Cryptocurrencies are digital assets secured on public ledgers (blockchains) using cryptography. Cryptocurrencies could be coins or tokens; the former have a ‘standalone’ blockchain structure, while the latter are typically built and deployed on existing structures. Thousands of virtual currencies now live in the market, following the creation of Bitcoin in 2009 and the industry boom between 2013 and 2017.
Digital Asset Trading
Traders buy and sell cryptocurrencies via brokers and can execute trades differently. The market is now recognized as significant, attracting global top investors and traditional financial institutions’ interest. Today, the market has given rise to the buying, selling, and exchanging of digital assets in a formal way called crypto trading. The market has grown into a trillion-dollar industry. With new projects developed daily and improved technologies such as AI, Web3, and the metaverse, tokenization is expected to reach more heights.
Digital Assets: Coins and Tokens
One of the distinguishing characteristics of cryptocurrencies is the tendency for high volatility. This is due mainly to the demand and supply of virtual currencies, which depend on factors such as hype, use cases, and project direction. This is why, although there are thousands of cryptocurrencies, many are considered dead in terms of price growth and the likelihood of future relevance. Yet, many other cryptocurrencies have defied the odds and remain relevant. These coins are resilient to long-term volatility and are considered some of the best for traders looking to diversify their portfolios. This article explores some of the most resilient crypto coins you can access.
Stablecoins
Stablecoins are cryptocurrencies that are, by nature, resilient to market forces. They are called stablecoins because their value is pegged to traditional fiat currencies such as the USD, allowing traders to store their portfolios in a volatility-proof coin. Several stablecoins exist, such as USDT, BUSD, USDC, DAI, and TUSD. You can access stablecoins for trading as most brokers list digital coins as pairs of USD and USDC, two of the biggest stablecoins by market cap. Many countries are considering stablecoins adoption as a way to incorporate cryptocurrencies into their economy. Some issues, such as issuance and regulation, will be addressed before that.
Bitcoin (BTC)
Bitcoin is the most resilient cryptocurrency ever, having existed since 2009 and dominating the market. Bitcoin has survived deep bear markets severally but has remained valuable. Today, it has the largest market cap (over $500 billion) and is widely accepted globally. In fact, in 2021, El Salvador adopted Bitcoin as a legal tender in the country, while some states in the US lead in crypto usage. Bitcoin trading allows traders to explore the market, trading the most liquid cryptocurrency in the trillion-dollar market. You can sell and buy Bitcoin without owning BTC units and profit from the price movements through various Bitcoin-based instruments.
Ethereum (ETH)
Next to Bitcoin is Ethereum, the second most valuable currency by value and one of the most resilient cryptocurrencies ever. Ethereum was created in 2013 and quickly became popular as the native token of the Ethereum blockchain, which increased activities such as decentralized finance. Ethereum has a market cap of $195 billion. Ethereum is available for trading, bringing high liquidity and making buying and selling easier. The adoption rate is also increasing as the Ethereum blockchain provides the crypto industry with advanced product deployment features.
Cardano (ADA)
ADA is the native token of the Cardano blockchain, a relatively new blockchain built to improve the ecosystem’s speed, stability, and usability. Cardano is built for speed and attracts creators looking to develop advanced products that require more rate than the Bitcoin blockchain can handle. ADA is considered resilient in the market, having gone through bearish periods after hitting its all-time high price. You can trade ADS on many brokers, choosing your preferred pair. With a market cap of $8.9 billion, ADA is among the top cryptocurrencies by value.
Solana (SOL)
Solana is another blockchain built to improve the decentralized finance space by enhancing the speed and functionalities of the Ethereum blockchain. SOL is the native token of the Solana blockchain, with a market cap of $7.8 billion. Solana and Cardano are considered resilient layer-1 blockchains because they were initially built to rival Ethereum, an established blockchain in the industry. Sol, just like ADA, has proven resilient in the market over the years despite having bearish periods. The token shows promise for future prices and continues to attract traders.
Binance Coin (BNB)
BNB is the native token of the Binance Smart Chain, a blockchain developed and maintained by Binance. Many traders trade BNB pairs due to the widespread acceptance in the digital industry. You can trade BNB on your favorite broker and use its relatively low volatility to store value. Other notable resilient currencies are Litecoin (LTC), Tron (TRX), Dogecoin (DOGE), and Polygon (MATIC). Led by Bitcoin, these coins continue to form the bulk of the virtual market, having more market cap than others.
As a trader, you can access these top resilient digital currencies without owning them. Gaining access to trade these coins requires trading via a competent and licensed broker, as not all brokers offer crypto trading. Ensure you choose suitable brokers that provide continuous support and excellent trading conditions.
