It is no news that the cryptocurrency industry is currently experiencing a tough period. Since crypto markets crashed alongside global financial markets in the summer, the industry has been plunged into a long and enduring bear market that does not appear to be coming to an end anytime soon. The effects have been catastrophic, especially for crypto regulars such as traders and investors. The bear market’s presence means an extreme level of market volatility and negative crypto prices that result in difficulty in completing popular crypto operations like trading and investing, thus resulting in losses. To remedy the situation, crypto regulars are exploring various strategies to ensure their businesses security and safety.
One such strategy is long-term cryptocurrency investing. It is a strategy that allows cryptocurrency to vest for an extended period and accumulate massive profits in the process and is an ideal counter in the current climate. Since the chances of success of a long-term cryptocurrency investment depend entirely on the cryptocurrency, this piece discusses three up-and-coming cryptocurrencies that could have massive returns amid the ongoing bear market. Here’s why you should invest in Near Protocol (NEAR), Chainlink (LINK) and Dogeliens Token (DOGET).
Near Protocol (NEAR) The Layer One Blockchain
Near Protocol (NEAR) is a layer-one blockchain platform within the cryptocurrency industry notable for providing feasible solutions to several problems that older systems have been battling, particularly transaction speeds, scalability and interoperability. Its design allows it to operate as a community-run cloud computing platform with impressive speeds and performance levels. Within the industry, Near Protocol (NEAR) is notable for being an ideal environment for creating and deploying Decentralized Applications (dApps).
Its native cryptocurrency, NEAR, facilitates several operations within its ecosystem, such as network governance and payment fees. It also incentivizes the Near Protocol ecosystem and is an ideal cryptocurrency for day-to-day activities within the industry. NEAR is a highly sought-after cryptocurrency with stocks on prominent crypto platforms within the industry.
Chainlink (LINK) The Notable Blockchain
Chainlink (LINK) is a notable blockchain abstraction layer within the cryptocurrency industry. It is a platform that enables universally connected smart contracts through a decentralized oracle network and allows blockchain networks to securely interact with external data feeds, events and payment methods. As one of the few blockchain networks providing feasible solutions to the interoperability problem, Chainlink (LINK) has become very popular within the industry. Asides facilitating interoperability, Chainlink (LINK) also allows the integration of off-chain data into smart contracts.
Its native cryptocurrency, LINK, is an integral part of its ecosystem and is responsible for incentivizing the network and facilitating several crypto operations, such as network governance and payment fees. LINK is a popular cryptocurrency within the industry with stocks on prominent crypto platforms.
Dogeliens Token (DOGET) The New Meme Coin
Dogeliens Token (DOGET) is an upcoming meme currency within the industry that seeks to significantly impact the meme coin sector with various use cases and real-life applications. The token possesses Decentralized Finance (De-Fi) features that make it ideal for several De-Fi operations, such as staking and earning. As a meme coin, it seeks to carry on the work that industry-leading meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have begun within the industry.
Interest in the Dogeliens Token (DOGET) stems from its massive supply and low transaction costs. Within the current climate, the token is emerging as a suitable option for long-term cryptocurrency investments that struggling investors should consider. For more information on the Dogeliens Token (DOGET) click the links below.