The crypto market remains volatile. Bitcoin (BTC) and Ethereum (ETH) are still struggling to regain their value. However, the current drop is temporary, and an uptrend is expected, especially for the top-tier cryptocurrencies. A recent study shows that the market share of top-tier cryptocurrency exchanges has still increased significantly since October 2020. Which top-tier coins will survive in 2022? Bitcoin (BTC), Cardano (ADA), Gnox Token (GNOX), Dogecoin (DOGE), and Fantom (FTM) are sending positive signals that their market leadership may continue.
Bitcoin (BTC)
The world’s first decentralized cryptocurrency, Bitcoin (BTC), has also fallen victim to the crypto market crash, currently trading at $29,906. However, due to its groundbreaking nature, BTC remains at the forefront of this dynamic market after more than a decade of its existence.
Even if Bitcoin loses its undisputed dominance, it remains the largest cryptocurrency. According to market forecasts, Bitcoin is expected to reach $100,000 by the end of 2022, making BTC a major investment option that will survive 2022’s current bear.
Cardano (ADA)
Cardano is a proof-of-stake (PoS) blockchain platform that has been one of the strongest top-tier cryptocurrencies, remaining in the green despite the market crash. The price of ADA jumped 50% in early June, which was caused by increased activity on the Cardano blockchain. Moreover, Cardano is preparing for its biggest hard fork update, Vasil, which is scheduled for June 29 and is expected to boost ADA prices, making Cardano a solid investment choice in 2022.
Gnox Token (GNOX)
Gnox is a new reflective token based on a “Yield Farming System” that offers crypto investors up to 50% APY returns. Gnox will launch on Binance Smart Chain (BSC) in Q2 2022. It is currently in a pre-sale phase, accepts payments from most of the largest blockchains, and has seen a price increase of 52%. Despite a strongly bearish market pattern, the Gnox price pattern remains firm. Its innovative yield farming mechanisms and many other benefits dedicated to early-bird investors make GNOX a great addition to your portfolio.
Dogecoin (DOGE)
Dogecoin (DOGE) is based on the popular internet meme “doge” and features Shiba Inu on its logo. Since its surge in popularity and value a few years ago, DOGE has paved the way for hundreds of other tokens in the industry.
Dogecoin differs from Bitcoin’s proof-of-work protocol in many ways, including using Scrypt technology. Elon Musk’s favorite crypto It is currently trading at $0.078. However, according to the Dogecoin price forecast, DOGE will maintain its top-tier crypto status and is expected to trade at $0.30 by the end of 2022, $0.77 by 2025, and $1 by 2030.
Fantom (FTM)
Fantom is a decentralized open-source smart contract platform for DeFi applications and digital assets, built as an alternative to Ethereum. With low transaction fees, fast execution, and many other features, analysts’ predictions of FTM’s price development remains bullish. FTM has made huge gains and has seen a price increase of over 10,000%. Despite prevailing market conditions, Fantom is expected to regain value and survive an aggressive bearish pattern in 2022.
Bottom Line
While BTC, ADA, DOGE, and FTM are long-term market players, Gnox (GNOX) is a new participant and bear market survivor worth trying out.
learn more about GNOX:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
Source: https://cryptodaily.co.uk/2022/06/only-top-tier-cryptocurrencies-will-survive-2022-herere-some-of-the-best-bitcoin-btc-cardano-ada-gnox-token-gnox-dogecoin-doge-and-fantom-ftm