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New Delhi [India], July 9 (ANI/ATK): A bear market is underway and many cryptocurrency projects are down as much as 80 percent. This is not unique to cryptocurrencies and other markets such as stocks and bonds are also struggling. A bear market provides buyers with an opportunity to pick up projects at a discounted price.
Additionally, traders can take advantage of these bear market conditions to properly evaluate their portfolio to determine what should be exited. Many projects may never reach their previous price points because they are not built on solid foundations and are only fueled by hype. On the other hand, there are good projects that are trading at a discount for traders willing to buy the dip.
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Traders should always be on the lookout for hidden gems that may not be as obvious to the market as this is where the best returns come from. The three cryptocurrency tokens one should watch in this bear market are Kava (KAVA), Kadena (KDA) and RoboApe (RBA). To learn more about these projects, here’s a quick breakdown of the three tokens.
Kava (KAVA) Kava (KAVA) is a high-speed, first-layer blockchain with the interoperability of Cosmos and the Ethereum developer ecosystem. The project uses a developer-optimized co-chain architecture. The Kava network is able to run EVM smart contracts using the Ethereum co-chain, while its super-fast consensus mechanism for tender coins is powered by its Cosmos c0-chain and IBC (Inter Blockchain Communication Protocol). In addition, it uses a translation module to allow the two joint circuits to function without interfering with each other.
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The Kava network successfully merges two different blockchains to work seamlessly as one. The KAVA token acts as a utility and network governance token. In addition, holders can stake KAVA to earn up to 37 percent of all KAVA emissions as a reward for securing the network. Bettors also have voting rights, allowing them to decide the future of the Kava platform.
Kadena (KDA) Kadena (KDA) is a PoW (Proof of Work) blockchain that combines the consensus mechanism of Bitcoin (BTC) with the principles of DAG (Directed Acyclic Graph). This allows Kadena to offer a scalable version of Bitcoin (BTC). The project claims to provide Bitcoin security with better performance. It uses a multi-chain approach to drive mass adoption and accommodate as many blockchains as possible. With its industrial scalability, Kadena will support global financial systems and energy payments worldwide.
Currently, the project has grown its network to 20 blockchains and hopes to increase this number over time. With the addition of Kadena private Kuro blockchains layer 2, this throughput supports 8000 transactions per second across its 500 network nodes. Kadena is poised to create tremendous value for traders once the bear market sentiment subsides.
RoboApe (RBA) RoboApe (RBA) is a community token project that aims to educate and inform new crypto participants. Using its RBA token, it will fund and host charity games for various causes that will be supported by its DAO community. It will also fund and invest in the training of crypto beginners through the RoboApe Academy. It will also organize and host charity events and games where proceeds will be donated to selected charities.
RoboApe will also create merchandise to create a sense of belonging to its community. The RBA token will be the transaction token of this project and its holders will be able to exchange, buy and sell the token. DEFI transactions will be powered by RoboApe funding, where users will be able to take full advantage of the RoboApe Token (RBA). Join the presale today by visiting the official links below.
Presale: https://ape.roboape.io/register
Website: roboape.io
Instagram: https://www.instagram.com/roboape.token
Telegram: https://t.me/ROBOAPE_OFFICIAL
Read more: Ultimate Guide to RoboApe – A New Cryptocurrency Aiming for a Financial Future
This story was provided by ATK. ANI will not be held responsible in any way for the content of this article. (ANI/ATK)
(This is an unedited and auto-generated story from a Syndicated News Channel, LatestLY staff may not have modified or edited the body of the content)
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