Tell us about the best altcoin in the current situation.

[Daodex]

I've sold all altcoins since October/November last year and this is the best thing I've done since I knew about crypto, now the market is way down it's better to wait for some time because it's uncertain where we going, I believe recover will come later but now balancing need to take place

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[fatjohn]

If you really want a good altcoin particularly for this situation look no further than GNS.
GNS is the utility token behind gTrade, the decentralized leverage platform of the Gains Network.

People use the platform primarily to leverage trade crypto (you can also trade forex)
The trading is synthetic as in there is no liquidity on the gTrade platform however you open a long on BTC say $1000 at 5x leverage.
Then the smart contract just queries the price and sends your collateral (in DAI) to the vault.
Once you close your trade 10% higher the smart contracts calculates that it owes you $1500 and give you 1500 DAI back (minus fees).
If the total sum of traders lose more than they gain the vault becomes fuller and fuller and at a certain point uses the excess DAI to buyback GNS and burn it.
If the total sum of traders gain more than they lose the vault diminishes and at a certain point GNS gets minted to sell for DAI and replenish the vault.

Overall, leverage traders lose more than they gain and this is especially true in current market conditions.
Over the past month 1.42% of all tokens in existence have been burnt, which gives it a 17% deflation rate (see https://gainsnetwork.io/pools/)
This buyback pressure with funds of losing traders have kept the token afloat and at the time of writing GNS is up 37% YTD compared to -21% for BTC and -34% for ETH.

GNS is really very innovative. This architecture can allow for forex trading, stock trading, commodities trading just as easily as crypto trading and it can provide this on chain from your own wallet whilst you control the keys to all your funds.
No worries about withdrawals, no worries about KYC, scamwick proof since the exchange just queries an aggregate price of 7 exchanges, no borrowing fees get charged because you dont borrow anything, there is no price impact because there are no books, it's fully synthetic, quite low trading fees at just 0..06%... it's pretty crazy if you ask me.

Now it only has 100M Mcap but I can see this become one of the bigger projects of the future.

[Vaskiy]

With the present market scenario we don't know which coin is gonna make a forward push. Each and every altcoin is tied to bitcoin. The market movements of bitcoin gets reflected over the altcoins. As of now the scenario doesn't looks to be fair for different reason. The latest being the Kazakhstan power issues that could stop the mining process. It holds the world's second largest mining contribution.

The Kazakhstan government to regulate and take away the unregistered mining, have taken some steps. This could affect the network, so for now it is good to hold what is available and buy top altcoins, good trading volume altcoins for long term profiting. Never look for immediate return for now.

[Finestream]

With the present market scenario we don't know which coin is gonna make a forward push. Each and every altcoin is tied to bitcoin. The market movements of bitcoin gets reflected over the altcoins. As of now the scenario doesn't looks to be fair for different reason. The latest being the Kazakhstan power issues that could stop the mining process. It holds the world's second largest mining contribution.

The Kazakhstan government to regulate and take away the unregistered mining, have taken some steps. This could affect the network, so for now it is good to hold what is available and buy top altcoins, good trading volume altcoins for long term profiting. Never look for immediate return for now.

I guess its more safe if we focus on what's already on top of altcoins and that is ethereum. Although there are lot of chances that another altcoins will do better and ends up with a high price compared to ethereum, but that will still be too hard to predict this time as we are still in the process of accumulating coins while they are in dips. But if the market recovers and becomes stable, that's the time that we can choose those coins that are doing great compared to those who never made a price increase from the start.

[LastKiss]

I've sold all altcoins since October/November last year and this is the best thing I've done since I knew about crypto, now the market is way down it's better to wait for some time because it's uncertain where we going, I believe recover will come later but now balancing need to take place

Yeah let's wait for the market to stable first then you can choose your favorite altcoins, so right now you have time to do some research, to gather more money to increase your buy power, or even take some holiday if you're so busy watching the market. We should take this one time opportunity to buy the dip while it lasts for some time.

[adzino]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

Maybe do your own research? People over here will only shill for coins that they have invested in. Make a list of coins that you are interested in. Learn about them and pick few coins that you think have the most potential to grow. The dip is the perfect time to buy crypto currencies, but don't put all your investment in altcoins. Better to invest more than half of your coins in bitcoin and ethereum. They are a safe bet long term investment. Have a look at SOL, ADA, DOT and AVAX.

[sheenshane]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

Don't put all your eggs in one basket, a common piece of advice to most investors that could be applied to you.
If I were in your shoes, just give a large allocation to Bitcoin as your investment because everything was followed by the Bitcoin price movement, not the altcoins.  It's hard to determine which altcoins that has potential which is most of them aren't good on holding for the short term.

Top 10 altcoins from the CMC might be a good pick but beyond that, I don't see a potential yet it seems it's a risky part.
Give a full support to Bitcoin and you didn't need to choose which altcoins give a good return.

