The economy isn’t immune to crises. The economic cycle is a relatively predictable albeit irregular pattern that it frequently follows. Investing during a crisis can be tough. Bearish trends can go on and on. However, some cryptos are relatively immune to the ups and downs of the economic cycle.
The crypto trading volume has exploded since 2020, and crypto exchanges are seeing a significant rise. This guide will talk about the best crises-proof cryptos you can buy.
What are the crises-proof cryptos?
Recent developments such as regulatory talk, Federal Reserve tapering, and rate rises have scared the digital currency industry. There is also worldwide inflation, a conflict in Ukraine, and other economic and political issues. In times like today, investors flock to safe havens, and crises-proof cryptos are one asset that investors consider these days.
For example, Ethereum outperformed in 2021, returning 399.2 percent due to the adoption of NFTs and the development of DeFi 2.0 protocols such as Olympus.
Top five crises-proof cryptos to trade & invest
Now that you know what crises-proof cryptos are, let’s move on to some of the best crises-proof cryptos you can buy.
Bitcoin (BTC)
Since it has seen it all, Bitcoin has been one of the strongest crisis-proof cryptos. The currency was the catalyst for the crypto boom. Therefore it has been subjected to practically all of the market’s volatility.
What it’s about?
With more than $860 billion, Bitcoin is both the first cryptocurrency and the most valuable crypto globally. Because many businesses currently accept bitcoin as payment, this cryptocurrency is a wise investment. Visa, for example, accepts Bitcoin transactions. In addition, larger banks are also beginning to include bitcoin transactions in their offers.
Most special aspect
Bitcoin has always demonstrated its capacity to recover. As it became a household name, its price rose. In May 2016, you could buy BTC for around $500. A single Bitcoin was worth more than $46,300 in April 2022. That’s a more than 9,000% increase.
Price-performance
Bitcoin’s price has dropped 6.56% in the last seven days. However, in the previous 24 hours, the price has risen by 2.01%. The current purchase price is $39,688.11. Bitcoin has fallen 42.31% from its all-time high of $68,789.63.
Bitcoin (BTC) price prediction 2022
According to the 1Ychart, the price of BTC is expected to rise between $50,000 and $100,000 by the end of the year.
Ethereum (ETH)
Ethereum remains one of the most crisis-proof cryptos because of its sound fundamentals.
What it’s about?
ETH is a decentralized computing platform that accepts Ether as a form of payment for transaction fees.
In addition, developers may use Ethereum to run decentralized apps and create new crypto assets known as Ethereum tokens.
Most special aspect
ETH is still innovating as it prepares for the Merge update. As the summer of 2022 progresses, it will become even more simplified and user-friendly, contributing to its growing appeal.
Price-performance
In the last seven days, the price of Ethereum has declined by 7.06%. However, in the previous 24 hours, the price has risen by 1.25%. The current price is $2,926.10. ETH has fallen 40.18% from its all-time high of $4,891.70.
Ethereum (ETH) price prediction 2022
According to the 1Y chart, the price of ETH is expected to rise between $6500 and $7500 by the end of the year.
Binance coin (BNB)
The Binance Coin is a native coin of Binance, the largest crypto exchange in the world.
What it’s about?
BNB has grown beyond just swapping on Binance’s exchange platform since its introduction in 2017. Now you can use it for payment processing and even organizing trip plans. It may also be traded or swapped for other cryptocurrencies like Ethereum or Bitcoin.
Most special aspect
Binance coin has shown to be one of the most solid investment alternatives due to its success. In 2017, the price of BNB was only $0.10. However, its price had surged to nearly $445 by the beginning of April 2022, a gain of approximately 445,000 percent.
Price-performance
In the past seven days, the price of BNB has declined by 4.21%. In the previous 24 hours, the price has risen by 3.52%. The current price is $403.50. BNB is down 41.60% from its all-time high of $690.93.
Binance (BNB) price prediction 2022
According to the 1Ychart, the price of BNB is expected to trade between $400 and $500 by the end of the year.
Tether (USDT)
Tether is a stablecoin crypto designed to keep cryptocurrency prices stable.
What it’s about?
USDT was developed to provide users with stability, transparency, and low transaction fees by bridging the gap between fiat currencies and cryptos.
Most special aspect
Unlike others, Tether is a stablecoin, which is backed by fiat currency USD. In principle, this implies Tether’s value should be more consistent than other cryptos, and it’s preferred by investors concerned about other coins’ excessive volatility.
Price-performance
Tether’s price has dropped by 0.02% in the last seven days. The current price is one dollar. Tether is now 18.03% lower than its all-time high of $1.22.
Tether (USDT) price prediction 2022
According to the 1Ychart, the price of USDT is expected to trade between $1.08 and $1.59 by the end of the year.
Solana (SOL)
With almost $42 billion, Solana is the fourth-most worthy crypto, excluding stablecoins.
What it’s about?
Solana, which was created to support decentralized finance (DeFi) applications, apps, and smart contracts, is based on a unique hybrid proof-of-stake and proof-of-history method that allows it to execute transactions rapidly and safely.
Most special aspect
Since its introduction in 2020, Solana has shown to be a crisis-proof cryptocurrency. SOL’s initial price was $0.77 when it was released. By April 2022, its value had risen to around $136, more than 17,500%.
Price-performance
Solana’s price has dropped by 8.93% in the last seven days. In the previous 24 hours, the price has risen by 0.25%. Solana is down 61.91% from its all-time high of $260.06.
Solana (SOL) price prediction 2022
According to the 1Ychart, the price of SOL is expected to trade between $80 and $130 by the end of the year.
Final thought
The crypto market has become a household name. With inflation, war, and volatility, investing in crises-proof cryptos can be your best bet. Before jumping into crises-proof cryptos, develop the proper trading plan.
