Home
News
The crypto winter is in full gear and with a few price crashes, we have fully entered the bear market. This bear market cycle is not unique to the crypto market as the bond, forex, and stock markets are also experiencing the same downturn due to macroeconomic conditions. As the crypto winter continues to ravage the market, investors have been forced into capital preservation mode.
Furthermore, investors have seen their portfolios decline and it may be confusing for newbie investors as they may not know the next steps to take. The bear market presents buyers with an opportunity to purchase crypto projects at a discount. This would help them to add new solid projects to their portfolio and remove poorly performing projects from their portfolio.
Three crypto projects that are set to survive the crypto winter are Sandbox (SAND), Polygon (MATIC), and Stakenomics (STAK). These three crypto projects provide utilities for their users and have proven to be useful for crypto purposes. In addition, their token prices have shown signs of rebound once market sentiments become positive.
The Sandbox (SAND) The Crypto for Gamers
The Sandbox (SAND) is a crypto metaverse game built on the Ethereum (ETH) blockchain. The project is designed for users to play games, and create, sell, and buy digital assets. In addition, The Sandbox uses the power of DAOs and NFTs to create a crypto gaming ecosystem where users are in control of their assets and can be creators and consumers at the same time.
Pixowl launched the project in 2011 and has become a leader in the metaverse and crypto gaming category. The Sandbox aims to introduce blockchain technology into the broader gaming community and change the way players experience and approach gaming.
SAND is the transaction token of The Sandbox gaming ecosystem and it facilitates transactions between users. This includes buying and selling various gaming items within The Sandbox ecosystem seamlessly.
The game uses a unique and creative play-to-earn model which has attracted a large number of players to its platform. It has also managed to attract creators to the game keeping a balanced ecosystem of creators and users.
Polygon (MATIC) Bringing the World to Ethereum
Polygon (MATIC) is a layer 2 scaling solution. It is designed for the Ethereum (ETH) blockchain. It is well-structured for scaling and infrastructure development and is a useful tool for Ethereum developers. The protocol distributes the Polygon SDK: a modular and flexible framework that makes it easier for developers to build projects.
Furthermore, Polygon allows the creation of optimistic roll-up chains and Zero-knowledge (ZK) chains. Polygon transforms Ethereum into a multi-chain ecosystem by creating an internet of blockchains.
MATIC is the governance token of the Polygon ecosystem. It is also used to secure the network through staking and it facilitates trades on Polygon as it is used to purchase NFTs among other transactions. The Polygon side chain allows builders to expand the capabilities of the Ethereum blockchain and uses its network as an extension of the blockchain.
What is Stakenomics (STAK)
Stakenomics (STAK) is a decentralised finance protocol that aims to bring financial empowerment to new and old crypto users alike. The protocol is built on the Binance Smart Chain (BSC) and aims to create a stable and decentralised platform for transactions on the blockchain.
Stakenomics would also allow users to borrow, lend, stake, and yield farms on its protocol. In addition, Stakenomics would reduce the barrier to entry for DeFi projects by educating its users and providing the tools they need.
STAK is a BEP-20 token and it is the governance token of the Stakenomics protocol. It fully adheres to the BEP-20 token standards and is the governance token of the Stakenomics DAO. The DAO would allow its members to use its DEX, earn yield, and learn about crypto in its educational program.
If you’re looking for a few cryptocurrencies that could strengthen your portfolio through the crypto winter, try the ones listed above.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