[Jaered]

I always go for the upcoming blockchains with low cap. Buying coins like algorand, thindercore is always handy and it does a world of good since they really pump well. Throw in some good meme coins and you are good to go

[Bttzed03]

If you are into high risk, high return types of investment, you can choose upcoming NFT projects (preferably P2E) and Metaverse tokens. You can search in different blockchains like BSC, Solana, Matic, and even Ethereum if you don't mind the transaction fees. Just don't expose your money too long because the current market situation is not that positive especially for new alts.

[lalabotax]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

This dropped price really makes most people panic and also feel bad about the dropped portfolio. I myself don't think to buy some new altcoins because it may be also very risky. I have set some fund management to prefer to buy BTC by average. I don't know if this will give me the maximum profits or return But as long as what I buy is the coins that have strong fundamentals, I believe that someday the coins will be back again to the top. again, be patient.

If you are into high risk, high return types of investment, you can choose upcoming NFT projects (preferably P2E) and Metaverse tokens.

This is now also very happening. But we must be also very careful to choose the right NFT. So far, there are so many NFT projects on several platforms that are offered. As you said, they are also high risk.

[the ghabbar]

I always go for the upcoming blockchains with low cap. Buying coins like algorand, thindercore is always handy and it does a world of good since they really pump well. Throw in some good meme coins and you are good to go

what do you mean by blockchain coming up with a low cap, does it have to do with fees for gas or blockchain with a large community?
today no one is able to pump, market conditions are experiencing great turmoil, which forced many coins to not move, in fact almost all existing coins have difficulty getting out of the current correction, then how is the relationship about what I asked.

[bounceback]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

Are you looking for an altcoin for day trading in a situation like this, if so then I think the best altcoins to trade right now are FTM and AVAX because if we look during the downturn, these two coins didn't lose much of their price and both coins are also still able to raise prices quickly when there is a decline.

[justdimin]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

If you have plans of going long term, then there are many choices you can make. One of the altcoins that is really good which we all know is ethereum, and now that the Ethereum 2.0 version is about to be released, I believe that it is really going to be a huge boost on the price of Ethereum in the future. So, if you have plans of investing in the alt coins market, then this would be one choice you will have to consider. And also being the smart chain gives ETHan edge over the others.

The next coin to buy would be Cardano,there is no doubt on this one that it would be good. it has been a huge trend since last year, and I believe that it is also going to continue. Another one would be Solana, and also Avalanche. Having Polygon would also be good.

[Questat]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

It seems like we know what. Actually, if you are willing to invest in the current situation,  you should learn how to minimize the risk and that is by diversifying your investment. Don't talk about altcoin, talk more on altcoins because there are plenty of coins in the market that could provide a return, just DYOR and you'll be fine.

[Jim664]

Here are multiple altcoins are available in dip, But the most impertinent thong is chose a gem with great fundamentals and a proven by its community. i personally think Solana, Links any many others are here for a good entry.

[Johnyz]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

Good project can always give return to you as long as you are willing to hold since the market is still down, you can’t expect maximum profit at this time. I do buy ETH, BNB and SOL because I know profit will come once the market recovers from bear, the best thing we can do right now is to accumulate good coins and hold for a while. Trading can also be profitable on bear trend, as long as you know what to do.

[Renampun]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

besides bitcoin then altcoins that have a large adoption like BSC, Avax, or Solana are good altcoins choices...

Currently almost all Def, NFT and Metaverse projects use a network of the three altcoins above, and that's what makes all three so long-lasting in the market. choose what you think is good for you, don't choose meme tokens.

[Hypnosis00]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

I'm not sure about the maximum benefit but what I looked at in my investment is somehow I can get 50%, which was really satisfying for me. And what I did is to invest in the leading altcoins like BNB and Sol. But anytime, I can make some adjustments and diversification. It is very important to know our situation and we also have to adapt to the changes that we encounter.

I'm not going to stick into a single coin or two, and anytime, I sell them and buy another coin. Well, this strategy seems it works for me and I become profitable.

[Teraboy]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

You can invest in the all of top 100 CMC during the bear market. The only thing that makes it different must be the ability to recover from the dump that happened with it. Im sure that once bitcoin can recover and you will be going to the moon. The maximum benefit can be achieved when you will able to enter at the bottom price. That will give you very huge benefit just like being able to get decent amounts of money once the market was recovering from the bottom. That means it doesn't mean what coins that you intends to buy that as long as it has reached the dip and you're fine with it.

[Rengga Jati]

The market has been going downhill for some time now. In order to get the best return in such a situation, which altcoin should we invest in that gives us the maximum benefit?

It is like asking something that is not sure and very difficult.
If there are people who will ensure you to invest in certain coins with the promise of getting turns of profits maximally with a very high percentage, it is shit enough.
We all know that market is unpredictable, moreover if we see the current market condition. We cannot ensure which is best to determine which will give maximum profits.
if it is about promising coins to have during this dip in order to invest for the long term, it may make sense such as Ethereum, BNB, and some other top coins with strong fundamentals.
But if it is about the best altcoins with maximum turn r profits? Well, that's difficult o tell.