Wall Street endured a bad year, with all three major U.S. stock indexes dipping into a bear market. But that's nothing compared to the struggles of the cryptocurrency space, which shed approximately $1.4 trillion of its market value last year, and well over $2 trillion following its all-time high set in November 2021.

But just as big declines in the stock market are viewed as buying opportunities, sizable drawdowns in the crypto arena may represent the ideal time for digital currency investors to pounce.

The key to finding bargains in an asset class where tangible data can be sparse is to look for projects that deliver true competitive advantages and differentiation. With more than 21,100 cryptocurrencies listed on CoinMarketCap.com, the ability to stand out is where real value is created.

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Source Fool.com