Which cryptocurrencies are safe? Only Bitcoin and Ethereum? : The Tribune India

It seems the jurisdiction of this cryptocurrency crash knows no bounds. For those looking to maintain exposure to the market, investing in currencies with longevity and a history of beating bear markets is of utmost importance. The only two that fit the bill at the moment are Bitcoin and Ethereum.

Both have been around the crypto block for at least 2 cycles and both have generated huge returns on investment in the following bull markets. Let’s dive into why these two have the fundamentals to beat the bear market.

First, why isn’t BNB included?

Although BNB is most likely a safe investment in this crash, there are two reasons why it has been left off this list.

First, it is at an all-time high against BTC, and under current market conditions, this does not bode well for the price of BNB. Regardless of the project’s fundamentals, this alone insinuates that BNB may be in for a capitulation that has been prevalent across the market recently.

Second, the narrative linking BNB to FTX has many on the edge of their seats. As many know, after the collapse of Terra Luna and now FTX, due to Binance’s involvement in this narrative, anything can happen. Binance is not safe from a capitulation, and even if the “too big to fail” argument can be used, BNB could still experience a dramatic selloff.

Bitcoin is king

Regardless of the weak price action Bitcoin has had in recent months, Bitcoin remains at the top of the charts, and as the king of cryptos.

Following Ethereum’s successful merger, many have commented on Proof-of-Stake’s effect on Ethereum’s security and decentralization. It seems to many that Proof-of-Work is the best algorithm for a blockchain to operate on to maximize decentralization and security.

Bitcoin remains on top and will likely do so forever. No one can compete with Bitcoin’s level of decentralization, or what the currency means and stands for. As the first of its kind, Bitcoin has the first-mover advantage over all cryptocurrencies and has the most adoption at an institutional level.

At its current price, Bitcoin offers the best investment in this bear market if you are trying to minimize potential losses.

Ethereum, the proven bear market

When it comes to cryptocurrencies that have stood the test of time, the old long list is pretty short. A lot has changed for Ethereum since the previous bear market, especially and recently with the merging into a proof-of-stake consensus as discussed above.

This is a far more environmentally friendly consensus, using approximately 99.95% less energy. Given the current global emphasis on energy efficiency and reducing the carbon emissions crisis, ETH has arguably ensured its survival and longevity. The carbon emissions argument was often used against Ethereum as a means of stopping the project’s development. The successful merger has in turn put this argument to rest, making ETH an extremely safe investment going forward throughout the bear and into the next bull market.

Big Eyes, the next generation meme coin

Big Eyes Coin is a cat-inspired meme coin, looking to attach a middle claw to the cartel of doge meme coins. As a pre-sale symbol, it offers a very safe investment going forward, as it does not plan to formally launch until we see more bullish conditions.

The project has secured marketing on Times Square’s 3D billboard which they hope will take the brand to the next level. If you want to invest in a presale where your investment is guaranteed to only increase in value until the token launch date, then check out the button below for the hottest bear market presale! For youtube content on the project, check the attached link!

Disclaimer: The above is a sponsored article and the views expressed are those of the sponsor/author and do not represent the position and views of The Tribune editorial staff in any way.