The bear market isn’t the most enjoyable time in the bear market. Many traders dread its occurrence and often flee the market when it happens. It doesn’t help that 2022’s bear market is the most difficult in crypto history; it’s turned the market upside down and made weak-kneed investors vanish.
Nonetheless, seasoned traders and crypto enthusiasts who’ve been in the market for a long time understand that it provides the best trading opportunities. Recently, it birthed a new utility token, Stakenomics (STAK), which hopes to take over the market soon. Let’s discuss whether this token will survive the onslaught of unfavorable circumstances that the crypto crash presents.
Stakenomics (STAK)
Stakenomics (STAK) is a decentralized blockchain platform that pivots on the proof-of-stake mechanism to provide scalable solutions to common blockchain issues. Its major emphasis is on letting users leverage staking to earn rewards and perform transactions seamlessly on its platform.
Stakenomics will be powered by its native token, STAK, and will give its users governing rights on the platform. Stakenomics will also enable users who trade with the STAK token to enjoy reduced gas fees and other rewards exclusive to the platform.
As aforementioned, Stakenomics’ main emphasis is on crypto staking. It has promised to provide users with up to 30% interest per annum on cryptocurrencies they hold in their wallets for a long period. Furthermore, it’s developing a decentralized exchange platform that will enable users to trade their tokens for other asset classes, stake their tokens, and even perform credit operations.
To achieve this, it will engage in periodic burning, increasing the value of the STAK token and ensuring that users earn reasonable interest from staking their tokens. This is a magnet for long-term investors, so it wouldn’t be surprising to see this token grow in value when its presale ends.
So, if you’d like to take advantage of this token, buying it now that it’s on presale is the best way.
VeChain (VET)
VeChain (VET) is arguably one of the worst hit cryptocurrencies during the crypto dip. Nonetheless, it still shows promise to grow in value again.
Since VeChain provides scalable decentralized data solutions for top players in several global industries, its downtime is only a thing of the present. Analysts predict its value will rise close to the end of the year, making it a great token to hold right now.
Ethereum (ETH)
Ethereum (ETH) is the world’s second most popular blockchain platform, and its cryptocurrency token, ETH, is only seconded by Bitcoin as the most used in the DeFi space. Co-developed by Vitalik Buterin in 2014, just a year after Dogecoin was introduced, Ethereum sought to change how cryptocurrencies were used and provide innovative solutions to problems facing decentralized networks.
Currently, Ethereum’s the most preferred smart contract execution platform with a wide berth on usage between itself and other blockchains. Even Avalanche (AVAX) and Solana (SOL) don’t come close regarding trading volumes.
However, its lack of scalability makes upgrades necessary for future use, which is why it’s currently developing Ethereum 2.0. This new version uses the popular, faster, and more scalable proof-of-stake mechanism to process transactions and will be the future of Ethereum.
Ethereum has seen up days recently and shows a lot of potential to bounce back to its peak value soon. So, buying this token now, and holding it, is a great way to secure future returns.
The Stakenomics token (STAK), VeChain token (VET), and Ethereum (ETH) are all tokens that provide long-term benefits when you hold them. If you’re looking to boost your portfolio long-term, you should keep an eye out for these tokens.
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 NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.