The majority of the most valuable crypto coin have lost as much as 40% of their value in the last few weeks, which has caused the cryptocurrency market to experience some turbulence. This also covers digital currencies like Terra, Ethereum, and Bitcoin.
The main cause of the gloomy feeling in the cryptocurrency market is fear. Crypto investors panicked and started selling other coins as well as Terra as it plummeted, ultimately destroying the cryptocurrency industry. Few cryptocurrencies are hanging by a thread in this severe bear market and may not make it out alive. But for present, there are some encouraging signals for the bitcoin sector. The top 7 cryptocurrencies that could survive a cryptocurrency market crash listed in this article.
Top 7 Crypto Coins
By former Google engineer Charles “Charlie” Lee in October 2011, Litecoin emerged as a competing cryptocurrency. The open-source code of Bitcoin used to create Litecoin, but changes made. The foundation of Litecoin is the same as that of Bitcoin: an open-source, decentralised global payment network. The adoption of Script as a proof-of-work algorithm and the quicker block creation rate are two ways that Litecoin differentiates from Bitcoin.
The Polygon platform connects Ethereum-based projects and runs on the Ethereum blockchain. While maintaining the security, interoperability, and structural advantages of the Ethereum blockchain, using the Polygon platform can boost the flexibility, scalability, and sovereignty of a blockchain enterprise.
Since MATIC is an ERC-20 token, it can used with other cryptocurrencies based on the Ethereum platform.
The first meme coin to ever join the cryptocurrency market was Dogecoin (DOGE). Dogecoin initially invented as a joke. However, it appears that the adorable dog won over a lot of people because Dogecoin immediately took off and joined the ranks of the crypto heavyweights. Elon Musk, a fintech expert, frequently tweets about his support for Dogecoin (DOGE). Every time he tweets, Dogecoin is seen by his 50 million Twitter followers, who seize the chance to buy the cryptocurrency, driving up its price.
Ryoshi, a nondescript creator, was the brains behind Shiba Inu (SHIB). Despite being created to parody Dogecoin, it immediately became popular on its own. They are currently both among the top 20 most valuable cryptocurrencies. Shiba Inu is also experiencing growth. At the time of writing, it had gone up 1.785 percent in the previous 24 hours.
Decentralized financial (Defi) solutions are offered by the fully functional open-source project Solana, which relies on the permissionlessness of blockchain technology. Although the project’s conception and preliminary work started in 2017, the Solana Foundation, which has its main office in Geneva, Switzerland, formally launched Solana in March of that year. There are 319,790,577 SOL coins in circulation, and the maximum supply is not known.
Cardano was established in 2017 and was given its name in honour of the Italian polymath Gerolamo Cardano. The 19th-century mathematician Ada Lovelace, widely considered as the first computer programmer, is the inspiration behind the naming of the native ADA token. It has a maximum supply of 45,000,000,000 ADA coins and a circulating circulation of 33,626,396,776 ADA coins.
A layer one blockchain called Avalanche serves as a foundation for decentralised applications and private blockchain networks. One of Ethereum’s competitors, it seeks to dethrone Ethereum as the most widely used blockchain for smart contracts. By having a larger transaction output of up to 6,500 transactions per second without sacrificing scalability, it seeks to achieve this. There are 245,532,531 AVAX coins in circulation, and the maximum supply is not known.
Cryptocurrency cannot be eradicated since it was created to be disruptive and usher in a new financial era. Cryptocurrencies won’t come to an end during a bear market brought on by the waxing and waning of conventional macro cycles. Even while some people might lose money, some would HODL, and some might even buy more, cryptocurrency will rebound. For investors, it’s merely a chance to purchase more.
Visit us on: www.bitcoiva.com