The cryptocurrency market is again declining after a modest recovery almost a week ago. Its total limit has dropped 4% in the last 24 hours, to $915 billion. This represents a 3.5% drop in the last week and a 20% drop in a month. The vast majority of currencies have fallen by similar amounts in similar times, but the ongoing recession increases the chances of a big rebound. In this sense, we have put together a list of the 6 best crypto winter coins to invest in right now.
6 Best Crypto Winter Coins to Invest in
1. Battle Infinity (IBAT)
Battle Infinity (IBAT) is a new play-to-earn gaming platform running on Binance Smart Chain. It launched its pre-sale yesterday, with IBAT available at a price of $0.0015. The sale will last another 90 days and will receive 28% of IBAT’s total maximum supply of IBAT of IBAT 10 billion.
Based in India, Battle Infinity is developing a metaverse where users can participate in a variety of difference games. This includes, for example, the IBAT Premier League, where players’ users build their own fantasy sports team made up of real-life athletes, winning points based on the performance of the selected players.
The platform also plans to include other games in the future, in addition to competitive staking, its own decentralized exchange, and an NFT marketplace. It has serious ambitions to become a rival to pre-existing platforms like Axie Infinity, and given the scale of the project, there’s every chance it could be big enough soon.
2. Aave (AAVE)
AAVE has decreased by 13% in the last 24 hours, but has increased by 6% in the last week. At $66.99, it’s also down 12% in a month.
AAVE indicators have hinted at a recovery in recent days. Its relative strength index (in purple) rose to 60 over the weekend, signaling good momentum. It has since dropped to less than 50, but with AAVE benefiting from some good news recently, it could return to growth very soon.
In particular, the DeFi Aave platform has revealed plans to launch its own stablecoin, known as GHO. This will be guaranteed by guarantees and pegged to the US dollar, and would work in a way not too dissimilar to the DAI. That is, it will be a decentralized algorithmic stablecoin and will attract increased use of Aave. This is undoubtedly bullish for AAVE, as it will be used as collateral for GHO.
Aave remains the second largest DeFi platform in the ecosystem, according to DeFilLlama. Based on the Ethereum blockchain, it represents $5.7 billion in total locked value, most of which includes funds deposited for lending. This figure could increase substantially in the coming months, which is why AAVE is one of our top 6 crypto winter coins to invest in at the moment.
3. Lucky Block (LBLOCK)
At $0.00082479, LBLOCK has fallen 5% in the last 24 hours. It has also decreased by 10% in a week and by 22% in the last 30 days.
LBLOCK is down 91% from its all-time high of $0.00974554, set in February. Historically, such declines have meant market lows, although the current macroeconomic environment may mean it will be a while before things start to rise again.
However, LBLOCK is well positioned to capitalize on an improvement in market sentiment. It has just confirmed a new listing on the stock exchange: MEXC Global. Based in Singapore, this international exchange will open trading for LBLOCK from August 1, opening the altcoin market to increased liquidity and interest.
And it is likely that more exchange lists are on the way for LBLOCK, as an ERC-20 version of the coin will soon be launched. In addition, Lucky Block began conducting regular prize draws at the end of May, awarding $1 million to two winners. Such draws now guarantee a minimum payment of at least $50,000, although this can increase much higher if enough tickets are purchased.
4. Bitcoin (BTC)
BTC has fallen 4% in the last 24 hours, dropping to $19,756. This means that it is also down 2.5% in a week and 30% in a month.
BTC indicators continue to show that the market is overselling the original cryptocurrency. Its RSI is close to 30, while its 30-day moving average (in red) is far below its 200-day average (in blue) as it has been for a long time.
In other words, virtually all available indicators suggest that BTC has bottomed out of the market. This includes stock-to-flow and realized price indicators. Of course, with the global economy going through a period of unprecedented tension, we may not see another bull market for a while.
That said, BTC is the cryptocurrency best positioned to rise at some point in the future, if only because it has historically led all bull markets. It also continues to attract more institutional investment than any other currency, as well as attract more property to countries with severe inflation problems. This is why it is easily one of our 6 best crypto winter coins to invest in now.
5. Ethereum (ETH)
Speaking of undervalued coins, ETH is currently $1,058, which represents a 7.5% drop over the past 24 hours. It’s also down 30% in a month and 78% from its all-time high of $4,878 since November.
ETH indicators also reveal a serious undervaluation at this time. Yet it is questionable whether the altcoin is even more undervalued than BTC, if only because Ethereum is expected to be a massive update by the end of the year.
This is the Merge, through which Ethereum will make the transition to a proof-of-stake consensus mechanism. This will allow it to become more energy efficient and, over time, more scalable, which will increase its usability.
On the one hand, the successful completion of the merger will greatly increase investor confidence in ETH. On the other hand, the introduction of staking will increase the demand for altcoins, and with 10% of the ETH supply already staked on the PoS Beacon Chain, the cryptocurrency could become deflationary. When you add the fact that Ethereum is already the largest blockchain by total locked value, it’s easy to see why ETH is one of our top 6 crypto winter coins to invest in.
6. DeFi Coin (DEFC)
At $0.113198, DEFC fell 4% on the last day. This is in addition to the 10% drop in the last week and 50% in the last 30 days.
The DEFC is also down 92% from its $1.57 ATH, set last July. However, it has increased on several occasions since then, and remains a good prospect for further spikes during the ongoing crypto winter.
For the uninitiated, DEFC is the native token of the decentralized DeFi Swap exchange. In addition to token swaps, DeFi Swaps also provides yield farming and liquidity provision, making it one of the best DEXs out there. According to CoinGecko, it currently lists 17 coins and 45 trading pairs.