Monday, July 22, 2024

Altcoins That Withstood The Market Crash

Over the years, the cryptocurrency market and its coins have developed a kind of defense mechanism to overcome adversities. Bitcoin and ethereum, the popular most cryptocurrencies, bowed to the impact. Some altcoins also took a hit. But there are some that withstood the pressure and remained sturdy:

Solana (SOL)

Despite it being down by 36.63% in the last seven days, investors see prospects in SOL. The Solana network is quite new and taking the crash head-on, not at all deterred by the impact. Solana’s, as per its market capitalization, is the 8th largest cryptocurrency, just behind Cardano by roughly $6 billion. According to PricePrediction, SOL is set to reach $127.90 in 2022 and in the best of scenarios, it could attain heights of $150.67, with the worst scenario being $123.46. There is an upside of 29%.

Litecoin (LTC)

This has made it to the list of popular altcoins and remains strong. Litecoin, an early fork of bitcoin, was launched by Charlie Lee in 2011. It is used as a currency, a form of payment and for more complicated use cases before the advent of smart contracts. In the 2020-21 period, LTC grew from under $50 to $412.96 hitting an all-time high in May 2021. Litecoin is regarded as a great digital asset for investment. It has long-term potential and is predicted to reach $479.830 by 2027.

Bitgert (BRISE)

This is a “brand new” crypto and looks very promising as it is aimed at improving blockchain technology services. The BRISE token is a payment network cryptocurrency that has a Buyback feature. The token holders, as per Stealthex, can buy, sell and hold this crypto. It can also be used for P2P lending. The developers are working towards making it a payment system, available, worldwide. Moreover, BRISE founders are improving some of its features, such as the Techrate audit.

Cardano (ADA)

Analysts follow Cardano very closely as it gained 600% in 2021 and in a period of 365 days, it garnered 645%. In comparison, bitcoin gained just over 57%. But ADA wasn’t immune to the latest crypto market crash. It has been down by 34.53% in the last seven days. Cardano’s gains have been remarkable. Analysts highlight that on January 1, 2022 ADA was trading just over $1.30 and on January 17th, it crossed $1.50. There was a massive sell-off following the market collapse.

Avalanche (AVAX)

At the time of writing this article, Avalanche was up by 2.29% in the last 24-hours but down by nearly 30% in the last seven days. AVAX struck gold in 2021 delivering a return of more than 39 times and found its ranking in the top 10 based on its market cap. Avalanche is touted because of its blockchain technology that can process over 4,500 transactions per second. It has a super-fast time to finality.

Polygon (MATIC)

This crypto shines brightly and has been riding on the back of blockchain and crypto popularity. Unlike Ethereum, Polygon has a layer-2 scaling solution that makes it possible to process hundreds of thousands of transactions at once. Users can take advantage of the lower gas fees than Ethereum or any other blockchains. Launched in 2019, MATIC token saw its highs in 2021. The coin reached $2.68.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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