Top 10 Cryptocurrencies That are in The Recovery Phase in Q3 2022
Take a look at these top 10 cryptocurrencies that are recovering fast by the end of the crypto winter phase.
Quarter 3 of 2022 has witnessed a slight turn into a bullish trend from the long winter that shadowed the crypto market in the middle of this year. After a long instability that led Bitcoin to below the 20 mark and crashing the market as a whole has left the investors baffled. However, the experts are hoping that the worst part is over now. On July 21st, the market tumbled again after Tesla sold off 75% of its BTC holding, but today, on the 22nd of July, the coins are recovering again with an upward surge on a whole of 2.47%, according to Coinmarketcap.
Take a look at these top 10 cryptocurrencies that are now residing in the recovery state:
Bitcoin
The live Bitcoin price today is $23,114.61 USD with a 24-hour trading volume of $32,105,731,575 USD. Bitcoin started a downside correction from the $24,000 resistance against the US Dollar. BTC is finding bids near $22,500 and might start a fresh increase.
Ethereum
The live Ethereum price today is $1,588.96 USD with a 24-hour trading volume of $18,504,691,345 USD. Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.
Dogecoin
The live Dogecoin price today is $0.070147 USD with a 24-hour trading volume of $427,820,678 USD.
Dogecoin (DOGE) is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin slightly receded on its chart after displaying bullish momentum. Today most of the market movers were seen in the red. Currently, DOGE has found support near the $0.06 region, a while back the meme-coin had traded a little above the $0.07 price mark.
Tether
The live Tether price today is $1.00 USD with a 24-hour trading volume of $52,939,148,628 USD. Tether is another Ethereum token that encounters less volatility. Also called a top stablecoin, Tether is pegged to the US dollar. Therefore, you can buy a Tether coin with just a dollar. However, the stablecoin might look weird to some investors. The whole point of many cryptocurrencies is to reap big benefits for buyers. On the other hand, Tether is here to profit long-term token holders.
FTX Token
FTX is the native token of the crypto trading exchange. This exchange has become quite popular among futures traders. FTX is well-known for being the fourth largest cryptocurrency by trading volume. Ethereum whales generally opt for the FTX exchange since they can acquire incentives to build their position in the FTT.
PKT
PKT is preferred by crypto investors to drive profit amidst the crypto downtrend as it creates an economic incentive for scaling physical bandwidth infrastructure across the globe. The PKT network is gaining popularity for its high speed, latency, robust data network, as well as lower costs. It holds the potential to become the world’s largest ISP-owned and operated by crypto investors.
Aventus
Aventus is one of the top cryptocurrencies to survive the crypto bloodbath. It is a layer-2 blockchain protocol bringing scalability, lower costs, as well as sufficient speed to Ethereum transactions. It helps to solve the Ethereum problems by building on top of the Ethereum network with the layer-2 protocol. The applications are known for easily working with other blockchain technology to drive profit in crypto wallets for crypto investors.
Sapphire
Sapphire is a profitable cryptocurrency to be used in the real economy and to be issued only to trustworthy partners bringing value to the crypto wallet of the project. It ensures fast payment transfers to crypto investors along with a very easy-to-use process.
Bitball Treasure
Bitball Treasure is one of the profitable cryptocurrencies as a treasure coin with a store of value faster than the most popular cryptocurrency, Bitcoin. It offers more functionality as a treasure with a maximum of one million BTRS token supply. It can be used to exchange treasure items on the official Bitball merchandise page.
StarTerra
StarTerra is known as the gamified launchpad featuring Play2Earn, gamified NFTs, and many more multi-assets staking on the Terra ecosystem. The activities of online players are measured by StarTerra Energy to affect the chance of winning allocation for purchasing IDO tokens. Every player who is also a crypto investor must connect his crypto wallet with a unique nickname as well as a digital avatar.