The bear market is daunting to novice investors who overleveraged their portfolios during the euphoric cryptocurrency market run from August to November 2021. FreeWoly news..
It compels investors to alter their time horizon and “HODL” in anticipation of the next bull market. Sadly, a large number of investors sell and therefore lock in irreversible losses. In reality, a bear market is an investor’s greatest friend.
Now is the moment to buy cryptocurrency at a bargain to lock in substantial returns when the market turns. The current post presents Stellar (XLM), Elrond (EGLD), and Freewoly (FWoly) as three of the finest cryptocurrencies to stack during this bear market rally.
Elrond (EGLD) is software meant to compete with Ethereum (ETH) and other major blockchains to expand the decentralised application and cryptocurrency ecosystem.
The Elrond (EGLD) platform is geared toward incentivising a decentralised computer network to execute a smart contract that prioritises scalability and cheap costs. The Elrond blockchain can process more than 15,000 transactions per second, with transaction fees as low as $0.001.
Elrond (EGLD) may enjoy a higher increase than many other digital currencies, including market leaders, due to the enormous number of consumers seeking a solid solution to the sluggish and expensive blockchain transactions.
Suppose many notable blockchain-operating institutions and organisations adopt the Elrond blockchain. In that case, the token’s value might increase even more.
As a decentralised blockchain system, Stellar (XLM) allows users to create, exchange, and transmit any currency, whether it is conventional, crypto, NFTs, or meme currencies.
The platform also includes its own coin, XLM, which can be used for staking and other transactional activities. Developers can look forward to great documentation and technical help when deploying dApps.
Stellar (XLM) recently said that its partner firm, Bitso handled $1 million in remittances between Mexico and the US in the first half of 2022, which is an increase of over 400% compared to the same time in 2021.
FreeWoly (FWoly) is a new meme currency with a fun play-to-earn (P2E) augmented reality gaming concept.
FreeWoly (FWoly) seeks to blend the accessibility of Pokémon Go with the strategic complexity of Farmville, offering players the best of both worlds.
Combining two separate gaming genres has the potential to create a novel and engaging experience that might draw a huge and devoted fanbase.
Each playable animal is a unique non-fungible token NFT that may be purchased, sold, or traded with other players. Animals with more exotic species or rarer characteristics will be worth more tokens.
People can purchase and sell NFT animals, as well as their whole farms, for tokens on the FreeWoly marketplace. Consequently, all players in the FreeWoly ecosystem stand to gain financially.
A meme currency, the FWoly token is a mixed model token backed by an NFT-based ecosystem and tokenomics.
FWoly will be utilised as a standalone cryptocurrency outside the FreeWoly environment. Still, it will be used to trade animals and farms inside the ecosystem.
Binance Smart Chain (BSC) is the platform on which the smart contracts defining the FWO token’s value are developed.
More information FreeWoly (FWOLY)