Bear Market Essentials – Three Crypto Tokens To Invest In Dogeliens (DOGET) Tezos (XTZ) And Stacks (STX)
Tezos (XTZ), Stacks (STX) and Dogeliens (DOGET)
The bear market is very much alive and showing no signs of slowing down. So far, the majority of cryptocurrencies have been affected by the bear market but not to the same extent as the world’s largest cryptocurrencies by market cap. Cryptos such as Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and Avalanche (AVAX) have witnessed terrible losses in the bear market. Bitcoin (BTC) has dipped to the point where major investors have begun selling their stocks to gain profit. It is a tough time in the cryptocurrency industry.
As things stand, the only way to take full advantage of this bear market is by playing the long game and making long-term cryptocurrency investments bound to yield a massive return on investment (ROI). These three tokens – Tezos (XTZ), Stacks (STX) and Dogeliens (DOGET) are among the best option available in the market. In this piece, we examine the three altcoins in depth.
Tezo loops (XTZ)
Tezos (XTZ) is a smart contract-capable blockchain network, just like Ethereum (ETH). The only difference between them both is that Tezos (XTZ) offers an infrastructure that is more advanced and can evolve and improve over time without there ever being a danger of a hard fork. Tezos (XTZ) and Ethereum (ETH) belong to a select category of blockchain networks with only a handful of members.
XTZ is the native cryptocurrency of Tezos, and it serves as a utility and governance token. XTZ holders earn the right to participate in the platform’s governance and vote on proposals for protocol upgrades that Tezos developers have put forward. To earn this right, XTZ holders go through a process known as “baking,” where they effectively stake 8,000 XTZ coins. This is to create a financial incentive for participants to act honestly.
XTZ is a top 40 cryptocurrency by market cap with a live market cap of $1,283,880,646 and a circulating supply of 900,030,683 XTZ coins. You can find XTZ trading on cerebral crypto platforms such as Binance, OKX, Bitget, Bybit, and BitCoke.
Stacks (STX) is a layer-1 blockchain solution designed to bring smart contracts and decentralized applications (dApps) to Bitcoin (BTC) without changing any of the features that make them powerful such as security and stability. It is powered by its native cryptocurrency, STX, which is used for several activities, including fueling the execution of smart contracts, processing transactions and registering new digital assets on the Stacks 2.0 blockchain network.
STX has a live market cap of $505,547,054, a circulating supply of 1,321,190,708 STX coins and a max. supply of 1,818,000,000 STX coins. The token is integral to the smooth operation of the Stacks platform, which seeks to become even better than the Bitcoin (BTC) network by taking what makes it so powerful and extending it with additional functionality. It does this without needing to fork or change the original Bitcoin (BTC) blockchain.
Additionally, STX token holders can also stack their tokens to earn Bitcoin (BTC) as a reward. STX is available on several crypto platforms, including Binance, Kucoin, OKX and Bybit.
Dogeliens (DOGET) is a next-generation crypto platform that seeks to provide world citizens with a meme token of choice that carries on the legacy of meme coin pioneers such as Dogecoin (DOGE) and Shiba Inu (SHIB) but with added utility. Additionally, the platform extends into the metaverse in order to provide new games, charity concepts and education material to improve cryptocurrency knowledge around the world.
DOGET, the native cryptocurrency of the Dogelions platform, is a meme coin with De-Fi features which allows users access De-Fi services such as staking. The Dogelions team seeks to make DOGET the meme token of choice within the cryptocurrency industry. DOGET goes on presale soon and is one to not miss out on. More details on the token will be made available in due time.