3 Cryptocurrencies That Will Outlast This Crypto Winter
This past year in crypto is one that will likely go down in infamy. From the collapse of the Terra stablecoin in May that sent shockwaves through the crypto economy to the more recent implosion of the popular crypto exchange FTX, headlines in 2022 have been chock full of bankruptcies, shocking price declines, and scandals. Of course, the hope among token holders is that this crypto winter will thaw soon, but even if it lasts longer, these three Motley Fool contributors are optimistic that Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Fantom (CRYPTO: FTM) will survive.
Neil Patel (Bitcoin): When trying to identify cryptocurrencies that can make it through the current market downturn and shine bright on the other side, investors should focus on longevity first and foremost. I'll get no points for originality with this recommendation, but based on this perspective, Bitcoin -- the world's most valuable cryptocurrency -- immediately comes to mind as a digital asset that will easily outlast the current crypto winter.
Launched in January 2009, Bitcoin is the oldest and most developed cryptocurrency. It has already endured multiple crypto winters over the past 13 or so years, only to subsequently reach new highs. And this gives me much confidence that it will still be around once the current market turns around. What's more, a plethora of financial instruments and infrastructure systems have already been built to support the Bitcoin ecosystem, and these developments are here to stay. As of this writing, Bitcoin's market cap of $330 billion is more than double that of the next biggest crypto, Ethereum, a dominating lead I don't think will change anytime soon.
Source Fool.com
