The idea of HODLing is quite popular in crypto, but it carries its risks. That’s because, if this bear market sustains, many cryptos will die. This is no longer a hypothetical scenario. So far, a number of projects have run out of money, and are barely hanging on. Exchanges are moving to delist some cryptos too, which is not a very good signal for such cryptos. For instance, Binance has announced that it is delisting a number of cryptocurrencies. Clearly, blind HODLing is no longer a viable strategy. You can lose lots of money hanging on to dead projects that may never recover, even if bulls return. Under such precarious circumstances, which are the best projects to HODL? To make that decision, you need to analyze projects based on their technical developments, as well as the prospects of the industries they are gunning for. Two projects that look good on both of these areas are Cardano (ADA) and IOTA (MIOTA).
Cardano (ADA) is a project that looks good both in terms of technical development and market potential. Starting with its technical developments, Cardano is one of the most advanced blockchains out there. In fact, it is commonly referred to as a blockchain 3.0 project. One of the biggest technical developments to Cardano is Ouroboros. Ouroboros makes Cardano secure, and capable of scaling without the energy requirements of POW blockchains like Bitcoin (BTC). This places it in a good position for adoption, as blockchain goes mainstream. Scalability is a major bottleneck for blockchain, and the fact that Cardano has overcome it makes it high potential crypto that is worth HODLing. From a market perspective, the issue of censorship is becoming a major concern all across the world. As such, applications developed on a permissionless, and highly scalable blockchain like Cardano are likely to grow significantly going into the future. This makes it safe crypto to hold in the long-run.
IOTA (MIOTA) is another project that makes sense to HODL going into the future. From a technical perspective, IOTA (MIOTA) is one of the most advanced projects out there. The IOTA tangle is infinitely scalable, and the IOTA foundation is hard at work in making it better. They have consistently brought in all the right talent to help push it forward. From a look at the market, there is a good chance that IOTA (MIOTA) will prevail. For starters, the world is at a point where it is looking for new innovative solutions to pressing problems such as climate change. IOTA is perfectly positioned to deal with some of these issues. For instance, IOTA is being tested in driverless cars, electric car charging, as well as in the development of smart, environmentally friendly cities. This means that there is a real demand for it, demand that will only keep growing over time. As such, its value is likely to keep growing, which makes it low-risk crypto to HODL.
The future of these two cryptos looks good, no matter how long the crypto bear lasts.