The cryptocurrency market has been falling hard lately. Cheeky Crypto analyst, a Youtube channel, has prepared a short list of 9 altcoins that can be followed in the bear market. Let’s take a look at the analyst’s expectations, keeping in mind that the forecast lacks certainty.
9 altcoins to follow in the bear market
The first altcoin on the list, Avalanche (AVAX), is one of the fastest smart contract platforms in the Blockchain industry, as measured by time to precision. It is currently trading at $34.64, down 26% over the last 24 hours. Analyst has this to say about AVAX:
We are at a big discount and presents a good opportunity for investors. People still expect some negatives. That’s why investors should be aware of AVAX.
The next altcoin Terra (LUNA) is a Blockchain protocol that uses fiat-pegged stablecoins to power price stable global payment systems. However, it lost more than 90% of its value on 11 May for these reasons. As Cryptokoin.com reported, Terra founder Do Kwon announced the first steps of the compensation process today. According to the analyst, LUNA could be the biggest discount in the market right now.
Polkadot (DOT) is a fragmented multi-chain protocol that facilitates the cross-chain transfer of not only tokens but any type of data or asset. Polkadot was designed to provide a foundation for the decentralized internet, also known as Web 3. At the time of writing, it is trading at $10.07, down 14%.
Cosmos (ATOM) stands out as a project that solves some of the “hardest problems” facing the blockchain industry. Many projects and applications are being prepared to work on Cosmos. At the time of writing, ATOM is trading at $11.75, down 18%.
Algorand (ALGO) is a self-sustaining, decentralized, Blockchain-based network that supports many applications. It will soon support computations that require reliable performance guarantees to establish new forms of trust. At the time of writing, it is trading at $0.489, down 20%.
The next altcoin, Hedera (HBAR), is the most used, sustainable, enterprise-grade public network for the decentralized economy, allowing individuals and businesses to build powerful DApps. At the time of writing, it is trading at $0.1029, down 11%.
Cardano (ADA) is a PoS Blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring positive global change. At the time of writing, it is trading at $0.5807, down 13%.
The next altcoin on the list, Tezos (XTZ), is a Blockchain network based on smart contracts, not much different from Ethereum. At the time of writing, it is trading at $2.01, down 8%.
The last altcoin project on the list, Harmony (ONE), is a Blockchain platform designed to facilitate the creation and use of DApps. The network aims to innovate in decentralized applications by focusing on random state sharing, which allows blocks to be created in seconds. At the time of writing, it is trading at $0.04834, down 26%.
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