Anyone who has been interested in crypto for a while knows that the market moves in cycles. In 2022, the market is going through a bear cycle. While it may be a “painful” situation for investors in the short term, it means that cryptocurrencies are now trading at a massive discount. Investment banking firm TI Partners also shared 11 cryptocurrencies that can be purchased in the bearish market we have experienced recently. Here is the list of cryptocurrencies such as GALA, LINK, CRO…
GALA, LINK, APE: Here are the cryptocurrencies you can buy from the drop
According to TI Partners, all cryptocurrencies in the list below have highly innovative solutions that will “disrupt” major industries in the future.
Terra Classic (LUNC)
Luna Classic is a valuable remnant of the Terra ecosystem. The original Terra Luna coin was left behind after the devastating UST/Luna crash. Luna Classic survived as part of Terra founder Do Kwon’s rescue plan. Today the Luna Classic remains stamina in the face of uncertainty and confusion. According to TI Partners, LUNC is a recognized cryptocurrency to buy today, as the community recently agreed on a token burn. This is expected to cause “fear of missed opportunity (FOMO)”. Therefore, according to the company, the coin may be one of the best performers in the short and medium term.
When looking at the most recognizable cryptocurrencies to buy, the fundamentals are valuable. Chainlink simply stands out on this front as it has some of the strongest fundamentals in the entire cryptocurrency market. Chainlink helps smart contracts work. Input, output, and computational accuracy are invaluable when creating smart contracts that interact with the real world. If a contract makes a wrong calculation or is based on inaccurate data, the entire system can be compromised.
Chainlink’s decentralized oracle networks provide access to information from external sources. In a protected form, it integrates them into smart contracts. In addition, Chainlink networks provide comprehensive verification of outputs and calculations performed by connected nodes. Thus, it helps prevent manipulation of data when moving in the middle of contracts. Overall, Chainlink provides a powerful solution to support complex smart contracts in Blockchain technologies.
CRO is the token of the payment ecosystem developed by CRO Protocol Labs, popularly known as Crypto.com. It is an integral part of the company’s mission to provide a comprehensive suite of services for the decentralized financial world. As a fully integrated exchange and wallet all in one, Crypto.com offers users a streamlined way to buy, sell and stake their crypto. If you are in the ecosystem, CRO makes it easy for you to comfortably manage all your cryptocurrency. Fast process provides hassle-free transfers in the middle of pairs and currencies.
Quant (QNT) is a powerful token fueling the innovative Overledger platform. Designed to build bridges between public and private Blockchains, Overledger provides trustworthy enterprise-grade software solutions for businesses that want to connect with other applications in Blockchain ecosystems. Whether you need to connect your project with your other Blockchains or create Dapps that run on multiple platforms, Quant Network has the tools you need to be successful.
With cutting-edge technologies like the mDapp interface and mid-chain consensus protocols, Quant helps redefine how businesses interact with Blockchain-based platforms. Therefore, according to TI Partners, if you want to take advantage of the full potential of Blockchain technology, you can look into Quant Network.
Due to its position in the play-to-win space, Gala now simply makes it into the list of the most recognizable cryptocurrencies available for purchase. The token is a valuable component of the Gala Games ecosystem of numerous play-to-win (P2E) games. Players earn GALA tokens through games. They can then use it to purchase game items within the games. Moreover, Gala Games is considered one of the most viable crypto DAO projects around, due to the democratic voting process that allows Gala owners to influence the platform’s gaming ecosystem.
Gala also offers periodic NFT airdrops and daily GALA rewards. This encourages players to come to the ecosystem. Gala is also making plans to improve its infrastructure. Gala Games has announced that it plans to launch a blockchain-based platform for its online games in early 2022. This new platform, named GYRI, provides players with more security. It also provides developers with more powerful tools.
