It is no secret that the cryptocurrency industry has been battling a long and challenging bear market for some time now. The ongoing bear market is the sole reason for the negative prices and extreme market volatility within the industry. Its effects directly affect regular crypto players such as investors and traders, who are forced to go about their day-to-day activities at the risk of running at a loss. All around the industry, there is a longing for the bear market to reach its conclusion.
However, if the bear market persists, crypto players should take advantage of the situation to generate income. The low prices of crypto, courtesy of the bear market, means that bulk purchases of favourable altcoins are possible. It’s a situation that can be utilized to make long-term cryptocurrency investments that can yield massive returns in the long run. Investors looking to switch to this strategy should keep an eye out for these three altcoins – Aave (AAVE), Uniswap (UNI) and Dogeliens Token (DOGET). Here is a detailed review of all three altcoins and what makes them fantastic investment options.
Aave (AAVE) – The Decentralized Finance Protocol
Aave (AAVE) is a decentralized finance protocol that allows people to lend and borrow crypto. On AAve (AAVE), lenders earn interest by depositing cryptocurrency into specially created liquidity pools which borrowers can then access using their crypto as collateral to take out flash loans from the liquidity. Aave (AAVE) allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. It is also renowned for providing flash loans, the first uncollateralized loan option in the De-Fi space.
Aave’s native cryptocurrency, AAVE, is a utility and governance token that plays a massive role in its ecosystem and operations. AAVE facilitates several crypto-related functions on its native platform, such as network governance, transaction fees, etc. It is a top 50 cryptocurrency available on several top crypto platforms, including CoinDCX, Binance, CoinBene and OKEx.
Uniswap (UNI) – The Popular Decentralized Trading Protocol
Uniswap (UNI) is a popular decentralized trading protocol within the cryptocurrency industry. It is most notable for facilitating the automated trading of decentralized finance (De-fi) tokens. A prime example of an Automated Market Maker (AMM), Uniswap (UNI), seeks to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading versus traditional exchanges. It also provides feasible solutions to several problems that the first decentralized exchanges (DEXs) faced, such as liquidity concerns.
Its native cryptocurrency, UNI, is integral to its operation and ecosystem. UNI facilitates several functions, such as transaction fees and network governance. It is available on several crypto platforms, such as Binance, Huobi and Coinbase Pro.
Dogeliens Token (DOGET) – The Upcoming Meme Coin
Dogeliens Token (DOGET) is an upcoming meme coin that has become the subject of much excitement and anticipation within the cryptocurrency industry. The token is native to the Dogeliens project, which incorporates metaverse, Non-Fungible Tokens (NFTs) and Play-to-earn (P2E) to provide an innovative and exciting experience for users. Dogeliens Token (DOGET) functions as both a utility and governance token for the project and looks very likely to become a valuable asset in the ongoing bear market.
Dogeliens Token (DOGET) goes on presale in the coming weeks and features exciting rewards like a 10% additional token bonus for purchases made using Ethereum (ETH) and Bitcoin (BTC). See more details here.
Dogeliens (DOGET)
Presale: https://ufo.dogeliens.io
Website: https://dogeliens.io/
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