The bear market has had a negative effect on many tokens, including Ripple (XRP) and Apecoin (APE). The two tokens have made their investors a lot of money in the past; however, as people get more cautious about holding crypto assets in the current market, they have both been losing popularity. So, where are those investors going? Many are converting their assets into stablecoins and Degrain (DGRN), a revolutionary protocol expected to become the next blue chip.
Ripple (XRP) still struggling while having problems with the SEC
Ripple (XRP) is down more than 90% from its all-time high of $3.84, but that’s not the biggest problem, as everyone knows the bear market can be brutal. The problem is that the all-time high mentioned above was about five years ago. In the years since then, it has continued to struggle, and while investors were willing to tolerate this while the market cycle was good, many have become disgruntled with the XRP token causing them to cut their losses and move on to more profitable ventures.
Apecoin (APE) Investors have been jumping ship to join the Degrain (DGRN) presale
Apecoin (APE) was created by the founders of the famous Bored Ape Yacht Club NFT, which is known as one of the blue chips in the NFT ecosystem. The NFTs were deployed on the Ethereum chain; however, Apecoin (APE) was incorporated into the Polygon (MATIC) network because of the unfortunate gas fees and traffic congestion on Ethereum. Apecoin (APE) is currently worth $6.78, more than 80% lower than its all-time high of $39.40. Some investors remain bullish on the coin’s founders but have also been keeping their eyes on Degrain (DGRN), which analysts have said will become a blue chip as well.
Degrain (DGRN) predicted to be the best investment of 2022
Degrain (DGRN) captured the attention of many when the first phase of its presale saw over ten million transactions in the first 60 seconds. The Degrain (DGRN) platform aims to be the first cross-chain NFT marketplace, something even the powerful Opensea has been able to achieve.
Degrain (DGRN) also has plans to reward its stakers and users while providing lower transaction fees, adequate security, and complete decentralisation. The first phase of the presale sold out over two weeks early and the token is now in the second phase with a value of $0.06. Top crypto analysts are predicting a rise of over 8,000% by the end of the year. Liquidity will be locked for ten years whilst the team will be unable to sell any of their tokens for a year. The smart contract has passed its audit making this a highly safe investment for holders. We think this will be the best investment of 2022. You can join the presale using the links below.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/08/top-crypto-analysts-go-all-in-on-degrain-dgrn-as-ripple-xrp-and-apecoin-ape-struggle