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Best 5 Crypto Tokens to Invest in The Bear Market [2022]

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Ever since the year 2022 got underway, Algorand (ALGO) has been considered one of the crypto assets that are valuable enough to purchase and invest in. One more cryptocurrency that is doing well enough to pique the curiosity of investors following the crypto market crisis is Basic Attention Token (BAT). The most recent crypto project, Guffawli Token (GUFFAWLI), aims to outperform all other cryptocurrencies. In comparison to other decentralized exchanges, it has some unique features.

These are only a few of the various cryptocurrencies now available; it might be challenging to discern which ones are worth investing in. However, you may make smart investment choices if you purchase these three tokens. Read on to learn more about these cryptocurrencies and what makes them good investments.

Algorand (ALGO)

Algorand (ALGO) has successfully provided investors with a high rate of return on their investments. The crypto market crash barely shifted its position. Due to its unique ecosystem, Algorand (ALGO) is expected to see a meteoric spike in value, as has been forecasted by cryptocurrency experts.

Algorand prioritizes speedy transactions and finality through a two-tiered structure and a novel Proof-of-Stake (PoS) consensus mechanism as an open-source blockchain network. As opposed to rewarding only those who create blocks, with Algorand, all ALGO coin holders are eligible to receive block rewards.

Algorand uses a subset of Proof of Stake called Pure Proof of Stake (PPoS). Participating in PPoS, a highly decentralized PoS consensus technique, and contributing to network security requires only one ALGO token. Conversely, the minimum stake on Ethereum 2.0 is 32 Ethereum (ETH), a far more significant barrier to entry. On the other hand, a low minimum staking requirement may be detrimental to the network’s security because participants may not behave responsibly if they have a small amount of money at stake in the network.

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Basic Attention Token (BAT)

Brendan Eich, a co-founder of Mozilla and Firefox, developed the Basic Attention Token (BAT) to use blockchain technology to make digital advertising more open, efficient, and trustworthy. BAT’s white paper was published on February 10, 2021. While the Brave browser is available for download, the project is still in its early stages as of 2022. At present, BAT is running on the Ethereum blockchain. It was included in the Brave web browser to improve communication between users, advertisers, and publishers. BAT attracts consumers, marketers, and publishers for several fascinating reasons.

The Basic Attention Token (BAT) is a blockchain-based system that tracks users’ engagement with media content when they browse the web using the Brave browser. The platform is built on Ethereum and promises to streamline the flow of advertising revenue among publishers, advertisers, and consumers in the digital marketing ecosystem. The idea is to have the reader experience fewer ads more relevant to their interests without violating their right to privacy.

Guffawli Token (GUFFAWLI)

The Guffawli token (GUFFAWLI) has a roadmap in its whitepaper that details its long-and short-term objectives, geared toward creating the Guffawli ecosystem and the eventual implementation of the token in the real world.

The Guffawli token (GUFFAWLI) was developed on the Binance Smart Chain, a major cryptocurrency exchange platform (BSC). Token development took place on this blockchain due to its superior transaction speeds, lower transaction fees, and developers’ ease of transition from Ethereum to the Binance Smart Chain (BSC).

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Additionally, the token’s introduction of the notion of automated liquidity is meant to address issues connected to liquidity pools. For Automated Liquidity to work, smart contracts must govern the transaction when liquidity providers deposit Guffawli Tokens into the pool in exchange for rewards. Since the cryptocurrency market is becoming more stable and can now accommodate substantial volumes of trading activity, this growth in the token’s automated liquidity can be linked to this phenomenon.

To learn more about this new crypto project, see the links below:

Presale: http://smile.guffawli.io/

Website: http://guffawli.io/

Telegram: https://t.me/GuffawliTokenOfficial

Basic Attention Token [BAT] awaits for the next leg up

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Basic Attention Token [BAT] has been gaining significant traction in the price activity even as the broader crypto market remained stuck in a consolidation phase. Several large-cap cryptocurrencies were trading in red.

