Cryptocurrencies were initially met with a lot of scepticism but have become one of the most heavily demanded financial instruments today. These blockchain-based assets have made strides by offering investors various benefits, including data privacy and inflation-proof returns. What’s more, they complement the requirements of a global economy steadily moving towards a cashless ecosystem.
If you are still learning the ropes of cryptocurrency trading and want to select suitable options, you can do your research. Just select some of the top names like Dogeliens (DOGET), VeChain (VET), and Elrond (EGLD), consult crypto learning resources to know more about them, and then select the one that best suits your requirements. To help you get started, here’s a brief review of the critical features of these three cryptocurrencies.
Dogeliens: Education investors to make more educated crypto decisions
Dogeliens is a meme coin that amalgamates the two buzzing categories – dog-based meme coins and intergalactic activities – to create a vibrant investment option for cryptocurrency enthusiasts. The meme coin is inspired by the dog aliens that inhabit a planet called Puptopia. Built on the Binance Smart Chain, the meme coin has an open-source code that its users can tweak as per their needs. With a fixed supply of 25,000,000,000, its native token, DOGET, will be used for all kinds of transactional uses on the network.
These tokens will be available on presale; every time a user purchases them, they will be eligible for rewards. These rewards will depend on factors like the stage of the presale, the cryptocurrency used by the buyer, the amount they are spending, the time between signing up and the purchase, or if the buyer has any referrals.
Here’s an example to explain things further. Let’s assume you plan on using SOL coins for purchasing DOGET Tokens, in that case; you will be eligible for 15% free tokens as a reward. In case the buyer has referred someone to the platform, for every $250 each of them spends on the platform, they will receive DOGET tokens worth $50 for free as a bonus.
VeChain and Amazon Cloud Technology explore trusted carbon management.
Designed as a public network, VeChainThor is a platform powered by VeChain. It helps developers design decentralized tools for mass adoption. These tools can be used for building the foundation of an agile and sustainable DeFi ecosystem. The platform is based on the proof-of-authority consensus algorithm.
It uses technologies like transaction fee delegation protocols, in-built smart contracts, on-chain governance, and meta-transaction features to boost the performance of its tools. Its native token, VET, can be used for various transactional uses that one may encounter on the network. Recently, Amazon Cloud Technology announced that it would be teaming up with VeChain’s Shanghai Exploration Chain to dive into trusted carbon management. The partnership is aimed at driving sustainable innovation using blockchain and the cloud. With VeChain’s support, Amazon would offer carbon management for companies using dual carbon.
Elrond dives into the metaverse by rebranding itself as ‘MultiversX.’
Elrond is a blockchain platform for developing scalable and secure enterprise use cases and dApps. By making blockchain-based solutions cost-effective, accessible, user-friendly, and scalable, Elrond makes it easy for developers, enterprises, and validators to explore new opportunities in the new internet economy. To a large degree, Elrond’s security and efficiency are due to its proof-of-stake consensus algorithm and how it ensures distributed fairness by eliminating the need for an energy-intensive algorithm like proof-of-work.
Its native token is the primary cryptocurrency on the network. In a recent development, Elrond announced that it would rebrand itself as ‘MultiversX‘ to explore more opportunities in the metaverse. The announcement was made during the X Day international conference organized by the Romanian-based blockchain platform in Paris earlier in November.
As part of the restructuring, the platform will focus on three products. The first of them will be xFabric which will be a customizable and sovereign blockchain. The second product would be xPortal, where users could buy metaverse avatars, and xWorlds, where they can access interoperable metaverses.
The three above mentioned cryptocurrencies have been garnering traction across the world with their stellar market performances. As investors line up to invest in them, most of them feel it is a tough job to choose which one’s better than the other. Even if investors might not be able to choose a favourite, many cryptocurrency analysts have expressed faith in Dogeliens. The meme coin’s growth potential and initiatives to develop the DeFi space positions it as a long-term player in the market. Plus, as users get multiple opportunities to earn passive income, they can potentially earn higher returns over the long term.
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