of Ethereum called Ronin. The whole ecosystem of Axie Infinity creates a unique experience that allows users to engage with and profit from their investments while enjoying innovative gaming content.
Why buy AXS?
Axie Infinity became one of the most widely-used applications on the blockchain towards the end of 2021. This is a testament to its unique gameplay and lucrative incentive structure. It has become an industry leader in the GameFi movement and proves the vast popularity of the play-to-earn mechanic.
The AXS token now looks ready to move back toward its previous all-time highs after falling considerably during the bear market. Investors at this price level could enjoy major gains from a well-established project, making it one of the best crypto projects to invest in during the bear market.
6. Shiba Inu (SHIB)
Shiba Inu (SHIB) is a decentralized cryptocurrency that powers the Shiba Inu blockchain. The blockchain was created as a fork of Ethereum, which makes it the most valuable Turing complete meme coin in Web3.
SHIB was initially created to rival Dogecoin (DOGE) as Web3’s biggest meme coin. While the token remains behind DOGE in terms of market capitalization, the network offers something completely different from its meme coin competitor – the ability to support dApp development.
SHIB has experienced explosive growth since its launch. This is partly due to a marketing stunt pulled by the development team, where 50% of the total SHIB supply was airdropped to Vitalik Buterin’s Ethereum wallet. Buterin famously burned 90% of these tokens – later valued at $6 billion.
Why buy SHIB?
Shiba Inu is gaining widespread acceptance due to its focus on providing real value for holders. The project’s robust infrastructure, developed by a team of seasoned experts and enthusiasts from around the world, has made Shiba Inu stand out from other meme coins.
Two key developments in the Shiba Inu ecosystem are Shibarium and Shibaverse. Shibarium is a layer-2 scaling solution that can bring faster transaction speeds and cheaper costs to the network, while Shibaverse is a virtual reality metaverse that offers unique services to SHIB holders.
The SHIB token could become the biggest meme coin in Web3, offering a fun and accessible entry point to blockchain technology. At the current price of $0.000012, it has massive upside potential and is one of the best crypto projects to buy during the bear market.
Metacade could be the best crypto project to invest in during the bear market
The MCADE token presale could be one of the best investment opportunities of the year. After launching at a low price, demand has remained absolutely sky-high, and Metacade’s unique value proposition as a center of community-driven entertainment gives it massive potential for future price action.
Investors do need to be quick to get involved in this 100x gem, as Metacade’s presale is first come first served. The price is rising every time a presale round sells out, so make sure to buy fast before the price explodes.
You can participate in the Metacade presale here.
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