Top 5 Crypto to Accumulate Ahead of Bull Market

by Arthur · April 24, 2023

The crypto market has slowed significantly over the past week, and digital assets in the space are suffering as a result. But while times like this can be discouraging for investors, they also provide a unique opportunity to enter the market at low and favorable prices before the next stage. Thus, here are the 5 best coins to collect before the next bull market.

Table of Contents

Bitcoin (BTC)

Bitcoin (BTC) is a no-brainer when it comes to the cryptocurrencies to accumulate in anticipation of a bull rally. This is because the asset is more often than not the one driving the rise of the rest of the market. As a result, Bitcoin will almost certainly move before the rest of the market.

Furthermore, it is the largest cryptocurrency on the market. As the most reliable of all digital assets, it is the safest option, especially for those who do not want to take too much risk with altcoins. Bitcoin has already proven its ability to recover time and time again, and this time is no different.

Ethereum (ETH)

Being the second largest cryptocurrency in the space and the leading altcoin has earned Ethereum its respect. This is an altcoin that has managed to outperform Bitcoin on a year-over-year basis and has ushered in the decentralized finance (DeFi) and non-fungible token (NFT) market.

For Ethereum, as long as Bitcoin moves, it is almost guaranteed to move as well. This close correlation with the movement of BTC ensures that when the rally begins, ETH will be right behind Bitcoin with the gains.

Litecoin (LTC)

Litecoin sometimes manages to fly under the radar, but the coin has proven to be a good alternative over the years. It works in a very similar way to Bitcoin, but is much cheaper and faster compared to the pioneer cryptocurrency.

One thing that makes Litecoin a bargain right now, though, is the fact that the halving is almost here. Just like it is with BTC, the LTC halving is very bullish for the cryptocurrency. Expected to take place in early August, it is a catalyst that could potentially push the price of the digital asset above $120 very quickly.

Dogecoin (DOGE)

Dogecoin is on this list because of Elon Musk’s affinity for the meme coin. Now, to many, this is a coin with no utility whatsoever. However, the crypto market has proven many times that for the majority of investors it is less about utility and more about the possibility of profit.

DOGE has been able to outperform many of its larger peers due to Musk’s support in moving the price to different prices, and this time is no different. For Elon Musk’s proclaimed favorite cryptocurrency, investors can expect more upside for this coin, and even better movement once the bull market begins.

BNB (BNB)

Binance’s native cryptocurrency has been one of the most consistent performers on the market. It went from double digits at the start of the last bull run to over $700 at the top. Expectations remain the same for the next bull market as BNB is predicted to break above $1000 this time.

Binance’s scheduled quarterly burnings of the token also work in its favor, and as the crypto exchange removes tokens from circulation every three months, the value of the coin increases. This makes it a good choice to continue entering the next bull rally.

The crypto market

At the moment, the crypto market is still trading sideways and has not shown any signs of a move either up or down. But with the next Bitcoin halving approaching in 2024, expectations are high for the market to climb to new records.

Nevertheless, it is still important to invest responsibly and practice adequate risk management due to the volatile nature of cryptocurrencies. In this way the possibility of profit is not eliminated, but the possibility of loss is well managed.