The entire cryptocurrency market is deep in the red with many Altcoins down more than 50% from their all-time highs. But there is some hope with a few indicators flashing that this is a valuable time to be grabbing cryptocurrencies.
In the latest video, Joe Parys, an entrepreneur in cryptocurrency has shared the top 5 bear market-proof altcoins that will outlast this crypto winter and people should buy these cryptocurrencies at the bottom.
HEX (HEX)
The first altcoin on the list to mention is HEX (HEX). Almost a billion dollars has been sacrificed for this new cryptocurrency and more than half of a billion dollars has been sacrificed in HEX. So there’s just not as much HEX that goes around anymore.
People have bought and sold HEX and it’s getting harder and harder to actually get the sacrifice points. The current rate is 10,000 points will cost you $2.88 and it goes longer and longer to get more and more expensive. That’s why HEX has a huge potential to grow in the future.
Kadena (KDA)
The second altcoin on the list is Kadena (KDA). Kadena was founded on the idea that blockchain could revolutionize how the world interacts and transacts. But to get to mass adoption, chain technology and the ecosystem connecting it to the business world needed to be reimagined from the ground up.
Kadena is another blockchain of the future and why this blockchain is it has no cost for its transactions this is going to allow more and more users to come in without having to actually buy and pay.
Kadena is also very scalable and very energy efficient they also have safer smart contracts and it has proven security. In fact, their founders reveal the limitations of existing blockchain solutions and Kadena runs on a proof of work, that is reliable secure, and battle-hardened.
Solana (SOL)
The third altcoin to mention is Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Solana is incredibly powerful because transactions per second are over 2,000 with the total transactions being over 53 billion with the cost per transaction at 0.00025. This is very useful and the cryptocurrency projects are going to be very useful in the future. Solana is at the absolute bottom, so this is the time to buy the dip and sell the top.
Avalanche (AVAX)
The next altcoin on the list is Avalanche (AVAX). Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Users can experience the cool thing about Avalanche. They have a decentralized exchange up running and working that has literally millions of dollars in crypto.
The farm has all of the different pairs for the cryptocurrencies and APY is paid for traders. They have more than half a billion dollars in TVL. This number has gone down with the rest of the market. This shows long-term growth and why Avalanche is the fourth altcoin to mention on the list.
Moonbeam (GLMR)
Moonbeam (GLRM) is the last altcoin to mention. Moonbeam is an Ethereum-compatible smart contract para chain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.
Moonbeam is much more than just an EVM implementation: it’s a highly specialized para chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more.
Moonbeam is going to be the future of multi-chain on Polkadot (DOT). We can only hope and see what will happen as so much can happen here in the next few weeks.
All of these cryptocurrencies are set to potentially even in the short term bounce back as well as make it through this bear market.
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