A bull run could be very close to the crypto market’s recent momentum, and investors will definitely start picking their picks. XRP, ADA, MATIC are also among them now, but which currency is the best to join when entering the bull market?
Ripple
XRP has not been able to enjoy the recent bull run like other cryptocurrencies in the space. This is because the US Securities and Exchange Commission (SEC) is still suing Ripple.
XRP price chart 4 hours | Source: Tradingview
When the lawsuit first came to light in 2020, XRP lost more than 40% of its value and has been unable to recover since. It is the only large-cap coin that failed to make a new all-time high (ATH) in 2021.
However, the next bull run may be different for the digital asset, as the lawsuit is expected to end around 2023. If it does, XRP’s performance in the final market could be separate from the lawsuit, regardless of the outcome.
If Ripple wins the lawsuit, XRP will definitely rise and vice versa.
Ada
Cardano (ADA) has consistently performed well in every bull market. Each time, the price hit a new ATH, rising more than 10x in the 2021 bull run alone. The trend has been working well and above the previous ATH makes ADA a top pick for the next bull run. .
4-hour ADA price chart | Source: Tradingview
The token is also down over 87% from its ATH of $3.1. Therefore, if it follows the established trend, the price may increase at least 10 times in the next bull market. Additionally, the Cardano blockchain is also at the top of the list of most developed networks, and ADA recovery may be easy from now on.
matic
Last but not least polygons (MATIC). The cryptocurrency has many advantages that underlie its upside potential. Now, MATIC is the natural choice for projects looking to build on Ethereum but without the scalability issues and high fees of layer 1 blockchains.
As a result, Polygon gradually gained more usage, and the ecosystem’s native cryptocurrency, MATIC, also benefited from this growth. Currently, MATIC is the only large-cap coin that is 50% below its ATH.
MATIC 4-hour chart | Source: Tradingview
As long as Polygon maintains momentum while following the overall market trend, MATIC is likely to be the first major coin to hit a new ATH.
get conclusion
For each coin mentioned, it will ultimately come down to individual investor preference. Each of these tokens has previously proven to be a good bet, leading to rapid growth. However, like all investments, they carry a degree of risk that can cause investors to lose money. In the end, it’s important that you do your own research and come up with a good strategy.
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