As many know, a bear market is a fall in the value of cryptocurrencies by 20% or more. This is what is currently happening in the crypto market, sparking a crypto crash. This trend is often followed by a bull market which sees cryptocurrencies rise back to their normal price and even exceed the price they were at before the bear market. This begs the question of whether now is the best time to invest. Established cryptos like IOTA (MIOTA) have been hit hard in the bear market but show promising signs of recovery. CashFi (CFI) is a new cryptocurrency set to release in September. Maybe this new and innovative cryptocurrency is what the market needs.
The cryptocurrency flourishing in the crash: CashFi (CFI)
CashFi (CFI) is a decentralized network that uses a Proof-of-Stake consensus mechanism. Its governance token is called CFI. Users can stake their CFI tokens to earn lucrative staking rewards that can be used as a passive income tool. Stakers are vital to the CashFi (CFI) ecosystem as they maintain the security of the network. The more secure the network is, the more developers will build their DApps on the platform.
CashFi (CFI) also supports the minting of NFTs on multiple platforms. Users can store their NFTs on their marketplaces allowing them to have full control over their assets. Users will be able to save gas fees when minting their NFTs as the platform supports multiple blockchain networks.
The crypto crash has been undoubtedly hard on investors this year. With current inflation, people have less money to spend on cryptocurrencies. CashFi (CFI) offers an alternative. The new crypto does not release until September and is currently in its pre-sale stage. The token can currently be bought for a low price, making now the perfect time to invest in CashFi (CFI) as it avoids the bear market.
IOTA (MIOTA) keeps cryptocurrency giants on their toes
IOTA (MIOTA) is the first distributed ledger built for the “Internet of Everything”. It is a network for exchanging value and data between humans and machines. The network is designed entirely without fees. This means there are no blocks or miners. When one IOTA (MIOTA) transaction is sent, you validate two other previous transactions. This allows IOTA (MIOTA) to overcome the cost and scalability limitations that blockchains experience.
The IOTA (MIOTA) foundation has signed multiple agreements with huge companies, such as Volkswagen and Bosh. By doing this, they have expanded their utility and extended their usage to more devices. IOTA (MIOTA) continues to grow as a platform and even with the recent crypto crash, it is making huge strides to achieve its goal “to create a Trust Layer for the Internet of Everything”.
The bear market has affected IOTA (MIOTA) like every other cryptocurrency. It currently sees a decrease in value of 27.72% in the past 7 days at the time of this article being written, according to CoinMarketCap. The rate at which the value is going down is stabilizing, meaning now could be the perfect time to buy into the crypto crash before values start to rise.
Established cryptos like IOTA (MIOTA) have fallen victim to the crypto crash. However, investors can use this to their advantage. The numerous use cases of IOTA (MIOTA) and its deals with some of the top companies in the world like Bosch and Volkswagen mean the crypto will likely bounce back from the crypto crash. If you are looking for a safe bet through this bear market, turn your attention to CashFi (CFI). This new cryptocurrency has innovative features that would benefit any crypto investor. Consider adding CashFi (CFI) to your portfolio this summer.
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