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3 Cryptos to Buy During a Stock Market Crash

The market declines we have seen this year have not been good for cryptocurrencies. Therefore, the search for the top cryptocurrency to buy may be something some investors put off. All the while waiting for the market to return to its uptrend.

Unfortunately, we have been in a bear market in the cryptocurrency world for practically the past year. It’s also been a long time since many investors saw green on their screens. For someone who joined the company earlier this year, it’s been a rough ride.

But as the saying goes, money is made when you “buy low and sell high.” To get real confidence in long-term betting, you need to buy when others are selling. After all, a market crash could just be the buying opportunity long-term cryptocurrency investors have been waiting for.

Could these tokens drop further? Of course. But for those with plenty of time to invest, here are three options I think are worth considering at least right now.

Bitcoin (BTC-USD)

Source: Viacheslav Lopatin / Shutterstock.com

many experts believe that Bitcoin (BTC-US Dollar) is one of the safest long-term cryptos to buy in the sector. Indeed, from a historical point of view, this thesis remains true.

Bitcoin is The oldest and most famous cryptocurrency there. Looking at the 10+ year chart for this top token, one thing has always proven true: all past serious declines are hitting new all-time highs.

The question many investors have in this bear market is, “Will this time be different?”

that’s a fair question. After all, the crypto sector has yet to officially experience a recession. Bitcoin was born out of the Great RecessionIt remains to be seen how this token will perform in the coming recession.

The size of this token and its attractiveness to institutional investors are the main reasons long-term investors hold on to this crypto. Additionally, the number of Exchange Traded Funds (ETFs) set up to provide investors with access to Bitcoin provides unparalleled institutional access to this cryptocurrency.

For those who are bullish on the long-term thesis behind cryptocurrencies, Bitcoin remains the top choice, attracting both retail and institutional investors. If you’re headed for a prolonged stock market crash, this may just be the first token many people choose. This is reason enough for most people to consider Bitcoin over all other tokens in this market.

Ethereum (ETH-USD)

Another stylized version of the Ethereum logo

Source: Shutterstock

there’s a reason for that ethereum (ETH-US Dollar) seems to consistently make the list of the top cryptocurrencies that investors buy. Whether in a rising or falling market, Ethereum’s vast ecosystem will continue to function and provide utility to its users. In fact, the key underlying growth metrics that underpin this network provide some of the strongest underlying reasons to own cryptocurrencies for the long term.

Of the world second largest cryptocurrency, Ethereum is a decentralized open-source network that deploys smart contracts at an unprecedented scale. When it comes to DeFi, NFT collections, and various other interesting utility generation projects, the Ethereum network is the lifeblood where the majority of utility is generated via the blockchain.

Various altcoins are trying to challenge Ethereum’s dominant market position. However, over time, the Ethereum network has held up relatively well. The size and scale of this network itself provides a defensive stance for investors looking to navigate these difficult times.

In addition, Ethereum’s recent major upgrade, “merge” brings staking to this network along with an energy consumption reduction of approximately 99%. For many who were skeptical of the developer talent behind this project, or its carbon footprint, the upgrade could be the catalyst for more investors to jump in.

Binance Coin (BNB-USD)

Binance Coin is in front of the trading chart.

Source: Shutterstock

binance coin (BNB-USD) is one of the largest digital currencies in the crypto sector in terms of both trading volume and market capitalization. It is also one of the top cryptos to buy and is backed by Binance. World’s largest cryptocurrency exchange.

Indeed, more and more exchanges are facing financial problems in this industry. However, Binance has the resources to weather the cryptocurrency storm.

Additionally, the platform attracts tens of billions of dollars in trading volume daily among millions of clients. In addition, the project is involved in various utility generating functions such as liquidity funding, cryptocurrency derivatives, loans and NFTs.

BNB tokens are part of a wider ecosystem. Binance Smart Chain (BSC). For those who don’t know, Binance Smart Chain is an independent blockchain network supporting several up-and-coming tokens. More importantly, all trades executed in BSC must be settled in BNB. This makes the demand for this crypto more and more.

Those looking to build a portfolio for the long term may want to start with these megacap cryptocurrencies.

As of the publication date, Chris MacDonald has a position in Ethereum. The opinions expressed in this article are those of the subject author of InvestorPlace.com. Publication guidelines.

Chris MacDonald’s love of investing has led him to pursue an MBA in Finance and take on many management positions in corporate finance and venture capital over the past 15 years. His past experience as a financial analyst, combined with his dedication to finding undervalued growth opportunities, contributes to his conservative, long-term investment perspective.

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