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In the ever-evolving realm of cryptocurrencies, progress comes hand in hand with occasional downturns. These downturns, commonly referred to as bearish market trends, affect certain digital assets as well. Yet these 5 tokens; DigiToads, Binance Coin, Tradecurve, Ethereum & Bitcoin are all managing to defy the odds and rise above the tides.Â
In this article, we shall delve into these top 5 cryptocurrencies that have triumphantly outpaced the general crypto market during the first half of 2023.
Summary
1. DigiToads
DigiToads is a meme coin whose community is expanding steadily. DigiToads has surpassed the crypto bear market in H1 2023 by leveraging P2E gaming and NFT staking. Its integration with play-to-earn gaming attracted a sizable user base, while NFT staking offered passive income through rare digital assets. With an impressive 370% growth in presale stage 9 and a projected staggering 400% growth in stage 10, DigiToads demonstrated resilience and stood out as a top performer. Analysts believe that it is one of the best altcoins to invest in 2023.
TOADS holders can earn a passive income from the NFT staking pool. It has 3500 NFTs that have already been launched. These NFTs can be staked and 2% of each transaction is contributed to the staking pool. So, long-term holders can earn a large number of TOADS.
DigiToads runs on the deflationary token mechanism. As 2% of every token burnt, TOADS holders just have to hold and they can earn a percentage of their total supply increase when more tokens get burned. TOADS offers a perfect hedge and decreases the supply in comparison to other DeFi coins with higher inflation that propagates to the selling pressure.
2. Binance Coin
Binance Coin is another altcoin and the pseudo-equity token for Binance, the largest exchange of crypto ranked by trading volume. Holding BNB is the same as holding equity in COIN. It is a bet on the consistent success of Binance.
The DeFi coin has proven resistant enough to the bear market than many other altcoins and doesn’t retrace as profoundly. Its resistance is proof of its strength and possesses one of the most active ecosystems meaning BNB will always have a consistent source of buying pressure.
3. Tradecurve
Tradecurve is developing a hybrid trading exchange, which brings together the best aspects of decentralized and centralized exchanges for offering users a smooth experience. It is the best blockchain ICO where users can effortlessly trade an extensive range of derivative assets, such as commodities, ETFs, stocks, and forex all through on account without even completing the KYC process.
Tradecurve stands out among the top cryptocurrencies due to its substantial presence in the global derivatives market. This large volume positions Tradecurve as a formidable contender when it comes to tackling a bearish market.
4. Ethereum
After it was introduced into smart contracts to the blockchain space, Ethereum has ranked as the best cryptocurrency to invest in during a bear market. It has paved the way for the development of decentralized applications and non-fungible tokens across multiple cryptocurrencies.
For investors looking to minimize their risk exposure in a bear market, established cryptocurrencies like Ethereum offer a sense of reassurance.
5. Bitcoin
Bitcoin, being the trailblazing cryptocurrency, often sets the tone for the wider cryptocurrency market. With a market capitalization of $514 billion, it reigns as the largest cryptocurrency. During a bear market, it is a prudent and secure strategy to invest in top-tier assets. Bitcoin has proven its resilience by enduring multiple bear markets and consistently bouncing back with a bullish surge, establishing a track record of resilience and growth.
Irrespective of the outcome of the next market cycle, Bitcoin’s enduring legacy and widespread adoption solidify its position among the top assets.
Bottom Line
Cryptocurrencies offer multiple opportunities for investors who are looking to diversify their investment portfolio. All these tokens we have discussed have stunning upside potential. Among these tokens, DigiToads stands out as the best performer, surpassing the bear market with its P2E gaming integration and NFT staking. DigiToads proves to be an exceptional choice for investors seeking substantial upside potential in the crypto market.
*This article was paid for Cryptonomist did not write the article or test the platform.
