Astrafer Prix

Here's why most alt coins are likely to survive this bear market, and why it's incorrect to compare this more established alt coin market to early alt coin markets.

<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11repsg/heres_why_most_alt_coins_are_likely_to_survive/"> <img src="https://b.thumbs.redditmedia.com/z7UX_IfhVJz3drVcUcxpxtzOgucvoBwRLXohuBmiApE.jpg" alt="Here's why most alt coins are likely to survive this bear market, and why it's incorrect to compare this more established alt coin market to early alt coin markets." title="Here's why most alt coins are likely to survive this bear market, and why it's incorrect to compare this more established alt coin market to early alt coin markets." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>As the bear market seems to be coming to a close, there's growing evidence that most major alt coins are likely to survive. Even SOL is still standing strong.</p> <p>With only a few tokens like FTT, LUNA, etc.. dropping from the top 100. Oh wait...but LUNC is somehow still in the top 100.</p> <p>If you guys remember the first 2 bear markets, not many of the top alt coins remained in the top 100.</p> <p>But it doesn't look like too many top alt coins are gonna drop from the top 100, or find themselves too far outside the top 100.</p> <p>​</p> <h1>Why would they survive this cycle?</h1> <p>You have to put things in perspective.</p> <p>The idea that most alt coins die out every bear market, and will mostly die out again, comes from a misleading narrative.</p> <p>In the first cycles, Bitcoin dominance completely dwarfed the alt coin market. And alt coins didn't have as much relevance.</p> <p>All those alt coins in those past markets, had a very tiny market cap, much smaller volume, and low liquidity, in comparison to alt coins now.</p> <p>They were complete low cap shitcoins back then, with very little adoption.</p> <p>Luckily, some of them grew out of that, and managed to become more significant projects.</p> <p>Alt coins in the top 100 today, are far more established, dwarf them in market cap, and have far more adoption to a level that isn't comparable.</p> <p>It's really an apple and oranges comparison.</p> <p>You can look at the beginning of 2016. The biggest alt coin was XRP, and it had only 3% of Bitcoin's market cap.</p> <p>​</p> <p><a href="https://preview.redd.it/m83smr1f1rna1.jpg?width=1115&format=pjpg&auto=webp&s=d312d239cd549f45637157fa7d20c76ad5042b6c">Crypto market in January 2016</a></p> <p>Notice all those market caps?</p> <p>To put things in perspective, our <a href="/r/CryptoCurrency">r/CryptoCurrency</a> moons have currently a market cap of over $30,366,000.</p> <p>Which would have put them in 5th place between Ethereum and Dash, in that world.</p> <p>Comparing today's alt coin market, to past alt coin markets, would be like comparing Cardano/BNB/Cosmos/Polkadot/Litecoin/Polygon/Chainlink/Monero etc... like they're on the same level as a projects like Astrafer (same market cap as XRP in 2016), Smooth Love Potion (same market cap as Litecoin), Bancor, FC porto fan token, Tamadoge, etc...</p> <p>It's a ridiculous comparison.</p> <p>​</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/fan_of_hakiksexydays"> /u/fan_of_hakiksexydays </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11repsg/heres_why_most_alt_coins_are_likely_to_survive/">[link]</a></span>   <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11repsg/heres_why_most_alt_coins_are_likely_to_survive/">[comments]</a></span> </td></tr></table>