BTC, AVAX, ALGO, XTZ, EGLD

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China has attempted to stifle the growth of the cryptocurrency sector on several occasions in the past 12 years, but with the slightest exception, a blanket ban on crypto-trading has not altered the long-term growth of cryptocurrencies. This shows that not a single country, even the second largest economy in the world, can stop the emergence and growth of cryptocurrencies.

Bitcoin (BTC) is likely to “remain highly volatile for the foreseeable future” as most people buy it either for investment or speculation rather than as a medium of exchange, Deutsche Bank analyst Marion Laboury said in an update on the bank’s website.

However, Laboure believes that Bitcoin could become the “digital gold of the twenty-first century” and this trend could continue for centuries without significant government control.

View daily crypto market data. Source: 360 . coin

At Morningstar’s annual investment conference, Dennis Lynch, Head of Asset Management at Counterpoint, likened bitcoin to a South Park Kenny cartoon. “I like to say that bitcoin is like Kenny from South Park — he dies in every episode, and comes back again,” Lynch said.

As the influence of China’s FUD wanes, let’s examine the charts of the top 5 cryptocurrencies that may remain strong in the short term.