Monat: Juni 2022

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Vechain – Why it’s a high potential altcoin to buy in the bear market

A combination of low prices and growing adoption makes it a perfect altcoin to buy now

Key points:

  • Vechain is one of the cryptocurrencies with a strong use case, especially in streamlining global supply chains.

  • The Vechain Foundation has opened a new office in Europe to grow Vechain’s market share in the fast-growing European market.

  • Vechain is trading at 89% off its most recent highs, despite its strong fundamentals.

With the cryptocurrency market still heavily bearish, investors are looking into solid projects that are undervalued today but have a lot of potential going into the future. One such project is Vechain. Vechain (VET) is currently trading at a more than 70% discount from its 2021 highs.

Interestingly, adoption has been growing, and Vechain remains one of the cryptocurrencies with a strong use case and the potential to transform entire industries. For instance, Vechain’s ability to track a commodity across the supply chain until it reaches the end consumer has already seen growing adoption in the fashion industry.

The geopolitical issues facing the world today also create the need for traceability of goods across the supply chain. This factor could see Vechain perform better than most cryptocurrencies once the bull market returns.

Is Vechain a promising cryptocurrency buy today?

The price of Vechain is down by 89% from its most recent highs. This means it is trading at a considerable discount given how huge its fundamentals are in the market. One of the pointers to how undervalued Vechain is; is the proactive nature of its team. The Vechain Foundation recently opened a European Tech Center. 

The Foundation stated that the move is driven by Europe’s growing interest in blockchain-based solutions and that Vechain’s tech is strong enough to handle these needs. It all points to VET’s potential as a cryptocurrency with growth potential once the market gains traction again.

The post Vechain – Why it’s a high potential altcoin to buy in the bear market appeared first on CoinJournal.

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Polkadot Hacker House in NYC officially opens for applications

The Polkadot Hacker House event will take place at the Industrial City in Brooklyn, New York.

The Polkadot Hacker House, whose first-ever edition is set for New York City from 23-28 June, has opened applications for seasoned engineers and developers new to the Polkadot ecosystem.

Interested parties are encouraged to sign up for the six day event via the Polkadot Hackathon: North America for a chance to be part of the exciting event. It will be held at the Industrial City in Brooklyn.

Prize pool of over $600,000

According to the Polkadot team, the Hacker House event in New York will offer participants an opportunity to benefit from different activities. As well as technical workshops, organizers will provide access to in-person support and mentorship. There will also be networking opportunities.

But participants will also stand a chance to win cash prizes from the Polkadot Treasury and other partnering projects. The prize pool tops $600,000.

Part of broader hackathon

While the Polkadot Hacker House event in NYC ends in six days, it is part of a wider hackathon launched in 2021 in APAC.

The event runs until 11 July and sees participants apply in five categories of interfaces & experiences, DAO & governance, Web3 & Tooling, decentralized finance (DeFi) and NFTs.

For the New York event, participants will have a chance to dive into topics such as Substrate, ink! and XCM. Parachain development will also feature.

The post Polkadot Hacker House in NYC officially opens for applications appeared first on CoinJournal.

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Why Cronos (CRO) could be the best crypto bet in 2022

A combination of a strong use case, low prices, and world cup sponsorship push up CRO’s growth potential

Key points:

  • Cronos is one of the few cryptocurrencies that have actual adoption, thanks to the Crypto.com wallet.

  • Cronos will get instant visibility to millions of people globally by sponsoring the upcoming FIFA World Cup in November 2022.

  • Cronos is currently trading at massive lows, creating an opportunity for long-term investors.

The cryptocurrency market is heavily bearish at the moment. The worst part is that with a top 10 cryptocurrency like Terra going to zero, it can be hard to tell what altcoins to buy and hold long term. While no one can tell what the future holds, the odds are that cryptocurrencies that have actual adoption stand a chance of doing well going into the future. That’s where Cronos comes into the picture.

Cronos (CRO) is one of the few cryptocurrencies with actual usage. Cronos’ best asset is the Crypto.com wallet, heavily adopted by cryptocurrency users globally. They can use it to store crypto, make everyday payments, and even trade crypto. With the adoption of Crypto.com ever going up, the value of CRO, the native token of the Cronos blockchain, stands to go up as well.

Is Cronos a good buy today?

Like the rest of the cryptocurrency market, Cronos has tanked in 2022. However, since the market is cyclic and bull markets follow bear markets, the bear market is a perfect opportunity to invest in Cronos.

Thanks to its strong use case and growing adoption, the odds are that Cronos will do well in the years and even possibly months to come. Besides, Cronos has some push factors to it in 2022 that many cryptos do not have. The FIFA World Cup is coming in November 2022, and Cronos will be among the official sponsors. This means before the end of the year, Cronos will have a level of global publicity that other cryptocurrency projects can only dream of.

If the broader cryptocurrency market is bullish at the time, this is an event that could easily trigger FOMO in Cronos and see it test price levels it has never tested before.

The post Why Cronos (CRO) could be the best crypto bet in 2022 appeared first on CoinJournal.