Place/Date: - August 9th, 2022 at 3:28 pm UTC · 3 min read
Things have started to settle down as many investors were left licking their wounds after the 2022 crypto crash. The strongest cryptos have leveled out, and some are even making a strong comeback with some impressive gains.
So what is the best way to invest in cryptocurrency right now? Let’s examine whether it’s best to go for tried and trusted projects like Cardano (ADA) and Uniswap (UNI) or if now is the time to buy the new meme coin that everybody is talking about, Dogeliens (DOGET).
Dogeliens (DOGET) is a brand new meme coin currently at the presale stage. It is hoping to cash in on the wild popularity of other dog-based meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). However, it prides itself on being much more than just another meme coin.
What makes it different from other meme coins? Well, for a start, it will have added utility, meaning it will do much more with your capital and will have genuine use in the market. Many meme coins rely on hype and influencers to boost the price.
Dogeliens (DOGET) is a decentralised platform for holders, users, and investors. On the platform, users can stake and earn coins with open-source peer-to-peer cryptocurrency. It will enable buyers and sellers to exchange crypto with no hassle and execute trades online anonymously and securely. All of this will happen without needing a third party, which amounts to a big saving in fees.
Uniswap (UNI) has enjoyed a highly positive week, sparked by the announcement that it has moved to acquire Genie, an NFT marketplace aggregator. This will expand its products to include ERC-20s and NFTs.
From autumn 2022, users will be able to buy and sell NFTs without any third-party interference directly on the Uniswap (UNI) web app. They will also be integrating NFTs into their developer APIs and widgets. It will make Uniswap (UNI) a major player for users and builders in web3.
Since the announcement was made 7 days ago, the price of Uniswap (UNI) has shot up by 21.65% at the time of writing.
Cardano’s irrepressible founder Charles Hoskinson is in the headlines again. He has ensured that Cardano (ADA) doesn’t leave the consciousnesses of crypto traders for a second. Brilliantly, he popped up in Congress last week to educate the political elite on the real-world use cases of cryptocurrency.
Using his farm in Colorado as a great analogy, Hoskinson explained how blockchain technology enables marketplaces to thrive. This is due to its permissionless and decentralised nature.
He went on to say that it is absurd to exert such centralised control and that this is not the working of modern-day economies.
It’s hard to argue with that logic. Thanks to Cardano’s (ADA) cutting-edge technology and efficient proof-of-stake network, Cardano (ADA) is and seemingly always will be a great investment.
There is a similar potential for profit if you trade Uniswap (UNI) or the all-new meme coin, Dogeliens (DOGET). The meme coin presents a unique opportunity as the current price of it is low due to being at the presale stage.
Check out the links for more information on Dogeliens (DOGET): Website, Presale, Telegram.
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