Cryptocurrency market It is currently undergoing a serious correction. Although the decline, which started at $ 69,000, turned into a snake story from time to time, there has been a decrease of close to 50% in BTC as of now. So what is the continuation of this decline? to altcoins can you trust?
To see exactly which cryptocurrencies can survive a potential bear market, one has to look at previous rallies and dips.
Table Changes in Altcoins, Cycle Doesn’t
Looking at 17 December 2017, one of the most critical days of the previous rally period, it is seen that the top 15 cryptocurrencies are very different. One of the constants of the Top 10 list at that time Bitcoin Cash, XRP, Litecoin and DASH Some cryptocurrencies, like XRP, have either completely lost their place or taken a huge hit despite staying in the top 10 like XRP.
When we look at a few years after this, that is, just before BTC fell hard with the Covid-19 crisis and started to rise, it can be seen that the situation is almost similar. On June 15, 2020, that is, before the start of the last bull period. XRP, BCH, BSV, LTC and EOS It is seen that leading cryptocurrencies such as these are in the Top 10.
The biggest conclusion to be drawn from this is that some projects that have disruptions in development teams and do not have an innovative technology can lag behind in time.
Which Altcoins to Consider?
Looking at the current top 10 list terra, Solana, Polkadot and Avalanche Projects like this seem to have come a long way. Rooted projects such as EOS, Bitcoin Cash and Litecoin, which caused great excitement and FOMO at the time, were left out of this table.
Looking at the developer activity on Github, it seems that the developer activity of displaced projects such as LTC, EOS and BCH has been stable in the last 2 years. However, in the last 2 years, it is one of the innovative projects that have continuously increased the developer activity. LEFT, DOT and LUNA continued to break records.
Looking at the developer activity in 2021, it is seen that an important signal has been given to investors. Projects that are leaders in total development efficiency in 2021 cardano, affiliated with Polkadot vomiting network, Polkadot, Ethereum, Gnosis and wither it appears to be.
Solana’s innovative and record-breaking transaction-per-second network, Polkadot’s parachain technology, and Terra’s decentralized finance infrastructure, and decentralized stablecoins could make these 3 altcoins stand out in the potential bear market.
The projects that investors can earn the most in the bull market of the coming years should largely be determined by developer activity and roadmap.
In addition to these, it can be said that the total value of DeFi-focused projects and their TVL, that is, the locked tokens, is also important recently. DeFi is advancing at a rapid pace and traditional banks are entering the world of decentralized finance. When the next bull market comes, DeFi may now be used in all areas of life. For this reason, altcoins that offer DeFi infrastructure can offer high earnings.
Metaverse projects, which will continue to be heavily on our agenda in the upcoming period, may also be among the main coins that can rise in the bull season.
For a more detailed guide on this, you can read our article below: