26 October,2022 04:31 PM IST | Mumbai | BrandMedia
There will be a general dip in the performance of crypto-related assets. Most coins will lose their value, and traders will lose their investments. While it's a painful period for any well-meaning trader, this season is filled with several opportunities. But what exactly does that mean?
During the bear season, token prices will be at their lowest. This would offer cryptocurrency traders the best chance to purchase top projects at low prices. This way, they can prepare for the coming bull season. The problem is identifying crypto projects to purchase in this ongoing bear market. That's where we come in. This piece will identify some remarkable cryptocurrencies that can be purchased during a bear market.
When many people hear about Polygon, they instantly think about the coin's connection to Ethereum. Why? Because Polygon was designed solely to improve the capacity of Ethereum's blockchain. Polygon is a layer-2 decentralized protocol designed to ensure that crypto traders and developers can access the Ethereum blockchain without difficulties. Its main goal is to reduce the computational workload that Ethereum suffers.
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The price of Polygon has taken a severe hit over the past few months. But a few things could make Polygon a suitable investment during the bear market. The close ties between Polygon and Ethereum will ensure that the former will stay relevant in the coin market for a long time. Polygon is a part of a detailed plan by cryptocurrency developers to improve the Ethereum decentralized protocol. The Ethereum Merge has occurred, and soon after, developers will begin to onboard layer-2 protocols to boost the network. Polygon will be one of these protocols.
Algorand is one of the latest DeFi projects on the coin market. But Algorand is concerned about leaving an impression. Why? Algorand's developers have designed this decentralized protocol for a single reason - to process multiple transactions at once. This decentralized protocol can offer near-instant transaction finality to major payment processors, such as Mastercard, Swift, or Visa.
This project relies on a pure proof-of-stake consensus to support the transactions on its protocol. This cryptocurrency is also an open-source code to which users will be able to make contributions. ALGO is the token that powers this project. There are a total of 10 billion ALGO for crypto traders.
When anyone reviews the capabilities of Rocketize, it's easy to say that this meme project is only interested in leaving a mark in the coin market. Rocketize hopes to pioneer the meme sector by being the first coin to introduce DeFi features to meme coin lovers. Simply put, you'll enjoy the impressive decentralized features of a DeFi system and the trivial nature of a meme coin.
Asides from being a DeFi meme coin, another important feature of Rocketize is that it's built on the Binance Smart Chain. Therefore, you can expect that transactions will occur smoothly and cheaply. As an open-source project, anyone is free to make any reasonable contributions to Rocketize. JATO is designed to adopt a community-driven approach. This approach will put the development of the token in the hands of users - Atomic Nation. Furthermore, this token will utilize a DAO that will let users vote depending on the number of tokens they have.
JATO is going to operate using a deflationary system. This means the total supply of the token will gradually reduce. There are already plans for token burns that will cause this reduction.
Rocketize Token (JATO)
Presale: https://rocket.rocketize.io/
Website: https://rocketize.io/
Telegram: https://t.me/RocketizeTokenOfficial