Crypto news today indicates that the much-dreaded crypto winter is here. In what crypto analysts call the longest bear market in history, the biggest losers have been the world’s largest cryptocurrencies by market cap. Bitcoin (BTC) has been treading dangerously along the $20,000 limit for the past couple of days, and the same goes for Ethereum (ETH) and its $1000 limit. Crypto analysts believe it is going to get worse before it gets better. Whether this is true only time will tell.
The bear market doesn’t necessarily mean a halt to things within the industry. In fact, this is the perfect avenue for long-term cryptocurrency purchase as crypto prices are at an all-time low. Traders should look to take advantage of the situation by looking into these three altcoins – Elrond (EGLD), ApeCoin (APE) and RoboApe (RBA). In this piece, we examine the three altcoins in depth.
Elrond (EGLD) is a blockchain platform that seeks to offer extremely fast transaction speeds through a technology known as sharding. The platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. Its native cryptocurrency, EGLD, is used for paying network fees, staking and rewarding validators.
The Elrond (EGLD) platform was first announced in August 2019, and its main net went live in July 2020. The platform was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, one of the most pressing problems that the cryptocurrency industry faces
Elrond (EGLD) is popularly referred to as a blockchain platform for the new internet economy, decentralised applications (dApps) and enterprise use due to its high scalability capabilities. The platform also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties to increase adoption.
According to Coinmarketcap, Elrond (EGLD) has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. EGLD is available on several crypto platforms such as Binance, OKEx, Bitfinex and BitMax.
Apecoin (APE) is the latest addition to the ever-expanding Bored Ape Yacht Club (BAYC) ecosystem. The token serves as a utility and governance token to empower and incentivize a decentralised community building at the forefront of web3. Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) holders are entitled to a portion of ApeCoin (APE) which they can collect from the official Apecoin website.
As a governance token, Apecoin (APE) allows its token holders to participate in ApeCoin DAO and serves as a shared and open currency that can be used without centralised intermediaries. Apecoin (APE) holders also gain access to certain parts of the ecosystem that are otherwise unavailable, like exclusive games and services.
Apecoin (APE) is an Ethereum (ETH) based ERC-20 token and is secured by Ethereum’s proof-of-work (POW) consensus mechanism. Data from Coinmarketcap suggests that the total supply of ApeCoin (APE) is permanently fixed at 1 billion tokens, all minted at once. The token is available on several crypto platforms, including Binance, OKX, Bybit, FTX and MEXC.
RoboApe is an upcoming crypto platform that seeks to redefine the meme coin sector through loads of features and real-life applications. Through its native cryptocurrency, the Roboape (RBA) Token, the platform will address economic shackles and make growth possible through its sustainable community development and rewarding culture.
RoboApe’s ecosystem features innovative products such as an academy, an NFT marketplace and a token swapping protocol. The RBA Token is currently on presale and it can be a viable long-term cryptocurrency purchase. Traders can access the token via the links below.
Read more: Beyond Crypto Winter 2022: What the future holds for RoBoApe (RBA) and KuCoin Token (KCS)
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