Many of us wonder if, over time, cryptocurrencies will survive the vertiginous growth of some and the constant creation of others. Therefore, it is necessary to describe the factors that intervene and that may or may not help the cryptocurrencies to continue to maintain their validity over time. So, what is the cryptocurrencies market survival depending on?
Crypto coins are backed by big market caps
According to CoinMarketCap, there are more than 1,500 cryptocurrencies. Bitcoin (BTC) has the biggest market capitalization with $167 billion, while Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and Ethereum (ETH) have market capitalizations that range between about $10 billion and approximately $72 billion.
The next 20 cryptocurrencies present market caps of above $1 billion, while the next 15 are over $100 million, and so on.
Business acceptance is massively important for cryptocurrencies
There is a large number of cryptocurrencies today and, based on this, analysts believe that the cryptocurrencies that will survive in the financial and economic market over time are those that offer greater credibility and confidence to their investors, despite the fluctuating cryptocurrencies market trends.
At the same time, the cryptocurrencies that will survive will be those that enjoy greater business acceptance, such as Ripple (XRP), for example.
Versatility and reliability will help the strong cryptocurrencies survive
Cryptocurrencies must survive the continuous and permanent attack of some attacks coming from financial entities, which continuously think about the risks of investing in cryptos, and governments, which are willing to regulate crypto coins to gain a better control over such digital assets.
At the same time, it is necessary to point out that nowadays most countries are adopting their own regulated cryptocurrencies and although they can reach important positions in the financial market because of the support they have, unregulated cryptocurrencies will remain loyal to investors who want to maintain their privacy and who, at the same time, will not depend on a single economy.
In conclusion, what is the cryptocurrencies market survival depending on is just their own ability to offer reliable, versatile, less risky, anonymous, and valuable investments environment. However, only the strong cryptocurrencies will survive.