August 20th, 2022 at 8:08 am UTC · 3 min read
Cryptocurrency markets, which are starting to give positive signals, point to a very productive process for long-term investments. In this bear market, which is expected to provide high profitability to investors in the long run, new projects are followed closely due to their seemingly risk-free nature. Investors are keeping a close eye on new ecosystems such as Klangaverse (KLG), along with other altcoins. Although Klangaverse (KLG) is a new project, it has already gathered some major investors.
The Klangaverse (KLG) ecosystem, which has a comprehensive mission to bring together the music industry and NFT markets, draws a very remarkable appearance with its roadmap. In the ecosystem, the works of musicians are verified in NFT format. Aiming to combine the music industry as we know it with blockchain, the ecosystem also allows listening and purchasing of music. It plans to pay a certain amount of royalties to NFT owners with the streams made on the ecosystem.
Klangaverse (KLG) is particularly focused on decentralization. The developers state that the ecosystem will support both musicians and listeners by eliminating intermediaries. Klangaverse (KLG), which also has an extensive marketing campaign, will expand its audience exponentially in the long run.
Decentraland (MANA) is a decentralized virtual world that runs on the Ethereum blockchain. The project’s goal is to create a virtual reality platform that is censorship-resistant and owned by its users. Decentraland (MANA) is made up of parcels of land that are managed by smart contracts. Landowners can develop their parcels as they see fit, and users can interact with each other and with applications that are built on the platform.
Decentraland’s native currency is MANA, which is used to purchase land and pay for goods and services within the virtual world. The price of Decentraland (MANA) has seen a significant decline since the 2022 crypto crash, but the project continues to be one of the most popular decentralized applications on the Ethereum blockchain.
Despite the crypto crash, Axie Infinity (AXS) still stays strong. That’s because its purpose is to create utility for its users, not just to store value like many other cryptocurrencies. Its features include its in-game economy, which allows users to trade their assets for other cryptocurrencies or fiat currency; its battle system, where users can train and compete their Axies against each other; and its breeding system, where users can breed new Axie creatures with different abilities and traits. All of these features give Axie Infinity (AXS) utility, which is why it’s still going strong despite the crypto winter.
The crypto winter looks to have hit its bottom, and with it, the prices of many different coins will start to rise. While many different altcoins could potentially see a surge in value after the winter ends, we believe that Klangaverse (KLG), Axie Infinity (AXS), and Decentraland (MANA) have some of the highest growth potential within their prospective industry. If you’re looking to invest in cryptocurrencies ahead of the impending bull run, these three coins should be considered. Despite the current cryptocurrency market conditions, we believe that investing in Klangaverse (KLG) can still provide long-term profitability – so don’t miss your chance to get in on this up-and-coming coin!
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