Bitcoin and the broader crypto market have been in a downtrend since their all time highs set in November 2021, alongside the stock market also being bearish in 2022. Many investors would argue this presents a profitable opportunity to buy and hold some solid cryptocurrencies at bargain prices, for the long term – buy low, sell high as the trading mantra goes.
In this market insight, we explore the 10 best crypto to buy during the crash for maximum upside potential.
A Closer Look at the Best Cryptos to Buy on the Dip
With thousands of projects now active in this market, attempting to find the best crypto to buy during this dip can be challenging.
Perhaps the most effective way to approach the current bear market is to create a diversified portfolio of solid projects, old and new, that stand the best chance possible of staying relevant once the industry recovers.
Below, we take a close look at the 10 best crypto to buy during the crash.
1. Battle Infinity – Overall Best Crypto to Buy During This Dip
Overall, we would argue that the best crypto to buy during the crash is Battle Infinity. This project is currently going through its presale launch, which means that investors can enter the market at a highly favorable price. Before we get to that – let us elaborate on what the project offers.
In a nutshell, Battle Infinity is a play-to-earn crypto game that specializes in fantasy draft picks across a wide variety of sports. Whether that’s cricket, football, basketball, or baseball – users will look to create a fantasy team of their favorite players.
And, the performance of the respective players in real-world games will determine how much the Battle Infinity user will generate in crypto rewards. What we really like about this project is that it is combining its play-to-earn game with the metaverse.
This means that each and every component of the game can be replicated in the virtual world. Moreover, the Battlefield Infinity ecosystem will replicate in-game assets with NFTs. Therefore, any items that players win will be owned by the user and fully verifiable on the blockchain.
In addition to this, the team at Battle Infinity is also building a decentralized exchange. This will give users the ability to trade NFTs and even buy and sell the platform’s native digital currency – IBAT.
IBAT is the token that fuels the Battle Infinity ecosystem and thus – acts as a reward for its fantasy sports game. In other words, by engaging with the Battle Infinity gaming framework, users can win real-world rewards in the form of IBAT.
The good news for prospective investors is, as noted, IBAT is currently in its presale campaign. This allows investors to buy IBAT tokens at the best price possible, not least because the public sale will come with a higher cost price.
Towards the end of this page, we offer a step-by-step guide on how to buy IBAT via the presale launch. More information about the project can be found on the Battle Infinity website.
Interested investors can also engage with the IBAT community via the Battle Infinity Telegram group.
2. Lucky Block – Top Global Crypto Gaming Platform
Next up on our list of the best crypto to buy during the crash is Lucky Block. This crypto project is still somewhat new to this industry, not least because its LBLOCK token was launched as recently as January 2022.
In a nutshell, Lucky Block is a global crypto gaming platform that specializes in prize draws. The main draw takes place every Friday and gives ticket holders the chance to win prizes. The main prize draw offers a payout of up to $50,000 and the winnings are distributed in LBLOCK tokens.
In order to participate in the Lucky Block draw, users will need to buy a ticket – which costs just $1. The minimum purchase is five tickets. Those holding at least $500 worth of LBLOCK tokens can claim one free ticket to the draw.
Moreover, Lucky Block is also home to its very own NFT collection – of which just 10,000 are in circulation. By holding a Lucky Block NFT, this offers the owner lifetime access to the prize draw at no extra charge. In terms of its token, LBLOCK is one of the best-performing cryptocurrencies of 2022.
When the token first launched in January 2022, presale prices amounted to just $0.00015. According to data extracted from CoinMarketCap, LBLOCK has since surpassed a value of $0.09. This translates into gains of up to 5,900%.
However, much like the rest of the crypto market, the value of LBLOCK has since retreated. In fact, as of writing, it is possible to obtain this top-rated token at under $0.001. As such, in terms of upside potential, Lucky Block is one of the best crypto to buy during this dip.
3. DeFi Coin – Up-and-Coming Decentralized Exchange to Capitalize on DeFi
Those that believe in the future of decentralized finance (DeFi) might find that DeFi Coin is the best crypto to buy during the crash for this purpose. This project is building a user-friendly yet highly intuitive and secure decentralized exchange (DEX).
DeFi Swap, as the exchange is branded, will allow users from all over the world to buy, sell, and trade digital currencies without needing to use a centralized third party. Users simply need to connect their wallet to the DeFi Swap platform and they can instantly trade tokens.
Unlike centralized exchanges, the DeFi Swap DEX does not require any personal information from traders. It does not ask for sensitive financial details or any KYC documents. As such, DeFi Swap users can buy and sell tokens in an anonymous manner.
In addition to its token exchange facility, DeFi Swap offers a full suite of other decentralized finance products. For instance, DeFi Swap supports a fully-fledged staking facility that enables long-term investors to generate a yield on their tokens.
Moreover, DeFi Swap also allows users to engage in yield farming. This process allows users to lend tokens to the DeFi Swap liquidity pool. This, in turn, facilitates decentralized token swaps on the platform. Those engaging in yield farming at DeFi Swap will earn a share of any trading commissions collected from buyers and sellers.
More decentralized products and services are being lined up by DeFi Swap in conjunction with the development of its exchange. Nonetheless, in order to capitalize on the growth of this innovative project, users can buy its native token – DeFi Coin. In doing so, based on the broader bear market, users can invest in DeFi Coin at a highly favorable entry price.
4. Bitcoin – De-Facto Crypto and Top Store of Value
Bitcoin is the world’s largest crypto project by market capitalization and without a doubt the most recognized – even by those that have never previously invested in digital assets. Those looking for the best crypto to buy on the dip should consider Bitcoin for long-term value.
In fact, based on the current bear market, investors can build a position in Bitcoin at a huge discount when compared to its previous highs. This occurred in November 2021, whereby Bitcoin surpassed a value of $68,000. Since then, Bitcoin has dropped to 2022 lows of sub-$20,000.
As such, by investing in Bitcoin at these pricing levels, this represents a discount of over 70%. If and when Bitcoin regains its previous heights of $68,000, this would translate into an upside target of 240%.
Strong Bitcoin proponents will argue that the medium-to-long term target of Bitcoin is the $100,000 level, so this offers an even more attractive upside potential. Best of all, investors on a budget are not required to purchase a full Bitcoin token.
Instead, Bitcoin can be split into small fractional units, which means that beginners can get started with just a few dollars. Another benefit of buying Bitcoin is that users can deposit their tokens into a crypto savings account to generate a passive income. This can come in handy while the wider crypto markets are bearish.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
5. Ethereum – Market Leader in Smart Contracts
Another option to consider from our list of the best crypto to buy during the crash is Ethereum. This digital currency sits just behind Bitcoin in the market capitalization rankings, albeit, just like the rest of this industry, its value has taken a major hit in 2022.
For instance, towards the end of 2021, Ethereum hit an all-time high of nearly $5,000. Since then, Ethereum has hit lows of $900. This means that in less than three trading quarters, the value of Ethereum has declined by more than 80%.
However, once again, we would argue that this offers a superb opportunity to purchase a solid cryptocurrency at a hugely discounted price. After all, should Ethereum eventually get back to the $5,000 level, based on current prices, this would require an upside of over 450%.
Therefore, in terms of price targets, Ethereum is potentially a much better investment prospect than Bitcoin. In terms of the fundamentals, Ethereum is a dominant market leader in the…