Place/Date: - November 1st, 2022 at 1:08 pm UTC · 3 min read
The ongoing bear market has been particularly difficult, even by bear market standards. Beginning in the summer after crypto markets crashed alongside global financial markets, the ongoing bear market is the longest in crypto history and by far the most challenging. The world’s largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), have seen record lows in the current climate and could dip even further.
As the biggest cryptocurrencies are too volatile to consider, crypto investors should consider lesser-known altcoins that possess massive growth potential for long-term cryptocurrency investing. There are many cryptocurrencies that fit this bill, but this piece focuses on three that are head and shoulders above the rest for several reasons. Here’s what makes Cosmos (ATOM), Decentraland (MANA) and Dogeliens Token (DOGET) fantastic investment options in the ongoing bear market.
Cosmos (ATOM) is a notable blockchain platform in the cryptocurrency industry that provides feasible solutions to problems that older blockchain systems have battled and continue to battle with, such as energy efficiency, scalability and fragmentation. Within the industry, Cosmos (ATOM) is notable for making blockchain technology less complex and difficult for developers. This is made possible thanks to a modular framework that demystifies decentralized apps (dApps). Cosmos (ATOM) is a platform that focuses on modularity.
Its native cryptocurrency, ATOM, plays an integral role in its ecosystem. ATOM is a cryptocurrency that incentivizes the Cosmos network and facilitates several crypto operations within its ecosystem, such as network governance, payment fees and user interaction. As an industry-leading cryptocurrency, ATOM is available on several crypto platforms, such as Binance, Coinbase and FTX.
Decentraland (MANA) is a notable virtual reality and gaming platform within the cryptocurrency industry that provides an ideal environment for members of the crypto gaming community to create, experience, and monetize content and applications. On Decentraland (MANA), many operations are possible. It is a virtual world where users purchase plots of land that they can later navigate, build upon and monetize. Decentraland (MANA) runs on the Ethereum (ETH) blockchain network and is a pioneer within the young but burgeoning GameFi industry.
Its native cryptocurrency, MANA, plays an integral role in its ecosystem. MANA is a cryptocurrency that incentivizes the Decentraland platform and facilitates several operations within its ecosystem, such as network governance, payment fees and user interaction. MANA is available on several crypto platforms within the industry, such as Binance and Coinbase.
Dogeliens (DOGET) is an upcoming cryptocurrency within the industry that is currently attracting a lot of interest for several reasons. A meme coin, in essence, Dogeliens (DOGET) seeks to continue the work that industry-leading meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have done within the cryptocurrency industry. It will introduce more use cases and real-life applications for meme coins and usher in a new era within the meme coin sector.
Dogeliens Token (DOGET) goes on presale in the coming weeks and could make an excellent cryptocurrency investment in the current climate. For more information on the token and its presale, watch this space. You can access more information on Dogeliens (DOGET) here.
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