As a crypto enthusiast or individual with stakes in the coin market, you must be updated about trends and happenings around the cryptocurrency space. Reddit crypto forums, blogs, Twitter spaces, Facebook feeds, etc, are always filled with beneficial crypto news that can shape your decision and give you clarity in the coin market.
These sources have different news, from analysis to predictions, warnings about potential scams, economic events that could affect the coin market, etc. In this article, we bring news about cryptocurrencies billed to have a great run beyond the current bear market rally. These coins include Polkadot (DOT), Celo (CELO), and Revolutux (RVLT) — a new cryptocurrency.
The coin market has been characterized by crypto prices crashing. Portfolios are going down by larger percentages, which is typical of the crypto winter. However, beyond this market condition, these altcoins have been billed to have a great run, and we look into them below.
Polkadot is a shared multichain protocol that improves blockchain interoperability, facilitating the cross-chain transfer of data or assets. The layer-0 metaprotocol autonomously updates its coinbase through on-chain governance by token holders and community members with stakes.
Polkadot enhances interaction and functionality between users while connecting specialized blockchains to facilitate transactions. Polkadot’s major utility is the improvement of multi-chain permissionless transfer of information and data. Polkadot provides a foundation that supports decentralized internet of blockchains and enables users to create new applications and services seamlessly.
Polkadot token (DOT) is one of the top cryptocurrencies on Coinmarketcap with over $6 billion market value. Polkadot had an all-time high of $55 in the previous trading year and has since suffered a great decline due to the bearish market rally. While DOT currently sells at a single-digit price, experts are confident Polkadot will rally tremendously when the market conditions become favorable. Polkadot’s current low price can be a good time to make an entry.
The Celo blockchain ecosystem launched intending to increase the adoption, accessibility, and usability of digital currencies amongst smartphone users. It aims to achieve this by using phone numbers as public keys. The decentralized network allows dApps (decentralized applications) and smart contracts creation as part of its Defi-related utility. It operates on the proof-of-stake consensus mechanism and has dual native tokens.
The Celo token (CELO) powers the ecosystem. It is used for transfer fees, and also provides users with governance rights. Currently, over 450 million Celo tokens are in circulation out of the possible 1 billion total supply. The token had a $10.66 all-time high in the previous year but currently sells below $1 due to the effects of the crypto winter.
With the ever-increasing population of smartphone users, it’s evident that Celo can’t run out of target audiences. This increases its potential for adoption. Also, the cryptocurrency is yet to hit half of its total supply and indicates that it can still gain more prominence in the coin market. These factors are indicators that Celo (Celo) can still have a good run in the market beyond the current bear market rally. At a low price of less than a dollar, it could be a good purchase for your portfolio.
The Revolutux token is a multifunctional cryptocurrency with strong utilities in decentralized finance (Defi) and NFTs. The BEP-20 token features an ecosystem that aims to improve individuals’ wealth-creation opportunities while providing them the utmost security and control over their finances. Revolutux networks have various incentive mechanisms like liquidity pool acquisition and staking that can provide users with rewards.
The platform aims to build its DAO, allowing community members to actively contribute to the development of the protocol. Revolutux leverages burning and other price protection policies to prevent price crashes and decreases in market valuation, due to whales’ actions or sales from early adopters.
The easy-to-use platform will also feature an NFT marketplace where users can mint, buy, and sell authentic NFTs creations with owners and responsibilities rights. Revolutux protocol has come to stay, and the deflationary token will power the ecosystem’s multiple functions.
The unique features and benefits of usage make Revolutux token (RVLT) desirable. It is set to go on presale soon, with analysis indicating that it will have a good run-in when the crypto market condition becomes favorable.
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.
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