The crypto market took a break after a run. The leading cryptocurrency Bitcoin managed to hold the level of 30 thousand dollars, even though it is in the red zone. The majority of the leading altcoins are also holding their resilience. In this environment, a veteran trader highlights an interesting fact about 4 altcoins besides Bitcoin.
“Bitcoin and these 4 altcoins have survived the cycles”
cryptocoin.comRegulatory pressure continues to affect the market. However, the leading crypto Bitcoin is struggling and showing resistance at the $30,000 level. Both macroeconomic and regulatory pressure resulted in some projects being removed from the market. However, according to veteran crypto trader Ran Neurer, five cryptocurrencies that have survived multiple cycles are in the spotlight. The trader names Bitcoin (BTC), XRP, Litecoin (LTC), Dogecoin (DOGE), and Ethereum (ETH).
Brave the strong winds: Ripple (XRP)
We start with Ripple (XRP), as the leading altcoin Ethereum is already known to everyone. The durability of XRP over the years is also reflected in its ranking in the crypto market. The altcoin has weathered some pretty tough storms. Thus, it has managed to stay among the top 10 cryptocurrencies for over a decade. XRP Ledger first hit the market in June 2012. In this context, XRP recently celebrated its 11th anniversary.
The altcoin price has experienced ups and downs throughout its 11 years of existence. During the 2017 bull market, it was up nearly 32,000%. In this process, it reached a high level of $ 3.84 on January 4, 2018. However, in December 2020, the Ripple-SEC case came to the fore. Immediately after this development, the altcoin price dropped to $ 0.16. Despite this, XRP has maintained its place among the top 10 cryptocurrencies by market cap. XRP was the third largest cryptocurrency in December 2020 after the SEC filed a lawsuit against Ripple. It is currently the sixth largest cryptocurrency with a market cap of $24.9 billion.
These altcoin projects are also solid: DOGE and LTC
The original meme coin, Dogecoin (DOGE), is the eighth largest cryptocurrency by market cap. Software engineers Billy Markus and Jackson Palmer created DOGE in 2013. The inventors created DOGE to make fun of the crazy speculations in cryptocurrencies at the time. That’s why Dogecoin has the original title of “dog coin”. However, Dogecoin has reached its current market cap of $9.37 billion in almost a decade. Thus, it recorded incredible growth. In other words, the ‘joke’ has become reality. The meme coin has captured the position of the second largest Proof-of-Work (PoW) Blockchain after Bitcoin after Ethereum switched to Proof-of-Stake (PoS) via the “Merge” upgrade in September 2022.
Litecoin is touting itself as the only Blockchain with more than 11 years of continuous uptime. In this context, the altcoin underlines that it has never been interrupted for more than 11 years of uninterrupted operation. Last month, Litecoin registered one million transactions. It also hit an all-time high in payment usage and day-to-day transactions. Thus, it recorded impressive growth. Litecoin also reached a record milestone with 200 million total addresses.
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