In light of the recent tumble of the cryptocurrency market, it is safe to assume that the world of cryptocurrencies has entered a new bear market. The crypto industry lost more than $500 billion in early 2022 from its 1.25 trillion market cap.
Several cryptocurrencies are doing well in the bear market and can be an opportunity to grow your investment portfolio.
They include; BNB, Ever Grow Coin, and Tron (TRX)
The crash of Terra Luna and Terra USD sent shockwaves in the crypto world. Some coins lost value but others gained in value immensely.
Tron is among the latter. Tron is now ranked at #13 by market cap. Tron gained 12% in two weeks to flip Shiba Inu and Dai. This growth is faster than BNB, and the only difference is that BNB’s market cap is $54billion, and Tron’s is $7.6billion.
Tron launched in 2017, and its main focus is to provide a platform where digital content creators can get full ownership of content. Tron has its decentralized blockchain that holds, decentralized games, apps, and music sites and is in use in the BitTorrent network.
According to technical analysis by wallet investor, the growth projection of Tron shows good potential; A long-term price increase is very likely.
EverGrow Coin (EGC)
As a result of the crash of stablecoins in May, BUSD emerged as the top stablecoin in the top 20 cryptos.
EGC is a deflationary coin, this means that it becomes scarcer over time. EverGrow Coin rewards its investors with an 8% reward every 6 hours for all buy and sell transactions in Binance pegged as BUSD.
Last week EverGrow saw a ridiculous pump in price by 40%. The coin increased from a price of $0.000000255 to $0.000000358 within hours.
EverGrow Coin’s value will only increase in light of their new suite of applications set to be unveiled soon (The LunaSky NFT market).
EverGrow Coin is a worthwhile strategy for anyone who wants a stable side income.
As many other cryptocurrencies experience a downturn in market value, BNB has consistently grown. It is by a long mile the fastest growing cryptocurrency in the market. BNB is a native token of the Binance ecosystem and offers its investors a discount on the Binance exchange. This attribute makes BNB very popular alongside the Binance Smart Chain makes BNB very popular, hence the high value.
Binance coin forecasts that the coin could trade at a maximum of KShs 91,844.10 and a minimum of KShs 67889.85 by Feb 2023 from the current KShs37,323.64. This indicates long-term potential to hit the target of $14,000 by 2030.