Bitcoin Cash and Binance Coin Poised to Thrive in Next Crypto Bear Market
According to Bitwise, two cryptocurrencies are poised to be the biggest winners in the next cryptocurrency bear market.
The firm's analysis suggests that Bitcoin Cash (BCH) and Binance Coin (BNB) have the potential to outperform other assets during a downturn.
Bitwise notes that these two coins have historically performed better than others during times of market stress, with BCH gaining 47.5% in value during the 2018 bear market and BNB increasing by 43.2% during the same period.
The firm's analysis is based on a review of historical price data from previous bear markets, which suggests that coins with strong fundamentals and low volatility tend to perform better than others during times of market stress.