Crypto Winter is here. Either the storm with BudBlockz, USD Coin, Cosmos, Ripple XRP and BNB coin.
Downturns have rocked the broader cryptocurrency market since prices peaked in late 2021. This long stretch of depressed valuations has set in as a crypto winter – the crypto equivalent of a bear market. In times like these, investors willing to change their strategies can still find amazing ways to preserve value and discover new growth opportunities. Here are five tokens that deserve consideration for any crypto winter investment strategy.
Volatility is not only a threat – it can also unlock new opportunities. Investors looking to trade new opportunities should consider BudBlockz (BLUNT), a cannabis-related cryptocurrency with one of the best sets of use cases we’ve seen. Rather than promising to revolutionize the field, BudBlockz has gone all in on supporting the cannabis industry’s evolving financial infrastructure, making it easier for consumers to invest in companies along the entire supply chain. It’s a remarkably fair-minded approach to an industry that has proven remarkably resilient to recent years of greater economic malaise.
Stablecoins peg their value to a fiat currency, making them extraordinarily resilient during market downturns. USD coin (USDC) has emerged as the most secure stablecoin available. Pegged to the US dollar, it is also supported by USD reserves, unlike its biggest competitors. Even better, USD Coin is part of the influential Center Consortium, which seeks to unify fiat and cryptocurrency, giving it another dimension of stability. Preserving value is key during both bear markets and crypto winters, and USD Coin is our favorite way to do it.
In a down market, diversification is almost as important as risk management. The Cosmos the platform represents a way to play large parts of the crypto space by facilitating the creation of blockchains themselves. Its original token, ATOM, allows all elements of the Cosmos network to work together. This may all be a bit abstract, especially for casual crypto investors, but the proof of ATOM’s resilience is in the charts: while many other major tokens have struggled to find new footing, ATOM has surged from late August to early September.
When investors cringe, financial systems can win. Payment settlement agents Ripple (XRP) is proof of that, making it a compelling option in tough economic times. It has remained robust despite relatively high operating costs and vanishingly low transaction fees, proving the wisdom of its position as a high-volume platform. Institutions are also using Ripple—Bank of America and Banco Santander to name just two—giving XRP a strong foothold in the fiat world that only stablecoins can match.
Most investors leave room in their portfolios to play the entire market, even when the market is soft. Binance Coin (BNB) is issued and used by Binance Exchange, the world’s largest cryptocurrency exchange, putting it right in the middle of the action. To the extent you wish to keep some cryptocurrency in your portfolio, BNB should be a consideration as the entire sector looks to rebound.
Learn more about BudBlockz (BLUNT)
Official website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links:
