Bear Market Altcoins to Keep An Eye On

Nobody likes a bear market, but even at tough times like these, there are always signs of hope. Here are a few altcoins which could spring a surprise.

Credit: Bywire News, Canva
Credit: Bywire News, Canva
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LONDON (Bywire News) - 2022 has been a tasking year for investors delving into the crypto industry as the recent crash joins a list of bewildering events that have shaken the industry. Even so, every bear market has positives in the long-term as the best opportunities on the market are at a discount. $EOS, $ADA & $PPX all fit that category for several reasons. 

EOS Points to Innovation

When most investors talk about mass adoption, it means that projects have to innovate in order to acclimatise to the mass demand. EOS makes that innovation easier due to being the foundation of choice for developers to build dApps on.

EOS allows programmers to embrace blockchain tech through the range of tools and educational resources that help builders develop functional and scalable apps quickly. 

Compared to other chains, EOS delivers more scalability than most top chains. EOS also provides greater security for consumers through the provision of flexibility and compliance. 

The native token EOS is in the top 50 cryptocurrencies by market cap. The EOS token also provides governance rights to holders and is available on most top crypto exchanges like Binance, Coinbase, Kraken & others.

Cardano among Top 10?

Cardano is a third-generation smart contract platform providing solutions that other chains like Ethereum have struggled to overcome, such as scalability, interoperability and transaction throughput. This has allowed Cardano and other layer-1s like Dot, AVAX and Solana to be labelled ETH killers.

Cardano also redistributes power from unaccountable structures to individuals so that they can contribute to the creation of a more secure, transparent and fair society. 

The native $ADA token also serves as a governance token and you can find it on Binance, OKX, Bybit, BingX and Bitget. 

What Does PPX Contribute?

Proprivex Token PPX is the native token and utility token for Proprivex which is a trading and portfolio management platform specific to digital assets and currencies. The platform allows users to manage their portfolios within an ideal environment.

$PPX is used for all payments on the platform, but users can also use other tokens to pay for services on Proprivex. However, there are incentivised discounts for $PPX users. Token ownership allows automatic governance rights in Propivex’s DAO. Holders can also enjoy rewards in reflections and asset management services.

(Writing by Samba Jallow, editing by Klaudia Fior and Tom Cropper)

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