Depending on who you ask, some will say we aren’t in a crypto bear market at all, given that the crypto market is worth well over $2.4 trillion at the time of writing. They might say the bull market hasn’t begun, or further still, that we aren’t even in the alleged ‘bull’ market that was predicted for 2024, and we shouldn’t expect that until mid–2025.
So, where should any investor even start?
Well, it’s typically said that hedging is a good approach. Some cryptocurrencies offer robust long-term value, but they might not whet the appetite of the 100x seekers looking for fast profit or those who know how to thrive in volatility.
This list offers something for everyone. We look to the Asian market for this week’s hidden gem and re-approach some good old fan favorites. The top picks to thrive in the crypto ‘bear’ market are:
1. Poodlana
- Solana
3. Bitcoin
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Poodlana – best crypto with 100x potential
Poodlana is following in the footsteps of 2024’s biggest trending meme coins that pump seemingly out of nowhere. Bear market? Don’t be ridiculous.
It’s gone ballistic in the Asian markets, especially Korea and Japan. This might come as little surprise, given it has all the right mix of ingredients: a brand new concept, a massive regional following, and flawless degen humor.
What few people know, however, is that the Asian market heavily influences meme coin trends, with 80% of volume occurring in the Asian region, often before the tokens trend on global markets. This happened with Shiba Inu and, more recently, with PEIPEI, which saw substantial volume in Asia but then pumped once gaining international attention from the 28th of June onwards—a trend that Poodlana could replicate in the latter half of August as the token becomes more widely available when listed on popular exchanges.
Poodlana is currently running its flash presale, which runs for 30 days from the 17th of July until the confirmed listing on the 16th of August. Its cavalier attitude, viral marketing, and haughty dismissal of lesser dog coins are only gaining increasing attention by the day, meriting its tongue-in-cheek title of the haute couture of crypto.
This unique meme coin is our top choice for investors seeking a hidden gem with real 100x potential and significantly higher gains.
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Solana: the best layer-1 for 2024
With a steady market cap and a surge in activity, its transaction speeds and lower gas fees make it a compelling alternative to traditional models, particularly Ethereum.
Solana has seen an uptick in activity, with the 7-day moving average reaching 46 million transactions. That’s about as high as it’s been for the last two years.
This is likely fuelled by the massive increase of Solana meme coins and platforms like pump.fun, which detracts to some extent from some of the real-world utility that has seen predictions of a late 2024 pump, primarily as the network now supports about 50-60 thousand transactions a second. We know Visa has always said it can do 65,000 TPS, and the industry standard has often been set at 100,000 as the TradFi benchmark.
These transaction speeds mean that Solana is quickly becoming a viable alternative to the traditional financial instruments, and the lower gas fees put it in the spotlight compared to rival Ethereum.
Nevertheless, despite the increase in user activity, the market cap has remained stubbornly flat at around $67 billion. This one will likely appeal more to hands-off investors than volatility aficionados scalping short-term trades.
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Bitcoin – the epitome of ‘slow and steady wins the race’
It may not be the rocketship of meme coins, but it’s a solid choice with a price pushing $60K+ and is arguably the safest investment in the current bearish market.
Bitcoin is definitely on the list! It’s not the rocketship you might expect from meme coins, but it’s still pushing a $60K+ price and is by far the safest investment in what is still apparently a bearish market.
Unlike competitor Solana, Bitcoin didn’t quite see the extra lift from meme coins that some expected might have come after the Runes protocol came and silently wandered off earlier this year. So, investment still comes in the form of resilient faith in the OG coin, propped up by the Bitcoin ETF hype and all of the institutional buys accompanying that.
What makes it a solid option is the overall price appreciation and the fact that every analyst in cyclical reports thinks there is potential in 2025 to see it hit peak price.
Nevertheless, in the shorter term, at least, it’s unlikely to pay for all of this year’s sundries with the bears sniffling at the upcoming Federal Open Market Committee (FOMC) in the US when the US earning reports come in. Depending on the outcome, BTC could head downward for a while.
