Bear markets are known to be a very turbulent period in the cryptocurrency industry where losses abound. They are quite the opposite of bull markets and are notorious for being a period when cryptocurrencies dip in value.
Some of the world’s largest cryptocurrencies have been seriously affected by the current bear market. Cryptos like Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX) have been heavily affected and continue to suffer the adverse effects of the bear market.
With the industry-leading cryptos all suffering from the effects of the bear market, an opportunity for lesser-known altcoins to take centre stage has emerged. Additionally, with crypto prices going down, the bear market is the perfect time for long-term cryptocurrency investment.
Some of the altcoins making waves in the industry at the moment are Axie Infinity (AXS), Apecoin (APE) and HypaSwap (HYPA). From all indications, these three altcoins will dominate the market and fetch massive returns for their holders. Here’s everything you need to know about them.
Axie Infinity (AXS) Is Here to Change Metaverse Gaming
Crypto gaming is an industry that has been making waves recently. The sector features blockchain-based games that incorporate cryptocurrency and other elements of blockchain technology to elevate the level of gaming and provide otherworldly experiences.
A prominent member of the crypto gaming industry is Axie Infinity (AXS). This blockchain-based game is reputable for trading, battling and NFTs.
Axie Infinity (AXS) takes its inspiration from popular games such as Pokémon and Tamagotchi. With Axie Infinity (AXS), players can collect, breed, raise, battle and trade token-based creatures known as Axies.
These Axies are customizable and can take on various forms depending on the players choosing. Furthermore, each Axie is a Non-Fungible Token (NFT) that can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.
None of the operations on Axie Infinity are possible without its native cryptocurrency, the AXS token.
AXS provides utility and operates as a unique governance token, used to participate in key governance votes and give holders a say in how funds in the Axie Community Treasury are spent. The token also functions outside the platform and is available on the following crypto platforms – Binance, Huobi Global, Coinbase, FTX, Bithumb, KuCoin, Gate.io and Kraken.
Apecoin (APE) Remains Successful Among Traders
Apecoin (APE) is an Ethereum (ETH) based ERC-20 token and the governance and utility token used within the APE ecosystem.
This burgeoning new crypto project seeks to empower and incentivize decentralised community building at the forefront of web3.
Ownership of the token grants membership to the decentralised governance framework controlling the ApeCoin DAO and votes on how the ApeCoin DAO Ecosystem Fund should be used.
Apecoin has a circulating supply of 299,531,250 APE coins and a max. supply of 1,000,000,000 APE coins. The token is available on several crypto platforms, including Binance, BingX, OKX, Bybit, and MEXC.
Massive Returns With HypaSwap (HYPA)’s Presale
For some time now, Decentralised Finance (De-Fi) has been gaining mainstream attention because of the solutions the sector provides to existing problems within conventional financial systems.
De-Fi products and services are notable for possessing features otherwise absent from traditional finance, such as accessibility and transparency and are non-custodial.
HypaSwap (HYPA) is the newest member of the De-Fi family. The platform operates as a decentralised non-custodial liquidity protocol that allows lenders and borrowers to exchange assets through a liquidity pool.
HypaSwap (HYPA) functions as a robust system where transactions are possible without the risk of losing capital to fraud or default loans.
Its native cryptocurrency, HYPA, is central to all operations on the platform, such as staking, penalties, interest rates and more. The token is about to go on presale, and a date will be announced as soon as possible. For more information on HypaSwap (HYPA), watch this space.
Join HypaSwap (HYPA)’s Presale:
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