2022-7-23 15:42 |
The overlapping factors responsible for creating a bear market can rarely be predicted.
A case study would be Bitcoin (BTC) which obtained an all-time high of $69,000 and then slumped recently to an $18,000 low. Declines like that, in any cryptocurrency, can prove damaging to investments if resources are not channeled to alternative profitable cryptocurrencies and opportunities.
Here, we have explored three potentially profitable investment opportunities to enable you to stay afloat in the cryptocurrency bear market.
Cardano (ADA) – one to watchAmong cryptocurrencies that share a record of dropping in value recently, Cardano (ADA) stands out with a promise of growth assured via analytical predictions.
ADA, the native token of the Cardano network, currently holds a market value below $0.50 and an all-time high of $3.10. It is built on proof-of-stake technology rather than algorithmic methods reducing gas fees, and runs an average of 250 transactions per second, far exceeding the Ethereum network with speed.
With such innovations and phase-based implementations, Cardano, (ADA) is speculated by several crypto-enthusiasts and analysts to rise to figures ranging from $0.97 to $49.98 before 2030.
With a market cap of $15.78 billion and ADA down 75% from its all-time high, it presents room for growth and returns on investment.
Solana (SOL) – is a recovery on the cards?The Solana Ecosystem is one of the fastest, most accessible, and more popular networks in the cryptocurrency space. With an all-time high of $260.06 and a recorded low of $0.5052, Solana (SOL) stands as a crypto asset that has performed arguably well, although concerns regarding centralization have had a ripple effect on the coin.
Predictions state that recent GameFi collaborations will boost the performance of the Solana token (SOL).
With a market cap of $12.3 billion and a current token value of $35.18, the coin is predicted by experts to reach between $44.91 – $56.39 if it continues a bullish trend.
Degrain (DRGN) – high potential investment opportunityWith a promise of inclusivity and decentralization, Degrain plans to restructure the trend and is capitalizing on limitations within the existing NFT industry.
It aims to be the world’s first NFT marketplace to enable cross-chain exchange for traders and NFT creators in the marketplace.
It has identified the lack of real-world utility as one of the limitations of current NFT platforms and intends to work with real-world companies whilst distributing this revenue to investors and stakers of its token, DGRN.
It has just launched its presale on July 7th, with 11 million tokens sold in 60 seconds, causing a number of crypto analysts to take notice.
As an investment option, it offers the perfect opportunity within the cryptocurrency bear market as the platform encourages users to trade, offers a safer and more decentralized pathway, and also helps users generate massive ROI.
Using the native token, DRGN, Degrain could accelerate the upward trend in exchange and volume sales of NFT.
Presently in its early days, analysts expect an increase of 5000% before September 30th, 2022, when the pre-sale ends. It is a rare opportunity to invest in a project with so much potential. With the current token price of $0.01, it is a strong contender to be one of the greatest investment opportunities of 2022.
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The post Cryptocurrency Bear Market Opportunities: Cardano (ADA), Solana (SOL), and Degrain (DGRN) appeared first on BeInCrypto.
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