The cryptocurrency market is in a bear market. This is good news for long-term investors who know this is the perfect time to buy crypto assets at a huge discount. However, the trick is not to go blind but rather to pick solid projects that will outlive the bear market.
The best solution is to mix tried-and-tested cryptocurrencies such as Bitcoin (BTC) and Quant (QNT) or increase your chance for significant gains by investing in new projects such as Flasko.
Bitcoin (BTC) Remains the King of Crypto
There is no doubt that Bitcoin (BTC) is the undisputed king of crypto. Before looking into other factors, it is worth noting that Bitcoin enjoys the first-mover advantage. This leads to the network effect, where a platform, service, or product gains value when it increases its user base.
This is true for all cryptocurrencies. Bitcoin (BTC)is a well-known cryptocurrency, and it is the first stop for those new to the crypto space. This means that the leading digital asset will always be liquid, and in the case of a bull cycle, its price will quickly go higher if the principles of supply and demand are respected.
Bitcoin (BTC) has always attracted institutional capital. Publicly traded companies such as Tesla, MicroStrategy, and Square added digital assets to their balance sheet. Bitcoin (BTC) will likely come out on top in the next wave of institutional adoption.
Bitcoin (BTC) topped more than $69,000 in the previous bull market. While the crypto market has many hurdles to jump before a bull phase begins, Bitcoin (BTC) has important narratives that can easily trigger upward momentum in terms of price.
The Bitcoin (BTC) halving is coming in 2024, and if history is anything to go, there is a high chance the market will see new all-time highs. With that being said, Bitcoin (BTC) is perfectly poised for long-term investors. Bitcoin (BTC) is not alone on this list. Several other cryptocurrencies are a good buy right now, and one of them is Quant (QNT).
Quant (QNT) Is Coming Of Age
QNT is an Ethereum-based token that powers the Quant network. Quant (QNT) uses OverLedger Network to connect different blockchains. This is regarded as the operating system upon which blockchains run.
Through OverLedger, developers can build multi-chain applications (MApps) that can run on several blockchains. Developers need to hold a minimum threshold of QNT tokens to develop MApps.
Quant’s price action over the past few weeks paints a picture of a project in demand. QNT’s price has skyrocketed from $40 to $200 in 126 days. This is a 5X increase, and in the middle of a bear market.
Quant (QNT) looks like it still has some legs to run further. Quant (QNT) remains to be seen if it will reclaim a high of $427 reached in September 2021.
Quant’s growth is usually reserved for new, untapped projects such as Flasko.
Flasko (FLSK) Could Be A Massive Winner In The Next Bull Run
Those who want to make it big in the next bullish phase should consider investing in lesser-known but promising projects such as Flasko. Flasko ticks all the boxes as it is the first crypto platform that allows users to invest in alternative investments backed by rare and luxury whiskeys, wines, and champagne.
Flasko will mint each investment as a fractionalized NFT that can be invested into and traded. The biggest advantage of Flasko is that it is forging ahead during a bear market, a period when most projects collapse.
Crypto enthusiasts can buy the Flasko token for $0.065 during the presale, and there have been predictions circulating that iti could reach $2.30 by February 2023. We strongly believe that this project has a bright future and is worth checking out.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io