The bears took hold of the crypto market over the weekend as premier digital asset Bitcoin lost 22% while dropping to a low price peg of $41,967.5. This saw massive sell-offs in the crypto market, with over $1 billion drawing off the market. Despite this, savvy investors are already looking for the top altcoins to buy during this bearish winter.
If you are one of those, these altcoins should make a key ingredient of your investment portfolio.
1. Decentraland (MANA)
Decentraland has been the darling crypto star of the newly founded metaverse, and the asset climbed to new record highs following Facebook’s foray into the crypto scene.
The Ethereum-based protocol shot up to an all-time high (ATH) of $5.85 in the tail-end of November while pointing investor attention to the metaverse.
Record sales and partnerships saw governance token MANA retain a strong bullish disposition despite a stall in its price and a hard-to-beat resistance price level of $5.50.
However, the bulls could not keep propping up the utility token, and MANA came crashing to a low price peg of $3.59 on Sunday after seeing a strong bearish wave enveloping the market.
Despite this, MANA is one of the promising altcoins to buy for a bargain, given the growing penetration of non-fungible tokens (NFTs) and the metaverse discourse.
The project’s potential for the big stage was emphasised following the purchase of a virtual parcel of land by Tokens.com’s affiliated company Metaverse Group for a record amount of 618,000 MANA tokens worth $2.43 million.
Decentraland, looking to further the concept of 3D modelling in the blockchain era, also recently teamed up with 3D modelling platform Blender to launch the famous Blender Development Fund.
This project will see the crypto-native protocol join the ranks of Google, Apple, Facebook, and several others. Decentraland is catching the current bullish tailwinds at press time and is up 17.57% and trading at $3.9472.
2. The Sandbox (SAND)
The Sandbox is a close competitor to Decentraland and is another altcoin to buy for a low price now. Resident on the Ethereum network, The Sandbox is a voxel-rich metaverse project that enables content creators and businesses to create, share, and monetise in-game assets and experiences for free.
The Sandbox has picked up investors’ interest, given that the crypto protocol aims to revolutionise the gaming industry and foster a more player-driven economy than ever before.
The Sandbox has surfed on the wave of legacy-based institutions coming into the metaverse ecosystem as the ERC-20 token surged to a record high of $8.40 on November 25.
Price surges have since stalled as utility token SAND dipped 34% since then, but the digital asset’s strong recovery shows a promising project in the making.
As the crypto market welcomes back the bulls, SAND is also changing fortunes. At press time, SAND is trading at $5.5689, up 12.08% in the last 24 hours.
Fundamentals have also played to the token’s recent success. The Sandbox recently announced a Game Maker Fund initiative to support game designers. This project will see all successful candidates getting their games on The Sandbox metaverse for free.
3. Cardano (ADA)
The Cardano blockchain holds so much promise for the future, making the Ethereum rival one of the top altcoins buy as the crypto market sees a general downtrend.
The peer-reviewed blockchain has been hailed for its attention to detail. The PoS protocol is already becoming a popular figure in the ongoing decentralised finance (DeFi) tussle between the foremost smart contract platform Ethereum and several others.
However, Cardano’s value has not fared well in the past three months, with utility token ADA seeing strong resistance at the $2.5 price target.
This was further aggravated when ADA slumped to $1.3393 on Sunday. The digital asset is already picking up the pieces and today’s price gain of 10.43% sees ADA trading at $1.449.
Cardano controls 2.02% of the global crypto market, seeing ADA occupy the 6th spot on the crypto rankings.
Fundamental-wise, the Cardano network has targeted real-world challenges with its foray into digital identity. This move has largely boosted the protocol’s chances for future success, with over 1 million ADA holders staking their coins to earn rewards, per data from pool.pm.
4. Polygon (MATIC)
Polygon has been a standout star in the past few months and a top altcoin to buy for long term potential. Focused on enabling smoother and less costly transactions on the Ethereum network, Polygon has become a perfect destination for individuals and developers looking to tap into the foremost smart contract network.
Despite its lofty ideals, Polygon has not been immune to the crypto market turmoil as utility token MATIC saw a sharp retracement to $2.0326 from $2.18 over the weekend.
Remaining upbeat, MATIC has since found its bullish feet and is up 32.17% in the last day while trading at $2.474. The protocol’s long-term potential is captured with the year-to-date (YTD) increase of 14,001.25%.
MATIC’s impressive daily rally is all thanks to a slew of major integrations across the crypto ecosystem. In a recent blog post, the multi-chain solution announced a partnership with WanChain to launch a layer-2 to layer-2 cross-chain bridge that will connect fellow scaling solution Arbitrum to the Polygon POS.
5. Avalanche (AVAX)
The Avalanche blockchain has just broken into the crypto spotlight, but the Ethereum rival is one of the top altcoins to buy in this bearish climate. Self-billed the fastest blockchain protocol, Avalanche enables the smooth transfer of value across its blockchain while enabling the development of decentralised applications (dApps).
Investors have kept faith in the protocol despite hitting a weekend low of $84.28 from its ATH of $144.96. The Avalanche blockchain protocol is currently picking up steam and is trading at $93.97, up 8.45% in the last 24 hours.
The Ethereum rival has also kept in beat with other protocols in terms of fundamentals and recently integrated with dApp trading platform Dexalot.
Read more:
824350 991844This internet internet site is my intake , real great layout and perfect subject material . 307284
559023 813284Good post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a bit something from their store. Id prefer to use some with the content material on my blog whether you dont mind. Natually Ill give you a link on your web weblog. Thanks for sharing. 281800
711331 453119Come across back yard garden unusual periods of ones Are normally Weight reduction and every 1 one may possibly be crucial. 1 way state could possibly be substantial squandering via the diet. lose weight 217969
637491 853271Hi there, i just thought i would publish and now let you know your internet sites style is really smudged within the K-Melon browser. Anyhow maintain inside the quite excellent function. 429919
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!
161939 217244appreciate the effort you put into obtaining us this data. Was searching on google and discovered your post randomly. 899771
There are definitely a whole lot of particulars like that to take into consideration. That is a nice level to bring up. I offer the thoughts above as general inspiration however clearly there are questions like the one you deliver up where crucial factor will likely be working in sincere good faith. I don?t know if finest practices have emerged around issues like that, however I am sure that your job is clearly identified as a good game. Each girls and boys really feel the influence of only a moment’s pleasure, for the rest of their lives.
Hi there just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.
Outstanding post, you have pointed out some great points, I also think this s a very fantastic website.
An impressive share, I just given this onto a colleague who was doing a little bit analysis on this. And he in actual fact bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to discuss this, I feel strongly about it and love studying more on this topic. If attainable, as you turn out to be expertise, would you thoughts updating your weblog with extra particulars? It’s extremely useful for me. Massive thumb up for this weblog put up!
With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My blog has a lot of completely unique content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the internet without my agreement. Do you know any methods to help reduce content from being stolen? I’d truly appreciate it.
Sweet site, super style and design, real clean and apply genial.
428378 569807Quite nice style and style and amazing topic matter, very little else we want : D. 274246