Thanks to the recent pump that the cryptocurrency industry is currently experiencing in quarter one, many popular cryptocurrencies look set for a good year. Last year, many of the industry’s largest cryptos and top performers suffered immensely within the market due to the ongoing bear market, and the recent trend of bullish activity is definitely a welcome development. Above all, it shows that there is improvement within the industry on the bear market front. 2023 already looks like it can be significantly better than 2022, especially for cryptocurrency industry regulars, and they could find success by hedging their bets on the new meme coin Dogetti (DETI) or the established duo Cardano (ADA) and Axie Infinity (AXS).
For the better part of the last six months, investing strategies such as long-term cryptocurrency investing have been a favoured approach within the cryptocurrency industry. The strategy protects crypto assets from the harsh realities of the bear market and allows them to accumulate profits, albeit over a long period. Even with the recent shift within the crypto market, long-term cryptocurrency investing is still an ideal strategy that could yield much success. This piece highlights three promising cryptocurrencies that could become fantastic long-term cryptocurrency investments in the current climate. Here’s all you need to know about Cardano (ADA), Axie Infinity (AXS) and Dogetti (DETI).
Cardano (ADA) is a public blockchain and smart contract platform that is notable within the cryptocurrency industry for its mission to provide economic identity to world citizens. It achieves this through decentralised applications (dApps) that not only manage identity but also value and governance. One of the crypto platform’s most interesting features is that it provides a more balanced and sustainable ecosystem for cryptocurrencies devoid of limitations such as scalability, interoperability and energy consumption.
Cardano (ADA) uses a Proof of Stake (PoS) consensus mechanism, which allows it to be energy efficient and more secure. Its native cryptocurrency, ADA, is the key to accessing its ecosystem and performing operations, such as network governance, user interaction and payment fees. The ADA token is listed on top crypto platforms within the industry, such as Binance, Coinbase and Huobi Global.
Axie Infinity (AXS) is a popular blockchain-based monster-battling crypto gaming platform within the cryptocurrency industry. On the Axie Infinity (AXS) platform, players fight against each other using teams of cute monsters known as Axies, which are represented by Non-fungible Tokens (NFTs). These Axies possess value and can be traded or swapped for money within the Axie Infinity (AXS) marketplace.
Axie Infinity (AXS) takes inspiration for its gameplay from popular retro games, Tamagotchi and Pokemon. Its native cryptocurrency, AXS, is integral to its ecosystem and facilitates crypto operations, such as network governance, user interaction and payment fees. AXS stock is listed on top crypto platforms within the industry, such as Binance, Coinbase and Huobi Global.
Dogetti (DETI) is an upcoming meme coin project within the cryptocurrency industry that many crypto analysts predict will have the same impact as meme coin giants, Dogecoin (DOGE) and Shiba Inu (SHIB).
The project is a dog-based meme coin initiative and runs atop the Ethereum (ETH) blockchain. Its native cryptocurrency, DETI, is a community-based token that provides utility within its ecosystem and could be a valuable long-term cryptocurrency investment in the current climate.
Dogetti (DETI) is in the early stages of its roadmap and is currently in the midst of an exciting presale. For more information on the token, check the following:
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