The next coin on the list of the most recognizable cryptocurrencies to buy today is the REN. Ren is software that revolutionizes our way of thinking about crypto-asset transfer. Ren allows investors to seamlessly exchange tokens amidst different blockchains. This makes it easier than ever to interact with dApps. With Ren, Bitcoin users lock their holdings with a smart contract. It can take an equal measure in case of Ethereum – thus allowing them to access all the benefits of decentralized platforms without having to use multiple crypto wallets.
Ren has many other innovative features. The most valuable is shown as RenBridge. RenBridge cross-chain Ren users by wrapping existing tokens. For example, if you have BTC but want to take advantage of the developments in the Ethereum ecosystem, you lock your coins and you will be rewarded with renBTC. With RenBTC, you can interact with Ethereum-based platforms and applications. Overall, Ren allows traders to switch in the midst of cryptocurrencies. It makes it easy and efficient to maximize the potential of your assets.
Balancer is a trading platform that offers a wide range of trading features. One of its most innovative features is Balancer pools, which allows investors to integrate multiple crypto assets into their portfolios. These pools are highly dynamic and automatically rebalance in response to changing market conditions.
It ensures that traders always have access to the liquid markets. Additionally, Balancer pools make it easy for liquidity providers to establish process prices. Thus, it provides them with an additional source of income. Balancer also has a unique mechanism to entice crypto traders to use the platform. This is done through a unique token system that distributes BAL tokens based on the average transaction price.
FTX Token (FTT)
FTX has quickly become one of the most recognizable crypto exchanges. It offers users a wide variety of cryptocurrencies to trade. Like many crypto exchanges, FTX uses its native token, the FTX Token, to make things easier for traders. For example, the FTX token is included as an asset in the FTX futures ecosystem. It is also used to reduce trade prices. TI Partners points out that FTX has rallied over 2,000 percent in its growth trajectory.
One of the most exciting new trends in the crypto world is the rise of fan tokens. These crypto assets can be acquired through Socios.com, which allows users to purchase tokens issued by their favorite sports groups or organizations. These fan tokens are very innovative and exciting. Because they offer their owners unique advantages and benefits such as early access to works and the opportunity to meet their favorite players.
In recent years, many top football clubs such as PSG and AC Milan and Formula 1 groups have partnered with Chiliz through the Socios.com platform. It has released its fan tokens. These cryptoassets have had tremendous success as fans are excited to be more immersed in the world of their favorite rosters and players. In addition, TI Partners points out that the number of sports organizations using Socios.com is increasing. Koindeks.comAs we reported, the latest sign of growth was the sponsorship deal in the middle of the NFL and Socios.
Thanks to its association with Bored Ape Yacht Club NFTs, ApeCoin simply makes it into the list of the most recognizable cryptocurrencies available for purchase today. Bored Ape Yacht Club is a highly sought after NFT known for its quality and design. The club is highly regarded within the crypto gaming community for its rigorous review process. This makes it one of the most exclusive NFTs on the market. This growing popularity has benefited ApeCoin, the official cryptocurrency of the Bored Ape Yacht Club.
This was evident when ApeCoin rallied over 200 percent quickly after its listing. Today, ApeCoin remains one of the most sought after cryptocurrencies. It continues to grow as more people join the private BAYC community. An interesting example of use cases is the ecosystem token in the metaverse Otherside, created by BAYC.
Uniswap is a decentralized trading platform on the Ethereum Blockchain. Using smart contracts, Uniswap allows users to exchange different crypto assets simply and quickly with maximum efficiency and security. Unlike other crypto exchanges that rely on centralized ledgers that can be subject to manipulation, Uniswap uses a new procedure known as liquidity pools. These pools provide liquidity for each asset pair and are periodically given to users based on their level of participation in the exchange.
Overall, Uniswap is loaded with a focus on decentralization. It is built on the latest Blockchain technology. By eliminating the need for manual command book management, speed and accessibility are increased. It often reduces prices and other costs associated with traditional cryptocurrency exchanges.