With the fall of Terra (LUNA), many FUDs and negative speculations have spread in the cryptocurrency community, with many believing that there may be another crypto collapse on the horizon.
Over the last week, the market has declined further, with the best tokens reaching low levels not seen since the end of 2020 as a result of recent market activities such as the suspension of withdrawals and transfers to the main blockchain and cryptocurrency Celsius Network (CEL).
The cryptocurrency market has experienced turbulent times in the past and is always dominated by the most established tokens with the strongest foundations and community support. We consider three long-term investment cryptocurrencies to overcome the potential crypto collapse, including bitcoin (BTC), sun (SUN)and CashFi (CFI).
Why bitcoin (BTC) is always coming back
Launched in 2009, bitcoin (BTC) is the first cryptocurrency with blockchain technology and has the largest market capitalization of all cryptocurrencies. Crypto is a fast-growing sector with market trends that are changing all the time, along with market requirements, and yet Bitcoin remains the leading cryptocurrency.
The supply of bitcoin (BTC) is limited and exclusivity loans will never be cut again, which, combined with its massive attractiveness and mass acceptance, means that demand for bitcoin will always outpace supply. Bitcoin (BTC) is a repository of value used primarily for financial exchanges and send / receive transactions.
Bitcoin (BTC) is the most widely accepted cryptocurrency in terms of acceptance and is accepted by major retailers around the world, including Microsoft, Starbucks, Wholefoods and through the payment company Paypal. El Salvador and the Central African Republic are the first two countries in the world to adopt bitcoin (BTC) as legal tender.
Solana (SOL) will survive due to NFT and the adoption of DeFi
sun (SUN) is the local cryptocurrency on the Solana smart contract platform with open source and blockchain, a high-speed low-cost alternative to blockchain such as Ethereum (ETH). It launched relatively recently in March 2020 and has since become the ninth largest cryptocurrency ranked by market capitalization.
Due to its high productivity, interoperability and low charges, sun (SUN) has become a popular platform for NFT and DeFi applications with the fifth highest total value of locked funds (TVL) in DeFi of all blockchain. Solana NFT is maintained in leading NFT markets such as SolSea and, since April 2022, OpenSea.
In May 2022, Meta announced that support for Solana NFT would be added to Facebook and Instagram social networks.
The new CashFi (CFI) offers huge market recovery potential
CashFi (CFI) is the ERC20 token used to help in the next generation CashFi DeFi protocol built on Ethereum, which gives users access to a huge number of asset classes, including NFT, synthetic assets and liquid betting.
CashFi (CFI) introduces Liquid Staking through CFI Staking, which reduces illiquidity for pledged goods and allows users to exchange their crypto assets for tokens that can be pledged in the DeFi sector.
CashFi (CFI) will also implement multi-chain support in the future and this will be seen in CashFi’s framework for creating NFT markets with cross-chain interoperability. Users will also be able to copy CFI NFT to the CashFi blockchain, as well as buy, sell and trade on the CashFi NFT operating market.
Acceptance, use and strong foundations
The current bear market provides a great opportunity to invest in the right tokens at bargain prices before the inevitable market recovery.
Tokens with strong foundations, community support and use cases such as CashFi (CFI), Bitcoin (BTC) and Solana (SOL) seem to have the best chance of withstanding the upcoming crypto storm.
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