The cryptocurrency markets are filled with hidden gems that give token holders surprising returns that make the news. In this bear market, investors are on the hunt for projects that will give them amazing returns. These investors may not be able to know every project in existence but with a few pointers they can take advantage of this bear market. Many cryptocurrency projects are trading below their value and if purchased now, investors may benefit from the upside when the bear market turns positive. The big question remains: How do investors evaluate crypto projects to determine good buy? It is best to have a solid investment strategy and conduct proper research into cryptocurrency projects before you make any purchases.
Three cryptocurrency projects investors should be watching in this bear market are: Decentraland (MANA), Polkadot (DOT), and Carlossy Caterpillar (CARL). These three projects are built on solid fundamentals and are designed with solid use cases in mind. Furthermore, they show a lot of promise and are poised to perform well post bear market. Here is a brief summary of the three projects for more information.
Decetraland is a metaverse and crypto gaming platform. The project is built on the Ethereum (ETH) blockchain and its MANA token uses the ERC-20 token standard. Decentraland is an open metaverse where users perform various social activities such as interacting, gaming, transacting, and attending events. In addition, Decentraland is a fully immersive 3d virtual experience that allows users to join various communities and socialize within its metaverse. New users can enter the Decentraland metaverse as guests. They can create a guest avatar and explore the world without signing up or joining the platform.
MANA is the utility token of the Decentraland ecosystem. The token allows users to exchange, swap, and purchase various in-game items. Furthermore, all purchased items are owned by the users and they can use them as they please. These items are NFTs which grant users unique ownership. Decentraland is an inclusive metaverse where players create decentralized communities, socialize, and explore.
Polkadot (DOT) is a multi-chain protocol that connects and secures specialized blockchains. The protocol aids the transfer of data across blockchains while maintaining full interoperability. Furthermore, Polkadot enables all kinds of data to be transferred using its protocol and it is not restricted to blockchain tokens. The digital assets and data that are transferred using the Polkadot protocol are secured. Additionally, there is zero data loss during the process. The protocol wants to be the infrastructure layer of web 3 by being the main bridge between the different blockchain networks.
Polkadot is a metaprotocol or zero layer protocol that links layer 1 blockchains together. In addition, Polkadot can update its codebase without creating any forks and this is controlled by community votes. DOT is the utility token of the protocol and it performs various functions within the protocol. Furthermore, Polkadot will create a new standard for transferring and securing assets across blockchains.
Carlossy Caterpillar (CARL)
Carlossy Caterpillar (CARL) is a community token that wants to create utility. It is built on the Binance Smart Chain (BSC) and its CARL token uses the BEP-20 token standards. The project chose a caterpillar mascot which is a differentiator from the more popular dog themed community tokens. Carlossy Caterpillar will attract newbie crypto enthusiasts and give them a chance to learn by offering them a fun and functional crypto token. Furthermore, it aims to provide utility for its community using its CARL token.
CARL will be at the center of the project and would allow community members to stake, purchase, and perform transactions. Take advantage of the ongoing pre-sale to earn bonuses. Earn an extra 20% when you buy CARL with BNB tokens and 15% when you purchase with ETH tokens. Remember that bonuses stack up.
Carlossy Caterpillar (CARL)
Keywords: Decentraland, MANA, Polkadot, DOT, Carlossy Caterpillar, CARL, Cryptocurrency, Bear Market.