The cryptocurrency market has experienced an exponential expansion in recent years. As a result, there are now new economic prospects and rules. Numerous projects have been developed to address the different issues that the conventional financial system faces. For many altcoins, the present bear market has been crucial. Despite the downward trends experienced by Tron (TRX) and Polkadot (DOT), initiatives like Degrain (DGRN) appear to have a significant amount of potential.
Polkadot (DOT) sees investors buy in Degrain presale
Over the past 24 hours, Polkadot's chart has seen a 4 percent increase. DOT maintained a positive outlook throughout the past week, with a 7% gain in its value. Bulls are currently being held in place by the price momentum. The bulls have recovered strength after overcoming the $8 tight resistance.
The technical forecast also predicted a favorable price movement for DOT. The altcoin's buying power has also increased, which has led to price growth. Polkadot could easily break over its next barrier level if market demand is steady. At the time of writing, the price of DOT was $8.15. The altcoin has succeeded in breaking over its difficult $8 resistance level.
Tron (TRX) won’t see any real rises until mid 2023
Tron (TRX) has outperformed its previous performance and has increased by 15% during the last five days. At 0.000002895 BTC, the TRX/BTC pair shows a rise of 0.28 percent.
The daily price data shows that the cryptocurrency is now moving through an upward wave. The price was affected by an evident power struggle between the bulls and the bears, but neither side could achieve a gripping market control.
Currently trading at $0.071, the TRX currency has had a market cap gain of 3.46 percent. The coin displays a trading volume of 557 million, indicating a loss of 22.18 percent over the last day. The altcoin now has a 6.5 billion market cap overall.
Degrain (DGRN) likely to be the best investment of the year
Among the most popular cryptocurrencies this year is Degrain (DGRN). Why? The fact that even the formidable OpenSea has fallen short of the Degrain (DGRN) platform's ambition to establish itself as the first cross-chain NFT marketplace
By offering users lower transaction costs, adequate security, and complete decentralization, Degrain (DGRN) is compensating its early investors. After the first phase of the presale sold out two weeks ahead of schedule, the asset is now in the second phase with a value of $0.06. Many crypto analysts predict a gain of over 8,000% before the end of the year. The team won't be allowed to sell any of its tokens for a year, and for ten years, liquidity will be frozen. According to us, this will be the wisest investment for 2022.
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