Coin Bureau Names Top Altcoins to Invest in During a Recession

February 20, 2023

A prominent crypto expert ranks Cosmos (ATOM) and Algorand (ALGO) among the top five alternative cryptocurrencies to buy in during a recession.

In a recent interview with Altcoin Daily, Guy, the pseudonymous host of Coin Bureau, stated that the decentralized parallel blockchain network Cosmos is at the top of his list owing to its generous staking incentives and formidable development staff.

“I’d be very quick to jump on [ATOM]. I think it’s an amazing project. I love Cosmos. I love this idea of interoperability. There’s some really cool tech there. There’s a great team behind it and also, I must say, a really good community behind Cosmos as well… There are some amazing returns on staking ATOM at the moment.”

At the time of writing, the price of Cosmos is $9.12.

He then selects the Ethereum (ETH) competitor Algorand, stating that the blockchain is positioning itself well for the next crypto bull market.

“Algorand is a really interesting potential play for the next bull market. I think we could see a lot of really cool, really interesting, really successful projects develop in its ecosystem during that time. I think it has a good shot as one of these non-EVM (Ethereum virtual machine) chains as well. I think that positions it really, really well. There seems to be a lot of developments and strong community behind ALGO.”

At the time of writing, ALGO is trading at $0.170 per share.

Additionally, he selects the distributed data storage network Arweave (AR).

“Arweave is a project I really, really like. I think it’s got an amazing use case. Again, amazing tech and team. So a lot of those fundamentals match up for me.”

At the time of writing, the exchange rate for AR is $6.62.

Guy redirects his attention back to Cosmos in order to include either Osmosis (OSMO) or JUNO (JUNO) on his list of the top five cryptocurrencies.

Osmosis is an automated market maker protocol built on the Cosmos software development kit (SDK) that enables players to produce liquidity and trade interblockchain communication (IBC) protocol-compatible cryptocurrencies without friction. JUNO is a proof-of-stake blockchain meant to serve as the Cosmos ecosystem’s cross-chain smart contract hub.

OSMO is currently priced at $0.745 while Juno is valued at $1.18.

Aave (AAVE), the popular decentralized finance (DeFi) lending and borrowing network, rounds out Guy’s top five.

“I think DeFi’s time is going to come again. I think DeFi is going to be a big narrative of the next bull market. AAVE is a really well-established project. The fundamentals are in place there. And I think it’s one of these ones that’s definitely going to stick around, definitely going to be one of the survivors of this bear market.”

At the time of writing, AAVE is being traded for $55.67.