Amidst the bear market, crypto investors are keenly monitoring the market and scouting for the best assets to acquire and hold. This is because, within this period, the price values have declined — presenting a massive opportunity for investors to earn more and anticipate the next boom.
Investors will likely need clarification as there are more than enough options, so we have identified some viable crypto assets for HODL ahead of the (anticipated) bull run.
The cryptocurrency with the largest market capitalization, Bitcoin (BTC), is top of the list. Every investor should have Bitcoin in their portfolio ahead of the bull run because it is the driving force for all other assets in the crypto market.
Over time, BTC signifies the bull run ahead of other crypto tokens. Once the Bitcoin price surges, you can rest assured that additional crypto assets will soar.
Furthermore, it is the safest option if you're looking for altcoins with minimal risk. This is because it has proven over time that it will rise, no matter how long the storm might take.
ETH is the second-largest crypto asset and one of the most traded tokens. It has a close correlation with Bitcoin and would surge alongside BTC.
This leading altcoin outperformed Bitcoin year-over-year by bringing Decentralized finance (DeFi) and Non-fungible tokens (NFT) on board.
Interestingly, the Ethereum network has numerous other use cases besides Ether, making it a toast. The use cases include the smart contract, its virtual machine, Decentralized Apps, and Decentralized Autonomous Organisations (DAO).
Litecoin comes third on our list because of its similar mechanism to Bitcoin. Investors eyeing Bitcoin but want to settle for a cheaper alternative would likely buy HODL Litecoin.
Similarly, Litecoin halving is scheduled to take place in August 2023.
Bitcoin has shown that halving ushers in a highly bullish market. Therefore, if you buy and hold Litecoin before August, you will make more than enough profit after Litecoin halves.
Experts predict that the halving could see the surge in Litecoin's price value increase to about $120.
The foremost reason we have Dogecoin on this list is Elon Musk's affinity for the meme coin.
The billionaire CEO of Tesla, SpaceX and Twitter has proven his worth and knows how to exponentially increase an entity's value. Therefore, his affinity with Dogecoin signifies that he could influence the surge in DOGE's price value.
While many investors might not look towards Binance's native cryptocurrency, BNB is a good asset in every portfolio.
It has been one of the most consistent performers in the market, having surged very high in the last bull market. As a result, BNB's price value went from two digits to about $700 within the period.
This run in the last bull market shows that the next bull market will positively affect BNB's price value. Significantly, experts forecast that BNB will reach and surpass $1,000 in the next bull run.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.