The market is saturated with many cryptocurrencies, all of which are struggling for traction in a dwindling market. It is therefore also a struggle for investors to decide which coins are the best options. The market is generally down, and as much as one can think to buy coins at very low prices now, there are also new projects to watch out for because they offer the lowest entry compared to cryptocurrencies in a dip.
RoboApe (RBA) is one of such anticipated new tokens. RoboApe is a futuristic meme coin hoping to draw its holders out of economic struggle and make some profit by posing a meme front and creating a value system that rewards them as holders. The project aims to drive its community to success by creating a meme front and spreading the culture across the crypto landscape.
Meme coins generally thrive best in the bear market. It’s the best time to launch because investors are not necessarily confident about putting their money in anything, but won’t shy away from something that presents a good laugh and a bubbling community. Meme tokens help everyone get by in the bear market as it brings everyone together to push a culture or a narrative.
However, RoboApe (RBA) still has to struggle for some attention. Solid projects like Polkadot (DOT), Cardano (ADA) and several others are immensely down from their highs and now could be at a great discount. Investors may be conflicted about which crypto assets to go for, and it would only take the smart investors to understand the money flow and wave to be sure of where to invest their money. Let’s take a look at these coins.
Polkadot (DOT) is a one-of-a-kind PoS blockchain network that aims to provide compatibility with other blockchains. Its protocol connects permissioned and permissionless blockchains and oracles, allowing systems to collaborate under one roof. Polkadot’s relay chain is a very unique feature that enables blockchain interoperability. Parachains, or alternative blockchains with their native coins, are also supported for certain use cases.
Polkadot’s edge over Ethereum may be that instead of deploying apps only on Polkadot, developers may design their blockchain while benefiting from the security that Polkadot’s chain currently possesses. Developers may establish new blockchains with Ethereum, but they must create their security mechanisms, which might leave new and smaller projects vulnerable to attack because the larger a blockchain, the more secure it is. This is known as shared security in Polkadot.
Polkadot was built by Gavin Wood, another member of the Ethereum project’s core founder whose vision for Ethereum was quite different and had to move on from the project. Polkadot had a market value of around $10 billion as of June 10 2022, and one DOT traded for $9.08.
Cardano (ADA) is a cryptocurrency developed using a research-based method by engineers, mathematicians and cryptography professionals. Charles Hoskinson, who is another one of Ethereum’s core project founders, helped to co-found Cardano. He left Ethereum after some issues with the way it was headed and eventually helped build Cardano.
Cardano appears to stand out among its Proof-of-Stake (PoS) contemporaries and other significant cryptocurrencies due to this rigorous procedure. Cardano has also been branded the “Ethereum killer” due to its blockchain’s ability to do more. Nonetheless, Cardano is still in its early phases. While it has surpassed Ethereum in terms of PoS consensus, it still has a long way to go regarding DeFi applications.
Cardano had its market value at $20 billion as of June 10, 2022, and one ADA was worth about $0.6
Conclusively, these other cryptocurrencies seem like the option until you can understand money flow and market trends. Then, you’d realise RoboApe stands a better chance, and you might as well buy the token at the lowest price possible on presale. Join the RBA presale now.
Was this writing helpful?
This news is republished from another source. You can check the original article here