As observed by the crypto analytic platform, Santiment, the Ethereum-based token surged by more than 58% on Saturday on the price front. This coincided with massive accumulation among the large BAT token holders. As the coins move to cold wallets, the amount of tokens held in exchange wallets are on a decline. This essentially indicated that the market players are bullish on BAT’s future price action. Providing further insights, the on-chain analytic platform noted,

Basic Attention Token jumped +59% Saturday, and one of the foreshadowing signals has been the rise of coins moving into the top 10 largest BAT non-exchange addresses, and away from the top exchange addresses. This key ratio often signals bullishness.

BAT, the token that drives the Brave Software’s decentralized online marketing platform, has been rapidly growing. This can be associated with the successful use cases of the Brave ads and its web browser. The most unique feature of the token along with the Brave browser is the reward distribution system where a user can directly claim their gifts after immediately registering their details to the platform. Basic Attention Token currently ranks at the 76th position in terms of market capitalization with a valuation of $1.59 billion.

Basic Attention Token [BAT] price outlook

BAT has registered weekly gains of more than 53.10%. At press time, it was exchanging at $1.08 following a rise of 30.32% over the past day. The asset recorded a 24-hour trading volume of $3.80 billion. With increasing volume, the daily technicals look fairly optimistic.

The Awesome Oscillator exhibited strong strong bullish momentum. A similar trend was captured by the MACD as well. The indicator continued to climb higher as the week progressed indicating bullish dominance in the BAT market. The Relative Strength Index [RSI] bounced from the overbought zone but continued to hover well above 60-line demonstrating buyers are in command. The above chart depicted that Basic Attention Token has more upside potential as it went on an extended rally despite overall market lull.

On the development side, Brave had recently rolled out Brave Search beta built into its browser. This new offering aimed to bring the first independent privacy search browser alternative to big tech. The platform had revealed that Brave Search will offer free, ad-supported search in the coming days in addition to a paid option without ads and will incorporate its native crypto-asset Basic Attention Token [BAT].

Crypto-friendly Brave Web Browser Launches Encrypted Video Calls

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On May 26, crypto-friendly BraveB web browser announced private and unlimited video calls can now be made from the browser. The privacy browser shared through its Twitter page that video conferencing is now possible through the Brave Nightly, the testing version of Brave browser.

The new video conferencing product dubbed Brave Together enables end-to-end encryption for video calls, however, it’s still in the testing phase since some of the features are yet to be completed. For instance, the product only enables encryption for one-on-one video calls currently.

Crypto-friendly Brave web browser taps into the growing demand for video conferencing

Moreover, this product by Brave comes amid a spike in the demand of video conferencing software due to the coronavirus pandemic. In particular, Zoom has seen a massive rise in usage in the last few months.

Nevertheless, Zoom has been scrutinized due to security and privacy, with ‘Zoombombings’ coming out as a rife experience during the lockdown. Back in April, Elon Musk’s SpaceX barred all of its employees from using Zoom due to security and privacy concerns.Nevertheless, Zoom is also set to launch end to end encryption soon to protect the privacy of its 300 million customer base.

Brave browser usage grows

Brave Together is based on the open-source encrypted video software Jitsi. The software was highly upheld by NSA informant Edward Snowden back in 2017. Moreover, its not necessary to create an account to use the video conferencing product, however, the user should use the Brave browser.

The crypto-friendly Brave web browser rewards its users with Basic Attention Tokens (BAT) for viewing advertisements. In fact, the Brave browser has made regular gains in adoption over the last few months. According to the company’s head of marketing Des Martin, the crypto-friendly Brave web browser surpassed one million users during March alone.

However, despite the large user base, only a small percentage of the users take advantage of the browser’s privacy features as per the firm’s CEO.

