The cryptocurrency bear market is here again and crypto projects are feeling the crunch. Price slashes and liquidity exits are rife as investors are unsure how long the bear market will persist. As projects suffer temporary low prices, there are many good projects trading below their actual value. Carlossy Caterpillar (CARL) news…
Furthermore, these projects are primed for purchase as there is a high chance that they would return to their original prices when the bear market abates. The best way for investors to purchase tokens is by conducting thorough research before they make any purchases. Cryptocurrency tokens can go up just as they can go down so it is wise to ensure you are allocating capital to a solid project. Additionally, it is important to note that capital preservation is quite important during the bear market.
Here are three cryptocurrency projects investors should watch in the bear market: Sandbox (SAND), Floki Inu (FLOKI), and Carlossy Caterpillar (CARL). The crypto projects have solid use cases and are set to continue offering valuable services to their communities. Here is a more detailed breakdown of the projects.
Sandbox (SAND) is a metaverse and crypto gaming project built on the Ethereum (ETH) blockchain. Its native token, SAND, uses the ERC-20 token standards. The platform is a fully immersive metaverse with gaming elements. Within the Sandbox metaverse, users can perform various activities including playing games, creating, selling, and buying digital assets. These assets are owned by players and they have full control over how they use them. The Sandbox project aims to bring blockchain technology to gaming and change the way players experience gaming. Sandbox is governed by its DAO which controls its activities and decides the fate of the project.
SAND is the utility token of the Sandbox gaming ecosystem. It allows players to buy and sell various gaming items. As a governance token, it allows users to be part of its DAO and gives them the power to propose changes to the project. Sandbox uses a unique and creative play-to-earn model which incentivizes players to use and game on the platform.
Floki Inu (FLOKI)
Floki Inu (FLOKI) is a community token designed after the famous Shiba Inu dog. The project describes itself as a movement and has a strong community and loud online evangelists. Floki Inu is a spin off of the Shiba Inu (SHIB) community token which is an equally successful dog themed coin. It is a multi chain project that is currently available on Ethereum (ETH) blockchain and the Binance Smart Chain (BSC). The project is building an inclusive community that will provide utility for its token holders and incentivize participation.
Floki Inu has three core pillars for its community of users: A gaming metaverse called Valhalla, An NFT market place named FlokiPlaces, and the third is Floki Inuversity a crypto information platform for new crypto newbies. These three pillars would be the backbone of the project and would empower users to get more out of the token.
Carlossy Caterpillar (CARL)
Carlossy Caterpillar (CARL) is a community token that is built on the Binance Smart Chain (BSC). It would allow users to stake, purchase, trade, and participate in its ecosystem. The project chose a caterpillar as its mascot to differentiate itself from the more popular dog themed community tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). Carlossy Caterpillar aims to be a beacon that draws new users into the crypto ecosystem. Giving them a fun and functional crypto that they can use to learn the ropes. Furthermore, it aims to provide utility for its community using its CARL token.
CARL is a BEP-20 token that will be at the center of the project. As the pre-sale is currently ongoing, you can take advantage of this by getting an extra 20% when you buy with BNB tokens or 15% for ETH tokens. You also get an extra 10%, 8%, and 5% when you buy tokens at stage one, two, and three respectively.
Carlossy Caterpillar (CARL)