Looking at the current situation, one can say that there are many cryptocurrencies that might disappear in the near future.
A spectacular increase in the demand for cryptocurrencies in the year 2021 and the present comes as no big surprise. As more people are inclined towards alternate sources of income, the cryptocurrency market has seen demand like never before. Though Bitcoin has always managed to draw eyeballs from everywhere around, there are other cryptocurrencies as well, that stand the potential to make it into your investment portfolio. But looking at the current situation, one can say that there are many cryptocurrencies that might disappear in the near future. This article features the top 10 cryptocurrencies that could disappear before 2022 ends.
The Shiba Inu (SHIB) price has been plummeting for the past few months. The coin will make marginal gains and then dip further in the next bearish market condition. That’s why it has been plummeting for the past 5 months, and crypto experts say that Shiba Inu might drop further. The biggest problem for SHIB right now is the reducing number of transactions, dropping the holder’s account, and dropping the token price. Though Shiba Inu is loved by everyone there are chances that it will fail to survive the bear market.
How can we forget about the famous Terra Luna crash? Terra is one of those cryptocurrencies that are the reason of crypto market turns bearish. Touching its ATH of US$118 in April to going completely zero in May 2022, Terra has seen it all. So, if you see this cryptocurrency disappearing by the end of 2022, don’t be surprised.
Volatility is nothing new in the crypto market, but the collapse of algorithmic stablecoin TerraUSD (UST) sent a shockwave through the entire sector. The price of TerraUSD plummeted far below its targeted US$1 peg. Luna, the Terra blockchain’s native currency, also dropped nearly 97% in the 24 hours to 4:30 pm ET Thursday, May 12. It’s almost been 3 months and still, there is no sign of progress with this cryptocurrency.
Zcash was launched by one of the most respected technical teams in the world. Zcash is the ‘https of blockchains,’ protecting your freedom to save and spend as you like. Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency. Multiple, independent organizations are funded to innovate on Zcash.
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to “create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.” Cosmos is a proof-of-stake chain.
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. The blockchain has a native token known as eGold or EGLD, that is used for paying network fees, staking, and rewarding validators.
Avalanche (AVAX), the native token of the smart-contracts platform led by former Cornell professor Emin Gün Sirer. AVAX price sees investors fleeing for the exit, putting crypto in a downward spiral. Avalanche price is suffering from the repercussions of the current dismal market mood, from which traders still need to make money. Today’s bearish action now puts the token 80% down from its all-time high of US$146.22 recorded back in November 2021.
A number of factors can explain this price drop and why the Cardano price is not growing. The crashing crypto market is the first reason. Interruptions by the FED over the past few months have crashed the money market, including the crypto market. FED is also the reason why Cardano and the crypto market at large are bearish today. The other big reason why the Cardano price is not growing is the competition. Exciting new projects are offering better returns and are attracting the crypto community.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018 but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading on the blockchain versus that of traditional exchanges.
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