The analyst named 3 altcoins, which the bear market will not have an impact on

Cryptanalyst with the nickname Guy named 3 altcoins, which in the next stages of their existence will become immune to the bear market

According to him, the smart contract platforms Ethereum (ETH) and Cardano (ADA), as well as the anonymous monero coin (XMR), are entering decisive stages of their development.

Future testing of the Proof-of-Stake mechanism in the Ethereum test network will soon allow us to move away from the Proof-of-Work system:

“The three projects mentioned above will enter a decisive phase of their existence in the next few weeks. Soon, Ethereum will launch the merger process in its test network and this will be an important step towards the transition of the main network to the Proof-of-Stake mechanism. If everything in the testnet goes according to plan, then there is a chance that the merger in the main network will go according to schedule.”

Guy noted that on June 9, the Monero network will reduce the block reward to 0.6 XMR:

“Since the level of reward per block will remain at the same level for all time, miners will always be interested in protecting the network and they will not need to worry about the fall of remuneration to zero (as it will be with bitcoin).”

Also, the cryptanalyst recalled the Vasil hard fork in the Cardano network, the launch of which is scheduled for the end of June. It should speed up the work of the protocol, as well as reduce the commission for transactions:

“As a result of the Vasil hard fork, a number of proposals will be implemented to improve Cardano, as a result of which the network will become more scalable, which means faster and cheaper transactions. In addition, the Djed stablecoin may soon appear.”

Guy stressed that the rate of a crypto asset is not necessarily a true reflection of its utility:

“Remember that the course is not everything. What happens behind the scenes is the most important and no bear market will stop the development of the best projects.”