The cryptocurrency market is at a turning point, where many projects fall to the ground while others rise.
The cryptocurrency market is at a turning point, where many projects fall into the void while others rise dramatically and establish themselves as the future of this business.
With this in mind, savers always look for the projects that have the best chance of surviving in the short, medium, and long term. And below we bring five cryptocurrencies that have great potential to rise after this bear market period.
VeChain
First is VeChain (VET), a smart contract platform that stands out for having business management of the native token and the hype surrounding this system. While its listing has had mixed returns in recent days, it is notable for a deal between the company that manages it and one of the world’s biggest sports tournaments.
And it is that the VeChain Foundation, a company that manages the Blockchain, signed an agreement with the Ultimate Fighting Championship (UFC) for US$100 million in which it is guaranteed that the crypto will reach 900 million homes by participating in the marketing campaigns of the mixed martial arts tournament.
Solarium
In second place is Solana (SOL), which at the time was one of the most promising projects in the crypto ecosystem due to its high speed for validating transactions within its Blockchain.
It is currently in a historical fall, which would increase in June with a drop of 40%, but which would then see a long-term rebound effect. Currently, its $37 price is seen as a “discount” value if looking to hold onto the token for several months.
Ocean Protocol
The native token of the Ocean Protocol (OCEAN) comes from having one of its best weeks with increases of 36% and a price that stands at US$0.3, which represents an increase of 64% since it hit its historical low on last June 3.
This is mainly due to the introduction of Non-Fungible Data Tokens (NFTs), which allow copyright or exclusive licensing of a data asset.
Chain link
In fourth place, we find Chainlink (Link), another altcoin (alternative currency with a low price) that has been showing a very positive performance on a weekly level and that is positioned as one of the most capable of surviving this bear market.
It is currently trading around US$8.5, which is 25% higher than its price seven days ago. This is because in recent days the official roadmap of the project was released and it was announced that the possibility of stalking with Link tokens would be enabled.
Helium
Lastly, we have Helium (HNT), a project that in recent days has marked an important upward trend that put its price in the range of US$11 (it started the week trading around US$8).
The reason behind this rise is in the bases of the project, which is based on “the Internet of Things 5G” and seeks to use low-power wireless devices to communicate with each other and send data through its network of nodes.
Last week, its holders approved an investment to improve the network, which consequently produced an increase in its native token in the cryptocurrency market.
By Audy Castaneda
