‘Altcoin’ is loosely defined as any cryptocurrency that is not Bitcoin (BTC). BTC was the first token in the cryptocurrency market, but now altcoins are usually the highest gainers out of any investment, substantially outperforming BTC in terms of price action.
Here are the 7 best altcoins to buy during the current crypto bear market (if you want to make major returns):
- Metacade (MCADE)
- Solana (SOL)
- The Sandbox (SAND)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Avalanche (AVAX)
- Enjin (ENJ)
1. Metacade (MCADE)
Metacade (MCADE) is the best altcoin to buy during the bearish cryptocurrency market. The platform offers a wide range of different Play2Earn games that each have integrated financial rewards for players, as well as supporting competitive gameplay through ranked tournaments.
The project could become a central hub for the Web3 community, offering compelling additional methods for earning a crypto income to its users. The Create2Earn mechanic will reward users for contributing to the Metacade platform, whether by posting game reviews, sharing alpha, interacting with other users, or any other form of useful content creation.
Metacade also hopes to drive progress for the entire GameFi movement. It will create jobs for the crypto community through its Work2Earn mechanic and also provide early-stage funding to brand-new blockchain innovators through its novel Metagrants program.
Why buy MCADE?
The MCADE token is one of the newest altcoins in the cryptocurrency market and offers a rare opportunity to make huge returns. Since the project is in its early stages and is extremely strong on a fundamental level, MCADE could produce gains in excess of 100x over the coming years.
For now, MCADE is still in its presale. Investors can get involved at the current low price, with many expecting significant returns in 2023 and beyond. For this reason, MCADE is the best altcoin to buy right now.
>>> You can participate in the Metacade presale here <<<
2. Solana (SOL)
Solana (SOL) is one of the best altcoins to buy in the current cryptocurrency market. It is a high-performance blockchain that aims to make decentralized applications fast, secure and scalable. The network offers broader utility than BTC and uses a combination of proof-of-stake and proof-of-history to deliver transaction finality in milliseconds with near-0 fees.
The blockchain was founded as a solution to the blockchain scalability problem. Due to the nature of distributed computer networks, blockchains can suffer from latency and costly transactions. Solana’s unique combination of consensus mechanisms has allowed the network to solve this problem.
Unlike BTC, Solana supports an ecosystem of decentralized applications (dApps) that are built using a special developer toolkit. While many layer-1 blockchains use the Solidity programming language, applications built on Solana use Rust, which enables more complex applications to be developed on its blockchain.
Why buy SOL?
Solana is the second best altcoin to buy in the cryptocurrency market now because the token is currently underpriced. SOL suffered from a 75% price reduction after the FTX bankruptcy, as FTX and Alameda Research were key backers of the Solana ecosystem. However, Solana is a separate entity and is expected to grow substantially from the current price level.
The cryptocurrency market suffered from a major dip after the FTX saga, with SOL now priced at just $13. SOL should reclaim its previous all-time high (ATH) of $260, which makes it one of the best altcoins to buy.
3. The Sandbox (SAND)
The Sandbox (SAND) is number three on the list of best altcoins to buy. It is a leading blockchain gaming platform and virtual world. The platform offers users the ability to take ownership of digital assets and create their own experiences, including 3D virtual worlds, art galleries, gaming experiences, marketplaces, and more.
The SAND token enables digital asset transactions and is used as a medium of exchange when users trade items peer-to-peer. By prioritizing user-generated content (UGC) at the foundation of the game, The Sandbox has created a constantly expanding virtual metaverse that is entirely driven by its community.
The Sandbox supports total self-ownership, with free market forces allowing users to benefit from their creations. The platform offers a toolkit that allows anyone to create virtual gaming assets and entire gaming experiences, as well as to monetize their creations without constraint.
Why buy SAND?
The Sandbox could drive progress in metaverse development through its unique game model. The platform has been compared with Minecraft – the highest-selling PC game of all time – which reflects the high long-term potential of the project.
By combining UGC elements from traditional gaming with play-to-earn mechanics, The Sandbox is expected to be a key player in the GameFi revolution for the entire cryptocurrency market. For this reason, it is one of the best altcoins to buy now.
4. Ethereum (ETH)
Ethereum (ETH) is the fourth best altcoin to buy in the cryptocurrency market. It is an open-source decentralized computing platform and the first blockchain where developers could create decentralized applications (dApps) – which is a key difference between ETH and BTC.
