If your portfolio has suffered huge losses in recent weeks, you might be deciding where your investments should go for the incoming recession. The crypto world hasn’t gone through a global recession before, so many analysts are wondering how things are going to pan out. Some believe this is just a “dip” that’ll rebound to new highs in a few weeks, while others are being more pragmatic: This is going to last a while but there’ll still be gains in the long-term. Wherever you fall on this side of the argument, shoring up your portfolio to protect it from the worst performers during the current bear market is a good idea. That’s why we recommend these 3 cryptos that could outperform much of the rest of market
Gnox has already made great gains in recent weeks, even though it’s only in pre-sale. GNOX is the first democratic crypto platform that gives regular investors the benefits of DeFi investments. It acts as a bridge between the mainstream investment world and the digital space, and that’s why we think it’s perfectly positioned to help bring DeFi investments into the mainstream. Not only is it up in price over the last few weeks, it’s got the long-term benefits of hassle-free passive income for GNOX holders. That’s why we think Gnox could help you reverse your bear market losses.
Shiba Inu (SHIB)
Shiba has had a crazy year or so, reaching all-time highs before falling back again. Seen as one of the biggest memecoins around, many have questioned its true fundamentals. Does SHIB even have any? That’s one of the hottest debates in the crypto world. But what it does have is an army of fans, and with a recent huge increase in token burns, this army of fans could continue to grow. We think that while SHIB is still slightly risky, it could be one of the best altcoin picks that has the potential to outperform much of the market. Perhaps now is the time to buy the SHIBA dip?
Bitcoin is the largest crypto in the world. If anyone’s heard of just one coin, they’ve heard of Bitcoin—and it’s the only one that regularly makes its way into mainstream financial news. And it’s this name recognition that helps make BTC the only store of value in crypto. It’s the gold of the digital currency world. Some analysts argue BTC is overpriced, and the real victor from the bear market will be another project people are unaware of at this point. They see Bitcoin as the MySpace before Facebook was even invented.
However, we think if crypto survives, BTC is here to stay. And while weekly market conditions haven’t been great for the crypto world, the fundamental tech is sticking around for the long-term. That’s why we think BTC is a good purchase, and it may be available at a discount right now. Even if you can’t afford a whole coin, adding some BTC to your portfolio could be prudent as many altcoins fall by the wayside.
Are you looking to modify your portfolio so that it performs better during the bear market? We think BTC, SHIB and GNOX could be great additions.
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