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The cryptocurrency market experienced a huge bearish wave for most of the year, which saw most tokens drop significantly in pricing. Many fell by over 70%, which is evidence of the devastating effects of the crypto collapse. However, analysts and financial experts expect a bullish run to kick off the new year 2023, and most crypto traders are looking to position themselves to make the most of the transition. Here’s a review of Solana (SOL), Chiliz (CHZ), and Dogeliens (DOGET), three tokens touted to give excellent returns on investment in the bull run.
Solana (SOL)
Solana (SOL) is a decentralized platform offering speedy transactions and lesser gas fees. At the period of its release, most blockchains were facing significant challenges in dealing with scalability. Its innovative solution to the situation made it the household name it is today.
Solana (SOL) solved the scalability issue with its protocol. The protocol is a hybrid of proof-of-stake and proof-of-history protocols that allows the network to operate and perform transactions quickly. The hybrid protocol also reduces the network’s energy requirements, thus ensuring a small amount of energy is needed to run the system. Lesser energy means lesser gas fees.
Solana (SOL) also hosts various DApps and web3 solutions like NFTs and exchanges. The platform supports smart contracts that coordinate the automation of the users’ operations. Smart contracts are also used to secure NFTs, although they could develop bugs due to the network’s speed.
Solana (SOL) has been on a decline since March 2022. However, its robust protocol will contribute to its resurgence by 2023. The native token SOL powers the platform and is a popular exchange medium on the Solana (SOL) blockchain. It sells for $32.73 on CoinMarketCap.
Chiliz (CHZ)
Chiliz (CHZ) is the official token for the Socio.com platform, and it is built on the Ethereum blockchain. It allows users to have a say in decisions concerning their favorite clubs, provided the platform supports the club. It also runs on smart contracts, which are the primary mechanisms for most voting processes.
Chiliz’s operations have started the digital transformation of real-world sports, and many soccer clubs are keying into the platform. The platform encourages fans to be more involved in decisions. Top clubs that have begun partnerships with Chiliz include Paris Saint Germain, Juventus, and Barcelona.
Fan tokens are the means to earn voting rights as a fan through Chiliz (CHZ). The more tokens, the more votes a user has. However, which decisions fans can get involved in depends on the club. Decisions could range from jersey designs to exhibition match fixtures. The fan tokens also generate some revenue for the clubs. CHZ is the network’s official token, and it sells at $0.2186 on CoinMarketCap.
Dogeliens (DOGET)
Dogeliens (DOGET) is the latest utility token to hit the cryptocurrency market. Its grand protocol features user-friendly components that are sure to make the coin boom by the next bullish trend.
Dogeliens (DOGET) intends to be an interplanetary token, enabling trade between humans and other extra-terrestrial species, should human exploration discover them. While that sounds a little futuristic, the token aims to get enough humans sensitized on its objectives as it offers them utility cryptocurrency services.
The cryptocurrency market is filled with numerous meme coins, each being a first-time wonder without much continuity. Dogeliens (DOGET) looks to be different with its ‘complete’ protocol. While it will continue to be a source of memes worldwide, it also plans to offer utility services like NFT creation and trade, a Metaverse space experience for its members, and even an E-learning initiative. Like many meme coins, Dogeliens (DOGET) will be actively involved in charity worldwide, contributing to education in poor regions by building schools from its treasury funds. The University of Barkington seeks to educate new and intermediate-level traders on how best to profit from their DeFi tools.
Now, what are you waiting for? Dogeliens’ (DOGET) presale is here, and with it is a chance to get your tokens before the token launches. Follow this link to the presale page and get updates from the developers.
Dogeliens (DOGET)
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
Source: https://en.cryptonomist.ch/2022/11/03/3-utility-tokens-watch-next-bull-run/