The crypto market has been hit hard by the unexpected crypto crash that occurred on the 8th of November, 2022. The crash happened after news of the third largest cryptocurrency exchange declared bankruptcy. Many people had assets stored on FTX, so they attempted to withdraw their assets at a large scale. Unfortunately, this was halted, and it is now believed FTX owes creditors up to $3.1 billion.
As all significant events affect crypto, this one did too. The mass hysteria caused people to move assets. This, in turn, caused a colossal crypto crash to occur. Nothing was immune, and each cryptocurrency was affected.
It has been some time since the incident, and there have been some changes to the market. Some cryptos are still in the red; some are beginning to recover, whilst others, like Litecoin (LTC) and Monero (XMR), sit comfortably in the green. These two are the best investment opportunities for the current market alongside pre-sale tokens like Rocketize Token (JATO).
Litecoin – Lighting up the Crypto Market
Litecoin was created in 2011 from a Bitcoin (BTC) blockchain fork. Former Google engineer Charlie Lee created the coin. It was initially made to address concerns that Bitcoin was becoming too centralised and losing sight of the primary goal.
This ultimately didn’t happen, and Litecoin established itself as its own cryptocurrency. One of the original goals of Litecoin was to prevent large-scale miners from taking over the mining process by employing a different encryption technique. But miners continued to expand their mining capability and soon modified their specialised equipment; however since the cryptocurrency has evolved into a minable peer-to-peer payment system.
One of its many benefits includes its fast transaction speed. Litecoin’s algorithm allows it to carry out transactions at a much faster rate than front-runner Bitcoin. The coin also carries out the halving process. Halving refers to lowering the reward given when a block’s hash is validated.
This process reduces the Litecoin tokens produced by one-half, causing a deflationary effect and increasing the coin’s value. Unlike most cryptos on the market, Litecoin is doing well and is firmly back on its way up.
Monetise With Monero
Created in 2014, Monero is a privacy-orientated, open-sourced cryptocurrency. Monero’s primary goal is to protect its investor’s privacy. Most crypto’ blockchains are often public knowledge. Monero’s is not like this; its blockchain is opaque, which masks the addresses used by participants and the amount of each transaction, keeping transaction information anonymous.
Monero’s native currency XMR is minable by investors’ own CPU. This reduces the mining cost considerably as they don’t have to shell out for expensive tech. With one coin only taking two minutes to mine, this privacy-orientated cryptocurrency could be what you’ve been searching for.
Deflation With Rocketize Token
Unlike most meme coins, Rocketize Token is a deflationary meme coin. It is built on the BNB smart chain. Rocketize wants to take de-fi and Web 3 to new heights. Burning will raise the value of Rocketise’s official currency, JATO. Burning JATO will guarantee that Rocketize can carry its community up the ranks past other meme coins. Additionally, a 2% tax will apply to every JATO transaction. The remaining half will be burned, with the first half going to JATO wallets.
The coin also focuses on the community, naming them The Atomic Nation. The Atomic Nation has much more control than other meme coin communities. They are even in charge of developing an eCommerce platform which will support meme trading card NFTs.
Final Thoughts
Unfortunately, many cryptocurrencies were negatively affected by the November 2022 crypto crash. However, there are still many fantastic crypto investment opportunities that are thriving, including Litecoin, Monero and Rocketize Token.
Rocketize (JATO)
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
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