Explore cryptocurrencies to buy during this bear market for potential 10X gains. Learn why Bitcoin and Shiba Inu are top picks!
With the global cryptocurrency market facing a notable decline, having dropped in market cap by 1.68% to settle at $2.28T, smart investors are searching for opportunities to profit from possible recoveries. Out of many choices, two cryptocurrencies, Bitcoin (BTC) and Shiba Inu (SHIB), are considered potential high-earning options.
Bear Market Crypto At a Glance
Given forecasts indicating potential gains of about 10 times, there are reasons for the market to consider buying these coins during the current bear market.
1. Bitcoin
Bitcoin continues to remain the most preferred cryptocurrency, acceptable as a secure investment during times of market volatility, despite its current value of around $66,000. It has previously demonstrated a constant and strong resilience in recovery to remain on top.
Robert Kiyosaki cautions that the best time to buy BTC is now, in this month of October. He foresees a sharp rise in BTC in 2025, by up to $100,000. He also predicts its further rise as it further becomes renowned as a safeguard against inflation and economic uncertainty, as it continues to elicit market and institutional interest as a digital form of gold, serving as a safeguard against inflation similar to actual gold.
2. Shiba Inu (SHIB)
With Shiba Inu price at $0.000016t9, the dog-themed memecoin has significantly grown to become a widely accepted crypto due to its potential beyond speculation. Recent predictions indicate that the coin would grow to $0.00008 by the beginning of 2025, a possible increase by approximately 444% from its current value.
Shiba Inu’s burn rate has of late shot up to approximately 65,000 tokens burned daily. This could be of great assistance in bringing down supply and increasing demand with time. The growth in burn rate is a positive indication for SHIB’s long-term value.
Buying Shiba Inu offers a strong community, evolving use cases in DeFi, and a low entry price for new investors. The passionate Shiba Army can influence price movements, while ongoing developments suggest future growth potential.
CONCLUSION
In this bear market, Bitcoin and Shiba Inu are cryptocurrencies to buy, for those looking to capitalize on potential rebounds and substantial gains. While Bitcoin offers stability and recognition as the market leader, Shiba Inu continues to leverage its strong community support and evolving use cases.
But remember, the crypto market is highly volatile and no prediction is always 100% correct. Anything can ulter the prediction.
So DYOR.
