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The crypto market is facing a tough time amid increased volatility and intense selling pressure, as the bears have extended their hold on the sector. If we see, all the major tokens have lost up to two-thirds of their value from their all-time high levels. Investor trust has been impacted across several crypto categories since the most recent crash.
Still, market experts are bullish on a few projects as they believe crypto is a big change in the global financial systems. Let's take a look at the top 5 projects where you can invest in the bear market.
Tamadoge
This coin is rated as one of the best investments for the crypto market available during this terrible crash period. Tamadoge is the newest participant in the meme coin sector, based on its current presale hosts. Surprisingly, Tamadoge aims to provide holders with true utility while transforming the way meme coins work.
Tamadoge is recognized as a play-to-earn cryptocurrency where users can train, battle, and breed Tamadoge NFT pets to score more points. Every time a player wins a battle, they move up the leaderboard, and lastly, the player at the top ranking automatically becomes eligible to receive the award prize in the Dogepool.
If you are looking to invest in a meme token, Tamadoge can be your first choice for the investment.
Philcoin
The world's first global philanthropic token, Philcoin, must be on your list if you, as an investor, want to invest in this harsh falling market. The native cryptocurrency of the Philcoin ecosystem is the BEP-20 PHL token, which can be utilized as a means of exchange between network users.
It is an award-winning philanthropic movement in the blockchain ecosystem whose aim is to design a global interactive ecosystem where people can make money while using goods and services that are connected to the Internet of Things (such as social media, television, and communication tools).
The application is on Android and iOS both. Philcoin must be on your list in this ongoing market crash for investment as the coin has lots of potential in the future and can give you good returns.
Battle Infinity
It is a crypto gaming platform focused on the metaverse. Named "Battle Area," it is a metaverse universe where all games are integrated. The aim of Battle Infinity is to build on Axie Infinity's success and work toward achieving even greater success while providing maximum and transparent gains along the way.
Here users have access to many other different activities apart from gaming that is within the Battle Infinity metaverse. If we see during the bearish period Battle Infinity was launched, the team still managed to increase its hard cap in just 30 days-a stunning and incredible effort. Looking into the fact the project was launched in a bearish market, this is the crypto an investor must look into to invest.
Chiliz
It is the world's leading blockchain fintech provider for sports & entertainment. Currently, the coin is not much in the news, but in this bear market, one must keep an eye on this. It uses Socios.com for fan engagement and attraction. Sports teams have the option to create their own unique tokens on Socios.com, and after that, those can also be put on sale to fans. Seeing a boom in the gaming industry and quick involvement and collaboration with new sports clubs and teams, Chiliz is likely to see a huge rise in the upcoming years, giving significant gains to investors.
BFG Token - BetFury's Utility Token
BFG is the internal coin of the BetFury platform, which was launched on Binance Smart Chain (BSC). It is the most famous gambling decentralized (dApps) in the world. This gambling token is pretty well in the market, and it has now got the attention of crypto enthusiasts around the globe. As per the data available in the market, it's been estimated that currently, it has a distribution of over 2.5 billion and a massive 5 billion BFG in total emissions.
Surprisingly it is very interesting to see CertiK, a renowned blockchain security company, has also certified Betfury's utility token BFG. With time as the user base grows rapidly of BetFury's utility token, it will not be strange for BFG to be increasing its value in the future. Here the more you play, the more you spend time playing games, and the more u likely to earn the rewards. Players also have the option to stake and get rewarded. It should be on your buying list. It is one of the top five cryptos to invest in the bear market.
Conclusion
All the above-mentioned tokens can be your choice if you are looking to invest in the bear market. Going through the past month's performance and future predictions, the list of the top 5 tokens has been created. If you are looking for some assets to invest in now, these five can be top on your list. Yes, the current market trend is downward, but it will be an intelligent decision to invest in these coins now so that when the market recovers from the crash, investors can enjoy their profits in these coins.
Photo by Ian Taylor on Unsplash
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.