A very unusual combination: three altcoins rarely mentioned in the same sentence. However, there is one thing that is a common denominator for these three coins and that is their resistance to this bear market.
Holochain, Chainlink and Binance Coin are three coins that have lost the least of their value in comparison to their all time highs.
Holochain is far and away the best performing coin in the market and it lost only 18% of its value to the all time high that it reached only 19 days ago when HOT was valued at $0.00157 to the current $0.00129.
Holo sits on top of Holochain and it is a distributed network of hosts and users sharing and consuming computing power to host decentralized applications (dapps), data repositories, etc., and hosts are paid for their services. But in the same way Holochain is not a blockchain, according to the development team, Holo is also not a token. It’s an “asset-backed mutual-credit crypto-accounting system” that Holochain designed for use between participants and for immunity to volatile or speculative habits common to crypto-projects.
Second place is reserved for BNB, an ERC20 based token issued by Binance with a total supply of 200,000,000 coins. BNB coin is used on the Binance cryptocurrency exchange to pay for trading fees, enabling a discount on your trades! BNB is down “only” 60% since its all time high – currently priced at $8.98 per token.
Third place in this list is LINK – a platform which attempts to bridge the gap between smart contracts on the blockchain and real-world applications, which often tend to be off the blockchain. The cryptocurrency uses “oracles”, which find and verify real-world data and bring it on-chain to be integrated into smart contracts. LINK is down by 66% to its ATH of $1.29 to the current $0.434.
NOTE: we have ignored the BSV from this list as it is a bitcoin cash fork that was created only months ago so its numbers are not relevant for this comparison.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com