With assets like Bitcoin (BTC) currently trading at a 72% loss from its All-Time High (ATH) price of $68,770, many investors are now considering which digital currencies to acquire that have the biggest potential of surviving the current ‘Crypto Winter’.
This article takes a look at four such assets, including Flow (FLOW), ApeCoin (APE), Choise.com (CHO), and Fantom (FTM) which stand a big chance of surviving the current harsh economic conditions in the crypto ecosystem. These coins were picked based on our study of different market niches featuring gaming, NFTs, and DeFi respectively.
Flow (FLOW)
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Powered by the FLOW coin, Flow comes off as one of the pioneers in the blockchain gaming ecosystem, and one whose future plans will help amplify the opportunities the space has to offer.
While the coin is trading at a price of $1.59, up 2% in the past 24 hours, showcasing its resilience against the general market meltdown of the past few days. Riding on its unique gaming smart contract infrastructure and the success of Dapper Labs, FLOW has a good chance of charting more promising growth trends post-crypto winter.
ApeCoin (APE)
ApeCoin is a Non-Fungible Token (NFT) based coin that is native to Yuga Labs’ Bored Ape Yacht Club (BAYC) ecosystem. The coin was launched earlier this year and it is aimed at powering the Otherside metaverse world that Yuga Labs is trying to build.
While the coin was airdropped to Bored Ape holders as one of the most lucrative airdrops in crypto history, the accompanying massive selloffs pushed the token down from its ATH price of $27.31 to its current price of $4.54, an 83% change.
Massive as this plunge may seem, due to its fundamentals and massive community behind it, the token has a high tendency of retracing its positive growth trend, as indicated by the recovery it showed over the past week. It is a coin with the potential to pare its losses and retest the $27 resistance in the next few months.
Choise.com (CHO)
Choise.com is a MetaFi platform, called after a combination of CeFi and DeFi, that seeks to simplify decentralized finance offerings with a mix of centralized finance capabilities or advantages under one system. Choise.com is based on the DeFi platform Charism, which includes a suite of products: a non-custodial wallet, cross-chain bridges, NFTs, transaction builder, decentralized derivatives, and other solutions.
Choise.com also seeks to make general crypto investments accessible to all. Its native token – CHO has grown by over 98% in the past 1 month. CHO is currently changing hands at $1.14 and is undoubtedly in a price discovery zone in which beating its previous ATH is just a matter of days.
CHO has a strong fundamental, an in-demand utility, and a dedicated community that can help sustain its potential growth into the near future.
Fantom (FTM)
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Fantom comes off as one of the most undervalued Layer-1 smart contract platforms around today, one with the right technological capability to achieve massive sustainability in the near to long term.
Trading at a price of $0.24, the tech and uniqueness of Fantom may help it lead to a highly profitable token valuation post-crypto winter and may always be a good altcoin alternative for investors looking at the long term. As seen in the chart, the coin has maintained a good uptrend over the past week, a resilience against the negative downtrend in the market.
Key Takeaways
The digital currency ecosystem may be showing signs of intermittent price growth, but this does not discount the fact that the market is unstable and highly volatile.
For investors who may wish to make an investment decision at this time, embracing coins/tokens with high utility, sustainable fundamentals, and strong community backing is key. All of the digital currencies profiled above have these features and more and can stand as a starting point for investors to make their research. Investors need to also understand that the inherent recovery of the broader crypto ecosystem hinges on Bitcoin (BTC), as it wields a huge dominance of 42% which influences other tokens’ reactions. As much as they need to keep an eye out for these profiled coins, closely watching the growth trend of Bitcoin is also recommended.
