The ongoing bear market within the cryptocurrency is unexpectedly putting a strain on the affairs of crypto regulars, such as traders and investors. Bear markets are lengthy spells of extreme market volatility and negative prices, so the current situation within the industry is not at all surprising.
What is surprising, though, is the severity of the ongoing bear market. It is already notable for being the longest bear market in crypto history and could very well become known as the toughest. Within the current climate, industry-leading cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have been the biggest losers.
The volatility that the industry’s biggest cryptocurrencies are experiencing is creating an opportunity for lesser-known altcoins to shine. Some of these altcoins possess massive growth potential, making them ideal for long-term cryptocurrency investing, a tested and trusted strategy in the ongoing bear market. This piece discusses three altcoins that fit this bill and are worth consideration by cryptic investors. Here’s all you need to know about XRP (XRP), Cardano (ADA), and Dogeliens Token (DOGET).
XRP, The Popular Open Source
XRP is a popular open-source, permissionless, and decentralized technology within the cryptocurrency industry. It possesses attractive features that put it head and shoulders above the competition, such as low cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second), and inherently green attributes (carbon-neutral and energy-efficient).
The XRP platform technology is ideal for various applications related to payments within the banking and finance sector, such as micropayments, DeFi, and NFTs.
Its native cryptocurrency, XRP, plays an integral role in its ecosystem and facilitates several crypto operations, such as network governance, payment fees, and user interaction. XRP is a top ten cryptocurrency with stock on prominent crypto platforms within the industry, such as Binance and Coinbase.
Cardano (ADA) The Notable Proof of Stake
Cardano is a notable proof-of-stake (PoS) blockchain platform within the cryptocurrency industry that seeks to bring about positive change within the global community. It aims to achieve this by providing an open-source crypto project that will “redistribute power from unaccountable structures to the margins to individuals,” helping to create a more secure, transparent, and fair society. Within the cryptocurrency industry, Cardano (ADA) is notable for providing feasible solutions to problems that have plagued older systems, particularly scalability and energy efficiency.
Its native cryptocurrency, ADA, plays a major role in its ecosystem and facilitates several crypto operations, such as network governance and user interaction.
Dogeliens Token (DOGET)
The upcoming meme cryptocurrency, Dogeliens Token, is a crypto asset that has recently dominated crypto news headlines for several reasons. The token signals a new era for meme coins within the cryptocurrency industry and could foster great change within the sector.
Dogeliens Token is a first-of-its-kind meme DeFi currency within the industry, and as such, it has caught the attention of several crypto experts and analysts. Within the current climate, it is emerging as an ideal option for long-term cryptocurrency investing that struggling crypto investors can consider.
Dogeliens Token (DOGET) is gradually approaching its presale stage and could be a valuable asset in the ongoing bear market.