This year will undoubtedly be remembered as one of the worst in crypto history, and much of it would be due to the ongoing bear market.
This year will undoubtedly be remembered as one of the worst in crypto history, and much of it would be due to the ongoing bear market. Spanning over six months, it is the longest bear market in crypto history and by far the most challenging. The bear market has caused serious conversations about the stability and future of crypto within the global community and has no doubt hindered the rapid growth that the industry has experienced over the last few years. Still, there is no denying cryptos benefits and use cases, and as many crypto experts have stated, this bear market could result in massive growth and development of the industry.
In the current climate, many crypto investors are prioritizing long-term cryptocurrency investing over the short-term. The reason is simple, long-term cryptocurrency investing protects crypto assets from the effects of the bear market and allows them to accumulate profits in the long run. This manner of operations proves best in the current climate and could save many struggling crypto investors. We look at three cryptocurrencies with the right qualities to make fantastic crypto investments in this piece. Here’s why you should invest in Dogeliens Token (DOGET), Cosmos (ATOM) and Elrond (EGLD).
Cosmos (ATOM) Introduces a New Framework
Cosmos (ATOM) is a notable blockchain platform within the cryptocurrency industry that not only provides solutions to some of the hardest issues within it, such as slow speeds, high expense, unscalability, energy efficiency and fragmentation but also provides an ideal environment for creating and deploying blockchain networks. Cosmos (ATOM) provides an ecosystem of connected blockchains as a solution to the slow, expensive, unscalable and environmentally harmful proof-of-work (PoW) protocols that older blockchain networks such as Bitcoin (BTC) make use of.
Additionally, Cosmos (ATOM) seeks to advance the appeal of blockchain technology within the cryptocurrency industry through a modular framework that demystifies decentralized apps (dApps) and an Inter Blockchain Communication protocol that makes it easier for blockchain networks to communicate with each other. Its native cryptocurrency, ATOM, powers the network and facilitates crypto operations, such as network governance, user interaction and payment fees.
Elrond (EGLD) Fast Transaction Speeds
Elrond (EGLD) is a popular blockchain protocol within the cryptocurrency industry notable for providing extremely fast transaction speeds. It achieves this through a technology known as sharding. Within the cryptocurrency industry, Elrond is considered a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things (IoT). Additionally, Elrond allows developers to deploy smart contracts, protocols, and dApps on the platform.
Its native cryptocurrency, EGLD, supports the network and facilitates several crypto operations within its ecosystem, such as network governance, user interaction and payment fees.
Dogeliens Token (DOGET) Rockets Into the Cryptosphere
Dogeliens Token (DOGET) is an upcoming meme currency that has recently become the subject of anticipation and excitement within the cryptocurrency industry. A large part of it is down to its many attractive features, which include a massive supply and an exciting roadmap. Dogeliens Token is a next-generation meme currency that would likely continue the efforts of industry-leading meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogeliens Token (DOGET) is currently on presale and could be a fantastic crypto investment in the current climate. For more information on the token and its native platform, click here.
Check out the links for more information on Dogeliens: Website, Presale, Telegram.