The dynamics in the digital currency ecosystem are changing and what came off as a crypto winter in the second quarter of the year is notably not much of concern again.
We are now seeing a broad-based recovery across the board, and while we cannot ascertain whether the positive momentum can be sustained for the rest of the year, we can acknowledge that there is short-term stability for now.
In the grand scheme of things, some altcoins have proven to be more resilient than others. The last three months have been the most challenging for a number of altcoins around. This is because we saw a lot of crypto firms go bankrupt with a lot more experiencing liquidity pressures and security breaches that rendered them incapacitated.
With all the experienced turmoil, the landscape is currently being rejuvenated. This article showcases 5 of the most resilient altcoins that should be on every investor's radar this Q3.
Ethereum is the second-largest digital currency by market capitalization and by far the most used smart contracts enabled blockchain in the world. At a price of $ 1,997.31, Ethereum has withstood the most daunting times in the digital currency ecosystem, yet remains amongst the altcoins that have the propensity to help stir the long-needed revival in the industry.
At this time, Ethereum is riding on the promise that its long-awaited Proof-of-Stake (PoS) protocol will launch on the mainnet by mid-September.
Based on the news which was recently confirmed by Vitalik Buterin, Ethereum has maintained its monthly gain of 76.11% as it has started paring off the losses of the past quarter. The PoS version of the network is bound to make the protocol more energy efficient, scalable, and usable. All of these potential features are a selling point for the coin in Q3 and beyond.
Choise.com is arguably one of the emerging platforms that are combining the innovations and product uniqueness in both the Centralized Finance (CeFi) and the Decentralized Finance (DeFi) worlds. As a MetaFi platform, Choise.com is substituting both the strengths and weaknesses of one sector and complementing it with the other to give investors the best investment products possible.
Besides this fundamental push, Choise.com seeks to lower the barriers to entry and make CeFi and DeFi products accessible for all.
Choise.com has a functional earn product called Charism which is designed to help investors get a sustainable yield on their capital. The Charism platform is built to brandish a suite of DeFi products which includes a non-custodial wallet, cross-chain bridges, NFTs, transaction builder, decentralized derivatives, and other solutions. Recently CHO was listed on several DEXes and CEXes such as Uniswap, Raydium, MEXC, and Lbank, and there are more listings on major exchanges being announced by the top management.
CHO is currently changing hands at a price of $ 1.008849, and it has gained a total of 74.38% Year-to-Date.
Binance Coin (BNB) is the native digital currency of the Binance cryptocurrency exchange. For the past three months, Binance Coin has seen a 10.38% gain and is currently changing hands at a price of $ 325.05 according to data from CoinCodex.
Besides being the utility coin for the largest exchange ecosystem, Binance has been expanding its reach lately through the Binance Labs. Appointing Yi He as the lead, the venture firm is bolstering new protocols that can add to the growth that Binance Labs has experienced over the years.
The role the BNB coin is playing in the broader Binance ecosystem is its greatest selling point, one that can fuel its growth in the short to long term.
Ankr is a silent but resilient altcoin to watch out for. Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users
With infrastructural services one of the top services in demand in today's DeFi, Ankr has a massive role to play. This role is a positive ticker for ANKR and a notable possibility for it to outpace the 21.48% growth over the past 3 months which has pegged its price at $ 0.045395 at the time of writing.
Ethereum Classic might be a fork of Ethereum, but it has carved out a special niche for itself. Many have projected that following the migration of the Ethereum protocol to PoS, the odds may be in the favor of Ethereum Classic as it is bound to witness the inbound migration of protocols that prefer the legacy Proof-of-Work (PoW) consensus model.
The momentum in ETC is really building up, and the fundamentals in Ethereum are also driving its price upwards positively. ETC classic is up 109.69% in the past three months to $ 43.87. The tendency for more ambitious growth is high in the near term.
There is a very wide range of unforeseen circumstances that can weigh down on the digital currency ecosystem. This can impact the pace of growth of these profiled tokens and reinstate new ones but in all, surviving the macroeconomic headwinds is bound to keep the crypto ecosystem relatively stable.
The performance of crypto will now be hinged on whether the US Federal Reserve and other Central Banks can continually tame inflation and control the money supply in a way that will make a case for crypto as a perfect store of value.
While the Q3 will serve as a stabilizing point, we can expect new milestones in the Q4 as most altcoins will seek to end the year on a good note.
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