Top Five Cryptocurrencies to Watch in 2020

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Digital currencies could be due to huge gains in 2020. Well, it’s another year and there’s a lot to be offered by the cryptocurrency community. Bitcoin began the year in a really good shape convincing bulls that it’s time for business.

At the end of February, however, Bitcoin quickly collapsed, taking the rest of the cryptocurrency market with it. Despite the recent red market, a number of exciting projects and innovations are underway to watch out for. Having said that, let’s look at the top digital currencies to be on the watch list in 2020.

1. ChainLINK (LINK)

Back in 2019, LINK was the best performing digital currency and started the new year with the same momentum. Recently, ChainLink’s native token, LINK has seen staggering price movements. At the beginning of 2020, LINK is among the massive gainers of the bullish action At some point this year, its price has increased by more than 187 percent. In fact, LINK seems to be going against the price movement of Bitcoin. While BTC is down, LINK seems to have made key market gains.

Nevertheless, LINK’s price action is not the only interesting thing to keep an eye on; ChainLINK does some impressive business deals. In addition to partnering with giant search engine Google, ChainLINK has been busy forming more and more collaborations.

LINK has been building a buzz on the crypto platform, but the mainstream press still has so much to do. The price seems undervalued, making it crypto to watch this year.

2. Enjin Coin (ENJ)

The self-proclaimed gold standard for cryptocurrencies, Enjin coin (ENJ), has been gaining a lot of popularity among gamers. Enjin recently launched its mainnet on the Ethereum blockchain. It allows almost anyone to create games with items that live on a blockchain network.

After its launch, the token’s price had a massive rally reaching a record high. Nevertheless, it was subjected to the ongoing crypto reds market that revealed its correlation with other popular cryptocurrencies such as BTC and ETH.

The ecosystem of Enjin Coin consists of the Enjin platform, Explorer, Wallet, Beam, and other tools and services. This blockchain-based product ecosystem enables game developers and studios to use digitally tokenized blockchain assets as part of their strategies for acquisition, retention, interaction and monetization.

Its new product, which enables developers to create their own games and other in-game items driven by ENJ tokens. Currently, after a massive drop of 56% ENJ’s price $0.09 which seems very undervalued considering the ambitions of the project. It’s worth keeping tabs on.

3. Digitex (DGTX)

DGTX is a native token of the Digitex Futures Exchange. This startup aims to revolutionize the futures trading market for digital currencies by removing the commission liability from any trade. Scraping the fees will allow scalpers to make money and take advantage of the market’s tiniest price fluctuations. This is not possible at the moment, given the high fees charged by other exchanges.

In addition, the Digitex futures exchange has a user interface with a one-click trading ladder. This GUI helps the traders to remain in the price zone and position their orders with just a click of a mouse without using the keyboard.

The crypto startup will make it compulsory for traders to use DGTX tokens for all trades, hence enabling it to eliminate commission from all trades. In addition, this will also create a demand for the DGTX tokens among traders who want to enjoy commission-less trading and liquidity in the markets. Although that amount represents a 220% return rate for the initial ICO investors, DGTX enthusiasts are confident that it will reach its all-time high of 16 cents once it has been integrated for trading. 

The exchange is currently in beta version and the mainnet is expected to be rolled out by 27th April, stirring a bullish movement of DGTX price action regardless of how BTC is doing. Watch out for this one.

4. Tezos (XTZ)

Tezos (XTZ) is a blockchain network linked to a digital token, known as tez or tezzie. Token holders get a reward for engaging in the consensus mechanism of proof-of-stake.

Tezos is one of those cryptocurrencies which tends to increase in value when Bitcoin is down. Additionally, this year’s XTZ token price action was among the most active so far, experiencing huge gains and corrections.  Tezos blockchain has a huge global baker culture alongside a committed developer team.

Furthermore, both Coinbase and Kraken have recently listed XTZ for staking which resulted in a massive uplift to tezos.  With the current momentum of the token and the downward trend of BTC, this year’s XTZ is an interesting prospect.

