With the crypto ecosystem suffering from the bear market, many investors are now more careful and this has greatly affected the following many projects in the past. Shiba Inu (SHIBA) and Algorand (ALGO) are two good examples of coins that have been losing popularity in this market cycle but not to worry, there’s hope.
Unlike Shiba Inu (SHIBA) and Algorand (ALGO), Degrain’s (DGRN) popularity has been waxing stronger and many analysts have ranked it among the list of moneymakers in the ecosystem.
Shiba Inu (SHIBA) investors are unsure what the future holds and begin to sell
Shiba Inu (SHIBA) was first created in August 2020 anonymously under a pseudonym known as “Ryoshi.” Ryoshi the Shiba Inu (SHIB) creator warned people not to try to find him as he is a nobody however, the coin he created rapidly gained popularity and value.
It was thought to have a cute charm, and tweets from big players like Vitalik Buterin, and Elon Musk spurred growth in Shiba Inu (SHIB). Essentially, Shiba Inu (SHIBA) is a meme coin; however, the creators of Shiba Inu (SHIB) have been working to make it a valuable use case that can keep it relevant.
It has been a rough journey for Shiba Inu (SHIB) and with the current bear market, investors are losing faith and ditching ship. Shiba Inu (SHIBA) is currently worth $0.00001196 per token but even though there is potential for an increase, if it continues to lose investors, Shiba Inu (SHIB) will not stay afloat.
Algorand (ALGO) A long-term investment but will it ever pay off?
The Algorand (ALGO) mainnet was launched in June 2019 and was strong enough to take nearly a million transactions per day as at December 2020. Algorand (ALGO) was created to make transactions faster while improving efficiency.
Like many coins, Algorand (ALGO) has taken many hits during the ongoing bear market. Algorand (ALGO) reached an all-time high of $3.28 three years ago but since then it has fallen more than 89%.
Some analysts recommend buying the dip especially in Algroand (ALGO), but is there any guarantee that the investment will pay off in the future? Many Algrorand (ALGO) investors have sold to buy into the Degrain (DGRN) presale.
Degrain (DGRN) is the crypto everyone is rushing to buy in August
Degrain (DGRN) is an upcoming platform with plans to become the first cross-chain NFT marketplace in the world. Users of Degrain (DGRN) will enjoy low transaction fees, good security, complete decentralisation as well as perks that being a holder comes with.
Degrain (DGRN) launched the first phase of its presale on July 7th with more than 11 million tokens sold in the first 60 seconds of launch. That energy has been maintained and over the course of days that followed it quickened the presale, causing it to end two weeks earlier. Degrain (DGRN) which is now in Phase Two of the presale sold over 85 million tokens in just under a week, it’s been predicted presale will sell out early with top crypto analysts predicted a rise of over 8,000% in Degrain by the end of the year. Liquidity will be locked for ten years while the team will be unable to sell any tokens for the first year. The smart contract has passed its audit proving to be a safe investors for those looking to make huge gains. You can buy into the presale using the links below.
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?