Choise.ai

<p>No cryptocurrency has come out of the  2022 crypto winter unscathed. But some of them managed to demostrate  surprising resilience.</p><p>The talk around the crypto space has  been vibrant lately because of a prolonged bear market, seeing the  prices of every asset in the crypto market plummet extensively. At one  point, the overall valuation of the crypto market dipped below the $1  trillion mark, down from an all-time high of roughly $3 trillion. Even  the world’s foremost cryptocurrency, <a href="https://www.coinspeaker.com/coins/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, lost 65% of its all-time high price.</p><p>But  the widespread mayhem did not affect all digital assets the same way.  This short article will look at four coins that have fared relatively  well despite the general downtrend in the broader crypto market.</p><h2 id="header-0">USD Coin</h2><p>USD Coin (<a href="https://www.coinspeaker.com/coins/usd-coin/" rel="noopener noreferrer nofollow">USDC</a>) is a widely accepted stablecoin issued and managed by <a href="https://www.coinspeaker.com/organizations/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a> and Circle. In a bad market where many stablecoins have uncoupled from their dollar pegs, USDC has done well, beating Tether (<a href="https://www.coinspeaker.com/coins/tether/" rel="noopener noreferrer nofollow">USDT</a>) to become the most popular stablecoin on the Ethereum network.</p><p>When Terra USD (UST) went bankrupt in May, USDC and USDT tried to fill the $18 billion hole it left. A <a href="https://www.coindesk.com/markets/2022/05/25/crypto-whales-ditched-tether-for-usdc-after-stablecoin-panic/" rel="noopener noreferrer nofollow">report</a> by CoinMetrics, a company that analyzes blockchain data, showed that at  least 147 Ethereum addresses increased their USDC holdings by about $1  million while decreasing their USDT balances by the same amount.</p><p>Currently, the free-float supply of USDC on the <a href="https://www.coinspeaker.com/coins/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> blockchain is much higher than any other stablecoin. According to  CoinMarketCap, USDC is currently trading at its $1 peg. The stablecoin  had a 24-hour trading volume just north of $6.5 billion and a live  market cap of $53,436,188,345. These numbers show that USDC is shrugging  off the worst of the crypto winter.</p><h2 id="header-1">Uniswap</h2><p>Uniswap (UNI)  was built on top of the Ethereum blockchain. It uses a new model called  an automated market maker (AMM) that lets users trade cryptocurrency  tokens without a third party.</p><p>It has since become the crypto sector’s leading decentralized exchange (DEX) platform.</p><p>Even though the market is down, Uniswap’s trading volume recently went over <a href="https://blockworks.co/uniswap-hits-1t-trade-volume-milestone/" rel="noopener noreferrer nofollow">$1 trillion</a>, showing that the company is still growing and doing well.</p><p>Uniswap’s  native token, UNI, was initially sold for slightly less than $4 back in  2020. It then rose to more than $43 before being range-bound between $3  and $4.</p><p>At the time of writing, UNI was trading at $8.13, with a  24-hour trading volume of $158,417,748 and a market cap of  $6,055,456,242. More than 102 million trades have occurred on Uniswap,  showing its reliability. And as we get closer to the end of the crypto  winter, things can only improve for the platform.</p><h2 id="header-2">Choise.com</h2><p>Choise.com  is a one-click MetaFi ecosystem that efficiently and reliably links  CeFi users to DeFi products. It is a unique and innovative project that  seeks to lower the entry barriers into CeFi and DeFi spaces to aggregate  and offer the best earn products.</p><p>The platform revolves around a  proprietary DeFi ecosystem called Charism, which features several earn  products that offer high cross-chain yields and reduced commissions. One  of them are limited DeFi interest accounts that allow users to earn up  to 26% APR on the platform’s native <a href="https://choise.com/cho" rel="noopener noreferrer nofollow">CHO</a> token, as well as several others.</p><p>CHO is also used for staking, voting, promotion, and gas fees.</p><p>The token was recently listed on several exchanges, including Uniswap, LBank, MEXC, and Raydium. Recently the top management <a href="https://coincodex.com/article/17675/altcoin-of-the-metafi-ecosystem-has-seen-146-growth-in-2-months-while-btc-grew-only-23/" rel="noopener noreferrer nofollow">announced</a> another upcoming listing on one of the major CEXes. According to  CoinMarketCap, CHO currently trades at $1.01 and has a trading volume of  $923,539. Going by its current market price, the token has gained  approximately 74% YTD, showing that it has weathered the long-running  bear market quite well.</p><h2 id="header-3">Fantom</h2><p>Fantom (FTM) is a  well-known alternative to Ethereum. The smart contract project is a  layer-1 protocol used to build DeFi solutions.</p><p>Fantom provides  high scalability, lower energy requirements, and lower fees than other  blockchains by utilizing Tangle’s proof-of-stake (PoS) consensus  algorithm. According to DeFiLlama, the project has gained traction among  prominent altcoin investors and currently ranks eighth on the list of  top DeFi chains.</p><p>FTM has been steadily increasing its crypto  influence over the past few months. That is clear because it recently  launched its own stablecoin, fUSD. This launch could make more investors  want to buy FTM in the year’s second half.</p><p>FTM is the 57th largest cryptocurrency by market cap. It is priced at $0.35 and has a 24-hour trading volume of $226,592,210.</p><h2 id="header-4">Conclusion</h2><p>No  cryptocurrency has come out of the 2022 crypto winter unscathed. But in  our opinion, the above four represent surprising resilience.</p><p>CHO  is a fledgling project with lots of promise. USDC has been around for a  long time, doing well as its competitors fall off the face of the  financial world.</p><p>On the other hand, UNI and FTM are highly viable  projects with solid fundamentals, which, despite losing a chunk of their  value in the prolonged bear market, are expected to get back on track  presently.</p>

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