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Top 5 Altcoins Can Survive In A Bear Market, According to Cheeky Crypto

The market is bloody these days. It’s time to look at the projects, their utilities, use cases, the teams, the technology, and various other metrics we should focus on.

Cheeky Crypto, a Youtube Channel focused on cryptocurrency, has given you a hand by highlighting another 5 projects, let’s check out whether these altcoins can survive in this bear market.

Ripple (XRP)

XRP is the native cryptocurrency of products developed by Ripple Labs Inc, a cryptocurrency payment system. XRP is its “digital asset built for global payments.” XRP would allow users to send money at a very low cost, attracting the potential interest of retail customers and banks alike. A key value proposition of Ripple is its minuscule transaction costs while offering transaction finality of under five seconds.

This project has fantastic technology and a great use case. The team is solid and the reason why it didn’t make the top 10 is that it’s under investigation proceedings between the SEC and Ripple.

The payment rails are broken, Ripple can definitely have an opportunity to fix those issues. That’s why this project is a survivor of this bear market. XRP is trading at $0.5, down 2.4%, and ranking number 6 by market cap.

XRP Chart | Source: Coinmarketcap

Elrond (EGLD)

The second altcoin mentioned on the list is Elrond (EGLD). Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things.

Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost.

There’s no real risk to Elrond. It’s got great funding. They’re doing great with the payment aspect. This is a fantastic project that will do well. This project also has got a really good team, great technology and the use cases are required.

They’ve made some fantastic acquisitions. EGLD is ranked 36th and changing hands at $114.2, up 6.6% even in a bear market.

EGLD Chart | Source: Coinmarketcap

Quant (QNT)

The next one on the list is Quant (QNT). Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.

This is an interesting project with great tokenomics. It’s going to do really well and people should definitely spend some time researching this project. It has got good backup and QNT is ranked 69th by market cap, trading at $74.1, down 7.28%.

QNT Chart | Source: Coinmarketcap

Zilliqa (ZIL)

The next altcoin that can survive even in the bear market is Zilliqa (ZIL). Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

The risk-reward ratio is really really positive for this particular project. ZIL is currently ranked 69th by market cap, changing hands at $0.07, down 1%. This project is going to do really well and it is strong enough to survive in the bear market.

ZIL Chart | Source: Coinmarketcap

Harmony (ONE)

The last one mentioned on the list is Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows the creation of blocks in seconds.

The community is really passionate and ultimately, the team is strong enough to survive even in the bear market. That is why the team is so important when you look at projects. A company or a project needs to have a strong team to carry themself forward the difficulties in the market. That’s what helps a project to survive even in a bear market. ONE is changing hands at $0.06, up 2.27%, and ranking number 80 by market cap.

ONE Chart | Source: Coinmarketcap

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