Bear markets are a time within the cryptocurrency industry when crypto tokens are at their most volatile, and all crypto-related activities are generally unattractive because of the risk attached. Be that as it may, bear markets are essential for the growth and development of the industry. If bull markets are the calm before the storm, bear markets are the storm itself. Nevertheless, at the end of every bear market, the cryptocurrency industry always comes out better and stronger.
The current bear market has been equally turbulent as it has been remarkable. Remarkable in the sense that it has brought about a lot of “firsts” within the cryptocurrency industry. It is the first bear market in which the world’s largest cryptocurrency by market cap, (BTC), has fallen below the $20,000 support mark. It is also the longest bear market in history, another first. There is no doubt that it will go down in the history books and will surely leave lasting effects on the cryptocurrency industry.
Bear markets are also a time when crypto prices are at an all-time low. This makes it the perfect period for long-term cryptocurrency investment as altcoins can be purchased at cutthroat prices. For investors interested in long-term cryptocurrency investments, these two altcoins – (AVAX) and Zompot (ZPOT) are the ones to look out for. We examine everything there is to know about both crypto tokens in this piece.
Avalanche (AVAX): Top Killer
Avalanche (AVAX) is a notable blockchain network within the cryptocurrency industry. Its contributions to the industry in terms of the solution it provides to existing problems have earned it the moniker “Ethereum Killer”. ” Ethereum Killer” is a tag given to blockchain networks that excel in areas that the Ethereum (ETH) network does not, such as scalability, fees, transaction throughput and interoperability. These blockchains are seen as serious rivals to Ethereum (ETH) and possess the potential to unseat it as the smart contract-capable blockchain network of choice.
AVAX, the platform’s native cryptocurrency, is equally popular within the cryptocurrency industry. AVAX is a top 20 crypto by market cap with a live market cap of $4,876,757,560, a circulating supply of 283,452,491 AVAX coins and a max. supply of 720,000,000 AVAX coins. On the Avalanche platform, AVAX is used for staking and trading, amongst other activities. AVAX can also be used to interact within the cryptocurrency industry. You can find the token on the following crypto platforms Binance, Bitfinex, Gate.io and Kucoin.
Zompot (ZPOT): A Promising Platform With Huge Potential
Blockchain technology, as secure and transparent as it is, still possesses some limitations, which are a major concern to certain parties such as potential investors and users. These limitations, if not addressed, threaten to limit the potential of blockchain technology and stop it from achieving global adoption.
This is why the upcoming crypto token, Zompot (ZPOT), is an exciting prospect. The token seeks to provide reliable solutions to the limitations within the blockchain industry and provide users with a transparent way to conduct their transactions and solve possible security and privacy problems.
The Zompot (ZPOT) token is a feature of the upcoming Zompot project, which seeks to provide users with secure and multi-option investment opportunities. The project is based on sound strategy and planning with adequate preparation to ensure that users’ investments are always safe and protected against inflation. It is for this reason that Zompot runs on the Binance Smart Chain (BSC), a notable blockchain network renowned for security, scalability and transaction throughput.
With the Zompot project moving swiftly along its roadmap, Zompot (ZPOT) is set to go on presale any time now. More details on the token will be made public as time goes on. In the meantime, watch this space for more information regarding the project and its revolutionary currency.
For more information, check out the links below.
Twitter (NYSE:): https://twitter.com/Zompot_