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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 cryptos. As a result, the search for the best cryptos to buy may be one that some investors put off. All while waiting for the market to resume its upward trend.

Unfortunately, we have been in a bear market in the crypto world for most of this year. It has also been a while since many investors have seen green on their screens. For those who entered early this year, it was a tough race.

However, as the saying goes, money is made by “buying low and selling high”. True conviction in a long-term bet requires buying when everyone else is selling. It turns out that the stock market crash may just be the buying opportunity that long-term crypto investors have been waiting for.

Could these tokens drop further? Sure. But for those with a long enough investment time horizon, here are three options I think are at least worth a look right now.

Bitcoin (USD-BTC)

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Many experts believe that Bitcoin (BTC-USD) is one of the safest long-term cryptos to buy in the industry. Indeed, from a historical point of view, this thesis turned out to be true.

Bitcoin is the oldest and best known cryptocurrency. With over a decade of charts to watch with this top token, one thing has always held true. Every serious drop in the past has been accompanied by new all-time highs.

The question many investors ask during this bear market is, “Is this time any different?”

It’s a good question. After all, the crypto sector has yet to officially go through a recession. Bitcoin was born out of the Great Recession. It remains to be seen how this token will perform in what could be an upcoming recession.

The size and appeal of this token for institutional investors remains one of the main reasons why long-term investors hold this crypto. Additionally, the number of exchange-traded funds (ETFs) that have been set up to provide investors with access to Bitcoin allow this cryptocurrency to reach institutional investors like no other.

For those optimistic in the long-term thesis behind crypto, Bitcoin remains the best option that retail and institutional investors gravitate toward. If we are heading into a prolonged market crash, it may be the one token that many choose first. This is reason enough for most to consider Bitcoin above all other tokens in this market.

Ethereum (ETH-USD)

Another stylized version of the Ethereum logo

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There’s a reason why Ethereum (ETH-USD) always seems to be on the list of the best cryptos investors can buy. Whether it’s a bull or bear market, Ethereum’s vast ecosystem continues to function and generate utility for its users. Indeed, the major underlying growth indicators that support this network provide some of the strongest fundamental reasons to own a cryptocurrency for the long term.

The second-largest cryptocurrency in the world, Ethereum is a decentralized, open-source network that deploys smart contracts on an unparalleled scale. In terms of DeFi, NFT collections, and a wide range of other interesting utility-generating projects, Ethereum’s network is the lifeblood on which the vast majority of utility is generated via blockchain.

A range of altcoins have emerged to challenge Ethereum’s dominant position in the market. However, over time, Ethereum’s network has held up relatively well. The size and scale of this network in itself provides a defensive position for an investor looking to weather these difficult times.

Additionally, Ethereum’s recent massive upgrade, “merger”, now brings staking to this network as well as reducing power consumption by around 99%. For many who were skeptical of the skill of the developers behind this project or its carbon footprint, the upgrade could be a catalyst for more investors to jump in.

Binance Coin (BNB-USD)

A Binance coin sits in front of the trading charts.

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Binance Coin (BNB-USD) is one of the largest digital currencies in the crypto industry by trading volume and market capitalization. It is also one of the best cryptos to buy and is backed by Binance, the world’s largest cryptocurrency exchange.

Certainly, a growing number of exchanges in this industry are facing financial problems. However, Binance has the resources to weather any cryptocurrency storm.

In addition, this platform attracts a trading volume of tens of billions of dollars from millions of customers every day. Additionally, this project is involved in a range of other utility-generating functions such as liquidity funding, cryptocurrency derivatives, lending, NFTs, and more.

The BNB token is part of a much larger ecosystem that includes the Binance Smart Chain (BSC). For those unaware, Binance Smart Chain is an independent blockchain network that supports several promising tokens. More importantly, every transaction made on the BSC must be settled in BNB. This creates an ever-increasing demand for this crypto.

In the long run, those looking to build a portfolio may want to start with these mega cap cryptocurrencies.

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

Chris MacDonald’s love of investing has led him to pursue an MBA in finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative long-term investment outlook.

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