What Does the Crypto Winter Mean? Will KENINAH (KEN), Compound (COMP), and 1inch Network (1INCH) Coins Will Be Affected by the Crypto Winter?
In this period, also known as the crypto winter, many large cryptocurrencies are witnessing a loss of value. Investors are emphasizing that there is a bear rally across the entire coin market, including major blockchain projects. Analysts agree that this rally will not last long and that it will start to rise again in a short time. In the statements from cryptocurrency exchanges such as Binance, it is emphasized that we are in the last stage of the bear market.
Buy the Dip with KENINAH (KEN)!
Investors are evaluating the opportunities to buy the dip to invest in long-term cryptocurrency in this period. Analysts who say that the coins that have lost value will rise again soon point out that this process can be considered a window of opportunity. In particular, it is stated that newly developed projects create very profitable opportunities for the long term. KENINAH (KEN), which attracted attention during this period and was under the spotlight even though it was not yet included in the cryptocurrency market, stands out as one of the brightest stars of the contraction.
While many blockchain-based projects are under development, KENINAH (KEN) is working on a brand-new organization in this field. Stating that there was no organized donation platform before, the developers stated that the KENINAH (KEN) platform can be used to make transparent and reliable donations with coins, which are the financial tools of the future. The ecosystem offers donors transparency in all matters and ensures that the transactions made will reach the desired destination.
The coin is being developed on the BNB (BNB) chain. It is stated that almost instantaneous transaction speeds are reached in the ecosystem, which will work with minimum costs. The coin is followed with interest by many investors as it works in a new field.
One of the Best Peaks in Crypto History! Meet Compound (COMP)!
Compound (COMP), which peaked at $910, increasing four times from its debut price, has a low supply of 10 million units. The circulating supply of the coin is approximately 7 million units. With a daily trading volume of $65 million and a market cap of $450 million, Compound (COMP) keeps the coin at 92nd place in the market rankings. Although the coin seems to have lost 92% of its value since its historical peak, it still has a strong price level of $65.
Limited supply and interest possibilities from many cryptocurrency pools seem to be promising advantages of the project. When the Compound (COMP) chart, which has been under the effect of the bear market for about a year, is examined, it seems that it has made serious leaps in the emerging markets.
1inch Network (1INCH)’s Recovery Might Take Time After the Crypto Winter, but It Will Recover.
1inch Network (1INCH) is a decentralized exchange aggregator. It sources liquidity from multiple exchanges and allows users to trade at the best prices. 1INCH was founded in 2020. Its purpose is to reduce barriers to entry and increase liquidity in the DeFi space, which is essential for the ecosystem’s growth. Despite the current cryptocurrency market conditions, 1inch Network (1INCH) is still actively developed, and its team is confident that it will recover in time. The community is also supportive, which shows that there is still a strong belief in the project. Only time will tell if 1inch Network (1INCH) will be able to survive the crypto winter, but its long-term prospects look promising.
The crypto winter has taken its toll on the prices of many digital currencies, but that doesn’t mean that all coins are suffering equally. In this article, we’ve looked at how three different cryptos- KENINAH (KEN), Compound (COMP), and 1inch Network (1INCH)– have been affected by the current market conditions. Despite the crypto crash, we believe that investing in KENINAH (KEN) is still a good idea. Thanks for reading!
Keninah Concord (KEN)