Throughout history there have been doomsayers. That’s especially true in bear markets. Crypto prices are way oversold on the RSI and the Fear & Greed Index has been at record lows for weeks now. These conditions have only happened at the lowest bottoms. And yet, some gloomsayers are projecting even further doom.
However, if history is any indication, the markets will soon swing back in the other direction as they always do. Here are three cryptocurrencies that you might want to consider stacking now, before they start to take off again.
TRON (TRX)
Tron’s use case has traditionally been decentralized file storage and content distribution. However, Tron is now working on adding on a stablecoin ecosystem to its Layer-1 blockchain. This is bound to vastly expand the potential use cases — and the demand — for the coin.
Stablecoin are programmed so that their value remains pegged to one U.S. dollar. When the price dips below, TRX holders can buy them on the cheap, and when the price gets overheated, they can be converted back to TRX. The more stablecoins the platform mints, the more demand there should be for TRX.
Even without the stablecoin, TRX already has a history of outperforming other altcoins during bear markets and outperforming Bitcoin and Ethereum during bull markets.
Ethereum (ETH)
In the battle for Layer 1 blockchain supremacy, it’s going to be hard for the rest of the pack to keep up with the leader, Ethereum — especially after the network fully converts to a proof-of-stake consensus mechanism.
The prime smart contract platform has the largest development community and the highest usage of any blockchain. If Ethereum can manage to get its gas prices under control it will certainly pull away from the rest of the pack, so keep an eye out for news on that.
As the market stands today, several crypto analysts are expecting the price of ETH to surpass $10,000 by 2025 and $20,000 by 2030 — a 1600% return in just 8…
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