Polygon, Avalanche, And GryffinDAO: Three Cryptocurrency Projects Set To Survive This Bear Market

The current bear market is not limited to the cryptocurrency markets, as price shocks can be felt in other global markets. These price shocks are a result of macroeconomic trends that are affecting all markets. Investors are best served when they position their portfolios to make the most from the bear market. Cryptocurrency investors can decide to preserve their capital and wait for the market to turn or buy small cap gems while prices are low.

Either investment approach is fine, depending on the investor’s hopes. Conservative investors would move to protect their capital, while aggressive and deal-seeking investors would purchase viable cryptocurrency projects. Additionally, one can determine the viability of these projects through thorough research of fundamentals, tokenomics, and use cases.

As the bear market continues to affect the markets, investors search for the next crypto gem waiting to be discovered. Polygon (MATIC), Avalanche (AVAX), and GryffinDAO (GDAO) are three projects poised to survive the bear market. Additionally, the projects tick all the right boxes and provide value for users. For investors looking for more details on these projects, here is a summary of these three projects.

Polygon (MATIC)

Polygon (MATIC) is a well-structured scalable solution for the Ethereum (ETH) blockchain. The Polygon network provides scaling and infrastructure development for Ethereum (ETH). The project created the Polygon SDK: a modular and flexible framework to help developers build different types of applications on Ethereum. For example, the Polygon network can create zero-knowledge (ZK) and optimistic roll-up chains. Thus, Polygon transforms the Ethereum blockchain into a multi-chain network.

MATIC is the governance and transaction token of the Polygon network. On the one hand, it gives users the right to vote on proposed changes to the network. On the other hand, it will facilitate transactions like purchasing NFTs on Polygon. The Polygon network is an example of innovation that can expand the capabilities of the crypto space.

Avalanche (AVAX)

Avalanche (AVAX) is a low-fee, environmentally friendly, and fast blockchain. The network is designed to deploy smart contracts and is the fastest smart contracts blockchain (time to finality). The Avalanche mainnet launched in September of 2020 and currently has more than 450 projects on its blockchain. Additionally, it has a large user base of developers and users actively involved in building and using projects on the platform. It helps developers deploy smart contracts and dApps quicker and more seamlessly. Furthermore, its speed helps developers create projects that perform better than those built on other blockchains.

AVAX is the utility token of the Avalanche network, and it performs various functions within the Avalanche network. Token holders can stake, secure the network, pay fees, and connect multiple subnets within the blockchain. The AVAX token supply is hard capped to maintain the token price and keep the token deflationary. Finally, the Avalanche blockchain creates an ecosystem where developers can build smart contract projects.

GryffinDAO (GDAO)

GryffinDAO (GDAO) is a DEX that wants to bring stability to crypto using its DAO. The GryffinDAO project would employ cutting-edge technology to create solutions that would take full advantage of the benefit of its members fully. The GryffinDAO is built on the Binance Smart Chain (BSC). Its GDAO token uses the BEP-20 token standard and is the governance token of the network. Additionally, GryffinDAO is compatible with the Ethereum virtual machine (EVM), making it attractive to crypto developers.

The project would reduce fees, increase throughput and create a decentralized system for open and accessible transactions on-chain. GryffinDAO would also use byzantine fault tolerance to secure blockchain transactions and develop DeFi innovations.

Join the ongoing token pre-sale to get some bonuses when you purchase GDAO. If you buy GDAO in the first stage of the Pre-sale, you receive an 8% bonus; in the second stage, you receive a 6% bonus; in the third stage, you receive a 4% bonus; and in the final stage, you receive a 3% bonus. Be sure to check this project out but always remember to do your own research.

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.


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