Top 5 cryptocurrencies that will survive

Which cryptocurrency will survive?  The question is a bit of a Russian roulette since there’s nothing more unstable than the crypto market. It’s difficult to foresee what’s going to happen to 1,385 coins circulating on the market. However, together they constitute multi-billion dollars in total. Some valuations seem groundless like the one of Dogecoin. Intended as a parody, it has a current value of $1.6 billion. Herewith, traders cannot figure out its real use case to explain such valuation. 

Experts from CoinDesk say that ninety percent of cryptos will not reel from a market collapse. Survivors will prosper, bringing great rewards to early backers. Those rewards promise to be significant. According to RBC Capital’s predictions, the market will make up $10 trillion for digital assets. 

However, no one can predict which crypto will survive for sure. No currency has become widespread. Although BTC is the star in the crypto realm, it still faces scaling problems, such as onerous transaction commissions and slow performance. 

Jake Brukhman, the expert in blockchain technology and investments and owner of Coinfund, states that essential determinants are not mirrored in actual assessments of cryptos. Awareness and buzz around cannot guarantee adoption. But it’s rather sentiments about decentralized systems that define now the value of cryptocurrencies. 

Reflecting on cryptos’ potential

Experts from CapLinked – a virtual room data solution provider –  outlines three areas that traders should pay attention to prior to investing funds in the asset kind. The first area is the expertise that founders and project teams gained over the years of cryptocurrencies and blockchains boom. 

The industry is closely interconnected with established ones. For example, smart contracts serve to make different elements work together within established industries. Thus, expertise and competency in the field matter. To find out which crypto will survive, investors should ask about the team’s experience in the domain and check if they have been involved in relevant projects. 

The terms of offerings are the second pivotal aspect to look closely at. Herewith, backers should factor in the funds raised and the percentage paid to them. Traditional metrics used in stocks do not work here. Crypto markets proved to work by another scenario: creators might ask for financing prior to having any stable customer base or project success. 

Christopher Grey, one of CapLinked’s founders, says when aiming to shift the whole finance world, the money raised speaks volume about the project’s prospects. Besides, there shouldn’t be a huge disconnect between the sum raised and the plans for the venture’s future. Simply put, the more defined the purpose of the company, the more chances it has to succeed. 

As a final point, backers should peruse the technology offered to the market. If users just see a concept, a white paper but nothing tangible is built, they will end up just believing in the team. Teams might be promising but the product speaks for itself. If the product is well defined, find out how it works. 

Best cryptocurrency to invest in 2021

Which cryptocurrency will survive to invest in in 2021? There are more than seven thousand cryptos in the market, which seems overwhelming for investors. Here’s the list of the most promising cryptos that are not just ‘survivors’ but have all the chances to prosper in the future.

Bitcoin

From a US$0.008 price point, the coin has skyrocketed by 9 million percent. Four years ago, it gained US$20.000 within a week. A year ago, Bitcoin reached its peak of US$65.000 in spring. Because of the Chinese punitive measure, the token’s price dropped to US$30.000. But now it’s regaining and getting its US$40,000 price point. Investors willing to cash in on the coin’s success saw great opportunities thanks to the price drop. 

Ethereum

 If the market crash happens this week and you ask which cryptocurrency will survive this week, it definitely will be ETH. Ethereum harbors blockchain-based apps effectively and is considered the heart of quickly developing DeFi. The latter brought many benefits to the platform, especially a significant price increase of $4.350 this spring. If new advancements are showing up soon, the value will skyrocket again.

Ripple

The coin aims to become a go-to cross-border payment solution, which makes it stand out in the pack. The digital asset allows quick and cheap fiat currency and digital assets transfer. This adds to its establishment as a utility coin for such purposes. Thus, it’s smart to purchase it or at least keep an eye on this project. 

Dogecoin

 The worth of the token has surged by 15.000% over the last six months. This made the coin enter the top 5 cryptocurrencies list based on the market cap. Although it experienced a drastic decline due to a market collapse, experts are still convinced the crypto will regain its position as the buzz around the project is not going to die down any time soon. 

Litecoin

The venture strives to deliver a high-performance, safe, and cheap payment platform. According to Bitcoin’s protocol, in 2021 Litecoin has already experienced ebb and flow. First, the worth was $124.31 in early 2021, then it grew up to $359.33 in spring and then decreased because of the market downfall. The crypto will shine again for sure, and investors hurry to get it at a lower price. 

Which cryptocurrency will dominate?

