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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it still remains the market leader.

Finally, while cryptocurrencies are mostly trading in the red, which was the norm for the past several weeks — there are also some of them that are actually performing relatively well, considering the situation.

Binance Coin (BNB)

BNB exploded a week ago when the confirmation of Binance Chain went public. While the launch has yet to come, likely in a few months, the coin gained a lot of popularity instantly. The exchange’s CEO, Changpeng Zhao, even stated that he believes that crypto and blockchain are the future. In fact, he even predicts that a time will come when there will be thousands of blockchains and millions of coins and tokens.

The fact that Binance is expected to soon launch its own DEX has also helped boost BNB, and even the recent partnership with Tripio contributed significantly due to the fact that the coin will be used at nearly half a million hotel locations.

So, how did this affect the coin in the recent bear trend? At first, the coin lost over 50% of its value, and the bulls attempted to keep it from dropping lower than that. Eventually, it reached new lows on December 6th and 7th. Currently, BNB has a price of $4.78, and it holds the rank of 15 on the list of largest cryptocurrencies by market cap.

TRON (TRX)

TRON has had quite a few announcements of its own recently, with the biggest one being about TRON joining Blockfolio Signal beta, posted by Justin Sun. Blockfolio is a well-known mobile crypto portfolio network that allows tracking and managing of crypto.

In addition, Justin Sun remains in a war with TRON’s competition — EOS and Ethereum. He even stated that his firm will create a fund that will take care of the competition’s developers after their platforms collapse.

During this Twitter war, TRON’s price was fighting a battle of its own, and in the past few days, it started dropping again, until it reached lows previously seen on November 25th. In fact, it was believed that, if TRX was to drop below $0.01089965 per coin, it would launch an entirely new downtrend that could potentially stretch all the way down to $0.00844479.

Luckily, this never happened, and the bulls even brought TRON back to its current price of $0.013286 per coin. The situation is expected to remain the same for a while until the final decision whether the coin will go down or up comes to pass.

XRP

XRP, formerly known as Ripple, has had a few things going for it during the previous several weeks. Despite the fact that the coin has been experiencing losses just like the rest of the market, it still managed to overtake Ethereum weeks ago, and it has held the second place ever since.

It was also announced that it will serve as the first crypto used for settlements in R3’s new Corda Settler dApp, while a renting platform Omni also announced a collaboration with Ripple in order to gain liquidity.

At the time of writing, XRP is one of several coins within the top 10 cryptos to be trading in the green. The coin has been gradually dropping ever since mid-November market crash, and it reached the lowest point on December 7th, when its price dropped down to $0.292392, Since then, a slight correction took place, and the coin is currently trading at $0.308162, with a 0.50% increase in the last 24 hours.

Tether (USDT)

Tether has made a surprising comeback in terms of price, market cap, and even its position on the top 10 list. Prior to the market crash, many believed that Tether’s latest controversy will ruin the stablecoin and that is will be replaced by another. However, USDT managed to not only bring its value back to $1, but it also exceeded it and is currently priced at $1.02.

As mentioned, the coin also advanced to the fifth place on CoinMarketCap’s list of largest cryptocurrencies and is currently sitting comfortably between Bitcoin Cash (6th place) and Stellar (4th place). In terms of market cap, Tether and Bitcoin Cash are still relatively close, which does allow the possibility of BCH getting its old spot back at some point in the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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