Investors have bought into predictions of significant profits in the near and medium term, using this bear market as a buying opportunity. The best possible use of this crypto meltdown is being sought out, particularly by investors who wish to make long-term investments. The news from the major stock markets around the world has put a lot of pressure on the cryptocurrency market. Numerous coins, including well-known blockchain-based cryptocurrencies, can be shown to be declining in value.
Axie Infinity (AXS), ApeCoin (APE), and HachiFi (HACHI) are three crypto tokens every investor should aim to buy after the current bear market. Keep reading to learn more about these crypto tokens and how they are poised to revolutionise the NFT sector.
Axie Infinity (AXS)
Axie Infinity, the most popular blockchain game that was inspired by Pokémon, must be mentioned when writing about NFT-based coins. Players can gather NFT creatures known as Axies thanks to the game’s open, incredibly versatile gameplay. In the ever-expanding Axie ecosystem, these Axies can be raised, fought, and exchanged using NFT tokens. Axie Infinity has the greatest weekly on-chain volume of any Ethereum-based gaming DApp as of August 2021. Axie Infinity is among the top three most used game Dapps, with over 100,000 weekly users.
The Axie Infinity ecosystem uses Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) as its two primary NFT coins. AXS is a governance token with voting privileges on a DAO that is held by the community. Platform-related issues including the distribution of treasury money and ecosystem funds are up for a vote. Similarly, SLP is an NFT coin for Axie Infinity’s gameplay that can be used to breed new Axies and is gained by playing the game. ERC-20 tokens that can be traded on the Ethereum network include AXS and SLP.
ApeCoin (APE)
ApeCoin is well-positioned to continue to be a significant player in the digital currency market even as other coins fall victim to the bear market because of its high market value and remarkable use cases. Due to its solid foundations, ApeCoin’s (APE) market value has endured the crypto crisis pretty well. The coin’s development team followed its plan with precision, and this combined with the coin’s clear goal has given much hope for its long-term prospects.
Although ApeCoin’s (APE) price has considerably decreased from its all-time high, its market worth is still large when compared to that of its competitors. As a result, it ranks among the more alluring digital currencies for buyers of dips.
HachiFi (HACHI)
One of the cryptocurrencies that have gained popularity recently is HachiFi (HACHI), which is being built on a fairly extensive ecosystem. Users can profit from the NFT collection and passive revenue thanks to this ecosystem. The ecosystem makes a concerted attempt to sell to huge audiences.
HachiFi (HACHI) estimates that by the end of the year, it will have more than a thousand NFTs in its inventory. These NFTs, which can be acquired through the ecosystem’s game mechanisms, are designed to serve as a collection and offer long-term value. The ecosystem’s financial landscape also makes mention of a thorough and profitable staking scheme. In addition to earning passive revenue, staking investors can participate in decentralized management. If you spend $1,000 on this upcoming cryptocurrency, the site will reward you an extra 19% in HACHI tokens.
Final Thoughts
The bear market offers the opportunity for new investors to enter at attractive prices or longer term investors as an opportunity to accumulate and dollar cost average down. With the markets eyeing a bounce and hopes that a return to a sustained upward trend is in sight coins such as AXS, APE, and HACHI all look like solid options for your portfolio.
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