5 Cryptocurrencies Redditors are Buying Before Recession Begins

2. Ethereum 

Ethereum is the largest decentralized application platform in the world and offers more growth potential than Bitcoin, the most popular coin by market capitalization, for investors. This is because Ethereum is on the verge of rolling out a big update that will significantly improve the energy efficiency and speed of the network. As market experts are predicting that the US economy might drop into recession later this year, buying Ethereum at a bargain price now could translate to significant returns in the coming months. 

Ethereum already hosts nearly 3,000 decentralized apps on the network. However, the network can only process nearly 100 transactions per second, resulting in constant bottlenecks. The new upgrade, transitioning from Proof-of-Work to Proof-of-Stake, will likely increase this number to 100,000. The price of Ethereum is also more predictable than Bitcoin since it is tied to real-world use cases. This makes the coin more akin to gold and oil, which are also used to store wealth during crises, than other crypto coins.