3 Cryptocurrencies That Will Outlast This Crypto Winter - Our Picks
Here’s a quick glimpse at the top 3 cryptos that will outlast this crypto winter. Find a detailed analysis of each coin in the next section.
Bitcoin - BTC enjoys the leverage of being the pioneer in the market.
Ethereum - The crypto would ensure profitable returns in the long run.
Fantom - One of the fastest-growing layer-1 blockchain platforms.
A Closer Look At The 3 Cryptocurrencies That Will Outlast This Crypto Winter
The entire cryptocurrency sphere has been in the doldrums for most of 2022. Crypto prices were incredibly volatile due to rising inflation, geopolitical wars, and the looming fear of inflation and rate hikes.
Moving on to the second half in November, the market witnessed the meltdown of FTX, one of the largest crypto exchanges. The crash gave bears more reasons to disrupt the stability of crypto tokens and exchanges, worsening the crypto winter.
Now, as we are nearing a new year in 2023, investors are in the hope for a new bull run, wishing that this crypto winter will melt down soon. But what if it still lasts? Do not panic; here are the 3 cryptocurrencies that have the potential to outlast this crypto winter even in 2023.
Bitcoin (BTC)
Bitcoin is not merely the oldest and most popular cryptocurrency but also the most traded crypto globally. It immediately comes to mind as a crypto that will easily outlast even this crypto winter. Although invented in 2009, it started to attract mainstream attraction in 2017. Over time, BTC went through multiple boom and bust cycles and has rebounded again for its next bull run.
Cryptocurrency experts often point out this crypto’s one unique trait of scarcity as the “Bitcoin charm.” It has a limited supply of 21 million coins, and over 19 million are already in circulation. The rising global adoption rate would make the coin more scarce, thereby increasing its demand and price, making BTC the best buy now.
Bitcoin has already been adopted by countries like El Salvador and The Central African Republic as their legal tender, and many others are planning to follow the same suit. Therefore, its adoption has become more sudden than gradual, accelerating at a tremendous pace, thanks to its ease of use, accessibility, and high convenience.
The crypto’s brand reputation and strong fundamentals are key factors in rising retail and institutional investor interest. Multiple renowned firms looking to grow in the crypto market have BTC as one of their investment portfolios, indicating that this crypto is here to stay for a long time.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
The Ethereum network is one of the most outstanding blockchain networks with features like smart contracts, decentralized apps (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs). It marks its position as the leading provider of programmable smart contracts in the blockchain sphere.
Despite the crypto winter, Ethereum executed a long-awaited technology upgrade, the Merge, in September. The platform’s transition from the resource-intensive Proof-of-Work model to a leaner and faster Proof-of-Stake design has been phenomenal and is expected to increase its adoption.
The upgrade has made ETH one of the best sustainable crypto in the market and set the stage for further improvements on the network, like sharding. Sharding will be one of the primary ways the Ethereum network will scale. It splits the main blockchain into multiple chains or shards, increasing the network’s capacity, and speed, eventually reducing user fees.
Buterin also announced that Ethereum is only operating at 55% of its potential even after the Merge, and more updates are in the pipeline for the network. ETH is one of the top cryptos that will outlast this crypto winter as it is building its network for the future, ensuring that it is capable of supporting more users at a faster pace and with cheaper fees.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom is a scalable smart contract platform designed to facilitate the development of DeFi applications. The network aims to overcome the limitations in the transaction speed of other blockchain platforms running smart contracts. Fantom’s speed, high throughput, and low transaction costs make it an ideal choice for DeFi applications and numerous real-world use cases.
Although FTM was trapped in the 2022 market crash, the team successfully managed the implementation of DAG 2.0, making participation in the Fantom network more affordable and accessible. The network has also undergone several other substantial upgrades, bolstering its infrastructure. The developments were intended to supercharge the network’s settlement speed and efficiency for developers.
FTM has come a long way and positioned its place on investors’ radars with a solid community and nearly 24 million unique wallet addresses. With sizable user growth, it continues to cement its position as one of the most trusted layer-1 platforms in the crypto sphere. Even amidst the FTX collapse, FTM managed to have the best outings. According to reports, with over $100 million in stablecoins, $100 million in cryptocurrencies, and $50,000,000 in non-crypto assets, Fantom had one of the best financial reserves in 2022.
The crypto has also announced a new Fantom-Gitcoin grants program, aiming to offer funding to support potential projects building on the platform. The recent developments of the Fantom network have made FTM one of the best cryptos, with notable gains in 2022. Further developments to its network and increased user base would help FTM to outlast even this crypto winter.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Undoubtedly the crypto sector will become an integral part of mainstream financial markets in the future. Therefore, although volatility exists, invest in digital assets with the potential for the long run, such as these 3 cryptos that could outlast even this prolonged crypto winter.
Read More:
Next Cryptocurrency To Explode
11 Most Undervalued Crypto To Buy
Top 10 Most Promising Cryptocurrencies
12 Best Cryptocurrency To Buy Right Now
Top Cryptocurrencies To Invest In