According to bear market history, the coin market always bounces back. However, only those with high-potential crypto tokens in their portfolios will enjoy the reversal in the cryptocurrency market. This piece will look at a few cryptocurrency options to look out for by the end of 2022.
Meme coins are one of the most intriguing crypto tokens on the coin market. While they have been on the market for some time, it wasn’t until 2021 that they gained worldwide renown. Dogecoin is considered to be the frontrunner in the cryptocurrency market by many people. Today, Dogecoin is one of the largest crypto tokens on the coin market, but its journey to the top was far from straightforward. Dogecoin could get to the top of the meme sector and become one of the top 10 largest cryptocurrencies worldwide by living off the hype of the world’s richest man – Elon Musk.
As of late 2020, Dogecoin was just like other meme coins in the crypto space with an unlimited supply and no use cases. However, that changed when Elon Musk mentioned cryptocurrency in a comment. Many people immediately went to purchase the coin, pushing its value higher. It didn’t take long before some online stores and e-commerce businesses began accepting Dogecoin as a payment method. However, the success of Dogecoin has been short-lived because of the 2022 crypto crash. But when you consider how it has gotten where it is today, it’s clear that there’s still plenty of potentials to improve and get better.
Unlike other cryptocurrency projects that are only designed as a means to transfer value and store it, Elrond is a blockchain-based project that allows users to enjoy a high transaction volume. To support multiple transactions at once, Elrond uses smart contracts. This smart contract capability will also allow the platform to support decentralized applications.
Elrond was founded in 2018 and it relies on a proof-of-stake mechanism to process its transactions. This mechanism relies on the simultaneous contributions of numerous crypto users. They’ll contribute their resources and create a large pool of resources on the platform. This project can process up to 15,000 transactions per second at a cheap rate. To prevent this network from congestion, a new block of transactions is added every six seconds.
The speed and low cost of Elrond has made it an attractive platform for many people and large business entities who are interested in creating decentralized projects. What’s more? Elrond is safe for the environment because it requires less processing energy. EGLD is the native token of this platform.
If you’re looking for new crypto gems to invest your money and enjoy long-term returns, Petrousus is the ideal choice for you. Despite being a cryptocurrency that has just made it to the coin market, Petrousus already packs plenty of potentials. This coin will serve as more than just a means of payment and asset transfer, its main focus is on the DeFi market. It wishes to correct the numerous deficiencies of the modern-day DeFi space. But how exactly does it plan to do this?
Petrousus will serve as a one-stop location for everything related to DeFi. This means that users will get access to multiple DeFi features in just one click. The development team of this token has identified that many users struggle with DeFi features and has made an easy-to-use system for everyone. Furthermore, Petrousus has security features to prevent rug pulls and excessive whale dominance that may threaten the long-term growth of the project. PSUS is the native token of this project. Crypto users can also participate in the Petrousus presale and enjoy lucrative offers. For instance, users will get a 15% bonus for depositing BTC and a 10% for depositing SOL..