As the cryptocurrency industry continues its battle with the longest bear market in history, investors and traders face a major problem that threatens to affect their businesses.
This problem is the task of identifying suitable altcoins for crypto-related activities that will not be affected by the ever-growing market volatility due to the bear market.
Such a task can prove extremely difficult, seeing as bear markets are a period of negative prices and extreme volatility of assets.
For this reason, this piece suggests three altcoins that investors should watch out for in the market. Extensive market research shows that these three altcoins are largely unaffected by the bear market situation and possess a massive potential for growth.
A combination of these qualities makes Solana (SOL), Polkadot (DOT) and Youniverze Token (YUNI) ideal for long-term cryptocurrency investment. Here’s all you need to know about them.
Solana (SOL) is a household name within the cryptocurrency industry. An open-source environment for accessing Decentralized Finance (De-Fi) solutions, Solana (SOL) is notable for its contributions to the blockchain industry, such as speed, performance and improved scalability.
Solana’s design allows it to facilitate Decentralized Application (dApp) creation, and its qualities have earned it the moniker “Ethereum Killer”. As an Ethereum Killer, Solana (SOL) belongs to a select group of blockchain networks with the capacity to rival Ethereum (ETH).
Central to all operations on Solana is its native cryptocurrency, SOL. SOL facilitates crypto-related activities such as gas payments and transaction fees on the Solana platform. It is also regularly utilized by traders for trading on exchange platforms within the cryptocurrency industry.
SOL is a top 10 cryptocurrency by market cap with a live market cap of $15,497,792,566 and a circulating supply of 348,706,994 SOL. The token is available on several crypto platforms, including Binance, FTX, Coinbase, Bilaxy and Huobi.
Polkadot (DOT) is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains. Polkadot (DOT) facilitates the cross-chain transfer of any data or asset types, not just tokens. By operating in this manner, Polkadot (DOT) allows blockchain networks to be interoperable.
DOT, its native cryptocurrency, plays a crucial role in its operations, the services it provides and its ecosystem. DOT facilitates activities such as staking for operations and security, participation in network governance and connecting parachains.
DOT can also function outside Polkadot and is regularly used to interact within the cryptocurrency industry. DOT is available on several crypto platforms such as Binance, Huobi Global, OKEx, Coinbase and Kucoin.
Youniverze Token (YUNI)
Youniverze Token (YUNI) is the native cryptocurrency of Youniverze Finance and the engine that makes it run. Youniverze Token (YUNI) facilitates several operations on the platform, such as payment for all services and transactions in the ecosystem, rewards, tiering and governance. The Youniverze Token (YUNI) also facilitates staking, which allows users to participate in the Youniverze Finance ecosystem in exchange for rewards.
Youniverze Token (YUNI) goes on presale in the coming weeks and could serve as an ideal long-term cryptocurrency investment for investors amid the ongoing bear market. Early investors stand a chance to win various rewards, such as a 6% additional token bonus for purchasing YUNI in the first stage of its presale. See more information here.
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