Only the fittest altcoins will survive

[Goldlife]

The altcoin market has been through tough times. At one point, the market lost over 90% of its value from its peak of $780 billion in January 2018. Many altcoin projects that were supposed to be “the next big thing” are nowhere to be seen today, observes Cointelegraph writer Henry Child.

We see Darwinism in nature, where natural selection means only the fittest survive. We also see these same principles in capitalism — the automobile replaced the horse and carriage, email replaced fax, and online streaming replaced DVDs.

Now, we’re beginning to see a Darwinian selection process in the altcoin market. Altcoin projects unfit to survive have been either eradicated or abandoned, whereas projects that are committed to delivering value to their users have generally made it through the crypto winter and are beginning to flourish. Projects such as Chainlink and Cosmos have even claimed spots among the top 20 cryptocurrencies. We’re beginning to see the resurgence of altcoins.

A new generation of altcoins are beginning to make waves, and these projects seem to have a number of traits in common.

Proven use cases
Most of the altcoins that are considered top contenders today have proven use cases with proven users. Projects such as Ethereum (ETH), Tron (TRON) and EOS (EOS) are still in the top 20 today because they provide a robust ecosystem for decentralized apps with smart contract functionality. A quick look at the top DApps shows that these three platforms are home to the DApps with the most users and DApp usage. They host applications such as games, gambling platforms and decentralized exchanges, providing users with real value and entertainment. Games such as EOS Dynasty and My Crypto Heroes have thousands of active users per day. 888Tron, the gambling platform on Tron’s blockchain, has $800,000 in daily gambling volume. Exchanges such as Eosfinex and NewDex provide users with an ultra-secure, high-liquidity, non-custodial trading solution.

More info: https://asiatimes.com/2020/03/only-the-fittest-alt-coins-will-survive/

[Richard_1]

I want to agree with the author of the article about the survival of the most popular and useful altcoins for the world community. As you can see, the law of survival of the fittest operates everywhere)