If you are in the market for a few cryptocurrencies to invest in, you have a lot of options. There are hundreds of coins that have appeared over the last year, with each offering different benefits and different levels of risk.
To help you narrow down your options, here are five cryptocurrencies that are poised for dramatic growth before the bull market returns.
1. Bitcoin
Bitcoin has been in a very long bear market ever since it peaked at well below $20,000 at the end of the first quarter in 2022. The market correction that followed was brutal, with the price of BTC declining by about 70% from its all-time high.
The bear market has had a negative effect on all cryptocurrencies. However, the price of bitcoin has suffered more than most. BTC USD is still down from its all-time high, and although it is not technically in a bull market, it has more room to grow before it gets back to its all-time high.
2. Ethereum
Ethereum has taken the first spot on the chart of cryptocurrencies to watch for a bull market before it returns. Ether was the second most popular cryptocurrency by market share and currently ranks as the fourth largest by market cap.
The price of ether is slightly above its all-time high from March 2018, when it reached an all-time high price of $1,400. However, there are some major catalysts that could push Ethereum up to new highs over the next few months.
3. BNB
Binance, based in Hong Kong, is a cryptocurrency trading platform that allows users to trade hundreds of cryptocurrencies. Binance was founded at the end of 2017 by Changpeng Zhao (CZ) and his father, who is also the CEO of the company. Binance has grown rapidly since its inception in January 2018. The company recently announced it was planning to add 10 new coins with a total market cap exceeding $1 billion by March 2019.
4. Cardano
Another crypto that can make a huge difference once a bull market return is Cardano. Vasil’s network may possibly bring better upgrades to the crypto. The network was created by Charles Hoskinson and it offers a number of features that surpass most other cryptocurrencies. Cardano is one of the few “proof-of-stake” cryptocurrencies (which means you don’t have to find blocks or solve complex puzzles to mine new tokens).
There you have it — four cryptocurrencies that are likely to perform better before a bull market returns. Now, it is up to you to decide which one(s) to invest in.
