These 4 Altcoins Are Ideal Investments In A Bear Market!

It’s been a tough year for crypto investors. Due to the bear market, even the best cryptos have fallen by up to 90% from their all-time highs. Because of this, many people’s portfolios were largely destroyed. Unfortunately, prices are likely to remain lower for a while. Some see this as a buying opportunity. However, it is possible for many altcoin projects, especially those that do not have much use, to collapse before the market rises.

“4 altcoins to invest in bear market”

If you’re considering investing in cryptocurrencies, it’s a good idea to research the projects thoroughly. See how it reacts to the competition, what it does in the real world, and who will use the product. As billionaire investor Mark Cuban points out, it’s not enough to be a cryptocurrency to be successful. If these projects are to be successful, they need to be able to attract users and be really useful. The consulting giant “Motley Fool”, which has published an analysis on this subject, has identified 4 altcoins that are the ideal investment in the bear market.

VeChain (VET)

VeChain started using Blockchain as a supply chain management tool. It has also continued its expansion into other commercial use cases since then. For example, let’s say you are making luxury bags. VeChain monitors every step of the handbag’s production and sales on the Blockchain. Thus, the final buyer is assured of receiving the real product.

Additionally, VeChain is working with Walmart China to track fresh meat and vegetables from farm to store. It’s now easier to quickly check for a problem food, thanks to increased traceability. Like other cryptos on this list, altcoin asset VET is featured on some of the leading US crypto exchanges. But not all of them.

Livepeer (LPT)

Video streaming is becoming more and more popular and extremely expensive. Accordingly, video content needs to be processed so that it can be accessed on different devices at different bandwidths. Doing this is called transcoding and requires a lot of computing power. cryptocoin.com As we have reported, Livepeer is an altcoin project that emerged to solve problems in this area.

Livepeer essentially pools unused computing resources from a network of individuals. It then uses them to convert videos. This enables content creators to achieve scalable, low-cost transcoding. However, Livepeer users do not have to buy expensive infrastructure. Network participants get LPT coins that have real-world value.

Helium (HNT)

Helium is a decentralized wireless network powered by a network of long-range hot nodes. Initially targeting Internet of Things (IoT) devices such as smart pet collars, driverless cars or fitness devices, Helium is now expanding into 5G and WiFi connections. Network participants can run the Helium hot node and earn rewards for connecting.

The concept of using crypto tokens to reward participants is an interesting aspect of Blockchain. Livepeer and Helium use a network of individuals to do the heavy lifting. Thus, they are included among many projects that reduce the upfront infrastructure costs of a business. These individuals earn a fraction of the wages in a more community-based, decentralized business model. Altcoin HNT is also a hugely successful Web 3.0 coin.

Cardano (ADA)

Cardano is somewhat of a “love it or hate it” crypto, and some question its real-world value. This network is essentially an ecosystem like Ethereum (ETH) that can host other crypto projects on the Blockchain. Its critics suggest that it is slower to launch the smart contract functionality. He also points out that the ecosystem does not yet have as many dApps as other altcoin ecosystems. However, Cardano is one of the best examples of blockchain usage in the real world.

For example, Cardano has a partnership with the Ethiopian Ministry of Education to record the academic information of five million students on Blockchain. This will make it harder to cheat the education system and potentially help students access opportunities like college education or international jobs. Another project on the Cardano network, called Empowa, aims to help underbanked individuals access funds to build houses.

We are still in the early days

If blockchain technology achieves even a small fraction of what is promised, it will change entire industries. Medical records can be securely saved on the Blockchain and you as a patient can control how they are accessed. Insurance claims can be paid automatically when certain criteria are met. It is possible to store even the deed of your house on the Blockchain. The problem is that the industry is in its infancy and there’s a lot we don’t know about how it can evolve or whether it can survive the current bear market.

You can compare blockchain to the early days of the internet. Everyone is chasing the next Amazon, but every success story requires hundreds of failures. As an investor, looking for altcoin projects that are really useful is a great start. Still, it’s a good idea to only invest money you can afford to lose and ensure that crypto only makes up a small percentage of your broader portfolio.

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