The past few months have been tough on cryptocurrency investors. After reaching all-time highs in December, prices have been in free fall, with the total market value of cryptocurrencies falling from over $800 billion to around $250 billion. While the market has shown some signs of recovery in recent weeks, with prices climbing back, many investors remain cautious.
However, a few cryptocurrencies have bucked the trend and performed quite well during the bear market. Let’s take a look at the top four:
1. Ethereum
Ethereum is the second-largest cryptocurrency by market capitalization. It is one of the cryptos that have been less affected by the recent sell-off than other major cryptocurrencies.
Ethereum is a platform for decentralized applications (apps). It has many advantages over other app platforms, including its programming language (Solidity), which makes it easier to develop apps, and its use of smart contracts, which allows apps to interact with each other in a standardized way.
Ethereum is also much more than a platform for decentralized apps. It’s a global computer network that anyone can use. This makes it a powerful tool for building trustless applications, such as decentralized exchanges, lending platforms, and prediction markets.
2. Battle Infinity (IBAT)
Battle Infinity is a blockchain-based game platform that allows players to bet on the outcomes of video game matches. The IBAT token is used to power the Battle Infinity ecosystem. You can use it to bet on games, buy in-game items, and pay tournament entry fees.
The Battle Infinity platform has several advantages over traditional online gambling sites:
• It uses a smart contract-based betting system that is provably fair.
• It offers instant payouts.
• It has low fees.
3. Lucky Block (LBLOCK)
Lucky Block is a decentralized lottery platform built on the Ethereum blockchain. The LBLOCK token is used to power the Lucky Block ecosystem. You can use it to buy lottery tickets, participate in jackpots, and receive referral rewards.
4. Cardano (ADA)
Cardano is a platform for decentralized applications and smart contracts. The ADA token is used to power the Cardano ecosystem. You can use it to buy and sell services and products, pay transaction fees, and develop and deploy decentralized applications.
Dil Bole Oberoi
