**The Best Cryptocurrencies to Buy Now in the Bear Market**
**Polygon (MATIC)**
Polygon (MATIC) is a high-cap cryptocurrency that has seen a 31.5% loss in value over the year. However, with the stability of the broader market, MATIC is expected to make a recovery and regain its losses. It’s important to exercise patience and wait for the breakout point before buying MATIC.
The MATIC price has been impacted by the broader market downturn but recent developments such as the launch of Polygon zkEVM, Polygon ID Release 4, and the Uptrip Loyalty Program are expected to fuel its price action. While it’s uncertain if MATIC will reach $1, it is within reach.
**Chimpzee (CHMPZ)**
Chimpzee is a unique wildlife conservation token that aims to use blockchain technology to bring more energy to wildlife conservation and ecological regeneration. The token benefits from the decentralized nature of blockchain technology and taps into the popularity of crypto incentivization to engage a younger demographic.
Chimpzee has introduced three platforms – Chimpzee Merchandise Store, Zero Tolerance Game, and Chimpzee NFT Marketplace – that provide passive income opportunities for users. The CHMPZ token is currently in the public presale stage and has already initiated environmental goals such as restoring Brazil’s rainforest and saving elephants.
**Cardano (ADA)**
Cardano (ADA) has experienced a steep dip of 38.81% over the year, making it one of the least-performing cryptocurrencies in 2023. However, with the upcoming Cardano Summit 2023, ADA is preparing to reverse its losses. The summit aims to raise awareness about Cardano and educate both the crypto and traditional communities on blockchain and DeFi.
The partnership with CoinDesk Studios as an official sponsor and media partner will improve Cardano’s social visibility. A price correction has been overdue for ADA, and it is expected to touch $0.65 by the end of the year, with a more realistic prediction of $0.45.
**Hot Take: Which Crypto Coin to Invest in During the Bear Market?**
If you’re looking for a high-cap cryptocurrency, MATIC is a good choice with exciting milestones ahead. However, the potential returns may be below 50% due to market saturation. Chimpzee shows promise as an early-stage development project with a lower market cap, making it favorable for early investors. The project’s partnerships with global brands will play a crucial role in its price action on the initial exchange listing.
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