CRYPTO

BTC, AVAX, ALGO, XTZ, EGLD


China has tried to stifle the growth of the crypto sector at various times over the past 12 years, but the long-term growth of the cryptocurrency has not changed as it has banned blankets in crypto-commerce, eliminating minor problems. It shows that no single country, even the world’s second largest economy, can stop the rise and growth of cryptocurrencies.

Deutsche Bank analyst Marion Labour said in an update on the bank’s website that Bitcoin (BTC) is likely to be “extremely volatile in the near future” because most people buy it for investment or speculation rather than using it as a medium of exchange.

However, Laboure believes that Bitcoin could become the “digital gold of the 21st century” and that this trend could continue for centuries without any major government control.

Daily view of crypto market data. Source: Coin 360

At Morningstar’s annual investment conference, Dennis Lynch, head of asset management at Counterpoint, compared Bitcoin to Kenny, a cartoon character from South Park. Lynch says: “I mean, like Kenny in Bitcoin’s South Park – he dies every episode and comes back again.”

As the impact of the China FUD diminishes, let’s study the lists of top-5 cryptocurrencies that could remain strong in the short term.