3 Cryptocurrencies to Buy During a Stock Market Crash


The market downturns we have seen this year have not been good for cryptocurrencies. Accordingly, searching for the top cryptocurrencies to buy can be something that some investors put off. While they wait for the market to resume its upward trend.

Unfortunately, we’ve been in a bear market in the cryptocurrency world for essentially this entire year. It’s also been a while since many investors have seen green on their screens. For those who joined almost at the beginning of this year, it has been a rough ride.

However, as the saying goes, money is made when “buying low and selling high.” True conviction in a long-term bet requires buying when everyone else is selling. As it turns out, the market crash may just be the buying opportunity that long-term crypto investors have been waiting for.

Could these tokens fall further? Of course. But for those with a long enough time horizon to invest, here are three options that I think are at least worth looking at right now.

Bitcoin (BTC-USD)

gold bitcoin on 100 dollar bill

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Many experts believe that Bitcoin (BTC-USD) is one of the safest long-term cryptocurrencies to buy in the sector. Indeed, from a historical point of view, this thesis is true.

Bitcoin is the oldest and most famous cryptocurrency. With over a decade of rankings to look at with this top token, one thing has always been proven true. Every major decline in the past has been met with new all-time highs.

The question many investors have during this bear market is, “Is this time different?”

That’s a fair question. After all, the crypto sector hasn’t officially gone through a recession yet. Bitcoin was born out of the Great Recession. How this token will perform in what could be an impending recession remains to be seen.

The size and attractiveness of this token to institutional investors remains a key reason for long-term investors to hold this cryptocurrency. In addition, the number of exchange-traded funds (ETFs) that have been created to give investors access to Bitcoin gives this cryptocurrency access to institutional investors like no other.

For those bullish on the long-term thesis behind crypto, Bitcoin remains the best option, with both retail and institutional investors gravitating towards it. If we are headed for a prolonged stock market crash, this may be the one token that many choose first. This is reason enough for most to consider Bitcoin above all other tokens in this market.

Ethereum (ETH-USD)

Another stylized version of the Ethereum logo

Source: Shutterstock

There is a reason Ethereum (ETH-USD) seems to always be on the list of the best cryptocurrencies for investors to buy. Whether it’s bull markets or bear markets, the vast Ethereum ecosystem continues to operate and generate utility for its users. Indeed, the key underlying growth metrics that support this network provide some of the strongest fundamental reasons to own any cryptocurrency over the long term.

The second largest cryptocurrency in the world, Ethereum is a decentralized open source network that implements smart contracts at a scale like no other. In terms of DeFi, NFT collections, and a wide range of other interesting utility generation projects, the Ethereum network is the lifeblood upon which most of the utility is generated via the blockchain.

A number of altcoins have emerged to challenge Ethereum’s dominant market position. However, the Ethereum network has held up relatively well over time. The size and scale of this network alone provides a certain defensive position for an investor looking to ride out these tough times.

In addition, Ethereum’s recent massive upgrade, “Merge”, now brings staking to this network along with a reduction in energy consumption of around 99%. For many who were skeptical of the developer talent behind this project or its carbon footprint, the upgrade could be a catalyst for more investors to get involved.

Binance Coin (BNB-USD)

Binance Coin is ahead of the trading charts.

Source: Shutterstock

Binance Coin (BNB-USD) is one of the largest digital currencies in the crypto sector in terms of both trading volume and market capitalization. It is also one of the best cryptocurrencies to buy and is backed by Binance, the world’s largest cryptocurrency exchange.

It is true that an increasing number of exchanges in this industry are facing financial problems. However, Binance has the resources to weather any cryptocurrency storms.

In addition, this platform attracts tens of billions of dollars in trading volume every day among millions of clients. Additionally, this project is included in a range of other utility generating features such as liquidity funding, cryptocurrency derivatives, loans, NFTs and more.

The BNB token is part of a much wider ecosystem that includes the Binance Smart Chain (BSC). For those who don’t know, Binance Smart Chain is an independent blockchain network that supports several future tokens. More importantly, every transaction executed on BSC must be settled at the BNB. This creates an ever-increasing demand for this cryptocurrency.

For the long term, those looking to build a portfolio may want to start with these mega-cap cryptocurrencies.

Chris MacDonald has a position in Ethereum as of publication date. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.

Chris Macdonald’s love of investing has led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His past experience as a financial analyst combined with his fervor for finding undervalued growth opportunities contribute to his conservative, long-term investment outlook.

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