The bears are slowly making way for the bulls. Despite the red lights that trailed for many months in the previous year, some cryptocurrencies still had their heads high. The likes of Tron (TRX), Ripple’s XRP, and Litecoin (LTC) are three coins that have futuristic tendencies.
These coins have stood their grounds despite deeps in the market. As the New Year unfolds, the crypto community is watching for the bulls.
Then, the next question is: What happens if the bears dominate major part of the year like 2018? What would be the fate of cryptocurrencies? In the event of a major market crash, will Tron (TRX), Ripple (XRP), and Litecoin (LTC) hold sway? Lastly, what should you do with these three coins if the market eventually crashes?
Tron (TRX) is beyond Cryptocurrency
The recent crash that saw Bitcoin (BTC) hitting $3,300 low is a clue that all is not well in the crypto sphere. Yet, Tron (TRX) is keen on repositioning its value. The coin still maintains a good stake in the top 15 coins by market cap. In addition, it has gone beyond conventional cryptocurrency. In the event of a crash, Tron (TRX) will find solace in its dApp development network, BitTorrent, Project Atlas, amongst others that will make the altcoin maintain a solid support.
Users can also utilize the coin for payments on accepted platforms such as Bitcoin Superstore.
Many analysts are skeptical of the coin’s future. This is because of the high supply and the hypes that trail it. It is interesting to know that even if the market crashes, Tron (TRX) has got some other things to leverage, which will help it find a rigid support.
Lastly, the fact that Tron is opting for the creation of privacy in its cryptocurrency is a strong sign that the altcoin is an obligation in the space irrespective of the situation.
A Ripple (XRP) Payment can Trigger Ripples
This will not be the first time Ripple’s XRP will witness a market crash. The coin had been in the low for some time. The price dropped by 26% on January 5, 2018 after Coinbase emphatically refuted claims of XRP integration to the exchange. Other issues such as centralization also result into a crash in its prices.
Despite this, Ripple’s XRP can make a lot of difference. The payment instrument, xRapid is widely accepted. In the light of this, more financial institutions are set to utilize the coin for cross-border transactions. Hence, Ripple (XRP) can fall back on the real-world payments pending the return of the bulls.
Litecoin (LTC) leads; others follow
Being placed among the top ten crypto coins by market cap is no small feat. There is no doubt that Litecoin (LTC) tops the chart above Tron (TRX), and it has once been atop Ripple (XRP). At the moment, Litecoin seems to regaining its past glories, and the coin is bound to bounce back after the devastating crash.
Aside trades, partnerships play vital roles in the success of every cryptocurrency. For Litecoin (LTC), the massive acceptance it generates in China is impressive. The lightning network, facilitated transactions, and reduced transaction costs are reasons why the coin will be useful in real-world scenarios nonetheless the situation.
Market Crashes are Far Away
The year 2019 is tipped with widespread acceptance of crypto consolidation. The greens are gradually creeping in. Tron (TRX), Litecoin (LTC), and Ripple’s XRP are three coins that can be held unto in a market crash due to the potentials they display.
After swerving previous crashes, it is evident that these coins have all it takes to weather the storms. Though a major crash might not be here, but these coins are ready to survive price onslaught and it is excellent to know what to do with them when the market falls out of favor.