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Here are some cryptocurrency investments you must consider as the crypto market shows signs of recovery.
Since the beginning of the year, the crypto market has been experiencing a bumpy ride, as most top-notch cryptocurrencies have seen their value plummet by as much as 40%.
The list also includes cryptocurrencies such as Bitcoin, Ethereum, Terra, and others. There are many factors driving the crypto market to be bearish, but fear dominates them all. Due to the fall of Terra, crypto investors panicked and started selling other coins as well, resulting in a crash in the crypto market. This massive bear market may prove too much for a few cryptocurrencies that are barely hanging on. Now, however, there is some sign of a recovery in the cryptocurrency market. There are ten cryptocurrencies listed in this article that may survive a bear market crash.
Litecoin
In October 2011, a former Google engineer named Charles “Charlie” Lee created an alternative cryptocurrency called Litecoin. A number of modifications were made to Bitcoin’s open-source code to produce Litecoin. There is no central authority that controls Litecoin, as it is based on an open-source global payment network. A key difference between Litecoin and Bitcoin is the fact that Litecoin uses Scrypt as its proof of work protocol.
Polygon Matic
With Polygon, Ethereum-based projects can be connected through the Ethereum blockchain. In addition to providing security, interoperability, and structural benefits, the Polygon platform increases flexibility, scalability, and sovereignty for blockchain projects. In addition to being ERC-20-compliant, MATIC is also compatible with other digital currencies based on Ethereum.
Dogecoin
In the early days of cryptocurrency, Dogecoin (DOGE) was the first meme coin. Originally, Dogecoin was intended as a joke. As a result, Dogecoin quickly exploded into the crypto giants after the cute dog touched many hearts. Tesla Motors CEO Elon Musk regularly tweets about how much he supports Dogecoin (DOGE). Dogecoin’s price spikes whenever he tweets, reaching his 50 million followers on Twitter.
Shiba Inu
One anonymous person named Ryoshi created Shiba Inu (SHIB). This mocky cryptocurrency gained traction quickly after being created to mock Dogecoin. Their market capitalizations have now risen to the top 20 cryptocurrencies. Positive trends are also being seen in Shiba Inu. In the last 24 hours, it has risen by 1.785%.
Solana
A decentralized finance (Defi) solution based on blockchain technology, Solana is a powerful open-source project. Solana was officially launched by the Geneva-based Solana Foundation in March 2020 after the initial idea and work began in 2017. The maximum supply is not available for this coin as it has a circulating supply of 319,790,577 coins.
Cardano
Gerolamo Cardano was an Italian polymath who stood out during the 16th century, and led to the creation of Cardano, a cryptocurrency founded in 2017. In honor of Ada Lovelace, the world’s first computer programmer in the 19th century, the native ADA token bears her name. A total of 45,000,000,000 ADA coins are available. A total of 33,626,396,776 ADA coins are in circulation.
Avalanche
The Avalanche blockchain is a layer one blockchain that allows decentralized applications to be built and custom distributed networks to be created. As a rival to Ethereum, it aims to take over the market for smart contracts from Ethereum. In order to accomplish this, it aims to have a high transaction output of up to 6,500 transactions per second, without compromising scalability. There are 245,532,531 AVAX coins in circulation, and the maximum supply is unavailable.
EverGrow Coin
The regular burning of EverGrow tokens makes it a deflationary token that becomes scarcer over time. With every $BUSD Buy/Transfer/Sell Transaction, $EGC holders will receive an 8% reward. A record breaking $37.5 million has been distributed to EverGrow holders since its launch – the most ever distributed by any cryptocurrency project.
Binance Coin
BNB is the symbol used to trade Binance Coin, the cryptocurrency issued by the Binance exchange. With a volume of US$7.6 billion, Binance Exchange is the world’s largest cryptocurrency exchange by Q2 2022.
Bitgert
A blockchain project like Bitgert (BRISE) is one of the most complex ones in the world today. A revolutionary Bitgert BRC20 blockchain powers the Bitgert ecosystem products Defi, NFT, and Web3. There are many crypto projects that are having difficulty competing with this one.
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