XRP, Bitcoin, Binance coin

The crypto market is increasingly showing signs of a positive correlation to the stock markets. That’s because, in all the recent drops in the global stock markets, the crypto market has dropped as well. This has bee the case in the last 24 hours, when the crypto market has been in the red, in tandem with the stock markets, which have also been in the red in this period.  In a scenario where the stock markets correct even further, which would be the best coins to hold, as a safeguard, outside of stable coins like tether? To get some market exposure, while minimizing risks, the following cryptos could be safe bets in an uncertain market.

Bitcoin (BTC)

Bitcoin (BTC) is a key determinant to the direction of the crypto market.  It has also held a significant amount of its value all through 2018. Anyone who has held BTC all through 2018 is not as badly off, as someone with an all altcoins portfolio. At the moment, bitcoin is showing little volatility and has been holding above $6000 for several months now. This makes it a relatively safe hold, even in a scenario where the markets go haywire. While anything is always possible in the markets, there is a good probability that the worst could be over for Bitcoin  (BTC) and that the $6000 level is the bottom. Besides, being the key determinant on the direction of the crypto market, there is a high probability that Bitcoin (BTC) will be the first one to become bullish before the rest of the market follows its lead. It’s definitely a safe bet in an uncertain market.

XRP (XRP)

What makes XRP (XRP)  a safe bet is its utility, which is getting stronger by the day.  While it hasn’t been the best performer in 2018,  something is changing. XRP seems to hold its value even in times when the rest of the market has dropped. It is slowly showing signs of a possible decoupling from bitcoin in the future. For instance, today XRP has been gaining value even as the rest of the market drops. As banks begin to adopt XRapid and use XRP as a liquidity tool, its value in the market could rise significantly, due to the power of institutional money.  XRP is in a good position to survive a market shakedown, especially one that affects banks liquidity.

Binance coin  (BNB)

Binance coin (BNB) has over time proven itself as a worthy crypto to be a worthy hold in times of market uncertainty. It may not make you rich, but it sure holds its value. Anyone holding Binance coin (BNB) for the past year hasn’t felt the effects of the bear market that much. Binance coin (BNB) derives its stability from the fact that it has a strong underlying asset backing it.  Binance is a billion dollar exchange that has assets and a consistent flow of income. This means that even in times of uncertainty, Binance coin (BNB) can hold its value. As a matter of fact, it can even grow in value as investors flee to safety. It did rise in value in Q1 of 2018 when the bear was at its worst.

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