Since the Luna crash, the crypto market has been in a downward spiral. The current bear market has seen cryptocurrency projects experience a steep decline in prices. As much as 80% of price value has been wiped off some projects while others have suffered medium to mild capitulations. Many investors wonder how long the bear market would last, but this is impossible to pinpoint. The cryptocurrency bear market offers investors an opportunity to purchase projects at a discount. The price dips also affect many solid projects with solid fundamentals and use cases. Their prices are set to rebound when the bear market ends. Investors are advised to err on the side of caution when picking projects in the bear market to avoid purchasing vapourware or destructive projects.
The three projects that will survive the bear market are: NEAR Protocol (NEAR), Celo (CELO), and Dogeliens (DOGET). What problems do these projects solve?
NEAR Protocol (NEAR) – The Leading Platform
NEAR Protocol (NEAR) is a layer 1 blockchain that was designed to solve the problems that affect other Layer 1 blockchains. NEAR Protocol aims to build a safe and secure blockchain that can manage high-value assets and be accessible to everyday users. The project tackles low throughput, poor interoperability, and slow transaction speeds. It allows for the creation of dApps, and it has a developer-friendly ecosystem for builders. Unlike layer 1 blockchains that use cryptographic wallet addresses, NEAR Protocol uses human-readable addresses, a variant of sharding called Nightshade, to significantly improve its throughput. This makes the NEAR Protocol among the fastest blockchains in crypto. Therefore, it gives the protocol an advantage over other layer 1 blockchains and prevents the NEAR from getting congested. NEAR Protocol will change how transactions are performed on the blockchain by improving speed and security.
Celo (CELO) – The Popular Crypto
Celo (CELO) is a blockchain designed for use by smartphones. The project is an open and decentralized network that uses the mobile numbers of its users as their public keys. Celo aims to lower the barriers to entry for many smartphone users by introducing them to crypto through mobile. The Celo network supports the creation of dApps and DEFI applications on its blockchain. It hopes this would improve the inclusion of new users into the crypto space. The Celo mainnet was launched in 2020, and the project has continued to expand its operations since then.
The CELO token is the utility and governance token of the blockchain. It allows users to pay for transactions and network fees, and participate in the decision-making process of the platform. Celo decided to target the untapped smartphone market, and this decision would prove to make it a winner, especially in this bear market. The smartphone market is filled with potential crypto users, and lowering the barrier to entry would see many cross over.
Introducing Dogeliens (DOGET)
Dogeliens (DOGET) aims to build a solid crypto community behind its token. The dog-themed community token which would incorporate DEFI, NFTs, and marketplaces to create a fully wholesome experience for its users. Dogeliens is built on the Binance Smart Chain (BSC), and its DOGET token uses the BEP-20 token standards. In addition, Dogeliens is committed to improving the crypto education of users around the world through its Dogeliens academy.
With the recent popularity of social tokens, it is easy to see why Dogeliens is sure to survive the bear market. Community members can buy, sell, and trade the DOGET token on PancakeSwap (CAKE). Users should also be aware that DOGET serves as the utility token, and trading this token means they no longer have a right to vote on the future of the Dogeliens project.
