This year, the crypto winter is once again upon us and the bear market is officially in full gear. With the global macroeconomic conditions, financial markets such as bonds, forex, and the stock market have been hit by the bear market.
Crypto investors going through their first market crash may be finding it hard to navigate and some may panic sell. In a bear market, this is a bad move. Holding onto solid projects and waiting till the market turns is usually the best move to make during this time. To survive a bear market, investors need to preserve their capital but to truly outperform it, they need to buy good projects trading at a discount.
What projects should investors be looking at in this crypto winter? Three crypto projects to watch in this crypto winter are Decentraland (MANA), Celo (CELO), and Persystic Token (PSYS). These three projects show solid fundamentals and have strong communities backing them. Before you purchase any of these projects, here is a brief summary of each.
Decentraland (MANA) is a crypto gaming and metaverse project. It is built on the Ethereum (ETH) blockchain and its MANA token uses the ERC-20 token standard. The Decentraland project allows users to interact, game, transact, and perform other social activities in the in-game economy. In addition, Decentraland creates a fully immersive experience that incorporates various elements including community, commerce, lifestyle, and fun. Users can enjoy the experience without signing up to Decentraland as they can play the game as guests on the Decentraland platform.
The MANA token is used for transactions within the Decentraland environment. Users can exchange and swap various items within Decentraland’s metaverse. In addition, items purchased within Decentraland are owned by the users and can be used for whatever purpose they deem. The Decentraland project is a metaverse prospect that cannot be ignored. Decentraland creates an environment where players can form bonds and create decentralised communities.
Celo (CELO) is an open and decentralised blockchain network that uses the mobile numbers of its users as their public keys. It is a blockchain designed to be used by smartphones. The project wants to reduce the crypto adoption curve by introducing new users to crypto through mobile devices. The Celo network allows developers to build and create decentralised applications (dApps) on its blockchain. Furthermore, the Celo mainnet launched in 2020 and the project has begun the inclusion of new users into the crypto space.
CELO token is the utility and governance token of the blockchain. As a governance token, it allows token holders to propose changes to the project and vote on changes proposed by other token holders. As a utility token, it allows users to pay for transaction and network fees on the blockchain. Celo targets the smartphone market as it contains the largest number of technology users that can be onboarded into crypto. With the barrier to entry removed, there is a potential upside for a large influx of new crypto entrants.
Persystic Token (PSYS)
Persystic Token (PSYS) is a social blockchain project built on the Binance Smart Chain (BSC). The project aims to solve the problems of traditional social media which include poor monetisation, security, government censorship, and fake content. Persystic Token will allow creators to take ownership of their work and would also make sure that they get rewarded for their effort. In addition, creators have the choice of storing or permanently deleting their content from Persystic at any time. It would also enable peer-to-peer (P2P) sharing of information bypassing any centralised servers.
The PSYS token is a BEP-20 token and it will be compatible with the EVM (Ethereum Virtual Machine). The BSC blockchain will give users speed and security but they will also get the utility of the EVM. PSYS will allow users to purchase content and buy licences. Users can also exchange the token for fiat or other compatible tokens.
For more information, visit:
Persystic Token (PERSYSTIC)
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