Poodlana (POODL), Uniswap (UNI), Solana (SOL): 3 Cryptos That Would Thrive in a Bear Market

Most investors are never excited when crypto bear markets rear their ugly heads. But for the educated few, they present incredible opportunities.

Most investors aren’t excited when crypto bear markets show up. But for the educated, they present incredible opportunities. With Bitcoin slumping recently, the threat of a bear market is always present, but if you’re educated, then the market’s loss can be your gain.

Our experts have immersed themselves in whitepapers, charts, communities, and more, so you don’t have to. The result is this fine selection of crypto picks that will help you keep your head while others are losing theirs and your bag thriving during the next crypto bear market.

Why we think these 3 cryptos would thrive in a bear market

All three offer at least one of the following characteristics: strong underlying utility, strong fundamentals, and the potential for virality.

The 3 top picks for a crypto bear market are:

Poodlana (POODL): The Hermès of Crypto

Uniswap (UNI): Dominating the Dexes

Solana (SOL): Freeing traders from high transaction fees

Poodlana: The Hermès of crypto

Strutting majestically onto the scene, Poodlana is shunning the cartoonish branding trap many SOL meme coins fall into in favor of something much more glamorous. It’s aligned itself with luxury fashion and poodles—not dull doges that are so last bull run.

This clever move is a genius strategic marketing tactic to hone in on the Asian market and its obsession with luxury fashion and toy poodles. With data indicating that 80% of meme coin trading takes place during Asian hours, the coin that feeds this market’s desires has 100x potential stamped all over it.

Poodlana’s alignment with high-end fashion, thanks to its exclusive 30-day presale, primes it perfectly for bear market resilience. Luxury goods are one of the few recession-proof industries out there, with products possessing a unique capacity to appreciate over time. And what does this mean for Poodlana? Well, bear market-shmare market. Nothing will stand its way.

Plus, the Asian meme coin market is looking anything but bearish. This powerful sector retains its impressive numbers, despite its key players being barely a few months old. Take Biaoqing—a coin based on one of China’s most popular memes, which recently shot past the $50 million market cap mark; or coins like Chinese Andy and PeiPei that have recently delivered +200% and +500% gains respectively. With precedent like this already set, Poodlana’s ascension could be all but guaranteed.

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Uniswap - dominating the Dexes

Most readers will be familiar with Uniswap as the leading DEX (currently with 40% market share in terms of DEX trade volume). It overcomes the liquidity issues some centralized exchanges experience with a clever automated liquidity protocol. This protocol rewards people trading on its platform to encourage investors to act as liquidity providers. At press time, it’s priced around the $8 mark, with a healthy trading volume of around $170 million, and is down from its 3-month high of $11.52, indicating that there may be room for growth in the mid-term. The drop in price was likely a result of the recent Wells notice from the SEC, but if Ripple is anything to go by, overcoming this could see the token price quickly recover. This might be likely given that Uniswap is, after all, a US-based company. And with the upcoming elections looking more and more pro-crypto by the day, especially amidst a potential Trump victory, the SEC may drop its case in due course.

Even in bear markets, traders will trade. Investing in Uniswap is a solid tactic for ensuring you’re backing the company selling the shovel that an entire industry uses to dig for gold.

Solana

This “Ethereum killer†has had quite the year. Thanks to Solana’s low transaction fees, a flood of meme coins launched on its blockchain in 2024, causing Solana to sit, at press time, at 450% year-on-year gains. Between April and May, nearly half of all new tokens created were on Solana, and Solana tokens have been pumping at twice the rate of ETH-based tokens in recent months.

Solana’s low transaction fees can help minimize the headache of bear-market investors. Those wishing to make lower-risk bets will want to minimize their transaction fees and, all things being equal, likely opt for promising Solana projects over those on Ethereum.

This year has been the year of ETFs and when we’re reviewing 2024, any strong BTC and ETH prices will likely be linked to their respective ETF approvals and launches. Since a Solana ETF has just been filed for, the same fortune looks like it's brewing for Solana. Bear market or bull market, ETF approval has the power to