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Cardano (ADA) and Algorand (ALGO) Investors Are Turning Their Attention to Degrain (DGRN)

Bitcoinist
by Bitcoinist
Last Updated: August 22, 2022 11:13 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Every cryptocurrency investor is looking for the proverbial “golden goose” that lays the “golden eggs” – in this case, a cryptocurrency opportunity that can generate massive returns. Cardano (ADA) and Algorand (ALGO) were prime examples of such opportunities for their early investors, who have reaped significant gains as they rose in market capitalization.

Since then, big cap coin holders have hit the wall during this bear market, with little room to grow profit with their coins already having high market capitalizations. Consequently, they are looking for opportunities that have the potential to create lucrative returns – one of which is Degrain (DGRN), which crypto key figures are tipping to hit a 9,000% increase by the end of the year.

Cardano (ADA): hitting the glass ceiling

Cardano (ADA) needs no introduction as a smart contract platform and as one of the most recognizable cryptocurrencies considering its meteoric rise. However, Cardano’s (ADA) token price fell by 84% off its all-time high of $3.09 in September 2021, currently trading at $0.49.

It’s not a good look for Cardano (ADA) holders who have bought in since achieving such great heights, considering there’s not much room to grow from this point forward. Cardano (ADA) is already a top 10 cryptocurrency by market capitalization as it happens; thus, Cardano (ADA) holders are looking for a more profitable opportunity.

Algorand (ALGO): floundering price action since the beginning of 2022

Algorand (ALGO) made waves with its value proposition of an autonomous, multi-purpose, scalable, and efficient blockchain designed for various real-world applications. However, Algorand (ALGO) token prices have taken a nosedive by nearly 90% from an all-time high of $3.28 in June 2019, currently trading at $0.34.

Suffice to say, Algorand (ALGO) token holders have suffered negative price action, and many have since gone elsewhere to seek greener pastures. This is evidenced by Algorand (ALGO) posting diminishing trade volume in these past three months. No small wonder why Algorand (ALGO) holders are trading in their bags for Degrain (DGRN).

Degrain (DGRN): THE crypto opportunity investors are scrambling to buy into

 Degrain (DGRN) aims to become a key blue-chip crypto protocol – the proverbial “golden goose” – for crypto investors in 2022. The company plans to build the first cross-chain NFT protocol that can give its competitors, OpenSea and LooksRare, a serious run for their money.

Degrain (DGRN) token prices are currently sitting at just $0.19, and is the perfect opportunity for investors looking to get in early on a protocol that could have massive potential. Cryptocurrency analysts believe this is the lowest it gets for the token price before it gains mass adoption, predicting prices to shoot up by 9,000% by the time the presale ends on September 30th.

We believe this could be the top performer of 2022. Don’t miss this chance to get into the action.

Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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