The entire crypto market is in the red with many Altcoins down more than 50% from their all-time highs. But there is some hope with a few flashing indicators that this is a prime time to embrace crypto.
In the latest online video, Joe Parys, a crypto entrepreneur shared the best 5 best bear markets altcoins will last longer this crypto winter and everyone should buy those coins. This electron is at the lowest level.
https://www.youtube.com/check out?v=4GJUnTA6dPM
HEX (HEX)
The first altcoin on the list is HEX (HEX). Almost a billion dollars have been sacrificed to this new cryptocurrency and more than half a billion dollars have been sacrificed in HEX. So there’s not much HEX around anymore.
People were buying and selling HEX and it was getting harder and harder to actually get the sacrifice points. The current rate of 10,000 points will cost you $2.88 and it takes more and more time to get more and more expensive. That’s why HEX has huge growth potential in the future.
Kadena (KDA)
The second two altcoins on the list are Kadena (KDA). Kadena was founded on the idea that blockchain could revolutionize the way the world interacts and transacts. But for mass adoption, chain technology and the ecosystem that connects it to the business world need to be re-imagined from the ground up.
Kadena is another blockchain of the future and why this blockchain has no cost for its transactions this will allow more and more users to access without having to actually buy and pay.
Kadena is also very scalable and very energy efficient, they also have more secure smart contracts and it’s proven secure. In fact, their founders reveal the limitations of current blockchain solutions, and Kadena runs on a proof-of-work, which is reliable security and has good fightability.
Solana (SOL)
The third altcoin to mention is Solana (SOL). Solana is a highly functional open source project that banks rely on the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions. While the initial concept and work on the project began in 2017, Solana was officially launched in March 2020 by Solana Basis headquartered in Geneva, Switzerland.
Solana is extremely powerful because transactions per second are over 2,000 for a total of more than 53 billion with a cost per transaction of .00025. This is very helpful and crypto projects will be very helpful in the future. Solana is at an absolute bottom, so it’s time to buy in and sell at the top.
Avalanche (AVAX)
The next altcoin on the list is Avalanche (AVAX). Avalanche is the fastest smart contract platform in the blockchain industry, measured in time to the end. Avalanche is super fast, low cost, and eco-friendly. Any application that supports smart contracts can outperform the competition by deploying on Avalanche.
Users can experience interesting things about Avalanche. They have a decentralized exchange up and running with literally millions of dollars in crypto.
The farm has all the different pairs for cryptocurrencies and APY is paid to traders. They have over half a billion dollars in TVL. This number has fallen short of the rest of the market. This shows long-term growth and why Avalanche is the altcoin to mention on the list.
Moonbeam (GLMR)
Moonbeam (GLRM) is the last altcoin to talk about. Moonbeam is an Ethereum-compatible smart contract chain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in Substrate-based environments.
Moonbeam is more than just an EVM implementation: it’s a highly specialized para chain that mirrors Ethereum’s World-wide-web3 RPC, accounts, keys, registries, logs, and more.
Moonbeam will be the future of multi-chain on Polkadot (DOT). We can only hope and see what happens as a lot can happen here in the next few weeks.
All of these cryptocurrencies are likely to recover even in the short term as well as weather this bear market.
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