The cryptocurrency market was based on the idea of an alternative to the traditional financial system, which involves centralized banking institutions across the globe. After witnessing the failure of traditional financial instruments during landmark events like the financial collapse of 2008, investors started looking for not only new investment vehicles, but also an alternative store of value.
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Over the years, thousands of cryptocurrencies have emerged, but not all of them meet the standards of cautious investors and traders. In 2024, Binance Coin (BNB), NFT Finance (NFTFN) and XRP are among the top choices to keep your money safe. As per crypto pundits, these altcoins have demonstrated the potential to weather a financial storm and maintain their value.
XRP
XRP serves as the native currency of XRP Ledger (XRPL), an open-source decentralized technology that was founded by the team behind Ripple. XRPL employs a unique federated consensus mechanism which enables scalability, high-speed and low-cost transactions. With services like RippleNet and On-Demand Liquidity, Ripple has emerged as a leading alternative to the global financial system.
With XRP, Ripple facilitates cross-border settlements worth billions of dollars. Ripple’s individual and enterprise-grade customers, combined with XRP Ledger’s 70 million ledgers, creates a recurring demand for XRP, keeping its value afloat. With a market capitalization of $34 billion, XRP wields considerable influence over the crypto market, adding to its credibility as a safe investment.
NFT Finance (NFTFN)
As a leading web3 fintech project, NFTFN addresses various challenges surrounding the dynamic NFT market. Leading the charge is its flagship product SuperNova, which offers exposure to blue chip NFT collections like BAYC, Azuki, Doodles and CloneX. This project is backed by the likes of Polygon founder Sandeep Nailwal.
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The NFT market is projected to reach a whopping $230 billion by the end of the decade. As an NFT-centric token, NFTFN is well positioned to endure any financial storm and provide a safe avenue for investors to park their capital and enjoy exponential profits. The token is currently available via presale for just $0.03 (supply limited to 1 billion tokens).
Binance Coin (BNB)
BNB’s integral role in the expansive Binance ecosystem is a major driver of its popularity and growth. This ecosystem, which includes the world’s largest crypto exchange and the popular Binance Smart Chain (BSC) platform, provides a massive user base for BNB and keeps it in demand. BNB’s deflationary tokenomics have had a positive impact on its price over the years.
BNB has gained more than 21% over the past four weeks alone, pushing its market capitalization to $88 billion. BNB’s growth prospects are enhanced by the dynamic Binance ecosystem and the regularly scheduled token burns. BNB’s affiliation with a crypto behemoth like Binance will likely help it whether a financial storm.
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