Ben Armstrong, aka Bitboy Crypto, believes that XRP, DOGE, and LINK are the top 3 altcoins to accumulate in this bear market:
XRP
XRP is the native token of the Ripple blockchain, which is a payment protocol that aims to provide a more efficient and cost-effective way to send money internationally. XRP is often referred to as a "bridge currency" because it can be used to transfer value between different fiat currencies and cryptocurrencies.
The SEC lawsuit against Ripple has been a major overhang on the price of XRP, but Armstrong believes that the worst-case scenario for Ripple is a fine, which would not significantly impact the long-term prospects of the project. He also believes that the SEC's case is weak and that Ripple is likely to win the lawsuit.
In addition to the SEC lawsuit, XRP has also been affected by the overall decline in the cryptocurrency market. However, Armstrong believes that XRP is undervalued and that it has the potential to rebound strongly once the market recovers.
DOGE
DOGE is a meme coin that was created as a joke in 2013. However, it has since become one of the most popular cryptocurrencies in the world, with a market capitalization of over $10 billion.
DOGE is known for its low price and its large and active community. It is also seen as a more accessible and user-friendly alternative to Bitcoin and Ethereum.
Armstrong believes that DOGE is a good altcoin to accumulate in this bear market because it is cheap, has a large community, and is still under development. He believes that DOGE has the potential to become a mainstream cryptocurrency in the future.
LINK
LINK is the native token of the Chainlink network, which is a decentralized oracle network that provides real-world data to smart contracts. Chainlink is used by a variety of DeFi projects, and its LINK token is used to pay for data requests.
Armstrong believes that LINK is a good altcoin to accumulate in this bear market because it is a utility token with a real-world use case. He also believes that the DeFi market is still in its early stages of development, and that LINK has the potential to grow significantly in the future.
Conclusion
These are just three of the altcoins that Ben Armstrong believes are worth accumulating in this bear market. Ultimately, the decision of which altcoins to invest in is up to each individual investor. However, Armstrong's analysis provides some good reasons to consider XRP, DOGE, and LINK as potential investments.
It is important to note that any investment in cryptocurrencies is a high-risk investment. The prices of cryptocurrencies can be volatile, and there is no guarantee that any particular cryptocurrency will appreciate in value. Investors should carefully consider their investment objectives and risk tolerance before investing in any cryptocurrency.