Just recently the crypto market cap crashed to $1.10 trillion – such occurrences are more frequent than you would think and can benefit investors greatly. Here is why.
What Happens in a Market Crash?
Although the majority of investors that actively take part in the crypto trading market are aware of the volatile nature of digital currencies, beginner investors may regard it as an issue.
Market crashes are quite normal for the cryptocurrency market and most investors make a lot of money as a result. This is because price drops allow you to purchase crypto tokens for a cheaper price, and as the price value of coins has been known to rise just as easily, investors can sell their tokens for higher to generate revenue.
Although buying the dip can make you money, there is still a slight risk involved when it comes to price predictions. This is why presales are the safest way to invest in crypto as once tokens are priced in the market, the price will always be higher.
Solana (SOL) – The “Ethereum Killer”
Not only is this cryptocurrency known among investors as ‘Ethereum Killer’, but Solana has been growing as a rival to market-leading currencies since it entered the market in 2017.
Solana was developed to outperform other blockchains and the network’s most impressive features are what have been attracting users.
As such, the platform bills itself as a permissionless and high-speed layer-1 project that is able to sustain smart contracts.
However, Solana has also become an alternative platform to competitors for NFT and DeFi spaces, due to its faster and low-cost transactions.
But the primary asset of Solana is SOL. It serves as the governance token of the network and has had one of the best presales. SOL has continuously proved its success in the crypto market and continues to grow in value but just recently the Solana value price dropped by 12.82 % to $32.58.
Polygon (MATIC) – The One For Business Development
Polygon was launched in 2017 and was initially named Matic Network. The project bills itself as a functional and easy-to-use network for infrastructure development.
It is also a scalability platform for Ethereum-supported blockchains. This means that these blockchains can communicate with each other effortlessly.
As such, Polygon allows investors to develop new Ethereum blockchains for businesses and institutions when a decentralised payment solution is needed.
Despite having been a top-performing cryptocurrency on CoinSwitch, MATIC has been trading lower as the price recently fell by 6.97% to $0.61. Just in a week, the Polygon’s price crashed by 17% but expert sources predict that the MATIC price will soon retest and see a successful flip.
RoboApe (RBA) – One To Watch Out For Right Now
RoboApe (RBA) is new to the crypto sphere and bills itself as a decentralised community-driven network without any leadership allocations at launch. The token is currently in presale but it will soon be priced in the market.
This project has the primary goal to remodel current crypto mechanisms through processes that usually allow for the creators to dominate RoboApe’s governance.
RoboApe has attracted investors due to its DeFi and DAO features. These allow the project to accomplish goals that were previously unattainable.
RoboApe’s ecosystem is community-driven and provides a variety of profitable entertainment opportunities. One example is the governance token RBA which is a meme coin and an ERC20 token on the Ethereum network.
RoboApe has also incorporated an NFT Marketplace into its ecosystem and it serves as a place for investors to buy, sell or trade NFTs. This marketplace focuses on the meme culture and allows you to mint images and GIF memes in the form of RoboApe trading cards.
Regarding the currency market crash, Solana (SOL) and Polygon (MATIC) are two cryptocurrencies that should be on your watchlist as the prices have fallen quite significantly and you can now acquire these tokens for cheaper. RoboApe (RBA) is another token to consider since it’s currently in presale and you can get it for a premium price.
Join RoboApe’s Presale:
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.