The crypto crash of 2022 is a cautionary tale of how the world of cryptocurrency works. Only a few months ago, records were tumbling left, right and center while experts made bullish predictions.
However, the highs of November 2021 seem like a lifetime ago; summer 2022 is a different story altogether. The market witnessed an extraordinary depreciation: Bitcoin (BTC) fell by roughly 40,000 dollars, and the capitalization of cryptocurrencies waned by more than two trillion dollars!
Where does the industry go from here? Peruse the internet, and you will find dozens of articles about how to rectify the situation. However, no one can claim to know the solution, much like how no one would have estimated that losses would be more than two trillion. We can carry out a thorough assessment by looking into specific tokens.
Litecoin (LTC)
A well-established player in the cryptocurrency market, Litecoin (LTC) ranks at number 21 with a token price of 63.6 and a market cap of 5.3 billion dollars; both values have risen 6.6% in the last twenty-four hours. In the same period, the volume of LTC tokens traded is 776 million, a rise of 31.6%. The crypto crash may be rampant but hasn’t negatively impacted Litecoin.
LTC was one of the first cryptocurrencies designed to capitalize on the success of Bitcoin in 2011. An open-source client was launched on GitHub before Litecoin Network went live a few days later.
The main motive for creating Litecoin was to give early cryptocurrency users a seamless, secure, and cost-effective platform powered by blockchain technology. LTC was developed using the Bitcoin protocol, but it differs in terms of its hashing algorithm, block transaction times, and hard cap.
Litecoin (LTC) boasts a block time of just two and a half minutes, combined with low transaction fees, making it a viable solution for micro-transactions and point-of-sale payments. Fortunately, there has been excess demand for both services, which is why Litecoin is widely accepted among merchants and regarded as one of the foremost cryptocurrencies on the market. The token was named “Litecoin” because its creator wanted to provide users with a “lite version of Bitcoin” with many of the same attributes as the original cryptocurrency.
Quilvius (QVUI)
An emerging token, Quilvius (QVUI) is billed as the “first winning culture project of the metaverse.” Profit generation is not the main reason for Quilvius’ existence; enhancing cultural services is.
The objective of the QVUI platform is not to make profits but to support its users to generate income. On Quilvius, each token holder forms a community that can profit from creativity, knowledge, engagement, sharing, writing, and more.
Furthermore, authors who sign up can sell their work on the platform. Whether they’ve written books or articles, QVUI is a tool for creating a stream of passive income. As long as users are purchasing, reading, or conversing about their content on the Quilvius Dais, the author will continue to turn a profit.
Quilvius (QVUI) allows users to read a book at a marginal cost, which is a fraction of the cost they would have to incur otherwis. With QVUI, they do not need to seek pirated copies of their favorite books. Another advantage of using QVUI is the platform will eliminate the elitism that governs culture and knowledge. Information will be readily available for users and be accessible at a low cost.
Conclusion
At the time of writing, there are precisely twenty thousand, three hundred and eighty-seven tokens on the market. The total has increased, despite the ongoing crypto crash, which means that there is still demand among users for new cryptocurrencies. Quilvius offers a new solution for users, which gives it a competitive edge and should allow it to prevail when released.
The best course of action would be to invest in Quilvius (QVUI) tokens in stage 1 of the presale since that will give users a 10% bonus. The bonus halves in stage 2, and stage 3 only has a 3% bonus. In addition, if your friend refers to you and you invest two hundred dollars, you and your friend will receive fifty dollars each.
Visit Website: https://quilvius.com/
