Best Layer 1 Crypto Projects To Invest In During the Bear Market

If you're searching for the best crypto to invest in during the bear market, you’ll first want to understand how to differentiate crypto projects from one another. Many of the best cryptos to invest in are Layer 1 cryptos, which include platforms like Bitcoin and Ethereum. The issue with these platforms is that they weren't designed with scalability in mind. 

In recent years, developers have created Layer 2 protocols that use Layer 1 networks for consensus and security. With Layer 2 protocols in place, Layer 1 scalability issues have become less of an issue. We’ll take a closer look at some of the best Layer 1 cryptos to invest in during the bear market.

What Are Layer 1 Cryptos?

The term “Layer 1” refers to the initial layer of a crypto ecosystem or platform. For instance, Ethereum is currently considered a Layer 1 blockchain, with Layer 2 projects that have been placed above it for added functionality.

Layer 2 projects, which can be placed on top of Layer 1 blockchains, include everything from NFTs to decentralized finance (DeFi). In most cases, Layer 1 is the base layer and primary security provider for the entire network. During a bear market, when many cryptocurrencies and projects are declining in value, it's highly recommended that you get back to the fundamentals by placing your investments into Layer 1 projects that have been popular for years.