Top 3 Bear Market Proof Altcoins Can Survive Through This Crypto Winter
The entire cryptocurrency market is deep in the red with many altcoins down more than 50% from their all-time highs.
But in the latest video, Joe Parys, an entrepreneur in cryptocurrency, has shared the top 3 bear market proof altcoins that can survive this crypto winter, and the best part is, anyone can buy these altcoins on the open market at their bottom.
The first altcoin on the list is HEX (HEX). HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi ecosystem in cryptocurrencies within the Ethereum network.
HEX uses the Ethereum network for the transaction layer, whilst the consensus code and staking mechanism are contained in the HEX smart contract.
The reason why this project can go in the long term is because of this secret game theory aspect, and because HEX has T-Shares. T-Shares are what you receive if you stake your HEX and the more T-Shirts you own the more daily interest you’ll get.
The price of one T-Shares has steadily increased over time. In fact, T-hares are designed to only increase in value over time and this is because when somebody ends a steak, more T-Shares are burned and if they want to re-stake their HEX, they will have to stake for a longer period of time or receive fewer T-Shares.
This game theory is really something special and a lot of experts miss out on it. They don’t really understand, some even believe that at some point, HEX is just going to crash like a house of cards and everyone’s going to sell.
But in reality, we very rarely ever see something like this happen, especially with HEX. If everyone were to sell and the price will go very low, there’s a lot of people setting buy orders down at these lower prices, because they ultimately want to accumulate more of this crypto. So that they can stake it and earn interest and play this game over and over again.
A lot of people do not recognize this opportunity. This is why this crypto is bear market proof in the long run and is our first cryptocurrency to mention.
Crypto.com Coin (CRO)
The second bear market proof altcoin is Crypto.com Coin (CRO). The most extensive number of supported tokens and coins are more than 40 cryptocurrencies and stablecoins available.
Crypto.com is giving away $25 for new users. Crypto.com is now Cronos (CRO), rebranding is going to reflect the decentralization of the coin and tremendous growth of the Cronos ecosystem.
They host major events like lakers games, kings games, clippers games, and so many other things. Crypto.com and the Cronos token are gonna be tough to beat in the long run and that’s not all about this cryptocurrency coin.
Users can buy, sell, and trade crypto. They have an incredibly sleek app, their metal visa debit cards can earn up to 8% back on all spending. They can even earn up to 14.5% in passive income rewards with cryptocurrency coins just by staking and lending them using Crypto.com earn platform. This is why the Crypto.com token now known as the Cronos token is your number two altcoin that is bear market proof.
The third cryptocurrency coin is going to be a variety of different cryptocurrency coins, so we’re going to lump this into a category called launchpads.
VelasPad is designed with a singular purpose in mind — to help fund and support the development of the next generation of blockchain projects.
They have a variety of different cryptocurrency coins that have been incubated and launched by this project. any of them have done very well for their investors, even when the market is down, many of those investors are still wildly profitable.
You can scoop up these coins at the bottom and put them to work with the staking tiers, and then get into pre-sales. This is where you can really multiply your money over a hundred times.
Ferrum Network (FRM)
Ferrum Cross-Chain Incubation is a stress-free process with a 36 hour contribution period, non-obligatory staking requirements, and low transaction costs.
They have incubated many of these other launchpad coins and some of these have done very well for those who have gotten in. This could be a hidden gem that you might want to take a look at.
Polkastarter is the leading platform for crypto IDOs. Highly-vetted ideas and teams you can trust. Supported by industry-leading creators and funds.
Polkastarter is innovating and they’re not doing just Polkadot (DOT) projects. They’re doing Ethereum (ETH) finance, Solana (SOL), Polygon (MATIC), Kusama (KSM), Avalanche (AVAX), and even Celo. There are still many upcoming projects coming and this is why it is so important to keep coming back and studying and learning about these projects.
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