The Bitcoin market and cryptocurrencies are in a bearish moment, where prices tend to fall constantly, and instability is the common factor in all investments.
And according to several specialists, this situation will continue for the remainder of the year and a good part of 2023, mainly due to the cyclical factor that the downs and ups in the crypto market tend to have .
With this in mind, below we highlight five cryptocurrencies that present strong evidence that they are capable of withstanding the bearish cycle that the market is going through .
RIPPLE (XRP)
In the first place, we find Ripple (XRP), a cryptocurrency that stands out as the “Bitcoin of banks” by offering an innovative way to make transfers and acquire assets.
It is currently on a weekly bearish streak but with a 12% rise in the last 24 hours, while on a monthly level, it has already risen more than 50% to reach $0.49.
ETHEREUM (ETH)
In second place is Ethereum (ETH), a cryptocurrency that has lost much of its value after going from a Proof of Work (PoW) system to a Proof of Stake (PoS) system through The Merge . Although this fall -which left its price at the US $1,300-data such as the fact that it consumes 99% less energy for its production and is more efficient for the generation of smart contracts makes it interesting crypto in when medium and long term .
SUNSHINE (SUN)
Solana (SOL) is one of the projects that, from the beginning, is seen as the ” replacement of Ethereum, “mainly because of its incredible speed in transactions and accessibility for creating smart contracts.
The problem with this network, which is currently not convincing, is security since it is one of the chains with the most hacks today. Despite this, after showing the ability to maintain its price in the last two market crises, it is seen as safe crypto to invest in this bearish period.
CARDANO (YES)
Another network that seeks to be the new preferred platform when creating cryptographic projects and decentralized applications (Dapps) is Cardano (ADA). Still, despite its advantages, it has not yet fully established itself in the market .
In the last month, the cryptocurrency saw constant highs and lows, with its peak at $0.5 and its price today at $0.43 -while it also came to be worth less-.
BITCOIN (BTC)
Finally, there is Bitcoin (BTC), the most recommended investment if you want to maintain long-term savings because it is the only one that has born stable returns and striking increases for more than 10 years.
While it is now in a major crisis (which could deepen further by the end of the year), the reality is that investing in Bitcoin for the long term almost always results in getting your capital back.
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