It is not fresh news; we are in a bear market. Stocks have been plummeting since the start of the year, and cryptocurrency, as one of the riskiest assets, have suffered. Indeed, the market is bad; however, the real traders and investors know that steps you take in such a market can set you up for significant gains when the bull market returns. These smart investors were able to spot Binance Coin (BNB) before it gained too much traction; they discovered Polygon (Matic) in its earliest days, and now, they have their sights set on Degrain (DGRN). Here’s why.
Binance Coin (BNB): How much can it really grow?
Binance Coin (BNB) was initially created as a utility token to give investors discounts on their cryptocurrency trading in July 2017. Binance Coin (BNB) is the native token issued by the Binance exchange, which is essentially the largest cryptocurrency exchange in the world. The Binance Coin (BNB) was first created as an ERC-20 standard token on the Ethereum blockchain, but it has since become the native cryptocurrency of the Binance Smart Chain. The Binance Coin (BNB) token is currently down more than 60% from its all-time high of $686 a year ago. No wonder many users have been slowly jumping ship. Although Binance Coin (BNB) has some room to grow, we believe that it has limited upside potential, especially compared to Degrain (DGRN).
Polygon (MATIC): A modifier for Ethereum
Polygon (MATIC) was initially introduced as Matic Network, and it was created by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in October 2017. Polygon (MATIC) was a novelty when it first arrived because it was the first platform for building and connecting blockchains that could work with Ethereum (ETH) on the cryptocurrency market. Polygon (MATIC) is known as the internet of blockchains because it modifies Ethereum into a multichain system. Aside from that, Polygon (MATIC) also enables the creation of decentralized apps. The Polygon token, MATIC, took a huge hit in this market cycle and is currently down more than 70% from its all-time high seven months ago and while there may still be hope, investors have their eyes peeled for better investments.
Degrain (DGRN): The revolutionary coin
Degrain (DGRN) is believed by many cryptocurrency analysts to be one of the top cryptocurrency investments anyone can make in 2022. Having already passed its audit, the Degrain platform aims to be the first cross-chain NFT marketplace in the world, and many investors have realized its potential and are keen not to miss out.
The presale for Degrain started on July 7th, and is currently ongoing. Fortunately, the price of the Degrain (DGRN) token is just $0.06. Some cryptocurrency analysts have predicted the price of the Degrain token could see an 8,000% increase to $4.8. We certainly agree that an investment into Degrain has the potential to provide significant returns on investment.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Was this writing helpful?