The crypto market is shaky and many people are nervous about investing right now. However, there are still strong altcoin projects to buy on the bearish, according to Crypto expert Katie Brockman. However, the expert also reminds that it is wise to weigh the risks and rewards before investing in crypto.
An altcoin you want to have in your portfolio!
It’s no secret that the crypto market has struggled over the past year. cryptocoin.comAs you follow, the entire industry has lost about two-thirds of its value since late 2021. In the process, the crypto market cap has dropped from an astonishing $3 trillion to about $1.19 trillion.
Many investors are also worried that a recession is imminent. If that happens, this crypto winter could last even longer. The good news, though, is that a bull market is finally coming. And there is one investment you might want to load before prices go up: Ethereum (ETH)
Why is the leading altcoin a good choice for the bull market?
Launched in 2015, Ethereum has proven that it can withstand market volatility. Over the last few years, it has faced numerous downturns, including the drastic drop in 2018, where its price dropped by 94%.
While its past performance does not predict future returns, Ethereum’s long history is more promising than many other cryptocurrencies. Currently, its price is down about 64% from its peak, which is far from the worst it has ever seen. Ethereum’s position in the crypto market also gives it a clear advantage. The primary Blockchain for decentralized applications ranging from NFT marketplaces to DeFi projects and the metaverse. If any of these applications gain widespread use, Ethereum will be in a great position to take advantage of it.
Finally, Ethereum developers have proven that they are committed to improving the Blockchain. Last year, The Merge ran smoothly, successfully migrating the network to a Proof-of-Stake (PoS) protocol and greatly reducing energy usage. And future updates will aim to reduce transaction times and fees, making Blockchain faster and more affordable for users.
Is crypto a smart buy right now?
Investing anywhere can be frustrating when the entire market is in turmoil, let alone a notoriously volatile industry. Before investing in Ethereum, it is important to consider whether you are willing to take the risk of buying the cryptocurrency.
It is almost certain that the stock market will recover from this downturn. After all, the market has been around for decades and has survived dozens of crashes during that time. Sooner or later, this bear market will give way to a bull market. But crypto is still in its infancy, so there are no promises of long-term survival of this industry.
If the crypto market develops, Ethereum could be a great buy right now. You can stock up at a discount as prices are lower and then reap the benefits when the market improves. But even the strongest investments can fail if crypto doesn’t succeed over time.
Before you buy, consider whether this is a risk you are prepared to take. When in doubt, ask yourself which scenario you would regret more: invest now and lose money if crypto fails, or miss out on potentially lucrative returns by not investing if crypto succeeds. There are no right or wrong answers here as your risk tolerance is personal. However, it is important to understand the potential downsides when investing in crypto, as there are never any guarantees in this industry.
Weighing risk against reward
Ethereum is in a unique position as it is a strong investment in a speculative industry. Blockchain has several distinct advantages and is well diversified across many different niches in the crypto space, from NFTs to DeFi to the metaverse and more.
But since crypto is still speculative, Ethereum’s long-term success may depend on whether the industry as a whole will survive. Altcoin is still a risky investment, as no one knows what the future will hold for crypto. While there are serious risks to consider, he remains one of the strongest players on the field. And if there’s one cryptocurrency I keep in my portfolio for the long term, it’s Ethereum.
The opinions and recommendations in the article belong to the experts and are definitely not investment advice.
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