The cryptocurrency industry is currently facing its biggest challenge yet, what crypto analysts have called the longest bear market in history. The bear market of 2022 has been extremely tough and is bound to have long-lasting effects on the industry when it finally ends. Industry-leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and Avalanche (AVAX) have been the biggest losers in the bear market.
As things stand, it does not appear as though the bear market will be coming to an end anytime soon. For investors looking to add altcoins to their portfolio in the current market state, these three crypto tokens - Solana (SOL), Tron (TRX) and Zompot Token (ZPOT) are the best options available. All three altcoins possess massive grower potential, which makes them perfect for long-term cryptocurrency investment. In this piece, we examine all three altcoins side by side.
Solana (SOL) is a name that is quite popular within the cryptocurrency industry. SOL is the native token of the Solana protocol and is one of the most prominent cryptos in the industry. It is a top 10 cryptocurrency by market cap with a live market cap of $13,189,582,225 and a circulating supply of 345,241,371 SOL coins.
Solana (SOL) exists to facilitate decentralized app (dApp) creation and improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. The platform's innovative hybrid consensus mechanism is a major source of attraction for small-time traders and institutional traders alike.
Anatomy Yarkovenko founded Solana (SOL) in 2017, but it was not until March 2020 that the platform launched. Its native cryptocurrency, SOL, is available on several top crypto platforms within the cryptocurrency industry, such as Binance, Coinbase, FTX Bilaxy and Huobi Global.
Another household name within the cryptocurrency industry, TRX, is the native cryptocurrency of the Tron platform. TRX is a top 20 crypto, by market cap, with a live market cap of $6,559,451,006 and a circulating supply of 92,481,402,978 TRX coins. It is one of the lesser affected altcoins by the bear market and presents a viable long-term cryptocurrency investment opportunity.
TRX is native to the Tron platform, a decentralized blockchain-based operating system that exists to provide complete ownership rights to makers of digital content. The platform seeks to help content creators (who receive only a tiny part of the income) and encourage them with more rewards for their work.
Justin Sun is the founder of the Tron Network. Since its launch, the platform has provided the ideal environment to create a decentralized Internet. It serves as a tool for developers to build dApps, acting as an alternative to Ethereum (ETH). Sharing of content on the Tron network is rewarded using TRX. You can find TRX on the following top crypto platforms Poloniex, Bancor, KuCoin, Binance, Bitfinex and Coinbene.
Zompot Token (ZPOT)
ZPOT is the native cryptocurrency of Zompot, an upcoming crypto platform running on the Binance Smart Chain (BSC) network. The Zompot Token platform exists to provide an ideal environment where users can access secure and age investment options. The platform promises to protect user investment against inflation in an environment that ensures fast and secure transactions as well as flexible usage.
The Zompot platform is a stable and reliable environment that protects investors and their investments from the shortcomings of traditional finance. Additionally, the platform will be used in the metaverse and assist businesses negatively affected by traditional finance to get started within the metaverse when the technology becomes globally accepted.
Central to Zompot's operation is its native cryptocurrency, the Zompot Token. The token goes on presale very soon. To ensure you don't miss out on important information on the Zompot Token, watch this space.