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The crypto collapse in 2022 created a massive bearish wave that affected most tokens and their cryptocurrency prices. The cryptocurrency market has been in bearish conditions since the first quarter of 2022, and several sectors of Decentralized Finance have started to suffer such effects, for instance, the NFT trade sector. Consequently, many users are churning platforms like Solana (SOL) and Tezos (XTZ) and turning to Dogeliens (DOGET) in hopes of a revived NFT trading season next year. Read on to discover Dogeliens (DOGET) hidden cards for the incoming bullish trend.
Solana (SOL) has long since been associated with quality blockchain services, ranging from faster transaction execution timeframes to scalability and flexibility when it comes to platform trading. The token was launched in 2018 to resolve the recurrent blockchain issues of traffic congestion and rising gas fees. The Solana (SOL) network operates on a hybrid protocol consisting of a proof of stake protocol and a proof of history codebase. The two sets of programs govern the network, ensuring that transactions are completed quickly and that energy is conserved on the platform. The hybrid protocol also helps reduce the amount users pay for transactions to get completed.
The Solana (SOL) blockchain has been associated with low gas fees, which is down to tight control of the energy expenditure of the platform. Despite the low gas fees and increased user traffic on the network, Solana manages to stay secure and active without lags or network crashes. Solana’s NFT marketplace is one of the most visited NFT stores in the cryptocurrency market. The platform hosts several stores in its marketplace, which launched in 2021 and hit about $126 million in market capitalization by May 2022. This progress made it the second most successful NFT marketplace after Ethereum. However, since FTX’s bankruptcy, NFT trade on Solana (SOL) has dipped due to panic token sales. The platform uses SOL to stake and secure itself, and the token is used to make purchases on-site. SOL is available on CoinMarketCap for $.
Tezos (XTZ) is another top NFT-based platform declining after the effects of the crypto collapse and FTX’s bankruptcy. The token is a typical baking platform where users are referred to as bakers and are instrumental in preserving the platform’s security. Tezos runs on a proof of stake protocol which features baking as a token case rather than staking. The token hosts several DeFi tools and applications, like NFTs and DEXs. The platform features many elements because its protocol allows developers to add codes to it quickly. Hence, the protocol is self-amending, a necessary precaution against forming forks.
The Tezos (XTZ) network displays several NFT collections for sale to its members. The collections cut across various topics and digital formats, although the most popular ones are based on music, art, sports, and philosophy. The Tezos (XTZ) platform and its NFT marketplace have been affected by the latest dip in Crypto token values in the crypto space. The token XTZ powers the network and is sold for $ on Coinbase.
The Dogeliens (DOGET) network is a Metaverse platform designed to bring NFTs and DeFi learning into mainstream crypto trading. The token represents the developers’ desire to make sure users are entertained and enlightened on the extensive benefits of cryptocurrency trading. Dogeliens (DOGET) will be featuring an ecosystem that hosts its Metaverse policies. The policies include a gaming hub, an active NFT marketplace, and an E-learning platform. The gaming hub will function closely with the NFT marketplace, ensuring the users can mint their NFTs for use within the game. The blockchain game featured on the platform is a play-to-earn game, with token rewards for users based on their progress within the game.
The NFT marketplace will encourage the creation and display of NFTs for sale and exchange on the Dogeliens (DOGET) platform. Already, the developers have set 10,000 NFT tokens aside for distribution to early members, so make sure to get your DOGETs before it’s too late. Dogeliens (DOGET) will also feature an educational platform, a novel addition to the cryptocurrency market. The University of Barkington will help new DeFi enthusiasts learn the ropes in trading while making the most of the available DeFi tools. Now’s the best time to get your Dogeliens (DOGET) journey started. Click here to access the presale interface.
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
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Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
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