The ongoing bear market has undoubtedly significantly impacted the cryptocurrency industry and crypto regulars, such as traders and investors. Spanning over four months and counting, it is the longest bear market in crypto history and the one that has caused the most damage. One thing the ongoing bear market will surely be remembered for is causing Bitcoin (BTC), the world’s largest cryptocurrency by market cap, to fall below its $20,000 support mark on a number of occasions. It is a feat that had never occurred prior to the ongoing bear market.
As the situation lingers, the need for feasible long-term solutions has become imperative within the cryptocurrency industry. This piece discusses three highly promising altcoins that could save portfolios and be a lifeline for struggling investors.
Hedera (HBAR) – The Sustainable Blockchain
Hedera (HBAR) is a notable sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (dApps) within the cryptocurrency industry. Unlike older blockchain systems that use a consensus mechanism like proof-of-work (PoW) to validate transactions, Hedera (HBAR) is based on a PoS model that increases the efficiency of transaction verification in the network, provides a high level of security, and protects the network from hacker attacks. Its design allows it to operate as a fairer, more efficient system that eliminates some of the limitations of older blockchain-based platforms, such as slow performance and instability.
Its native cryptocurrency, HBAR, is an integral part of its ecosystem and incentivizes the network. HBAR facilitates all kinds of crypto-related operations on Hedera and is available on several crypto platforms within the industry.
Elrond (EGLD) – The Speedy Platform
Elrond (EGLD) is a blockchain-based platform within the cryptocurrency industry that provides breakneck transaction speeds by using sharding. Its speed and performance are reportedly remarkable, and its smart contract execution platform is reportedly capable of 15,000 transactions per second (tps), with six-second latency and a $0.001 transaction cost. All around the cryptocurrency industry, Elrond (EGLD) is regarded as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things.
Its native cryptocurrency, EGLD, is an integral part of its ecosystem and is responsible for facilitating crypto-related operations, such as paying network fees, staking, and rewarding validators. EGLD is a highly sought-after cryptocurrency with stocks on various crypto platforms within the industry.
Introducing Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is an upcoming meme coin with attractive features, such as a lack of transaction fees, a massive supply, and an exciting roadmap. The culmination of these features has made Big Eyes Coin (BIG) the subject of interest and excitement within the cryptocurrency industry, and it has dominated the headlines of crypto news for some time now. Currently, in the fifth stage of its presale, the token is merging as a viable option for long-term cryptocurrency investment for struggling investors in the ongoing bear market.
Big Eyes Coin (BIG) has raised over $7.33 million in presale and looks likely to become a valuable asset in the current climate. It is a very attractive cryptocurrency and one of the most promising tokens within the industry.
Big Eyes Coin (BIG) is currently doing a bonus tokens giveaway; with your chance to claim bonus tokens use code: BIG9667 when purchasing BIG tokens.
Click the links below to find out more information on the Big Eyes Coin (BIG).
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.