How many cryptocurrencies will survive or dominate? For sure, it’s Bitcoin. Here are a few aspects that prove that. First and foremost, compared to other coins, Bitcoin is strongly supported by traditional institutions. The founder of Tudor Investment, Paul Tudor Jones, states that BTC is going to play long on the market. 

MicroStrategy Inc., a company delivering BI, cloud-based solutions, and mobile software services, has purchased $250 million worth of BTC with its cash funds. What’s more, the U.S. government announced that banks could custody the coin for their clientele. Thus, BTC gets more support than any other crypto.

Emerging markets actively exploit BTC. A well-known company in Arica, Paxful, excels in peer-to-peer exchange across the continent, mainly residents of Nigeria trade with the Chinese by using BTC. 

The coin is also well-known in South America. In the U.S., the Square Cash app is a go-to program to purchase BTC, and it gets more and more users that allocate to BTC with the app. In spring 2020, the BTC inflation rate decreased by 50%. This coincided with the time when the central bank’s cash printing was revving into gear.

Money printing is not going away any time soon. The Federal Reserve keeps supporting the system by putting in trillions of dollars. This, in due turn, stimulates many investors to secure their funds in scarce assets. 

How many cryptos will survive?

No one knows the answer to this question but experts all over the world come to a common conclusion: one or two percent of the current quantity will sustain. Besides, an on-point question here is which cryptocurrency will survive the bubble.

As the ICO bubble demonstrated, tons of ventures do not have real usage or fundamental technology. It’s just an insignificant number of projects that offer real value in the long run. So, there’s no common opinion here. For now, it’s safe to diversify a portfolio and keep holdings in a reliable wallet or exchange account. 

Top 5 cryptocurrencies that will survive

We’ve already mentioned BTC, LTC, and ETH as the most potential survivors. Here are other top five that have all the chances to outlast their counterparts. 

NPXS

The mission behind the project is simply to make cryptos a common use payment method amongst retailers and customers. The team integrates crypto technologies in cards and tools for XPOS point of sale. Also, it develops devices that use the token to trade real products and services. 

HTML Coin

Initiated in 2014, the project with the HTML coin brings the mojo of HTML into the crypto realm. This allows creating an accessible and public business model for the digital era with blockchain at the very core. The token is supposed to deliver the best of the two greatest projects – Ethereum and Bitcoin – and make their one more efficient, user-friendly, and secure.

LCX

It’s an exchange-based coin – the trend that is gaining momentum right now. The Liechtenstein Cryptoassets, the first global licensed security coins exchange, has developed its native token – LCX. In fall 2018, the token got a Business License from the Liechtenstein Ministry of Economic Affairs. Thus, it seems institutionally supported and capable of doing fun in the long run.

Zcash

Forked from Bitcoin, the token was yet trading higher than its father’s price. It survived backdoor, trusted set-up, and other safety accusations and got significant support from the darknet and many privacy-oriented users. Currently, it joins the list of top ten cryptos in respect of daily transactions.

Tezos

It is a serious competitor to Ethereum. It does the same thing with smart contracts and dApps. But it claims to deliver more scalability and regulation to contribute to more evolving by ramping up itself. The platform already delivers more than Ethereum – solutions for on-chain management, formal code check, etc. Besides, it is well-financed and got $232 million at ICO.

What about altcoins?

Which altcoins will survive? Some altcoins are doing fine, while others seem to die any time soon. When we mean smart contracts, obviously Ethereum, Cardano, Tron, Tezos stand out from the pack. For now, it’s pretty clear that Ethereum leads the game. 

XRP seems to have the same purpose and technical functionality as XLM does. But it didn’t contribute great value. Besides, the SEC litigation against the company for delivering unlicensed securities rains on the coin’s parade. Thus, XRP won’t outshine the decentralized XLM or BTC with its Lightning Network.

In terms of privacy, Grin, Zcash, and Monero are just the leaders. The latter has a bigger market cap but Zcash gets more support from institutions. Considering these factors, it’s literally impossible to assess what’s going to happen.

To sum up, to predict which cryptocurrency will survive in the future seems hard to know. But it’s definitely the one with a big deal of a budget, widespread use, and a large ecosystem of fans supported by a serious team. 

Conclusion

Obviously, there’s hope for cryptocurrency. But time and market collapses test the value they deliver, the technology built-in, ecosystem of users, team’s engagement, etc. As long as people need smart contracts, cross-border issuing, strong value offers, quick transactions, decentralized solutions, and so on, cryptos will be in demand. Also, cryptos should have real-world use cases. 

Another strong point here is governmental adoption. China is developing a digital currency, and the U.S. Federal Reserve seems to have positive shifts in this matter. One thing is clear here: cryptocurrency is the future, so is blockchain. 

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.