As the cryptocurrency market is showing some signs of recovery, here are some cryptocurrencies you must look into
The crypto market has been facing a bumpy ride of late, as most of the top-notch cryptocurrencies have lost as much as 40 percent of their value in the past couple of weeks. This also includes cryptocurrencies like Bitcoin, Ethereum, Terra, and more. Fear is the biggest factor that drives a bearish sentiment in the crypto market. As Terra fell, crypto investors panicked and started selling other coins as well, eventually crashing the crypto market. There are few cryptocurrencies that are barely hanging at the edge and might fail to survive in this massive bear market. But now, the cryptocurrency market is showing some signs of recovery. This article lists the top 10 cryptocurrencies that might survive a missive market crash.
Litecoin
Litecoin is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee, a former Google engineer. Litecoin was adapted from Bitcoin’s open-source code but with several modifications. Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoin in aspects like faster block generation rate and the use of Scrypt as a proof of work scheme.
Polygon Matic
The Polygon platform operates using the Ethereum blockchain and connects Ethereum-based projects. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain. MATIC is an ERC-20 token, meaning that it’s compatible with other Ethereum-based digital currencies.
Dogecoin
Dogecoin (DOGE) was the first ever meme coin to enter the crypto market. Initially, Dogecoin was created as a joke. However, it seems the cute dog touched the hearts of many as Dogecoin quickly exploded and found itself among the crypto giants. FinTech specialist, Elon Musk, often tweets his support for Dogecoin (DOGE). Each time he tweets, Dogecoin reaches his 50 million followers on Twitter who take the opportunity to grab the coin, resulting in price spikes.
Shiba Inu
Shiba Inu (SHIB) was created by an anonymous person named Ryoshi. It was made to mock Dogecoin but quickly gained traction itself. Now they both sit in the top 20 cryptocurrencies by market capitalization. Shiba Inu is also on a positive trend. It has increased by 1.785% in 24 hours at the time of writing.
Solana
Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (Defi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. It has a circulating supply of 319,790,577 SOL coins and the max. supply is not available.
Cardano
Cardano was founded back in 2017, and named after the 16th-century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th-century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. It has a circulating supply of 33,626,396,776 ADA coins and a max. supply of 45,000,000,000 ADA coins.
Avalanche
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. It has a circulating supply of 245,532,531 AVAX coins and the max. supply is not available.
EverGrow Coin
EverGrow is a deflationary token designed to become scarcer over time through the regular burn. All holders of $EGC will earn an 8% reward from every Buy/Transfer/Sell Transaction in $BUSD. Since its launch, EverGrow has distributed US$37.5 million $BUSD to its holders – the most of any project in history.
Binance Coin
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. As of Q2 2022, Binance Exchange is the largest cryptocurrency exchange in the world, with a volume of US$7.6 billion.
Bitgert
Bitgert (BRISE) is building one of the most complex blockchain projects. The Bitgert ecosystem has the Defi, NFT, and Web3 products which are running on the revolutionary Bitgert BRC20 blockchain. This is the project that is giving many crypto projects a hard time.
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