There are thousands of cryptocurrencies operating across the world. The adoption rate of these digital assets increases daily, thanks to the multitude of advantages blockchain technology offers.
The cryptocurrency market did not meet expectations in 2022 compared to the previous year. The upright stance of the Federal Reserve (FED), rapidly increasing inflation, alongside a high sales outlook were more than a little influential in this.
Despite this, innovative projects continue to be showcased. One such promising cryptocurrency platform is Supontis (PON) by the leading figures of the blockchain and cryptocurrency market. The project started with the desire to create an ecosystem in which all users and active token holders feel essential and contribute to the platform’s infrastructure, outlook and future.
Uniting Equally – Supontis (PON)
Users can also stake transactions on the Supontis (PON) platform. The staking system used here is made possible by the Proof-of-Stake (PoS) consensus mechanism. Staking transactions are shown as a way to support the integrity of the network while providing an extra earning opportunity for users.
Supontis (PON) is a community-oriented DAO and does not have a centralized structure like other cryptocurrency projects regarding management decisions. Instead, a democratic and transparent structure is adopted. Operational decisions and future proposals to be made within the platform need to be submitted and accepted by network users. All members involved in the project can participate in the voting processes by owning the Supontis (PON) token.
The Wisdom of Profit – Solana (SOL)
The project’s fuel, SOL, can be used for staking, transferring assets, and executing smart contracts within the ecosystem. At the same time, ecosystem users also need Solana (SOL) tokens to benefit from events. The SOL token, which is used for the security of the Solana network, has a high transaction volume due to its wide usage area.
Increasing its value 13 times to its impressive peak, Solana (SOL) has a supply of 500 million. At the time of writing, 350 million is in circulation, transactions of 1 billion dollars are traded daily. Currently trading at just over $30, the project ranks 9th among the strongest cryptocurrencies in the market ranking. No small feat.
Digging the Roots of Recent Crash – Avalanche (AVAX)
Avalanche (AVAX), which gained recognition with its 20-fold increase in 2021, was launched in 2020. The project, which was developed as a concept after the 2017 crypto crash, is a crypto that aims to eliminate the technical aspects that caused this collapse. The project aims to operate cryptocurrencies on a single network with high scalability.
AVAX, uses a very new technology, sits among the projects that have fallen foul of this decline. The Avalanche (AVAX) project, which has a comprehensive ecosystem, offers different income models to its users, and upholds protocols to protect its current value, was one of the projects that declined the steepest in 2022. In addition to the bear market, there were other reasons affecting Avalanche (AVAX) in this decline. The most obvious of these reasons is the Terra (LUNA) event.
Although the Terra (LUNA) crash was a significant setback for the crypto market, Supontis (PON) is still an excellent investment opportunity.
The Solana (SOL) and Avalanche (AVAX) projects are also worth considering, as they could help to create a new ecosystem after the Terra (LUNA) crash.
Enter Presale: http://supontis.com/