The cryptocurrency market has deferred significantly over the previous week, and digital assets in the space are distressed. While such periods can discourage investors, they also present an exclusive opportunity to enter the market at low and cheap prices before the next rally. So, here are the top 5 coins to stockpile ahead of the next bull market.
Bitcoin (BTC) is a no-brainer when hoarding cryptocurrencies in anticipation of a bullish rally. Very often, the asset is the one that is pulling the rally away from the rest of the market. As a result, Bitcoin will outperform the rest of the market.
In addition, it is the largest cryptocurrency in the market. As the most credible digital asset, it is a dependable option, especially for those who want to avoid taking too much risk with altcoins.
As the second-largest cryptocurrency in space and a leading altcoin, Ethereum has gained respect. It is an altcoin that has steered to surpass Bitcoin year after year and enter the non-fungible token (NFT) and decentralized finance (DeFi)
In the case of Ethereum, Bitcoin will likely keep moving as long as it moves. The close connection to BTC’s performance ensures that ETH will quickly follow in the ascent of the rally.
Due to Elon Musk’s fondness for Dogecoin, it is included on this list. For many, it is a useless currency. However, the cryptocurrency market has proven time and time again that most investors care less about the ease of use and more about the possibility of profit.
Litecoin manages to go under the radar sometimes, but the coin has proved to be a solid option. It works similarly to Bitcoin but is much cheaper and faster than the groundbreaking cryptocurrency.
One thing that makes Litecoin a good buy is that it’s about to halve. The halving of Litecoin, similar to Bitcoin, is extremely positive for crypto assets.
Binance’s native cryptocurrency is one of the most durable on the market. It rose from double digits at the start of the recent bull market to over $700 at its peak. Expectations for the next bull market remain the same, as BNB is expected to break above $1,000 this time.
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