The crypto market downtrend is a good time to look for crypto assets for investments before the market wakes up and starts to grow again. During the bear trend, it is easier to see the worthy projects – many cryptos cannot hold and quit existence, and all that remain are worth attention. If a crypto project services the crypto winter, it deserves attention.
Crypto today lives through a bearish tendency. What is good about the bear trend? First of all, all crypto prices are reduced now. So you have a wider range of coins to buy for your budget. Therefore, you can collect a not-bad investment portfolio and prepare yourself for the next trend, which is just around the corner.
What is the best cryptocurrency to buy today? Let’s discuss it.
How to Pick the Best Crypto?
Here are some factors to look for:
- Market capitalization. A high indicator of the cap means the asset is relatively stable and less volatile. The higher the cap, the bigger the market dominance of the asset. Lo and middle-cap coins are more sensitive to volatility, so they may bring nigger returns in a shorter time, however, with higher risks.
- Technology. If the asset has a valuable technology at the core and many real use cases, the adoption and acceptance of the project will rise, and it will have significant changes to grow in value.
- Whitepper. That is a document describing the vision and essence of the project with its use cases and technologies. The paper should be written correctly and clearly, with real purposes and realistic goals.
- Partners, backers.
- Social networks should be active, and there must be interaction with the community.
Here are 10 best digital assets to buy in 2023:
Where to Purchase Cryptocurrency?
When you plan crypto investments, the question of picking an exchange is essential because you need to be confident about the platform where you put your funds. WhiteBIT is a reputable and safe exchange with various trading options and tools, passive income instruments, and average fees. Try the WhiteBIT wallet and see how intuitive it is even for a beginner user.