The market’s weakest assets incur the most losses during periods of severe volatility. When the bear market hits, you want to make sure you’re not holding bags of the wrong tokens.
During instances of excessive volatility, the value of your portfolio could be halved if you hold assets with poor fundamentals. Certain assets are riskier because there are fewer true HODLers who aim to hold for the long term.
Bitcoin Cash (BCH) is a cryptocurrency that Because it is one of the first and most successful hard forks of the original Bitcoin, BCH has a special place in altcoin history. Because of the decentralized nature of digital currencies, substantial changes to the code underpinning the top tokens or coin in question require widespread consensus; the mechanism for this process varies with every cryptocurrency. When different groups can’t agree, the digital currency is split. The original chain remains loyal to its original code and the new chain starts life as a new version of the initial coin, replete with all of the previous coin’s features. The discussion that led to the formation of BCH revolved over scalability; the Bitcoin network has a block size restriction of 1 megabyte (MB). The block size in BCH has been increased from 1MB to 8MB, with the concept that larger blocks can carry more transactions, resulting in faster transaction speeds. 18 Other changes include the removal of the Segregated Witness protocol, which affects block space. BCH has a market capitalization of roughly $5.3 billion and a value per coin of $280 as of January 2022.
SafeMoon
SafeMoon’s developers and investors severely overhyped it when it initially debuted. “SafeMoon is not just another cryptocurrency,” they say, and “It will alter the world.”
The creators stated that they would create a wide range of products. Examples include wallets, NFT games, an exchange, and an African office.
A SafeMoon game has debuted on the SafeMoon website. A wallet is currently being tested in beta. Several Photoshop mock-ups of how the discussion would appear have surfaced on Twitter.
SafeMoon is a great example of why having a product first is critical. Investors bought it because of the token’s promises, and now it’s plunging in value. It has fallen 87.2 percent from its all-time high.
The computer connected to the internet (ICP)
During its initial coin offering (ICO), this project was known as Dfinity, but it has been renamed for some reason. Some of the most dramatic price fluctuations we’ve seen in this cycle have occurred in ICP. The token’s value plummeted when it was launched around $400, all the way down to $30.
ICP blockster top tokens were unavailable to all retail investors that participated in the project. They were left to collect the bags for the insiders. ICP’s backers, the venture capitalists, deny this. They went on the offensive against day traders instead. They’ve been accused of misusing social media to mislead the public about their initiative.
Ethereum Classic (ETC) is a cryptocurrency that (ETC)
The most important Ethereum has been the focus of all upgrades and developers. Defy, NFTs, upgrades, and so on. The basics of Ethereum are excellent. A lot is going on beneath the surface that you’re not aware of. It has a strong basis with developers and uses cases. It’s all about the show with Ethereum Classic. The price has been rising, but there isn’t much going on beneath the surface. It is slowly fading because no one uses it.
Because it has been riding on the success of Ethereum, the price has risen dramatically. People have also been pumping it up to make quick money. It’s not just the developers who are raising red flags. The old version of Ethereum is also running out of gas.
Luminous Spheres (XLM)
Stellar’s purpose is extremely similar to one of the leading cryptocurrencies in the world. Ripple’s cryptocurrency, XRP, is six times the size of Stellar’s. It also serves as a means of facilitating international money transfers. Stellar was founded by a former Ripple employee who wanted to do something different.
When compared to Ripple, Stellar falls flat. Furthermore, XRP’s future cryptocurrency perspective is more realistic. In terms of scalability and fees, Ripple outperforms. They also develop partnerships with institutional clients worldwide, one after the other. There are no revenue-guaranteed collaborations with XLM.
XRP has a market capitalization of almost $57 billion, while Stellar only has $9 billion. In this segment of the bitcoin market, Ripple owns all of the cards. It’ll only be a matter of time until it begins to serve individuals in addition to its institutional clients. Many believe Stellar will only be able to enjoy itself as long as Ripple’s legal struggle with the US Securities and Exchange Commission (SEC) continues.
SV (Secondary Bitcoin) (BSV)
Following the hard fork of Bitcoin Cash in 2018, this coin was established. “Satoshi Vision” is represented by the initials SV. The fundamental purpose of this coin is to assure stability and scalability, which were issued with the original Bitcoin.
Severe security vulnerabilities have afflicted the BSV network. Throughout July, hackers executed a series of assaults against the BSV network by exploiting a double-spend flaw. As a result of the attacks, many exchanges temporarily halted deposits and withdrawals. Due to security concerns, BSV was even delisted in some circumstances. The double-spend was conceivable because a single mining pool captured 78 percent of BSV’s hash rate. This allowed a hacker from the outside to take control of the network and generate more coins.
Polkadot’s fundamental component is its relay chain, which allows different networks to communicate with one other. Parachains, or parallel blockchains with their own native tokens, are also possible for specialised use cases. Polkadot differs from Ethereum in that instead of only generating dApps, developers can design their own blockchain while still benefiting from the security provided by Polkadot’s chain. Developers can establish new blockchains with Ethereum, but they must implement their own security mechanisms, which could expose new and smaller projects to attack because the larger a blockchain is, the more secure it is.
