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&#39;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&#39;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>&#x200B;</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&#39;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&#39;t comparable.</p> <p>It&#39;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&#39;s market cap.</p> <p>&#x200B;</p> <p><a href="https://preview.redd.it/m83smr1f1rna1.jpg?width=1115&amp;format=pjpg&amp;auto=webp&amp;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&#39;s alt coin market, to past alt coin markets, would be like comparing Cardano/BNB/Cosmos/Polkadot/Litecoin/Polygon/Chainlink/Monero etc... like they&#39;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&#39;s a ridiculous comparison.</p> <p>&#x200B;</p> </div><!-- SC_ON --> &#32; submitted by &#32; <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> &#32; <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>