5. Basic Attention Token (BAT)

Basic Attention Token is an Ethereum-based token created alongside Brave Browser home platform. This token was founded by Brendan Eich, co-founder of Mozilla and Firefox, who also created JavaScript.

Through Brave BAT will be used to pay content creators and advertisers via tips from loyal fans, and users will also receive BAT for viewing advertising. Basic Attention Token (BAT) aims to completely revamp the efficiency of digital advertising using its token, which can be transferred between advertisers, users, and publishers.

 

These 3 crypto currencies would rise even if Bitcoin bites the dust

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Recently Bitcoin has been showing some signs of weakness. This is excellent news for many other brands of crypto tokens. These competing tokens have been severely beaten this year as Bitcoin – dominant cryptocurrency – fiercely ventured forward, leaving no land unconquered.

This may be an opportunity for the smaller crypto brands in the arena to bloom. This could even be a chance for a few them to try and move to a pole position.

Basic Attention Token, Verge, and VeChain are three cryptocurrencies that we have identified as potential candidates that are very cheap to buy right now. These can be considered as the hidden gems of the crypto market right now. Their signals indicate that they are an excellent choice for future pole position holders, but please bear in mind that this is not investment advice and this report is only intended for informational purposes.

Basic Attention Token – Bottom Signal Flashed  (BAT/BTC)

Basic Attention Token is a reliable, low-cost candidate. Aside from the climb to 0.000094 BTC on 21 April, it has traded in a well-defined range. From December 2017, this crypto has moved between range support of 0.000023 BTC and a range resistance of 0.000056 BTC. The midpoint is at about 0.0000395 BTC.

We believe that this could be a reasonably easy trade because the cryptocurrency respects our range support of 0.000023 BTC. Additionally, it flashes bullish divergence and some oversold signals. If you opt to invest long term, buy as close to 0.000023 BTC as you can. Our targets would be 0.0000395 BTC and 0.000056 BTC.

Verge – Trades at Historic Lows (XVG/BTC)

Verge’s great crypto hardship could be coming to its end. We forecast this as the market seems to have completed its cycle. On 23 December 2017 0.00002 BTC was posted – this was an all-time high. Then on 16 July 2019, the token plunged to 0.00000053 BTC. That translates to a fall of 97.4% over 19 months.

Mostly, Verge has relinquished all of its gains from 2017. The expectation is that it could bottom out here or, worst case, cease to exist entirely.

Fortuitously, technical indicators show that the Verge could survive and commence a new market cycle. To date, bulls confirm thoughts at 0.0000005 BTC. Additionally, the daily RSI shows a long bullish divergence. As you know, these signals are those of a market entering the accumulation phase.

If you want to buy, purchase as close as you can to 0.0000005 BTC. Targets are at 0.000001 BTC and 0.0000015 BTC.

VeChain – Multiple Reversal Signals Seen (VET/BTC)

VeChain is displaying powerful reversal signals. Reviewing its daily chart, it has been noted that this cryptocurrency is trading at close to the bottom of a continually falling trend.

More prominently, it shows signs that it is ready to remove any diagonal resistance of the slope. Also, technical indicators are favoring the divergence. Looking at the daily RSI, we have noted a long bullish divergence. This indicates that momentum has been gathering for some time. VeChain could ignite in a big way very soon.

On 25 June the capitulation volume was the largest that has printed. Again, another reliable indicator that tells us that the dip has already been and gone. To validate our findings, VeChain needs to reclaim 0.0000006 BTC and transform it into robust support. Should that happens, bulls divergence will easily hit 0.000001 BTC.

Conclusion

There are many cryptocurrencies to choose from, and we have found three that are signaling good times ahead.  We recommend that you use this report to understand how to read the market signals and make your own crypto investment decisions on cryptocurrency, at a time when Bitcoin is starting to flag.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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