Interested in Altcoins? Here are 3 that could boost your portfolio in the ongoing bear market

Altcoins: The ongoing bear market has led to uncertainty about the future of many crypto projects and prompted investors to be cautious.

With portfolios turning red, it’s understandable that investors want to move reasonably in the current market scenario. Therefore, we have compiled a list of altcoins, which seem the most stable and least risky, and could hold your portfolio together in the ongoing bear market.

Ethereum (ETH)

Ethereum is generally criticized for having high gas fees to transact. However, with its recent pivot to a Proof-of-Stake (PoS) consensus mechanism and scheduled ecosystem upgrades that will make the network more scalable, more secure, and more sustainable, Ethereum is here to stay.

It would be nearly impossible to think of the NFT and dApp ecosystem without Ethereum. With so much convenience and prominence, Ethereum will remain a force in the industry despite a bear market.

Current price: $1,212.54
Market cap: $148 billion

BNB

Although BNB is a utility token and has been regularly criticized for being too “centralized”, it has captured a significant market share in the crypto industry.

The rise of the Binance ecosystem and the subsequent importance of BNB (to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, etc.) cannot be understated. .).

Current price: $249.35
Market cap: $39 billion

Also Read: Why Are CryptoPunks So Popular? Can you create NFT collections like CryptoPunks?

XRP

Ripple (along with two of its top executives) is embroiled in a legal case with the SEC, with the latter alleging that they should have registered XRP as a security, while the company argues that XRP is a currency.

Regardless of the legal battle, XRP is still important as the ecosystem seeks to replace the old, expensive and cumbersome international payment system. It can help traditional financial institutions modernize their infrastructure to enable fast and cost-effective payment processing.

Current price: $0.345
Market cap: $17 billion

Also Read: Top 5 Certifications to Enter the Web 3.0 Industry

Dhirendra is a writer, producer and journalist who has worked in the media industry for over 3 years. A technology enthusiast, a curious person who likes to research and know things. When he’s not working, you can find him reading and understanding the world through the lens of the internet. Contact him at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.