2022 had its moments, especially earlier in the year, but after Q1 of 2022, it all came crashing from there. The bear market recorded events never before seen in the landscape, which all happened at once. We saw crypto assets at unprecedented prices, with most losing over 80% of their value. We saw exchanges and several institutions crashing, and a stablecoin holding the value of over a $50 billion ecosystem crash. These events have sent the ecosystem into what most people call a crypto winter, and enthusiasts speculate that this may last well over two years, as previous patterns have shown.
However, there seems to be some trajectory pointing to a recovery in the coming year, and most people would be looking to revive their losses in the coming year. The bear market has its downsides, but it also comes with some opportunities. Most people are looking to buy their favorite altcoins at the present discount because it at least guarantees some profit. Here are three cryptocurrencies to buy for some profit in the coming year. Two are more established cryptocurrencies – Ripple (XRP) and Ethereum (ETH); however, the third is Big Eyes Coin (BIG), a new generation meme coin project pushing DeFi and utility within the meme crypto scene.
Ripple (XRP): After Tough Period, Is It On The Up?
XRP has had a poor trajectory over the last two years since the SEC filed the lawsuit against Ripple, the firm that created XRP. However, the cryptocurrency has managed to remain at the top of the market, even ahead of crypto assets like Cardano (ADA), Polygon (MATIC), Solana (SOL), Avalanche (AVAX), and several other cryptocurrencies with interesting price trends in the last bull run. The narrative holding XRP together is its triumph over the SEC in the court case. Over the past several months, XRP price has reacted positively to good news as regards the court case. Recent news has reported that XRP will likely come out of the case victorious, putting a promising tag on the cryptocurrency. XRP was created as a solution to help major financial institutions transition from a central database to a more open infrastructure on the blockchain. The blockchain is a much more cost-efficient infrastructure, and it seems like a bigger scheme to promote its adoption, which is why several people hold cryptocurrency in high regard.
Ethereum (ETH): Second-Gen Blockchain Still Crucial To Crypto Landscape
Ethereum (ETH) is the most valuable network across the blockchain landscape and its native token, ETH, is the second-largest crypto asset in the market. The network pioneered the support for smart contracts and decentralized applications while accounting for the highest on-chain activity in the landscape. The network recently had an update called the merge that enabled its transition to the Proof-of-Stake consensus mechanism. Earlier this year, Vitalik Buterin, the network co-founder, stated that the merge is a part of a five-stage process to make Ethereum fully scalable. Considering that the network is primed to continue to grow, it would be exciting to see the new innovations it will power in the blockchain landscape in the coming year. Investing in Ethereum’s growth is one of the safest places to put money in the cryptocurrency market, and you can revive your losses from this year when the market gathers strength in the coming year.
Big Eyes Coin (BIG): Looking To Reinvent Meme Coin Utility
Big Eyes Coin (BIG) is another meme coin you should consider for your portfolio. The meme coin is still on presale, which makes it a convenient choice for most people. It has shown potential to be the biggest meme coin next year, as it raised over $11 million over seven rounds of its presale and is still going strong. The cryptocurrency is a cat-derived meme coin that has built a solid community with its interesting narratives. It poses a rival to dog memes tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) and has a growing community looking to push the hype as soon as it launches. Its traction grew after the presale raised $1 million in the first week. Now, most people want to accumulate as much as possible for guaranteed profit when it launches. When purchasing from the presale, use exclusive code BIGG1126 for extra bonuses and content!
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