The cryptocurrency world is currently in the midst of a bear market, and you will be hard pressed to find a cryptocurrency that hasn’t hit the mark in this period. Most of the 20,000 cryptocurrencies currently flooding the market have suffered massive losses, causing some coins to drop nearly 100% in price.
Even some of the most sought-after projects in the world have not been exempted from the red candles left in the wake of the recent market drop in prices.
Shiba Inu: Why Investors Are Selling for Presale Star Degrain
The Shiba Inu (Shiba), for all its success in the past, has been plagued with problems lately, with investors scrambling for better options. It has fallen well below its all-time high market prices. Once famous for the project that gave its investors a 1,000x return on their investment, the Shiba Inu (Shiba) has now fallen far out of favor, losing millions of dollars to investors in the process. The Shiba Inu (Shiba) could potentially bounce back, however, that remains to be seen and there are likely to be better investment opportunities.
Litecoin: The Silver to Bitcoin Gold
At the peak of its value, Litecoin was worth around $360. Today, Litecoin is only slightly above $50, even falling as low as $40 two weeks ago.
The fall in its value coupled with massive investor withdrawal has inevitably led to a reduction in its daily trading volume. Over the past weeks, Litecoin (LTC) has had a daily trading volume of $600 million, which is significantly lower than in previous months. Not likely to return to its all-time high, we could see it reach $70 if market conditions improve.
DeGrain: Projected to be top investment in 2022
A general principle that most crypto investors use in deciding which projects to invest in is looking for projects with utility. These are projects that do not just exist as cryptocurrencies, but are also underlying products that serve a purpose. The latest in this class of projects is DeGrain. Experts Believe DeGrain Could Be the Next Crypto Invest with 1,000x ROI, And for good reason.
It intends to be the first and only NFT platform with the capability of cross-chain interoperability, as well as the first and only NFT protocol to bring the utilities that can be offered by NFT to the real world.
Analysts around the crypto space believe that the concepts behind DeGrain could make it one of the biggest breakthroughs for the crypto and NFT worlds, and have labeled it ‘one to watch’. Its pre-sale started only on 7th July and its current price is Rs. $0.01 a must buy in our opinion.