Bitcoin, Klangaverse And 3 Other Cryptocurrencies To Put On Your Watchlist In The Current Bearish Market
Bitcoin, Klangaverse And 3 Other Cryptocurrencies To Put On Your Watchlist In The Current Bearish MarketATZCrypto - Latest Bitcoin, Ethereum, Crypto News & Price Analysis Klangaverse (KLG) is a decentralized music-sharing platform that uses blockchain technology to provide fair...
In this article, we’ll be discussing 5 cryptocurrencies that you should consider buying despite the current bearish market. Let’s begin with Bitcoin (BTC), the undisputed leader of the crypto market.
Bitcoin (BTC) hit a high of nearly 20,000 dollars in December 2017, before it plunged a few days later. It continued to fall, and the industry as a whole entered the bear market throughout 2018. It was traded for about $4,000 by the end of 2018. In early 2020, when the Coronavirus pandemic struck the world, Bitcoin (BTC) surged dramatically. As the bullish phase continued, the price rose past the previous high of 20,000 dollars and reached a record high of 70,000 dollars.
We all have witnessed this dramatic recovery of Bitcoin (BTC) a few years back, and it’s the time we’ll see something like this again. Experts and long-term holders know that it is only a matter of time before Bitcoin hits a record high. Currently, the market value of Bitcoin (BTC) again fell below the 20,000 dollar mark, now we all are waiting to witness another impressive recovery soon.
Ethereum (ETH) is the most successful and popular altcoin ever. Since its launch in 2015 by computer programmer Vitalik Buterin, it has grown exponentially, thanks to the growing popularity of smart contract features and non-fungible tokens (NFTs). The market price of Ethereum (ETH), has risen sharply since its inception. It rose from $ 0.311 in 2015 to a record high of 4,800 dollars in 2021.
Blockchain networks have many applications in the technical fields of gaming, music, entertainment, and decentralized finance. In the current bear season of the market, the prices of many cryptocurrencies have fallen and Ethereum (ETH) is trading primarily for less than 1200 dollars. Compared to its highest ever price, this is a fantastic place and is a great time to add it to your portfolio.
Binance Coin (BNB)
Binance is the world’s largest cryptocurrency exchange in terms of trading volume, and BNB is its native currency. After Bitcoin (BTC), Ethereum (ETH), and Stablecoin Tether (USDT), Binance Coin (BNB) is the fourth-largest cryptocurrency by market capitalization.
Since most crypto trading takes place on Binance, prices are likely to rise. Many crypto experts predict that the BNB will be worth at least 1,000 dollars by the end of 2023.
Furthermore, Binance Coin (BNB) has its own smart contract platform called BNB Chain. It is another prominent advantage of BNB in the future as it is faster and cheaper than Ethereum (ETH) and allows developers to build dApps and NFTs faster than before.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is called “Dogecoin Killer” on social media platforms. It was created in 2020 with an aim to replicate Dogecoin’s (DOGE) success. It successfully surpassed Dogecoin’s 2021 price increase of 3100% and achieved a growth rate of 49,000,000%. Currently, it is the 14th largest cryptocurrency on the market. This means that meme coins will continue to be highly profitable in the future.
To continue improving, the Shiba Inu (SHIB) Foundation is working on several projects. The long-awaited project is the improvement of decentralized exchange (DEX) using DeFi and NFT space ShibaSwap. As a DeFi platform, it provides users with the opportunity to earn passive revenue through liquidity, staking, and token swaps. It also gives its users access to new NFTs and crypto market-specific tools.
Klangaverse (KLG) is a decentralized music-sharing platform that uses blockchain technology to provide fair rewards to artists, a transparent and reliable payment system, and high-quality music content to the community. Klangaverse (KLG) has released a crypto token called KLG to pay and manage artists and fans. By using the Klangaverse (KLG) ecosystem, artists can determine how revenue from songs will be distributed among teams based on the different songs they create. It can leverage the speed and redundancy of the Interplanetary File System (IPFS) distributed storage method to deliver thousands of artist-created tracks in a highly decentralized way. Blockchain smart contracts collect hashes of mint song statistics in NFT format as the basis for each artist’s revenue calculation. By comparing the transaction history, it is possible to confirm the immutability of this data.
The stated cryptocurrencies do have enough potential to give you decent returns over the next few years. We’ll recommend diversifying your portfolio and buying all of the stated cryptocurrencies instead of choosing one.
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