Near Protocol (NEAR), Aave (AAVE), and Persystic Token (PSYS)
The crypto crash is here once again and investors have been reintroduced to a familiar face- the bear market. It can be quite an experience surviving the bear market as many cryptocurrency projects suffer huge price cuts. For example, projects like Bitcoin (BTC) and Ethereum (ETH) have seen as much as 60% in price cuts since the crypto crash. Although this may spook cryptocurrency investors, the best strategy remains to hold onto your solid projects. The bear market also provides investors with the opportunity to remove bad projects from their portfolio and replace them with good projects at a discount. Although there is potential upside when purchasing projects at a discount, there are also dangers. Ensure you conduct proper research before investing into any projects during the bear market.
Three cryptocurrency projects you should be watching this crypto crash are: Near Protocol (NEAR), Aave (AAVE), and Persystic Token (PSYS). These three projects have shown early signs that they will outperform the bear market. Before any capital is deployed, here is a brief look at these three projects.
Near Protocol (NEAR)
Near Protocol (NEAR) is a layer 1 blockchain that solves the problems that affect Layer 1 blockchains that were designed prior to its creation. The project solves low throughput, poor interoperability, and slow transaction speeds to create a dependable blockchain. Near Protocol allows developers to build and develop dApps and it has a developer friendly ecosystem for builders. In addition, Near Protocol uses human readable addresses unlike other blockchains that use cryptographic wallet addresses.
NEAR protocol improves its throughput through the implementation of a variant of sharding called Nightshade. This significantly improves its processing speed and allows users to perform transactions faster. This makes the Near Protocol among the fastest blockchains in crypto. The protocol has an advantage over other layer 1 blockchains as it does not get congested regardless of activity. Near Protocol improves the speed of transactions without compromising the integrity of its blockchain.
Aave (AAVE)
Aave (AAVE) is a borrowing and lending protocol built on the Ethereum blockchain. The decentralized exchange allows users to borrow and lend crypto tokens using its AMM. It originally launched as ETHLend in 2017 but changed its name to Aave in 2018. Aave lenders deposit their crypto into liquidity pools to become Liquidity Providers (LPs). LPs get a share of the lending fees for their contribution. Borrowers, on the other hand, use their crypto as collateral plus transaction fees to take out leveraged loans. The share of the fees lenders receive is proportional to how much liquidity they contribute to the pool.
AAVE is the governance token of the Aave protocol. Token holders reserve the right to vote on proposals and propose changes to the protocol. In addition, borrowers who hold AAVE tokens pay reduced fees when they use the protocol to borrow. Aave has changed the way crypto users source for capital. It has decentralized the process and made it easier for users to access capital.
Persystic Token (PSYS)
Persystic Token (PSYS) is a social blockchain project that aims to solve the problems of social media. The project is built on the Binance Smart Chain (BSC) and its PSYS token is BEP-20 compatible. Persystic Token aims to solve some of the traditional social media issues such as poor monetization, security, government censorship, and fake content.Furthermore, Persystic Token will allow creators to take ownership of their work and have total control over it. In addition, they can decide to store or delete their content from Persystic at any time.
The project would also enable peer-to-peer sharing of content using decentralized nodes. The PSYS token can be used to purchase content, tip creators, and perform other transactions within the protocol. The Binance Smart Chain will give transactions on Persystic the required speed and security while also boasting the utility of the Ethereum Virtual Machine.
Persystic Token (PSYS)
Presale: http://join.persystic.io/
Website: http://persystic.io/
Telegram: https://t.me/PersysticTokenOfficial
Twitter: https://twitter.com/PersysticToken
