2022 will be remembered for the bankruptcy of high-profile crypto brands like Terra and FTX. After these events, the biggest altcoins Ripple, ADA and MATIC gained more than 70% from their peak prices. Which is the fastest to recover? Let’s take a look at analysts’ expectations.
Ripple, ADA and MATIC, which one can recover fastest in the next bull?
XRP
One thing about XRP is that the coin cannot enjoy the recent bull market like other cryptocurrencies in the market. This is because the Exchange and Securities Commission (SEC) still has an active lawsuit against Ripple. When the case first surfaced in 2020, the XRP price lost more than 40% of its value and has not recovered since. It was the only cryptocurrency within major borders that could not reach the full ATH level in 2021.
However, the next bull market may be different, as the litigation is expected to end in 2023. If Ripple wins the case, XRP is predicted to see a big bull. But if the SEC prevails, the XRP price could also see a significant drop if it abandons performance on its own when the lawsuit is announced. As Kriptokoin.com, we have included the latest developments from the case in this article.
Cardano (ADA)
Cardano (ADA) has managed to perform well in every bull market. The price of ADA has reached the ATH level each time and has risen more than 10x in the 2021 bull market alone. Its tendency to always perform well and rise above its previous all-time high makes ADA a good choice for the next crypto bull market.
ADA is also down more than 87% from the ATH price of $3.1, so if it follows its established trend, it has a way to go at least 10x higher in the next bull market. It should be noted that blockchain is consistently at the top of the list of networks with the most development.
Polygon (MATIC)
Finally, there is much that is the basis of the bull case for MATIC. It is now a natural choice for projects that want to build on Ethereum but don’t want to face scalability and high fees on Layer 1 Blockchain.
Given this, Polygon has seen an increase in its use over time, and MATIC, the native cryptocurrency of the ecosystem, has benefited from this growth. Currently, MATIC is the only major-volume altcoin sitting around 50% below its all-time high.
final thoughts
For each of the projects mentioned, it ultimately comes down to the preference of each individual investor. Each of these cryptos has previously proven to be a good choice and has led to their rapid growth. However, as with any investment, even these carry a level of risk that can cause investors to lose money. In the end, it’s important to do your own research (DYOR) and come up with a good strategy.
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