the market cryptocurrencies are currently experiencing another crash, with token prices trading lower on increased pressure from the broader economy and fears that the Federal Reserve may raise interest rates again.
Many investors wonder whether most strong currencies capitalization are not going to once again experience their lowest levels in several months. However, the best investors are now consolidating their holdings and looking for currencies that could be conducive to future gains.
This article examines several cryptocurrencies poised to bounce back from this latest one. crash.
1. Battle Infinity (IBAT)
IBAT is the best option among currencies ready to bounce back from this latest crash. The asset is the native token of Battle Infinity, the fantasy sports game that combines blockchain technology with non-fungible tokens (NFTs) and the metaverse.
With its Premier League IBAT, players can form teams from NFT representing real athletes. The team with the most points at the end of the season is declared the champion.
The token IBAT of Battle Infinity is impressive, especially for sports fans. Investors can also buy Battle Infinity, as its developers incorporate staking this week. Therefore, the asset should be a good investment for possible passive income.
IBAT is currently trading at $0.0029. The price of the currency fell 25.64% in the past week.
2. Tamadoge (TAMA)
TAMA could be an interesting asset as the market looks to rally. Tamadoge describes himself as a “Dogecoin to win” which combines the appeal of blockchain games with the sporadic winnings of meme currencies.
Tamadoge lets players buy digital pets NFT. They can groom and fight these animals, and earn rewards for their victories.
Last week, Tamadoge completed its pre-sale, raising $19 million in less than eight weeks despite declining market conditions. The developers will now focus on the listing of the token TAMA on centralized exchanges so holders can claim it.
Simultaneously, the complete platform of tamadoge should be available before the end of the year. Investors can therefore buy Tamadoge tokens now for future gains.
3. Lucky Block (LBLOCK)
LBLOCK is the ecosystem token of Lucky Block, an NFT contest and rewards platform.
Investors can buy Lucky Block to access the platform’s gaming ecosystem, the developers of the platform offering prize pools and contests to attract customers.
LBLOCK V2, available on scholarships centralized, is currently trading at $0.00054. The coin’s value has fallen by 28.9% over the past week.
LBLOCK remains an intriguing asset, however. The developers of the asset have recently added a mechanism for combustionwhich sees 1% of its total traffic erased each month.
This should improve the tokenomic of the asset and the relative scarcity should help boost its price.
4. Ethereum (ETH)
The Ethereum blockchain, which appeals to developers and investors, is powered by ETH. The asset is a great choice on our list of coins ready to bounce back from this latest crash.
L’ETH is currently trading at $1,323, down 27.2% from the previous week.
Despite the market downgrade, many investors continue to line up to buy Ethereum. The asset is a currency with a large capitalization and, due to its position in the market, it should be one of the first cryptocurrencies to register gains when the market turns bullish.
The Ethereum merger, which completed the transition from the blockchain to the Proof-of-Stake (PoS) consensus mechanism, has also attracted investor interest.
This transition should be a major catalyst for ETH price growth once the market recovers by introducing a deflationary model for ETH and making the blockchain Ethereum more functional.
5. Cardano (ADA)
ADA, the native blockchain token Cardanocompletes the list of cryptocurrencies poised to bounce back from this latest crash.
Other blockchain protocols have long eclipsed ADA and Cardano, but Cardano developers are committed to making the platform more developer-friendly.
Vasil is a fork of the blockchain which should improve transaction speed and reduce the cost of ADA-based transfers.
VasiIt will be implemented this week after months of delay. Like the Ethereum merger, it could stimulate the price increase of ADA.
ADA is currently trading at $0.4419, down 15.38% over the past week.
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5 cryptocurrencies ready to bounce back from this recent crash
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