As 2022 draws to a close, cryptocurrencies have managed to register decent returns even when the markets have remained in a bearish zone for a long time. The blockchain-based assets have had a tumultuous year that included a crypto winter and controversies like the FTX crash, but the market is on its way to rebound and many cryptocurrencies have been touching new highs. Cryptocurrency analysts are expecting the surge in crypto prices to continue well into 2023 as innovators roll out new products for investors with more interesting use cases. If you are wondering how to select the best cryptocurrencies, a timeless strategy is to start with research. You can draw a list of top performers like Dogeliens (DOGET), Cardano (ADA), and Filecoin (FIL), and read up about them before comparing them. Once you are convinced with your knowledge, you can go ahead and make an informed decision. To help you select the best of cryptocurrencies, here’s a look at the key features of the three above-mentioned cryptocurrencies.
Dogeliens: Learn More About Blockchain While Investing
Dogeliens is a meme coin that is based on the legend of the army of Dogeliens or dog aliens who live on a planet called Puptopia. The meme coin has rolled out a native token for its platform which will facilitate all kinds of transactional purposes like staking, liquidity pool provisioning, accessing rewards, and participating in play-to-earn games. With a total supply of 25,000,000,000 these tokens will be available on presale for anyone interested in purchasing them.
The platform has devised an exciting system of rewards wherein buyers are given varying rewards. These rewards differ as they depend on factors like the kind of cryptocurrency one uses to purchase the DOGET Token, how long after signing up on the platform they make the purchase, the quantum of fiat currency used in the transaction, and the presale stage, among other factors. Let’s explain this with an example. If you are a BNB/BSC holder and want to buy DOGET Tokens, then you will automatically be eligible for a reward of 22% extra tokens. Now, if the same transaction takes place in the first stage of the presale, the buyer would get another 10% of the tokens for free as a reward. Likewise, if the transaction is made in the second and third stages of the presale, the buyer would get 8% and 6% tokens for free as a reward, respectively.
Apart from these rewards, Dogeliens users will also be able to mint and buy non-fungible tokens on the platform. The platform has even rolled out a play-to-earn game wherein players have to win over the enemy’s army. Both sides get their army of dog aliens to fight each other. Players can look forward to winning DOGET Tokens as rewards. Users should know that the Dogeliens team would be keeping the tokens purchased locked for a period of up to two months until the presale ends.
Binance To Allow ADA Holders To Trade Against USDC
Cardano is a decentralized platform for building and scaling dApps and other blockchain-based services. It leverages the ouroboros blockchain which is based on peer-reviewed and evidence-based mechanisms that offers unmatched sustainability and security for dApps and decentralized systems. Its native token is ADA and it is used for meeting various transactional obligations on the network. In a recent development, Binance US will now be allowing its users to trade the ADA Token against the USD Coin. Binance US is the American vertical of the decentralized crypto exchange platform Binance.
Filecoin Announces Hack FEVM Finalists
Filecoin is a decentralized cloud storage marketplace. Its native token FIL is used for transactional purposes on the network. People get to access affordable and competitive storage services as Filecoin allows its users to compete to be hired as storage providers. The mechanism promotes healthy competition and leads to services being availed at competitive prices. The network recently announced the finalists of its first-ever ‘Hack FEVM‘ event, where FEVM stands for EVM-compatible Filecoin Virtual Machine. The hackathon drew over 400 hackers who ended up showcasing 117 projects and bagged prizes worth $50,000. With the hackathon, Filecoin introduced FEVM to a larger audience while encouraging them to benefit from its mentorship and developer resources.
If you are comparing Cardano (ADA), Dogeliens (DOGET), and Filecoin (FIL) as investors, the chances of you being in flux are quite high. Given their functionality and USPs as an investment, most investors find it tough to choose a favorite. Coming to cryptocurrency analysts, the picture is different for they already have a favourite picked out, and it’s Dogeliens. The key reason why the meme coin is being favoured by analysts is because of the multiple opportunities it gives its users the additional opportunity to earn a passive income. The feature ensures that users’ wealth grows along with the platform.
Learn More About Dogeliens (DOGET):
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.