The current situation within the cryptocurrency industry requires feasible solutions that can ensure the safety of assets and the continuity of the businesses of crypto regulars. All share this reasoning within the industry as the ongoing bear market approaches the sixth month. With the end of the year fast approaching, it makes sense for crypto regulars to seek feasible solutions to ensure profits in the current climate. One strategy that could be perfect in the current situation is long-term cryptocurrency investing. Since it requires a long time to yield results, it is the ideal counter to the industry’s extreme volatility, courtesy of the bear market.
The chances of success of a long-term cryptocurrency investment depend entirely on the cryptocurrency chosen, meaning that for this type of strategy, crypto investors should pick a highly promising cryptocurrency with massive growth potential. Luckily, this piece covers three cryptocurrencies that fit this bill to the latter. Here’s why you should invest in Solana (SOL), Polygon (MATIC) and Dogeliens Token (DOGET) in the ongoing bear market.
Solana (SOL) is a highly functional open-source crypto project notable for utilizing blockchain technology and its permissionless to provide several Decentralized Finance (De-Fi) solutions within the cryptocurrency industry. The Solana (SOL) is notable for several features, such as its speed and performance, which is on par with Ethereum (ETH), the world’s dominant smart contract platform. Solana (SOL) facilitates decentralized applications (dApp) creation and provides improved scalability within the industry thanks to a hybrid consensus mechanism which combines the Proof of History (PoH) model with the Proof of Stake (PoS) consensus.
Polygon (MATIC) is a well-structured, easy-to-use platform for Ethereum (ETH) scaling, infrastructure development, and other crypto operations within the industry. It is a platform notable for supporting the building of multiple types of applications thanks to a core component known as Polygon SDK. Polygon (MATIC) supports the creation of optimistic rollup chains, ZK rollup chains, stand-alone chains or any other kind of infrastructure a developer requires.
Its native cryptocurrency, MATIC, is an integral part of its ecosystem. MATIC is an industry-leading cryptocurrency with stocks on several prominent crypto platforms, such as Binance and Huobi.
Dogeliens Token (DOGET) is an upcoming meme cryptocurrency within the industry that possesses several use cases that make it an exciting prospect. It is a first-of-its-kind meme De-Fi currency that will support all sorts of Decentralized Finance (De-Fi) operations and facilitate other crypto operations. Dogeliens Token (DOGET) has recently become the subject of excitement and anticipation within the cryptocurrency industry. It is emerging as a suitable option that crypto investors can consider for long-term cryptocurrency investing in the current climate.
Dogeliens Token (DOGET) goes on presale in the coming weeks and could easily sell out thanks to the amount of attention it has been getting within the industry. To stay updated on the token and all things related, click here.
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