Ethereum is currently the second largest cryptocurrency by market capitalization after Bitcoin (BTC) and is often referred to as “BTC 2.0”. The original Ethereum blockchain used the same consensus mechanism as BTC’s proof-of-work. However, Ethereum has now transitioned to a proof-of-stake protocol after ‘The Merge’ was completed in September 2022.
Unlike the original PoW protocol that BTC uses, Ethereum can now process transactions at a much cheaper cost – whether that cost is measured in environmental, economic, or transactional terms. Another advantage that ETH has over BTC is that Ethereum can support an ever-increasing number of use cases for blockchain technology due to the network’s smart contract compatibility.
Why buy ETH?
Ethereum is already the largest Web3 ecosystem, supporting over 2000 independent dApps and several major layer-2 blockchains. The ecosystem is expected to continue to grow, and the ETH price should benefit over time.
While the cryptocurrency market has suffered during 2022, ETH has held up relatively well. Along with BTC, ETH fell by approximately 75%, while many altcoins fell by over 90%. It is a leading cryptocurrency and one of the best altcoins to buy now.
5. Dogecoin (DOGE)
Dogecoin (DOGE) is the fifth best altcoin to buy in the current cryptocurrency market. It is a meme coin that has been growing increasingly popular since its creation in 2013. It began as a joke and was forked from the original BTC blockchain, but it has since become a viable method of sending value across the world.
Like BTC, Dogecoin is decentralized, meaning it is not controlled by any government or central banking institution. Instead, Dogecoin transactions happen directly between two parties without an intermediary – in other words, transactions are entirely peer-to-peer.
DOGE is an accepted form of payment for goods and services both on the internet and beyond, which has led to an increasing level of adoption for the token. The project incorporates a fun user experience and emphasizes community involvement in the cryptocurrency market through marketing campaigns and content creator tips.
Why buy DOGE?
The DOGE token has grown to become a leading cryptocurrency and cult favorite within the world of Web3. It is particularly favorable for new investors, as the token provides an accessible entry point to blockchain technology. This could serve DOGE well during the next crypto bull market, which makes it one of the best altcoins to buy during a bearish cryptocurrency market.
6. Avalanche (AVAX)
Avalanche (AVAX) is the sixth-best altcoin to buy now. It is a highly efficient and secure blockchain with many use cases. It was specially designed to scale, allowing users to issue their own digital assets, transfer and trade value, and move tokens around the Avalanche networks quickly, reliably and securely.
AVAX is powered by the unique Avalanche consensus protocol which facilitates thousands of transactions per second. The Avalanche network can process transactions several orders of magnitude faster than other platforms, such as BTC and ETH, and can do so at a low cost to users.
AVAX is Turing complete, which means that, unlike BTC, it can support the development of dApps. This has led to an increasing number of blockchain use cases and a wide variety of DeFi services on the Avalanche network.
Why buy AVAX?
The ecosystem is home to many useful dApps, and its high level of scalability means that it is well-positioned to support an increasing number of users over time. The AVAX token is currently valued at $12.41, which gives it significant upside potential from its current level during the bearish cryptocurrency market.
7. Enjin (ENJ)
Enjin (ENJ) – a blockchain-based game development platform – is also one of the best altcoins to buy now. Through Enjin, game developers can utilize Enjin’s suite of powerful technology tools, which enable the easy creation of digital assets that can be used in blockchain-based games.
Enjin provides an easy way for developers to integrate in-game purchases. The network has a unique solution that can improve the user experience in blockchain-based games, as ENJ tokens are locked within smart contracts when new digital assets are minted using Enjin.
The way in which Enjin locks liquidity in NFTs allows for instant and feeless transactions. This is important in blockchain-based games, as NFT trading plays an important role – whether through unique items that can be collected during gameplay, or through generating fungible token rewards for players.
Why buy ENJ?
ENJ can serve an increasingly important role in the GameFi ecosystem over time, which gives it significant upside potential from its current price level. It is one of the best altcoins to buy now, and it should make new ATHs in more favorable conditions for the wider cryptocurrency market.
Metacade is the best altcoin to buy during this cryptocurrency market
While BTC continues to lead the way in the cryptocurrency market, altcoins typically produce higher returns for investors. This is due to the law of diminishing returns – which is a key reason why MCADE is the best altcoin to buy in the cryptocurrency market.
Metacade is the newest and most promising altcoin on this list. The MCADE presale only recently began, and it has already attracted over $4.5m worth of funding from the crypto community. Investors looking to make major gains should look no further than MCADE, as the project could become a leading name in GameFi over the coming years.
You can participate in the Metacade presale here.
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