The 2017 crypto crash was the year that bitcoin came crashing down, falling below 83% and shocking traders and the world alike. It first began with a surge that beat its all-time high price. Then in February, the popular coin began to fall and it did not stop until December 2018, sending holders who had once bragged about maximum profits bolting for the exit.
It was so bad that analysts called it; “the crypto winter,” and some still refer to it as “the Great Crypto Crash.” While there are various reasons for a crypto crash, there is also news of the likelihood that another is on the way.
Crypto prices are currently slumping, and while others are pulling out of projects, there are still opportunities for you to buy the dip and HODL. But, which projects are worth buying now?
Let’s begin with Mehracki Token (MKI), a new meme token that has put together a network where users can make money via various methods, and Avalanche (AVAX), another “Ethereum Killer.”
Mehracki Token (MKI)
Mehracki Token (MKI) is a DeFi community-driven token that makes an entrance with the meaning of its name; “to put love into anything that anyone does.”
The platform seeks to provide various sources of income for users and do it in engaging ways- especially within the travel industry.
While many meme coins lack real-life applications and use cases, making it hard for traders to imagine how it will benefit them, Mehracki Token (MKI) has several incentives for their native token’s adoption that will show users the value that comes from ‘hodling the token’.
The platform is governed by MKI, the official token, which serves as a utility for verifying transactions on and outside the Mehracki ecosystem. Holders of MKI can stake their crypto to contribute to the network's security and earn rewards.
Diversity on the network has created a space for the NFT marketplace. MKI holders are given rare NFTs that hold a high value in the NFT market. To cap it all, users can enjoy more advantages of DeFi solutions and guard against the crypto crash today while earning passive income.
Avalanche (AVAX) is a decentralised blockchain platform or also dubbed the “Ethereum killer,” known for its scalability and speed. Its native token, AVAX, is the governing utility of the platform.
Measured by time-to-finality and the number of transactions that can be carried out on each subnetwork, it has arguably the fastest smart-contract ecosystem in the blockchain world.
Avalanche uses a nominated consensus algorithm, not too different from Proof-of-Stake. Validators on the network are randomly chosen, in subsets, to check agreements. The validators then reach a consensus through “network gossiping” to determine if the blocks are valid and should be added or not.
Avalanche operates on three different built-in blockchains that control various aspects of the network. This helps to address multiple limitations that hinder speed and scalability.
To give users the freedom of designing their own space, each subnet has a blockchain or more, with the option of choosing their consensus model and making it accessible for the public or a specific few.
With all these innovations on the network, it’s no surprise that analysts are picking it as a better option over Terra (LUNA), especially after the Luna crypto crash.
While crypto crash live news sources are reporting several dips and flat lining, these tokens give investors reasons why they are the ideal tokens to be bought during the dip. With the provision of several functionalities and DeFi solutions, it’s fair to say that getting them will give you a lifeguard for the bearish period.
For more information on Mehracki Token (MKI):
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.