3 Altcoins That Can Survive The Bear Market
OKB, Filecoin (FIL), and Zcash (ZEC) are highlighted as potential altcoins capable of surviving a crypto bear market based on different survival styles.Summary
As the crypto market enters a potential bear phase, traders are seeking assets that can hold value. This article identifies three altcoins based on distinct survival criteria: past outperformance against Bitcoin, inverse correlation during downturns, or strong current momentum.
OKB (OKB) is presented as a hedge, citing its nearly 493% gain relative to Bitcoin during the 2022-2023 bear market. While currently soft, technical indicators suggest potential reversal pressure, and its link to the major OKX exchange provides a strong fundamental base.
Filecoin (FIL) is noted for its inverse correlation with Bitcoin, moving higher when the broader market falls, evidenced by a -0.40 monthly correlation. This suggests it may decouple if Bitcoin continues to lose support. Technically, FIL is pushing against a pennant pattern's upper trend line.
Zcash (ZEC) is highlighted as the momentum pick, showing massive gains (over 1,600% in three months) while Bitcoin declined. This strength is supported by growing interest in privacy coins following Ethereum's Kohaku developments. ZEC is pressing against a flag pattern, and a volume confirmation (OBV breakout) would validate its upward trajectory.
(Source：BeInCrypto)