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The year 2022 hasn't been particularly kind to cryptocurrency prices. Coins and tokens that saw huge price swings months ago are slowly sinking, with some already back to where they were in October. This is undoubtedly a nerve-wracking experience to some investors, but tough times don't last forever. The global cryptocurrency market is thriving with the presence of thousands of cryptocurrencies rushing to be in the top ten cryptocurrencies. Some are stable like Tether and USD coin, but some are showing some great results like Terra, Shiba Inu, Bitcoin, and many more. With Russia-Ukraine War and China banning crypto, top cryptocurrencies including Bitcoin are in bearish mode. Therefore, many crypto investors are relying on the top most promising cryptocurrencies in order to gain higher returns. This article features the top 10 cryptocurrencies successfully thriving the bear market breakout.
There is no need for an introduction of Bitcoin in the cryptocurrency market. It is now holding the number one position in the market despite being highly volatile. It reached its highest record in 2021 and is expected to reach new heights in 2022. This is one of the top cryptocurrencies set to explode between 2022 and 2025. Also one of the top 10 that are successfully thriving is the bear market breakout.
Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. It will be ready for Web 3.0, Dapps, and more. The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment.
Polygon is one of the top cryptocurrencies for building and connecting Ethereum-compatible blockchain networks. It provides scalable solutions on Ethereum, supporting a multi-chain Ethereum ecosystem. Many crypto investors believe that Polygon has great potential and will give higher returns in the future.
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. It is one of the best cryptocurrencies successfully thriving the bear market breakout.
Shiba Inu continues to draw the inspiration of some investors, and the ire of others. But regardless of how you feel about this pupcoin, it's undeniable that developers have been working hard to add notable new features to the SHIB ecosystem. These planned rollouts are what make SHIB one of the best cryptos to buy amid the bear market.
Terra has started grabbing attention recently in the cryptocurrency market and is one of the top cryptocurrencies successfully thriving the bear market breakout. 2021 has shown that Terra is a unique stablecoin that can reduce the volatility of the cryptocurrency market. It has also reached the all-time highest record recently and crypto investors are leaning towards this. It is leveraging blockchain technology to build a better digital financial system free of financial institutions as well as fintech app developers.
Ethereum was the first major project to introduce smart contracts. These smart contracts allow developers to launch mobile and desktop decentralized applications (dApps) on top of the blockchain. Thousands of tokens run on the Ethereum network, and it is these tokens that spurred the initial coin offering (ICO) movement. It has launched Ethereum 2.0 and gained popularity among crypto investors for its smart contract platform with some amazing features.
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. It is one of the best cryptocurrencies successfully thriving the bear market breakout.
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps), and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana's native token, powers the platform.
The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance's exchange platform. Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. It is one of the best cryptocurrencies successfully thriving the bear market breakout.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
