It seems to be a lifetime since the bear market began. Its emergence is all but telling of how the year has been for the cryptocurrency industry, and as it continues to rage on well into the third quarter, the crypto faithful can only sit back and hope for an end to the situation.
As with all bear markets, the ongoing bear market has been challenging for everyone within the cryptocurrency industry, from individuals to corporations and companies. Crypto regulars such as investors and traders must go about their activities with higher risk and losses. On the other hand, companies have been forced to make considerable changes to their operations, such as staff layoffs. Since the beginning of the ongoing bear market, reputable crypto platforms such as Coinbase, BlockFi, and Gemini have let go of many workers to adjust to the worsening state of the industry.
There appears to be no end to the ongoing bear market, and everyone must adjust to the situation. For investors, long-term cryptocurrency investments offer a way out of the current conditions. A long-term cryptocurrency investment in a suitable altcoin could result in massive profits. These two altcoins – Decentraland (MANA) and Proprivex Token (PPX) are decent investment options. Here’s all you need to know about them.
Decentraland (MANA) – A Gamer’s Paradise
Decentraland (MANA) is a gaming platform that allows users to create, experience, and monetize content and applications. It is powered by the Ethereum (ETH) blockchain and operates by enabling users to purchase plots of land that they can later navigate, build upon and monetize. Decentraland (MANA) is the ideal environment for content creators, businesses, and individuals looking for a new artistic medium, business opportunity, or source of entertainment.
Players perform operations on Decentraland, such as buying and selling through its native cryptocurrency, MANA. MANA is the key to all experiences on Decentraland and facilitates the purchase of in-game items such as LAND, amongst others. Players can earn MANA tokens by creating and selling items on the Decentraland marketplace, as well as through leasing, advertising, and creating paid experiences on their parcel of LAND. MANA also facilitates network governance, meaning that MANA token holders have a say in the affairs of Decentraland and how it is run.
MANA is very popular within the cryptocurrency industry as an industry-leading gaming coin. The token is available on several top crypto platforms, such as Binance, OKEx, and Coinbase Pro.
What is Proprivex Token (PPX)?
Proprivex Token (PPX) is native to the upcoming Avalanche (AVAX) based crypto platform, Proprivex. It is a trading and portfolio management platform for digital assets and currencies. Proprivex exists to ease the complexity of managing diverse portfolios and to protect users with first-rate portfolio management tools. With an ecosystem capable of efficient and secure trading, staking, and managing various crypto assets with full-scale security, Proprivex is on course to redefine the cryptocurrency industry.
Proprivex Token (PPX) plays an integral role in the platform’s operation by providing utility and facilitating network governance. PPX goes on presale in the coming months and would make an excellent portfolio addition and long-term cryptocurrency investment. Investors stand to gain several rewards, such as a 13% additional token bonus for purchasing the token with Ethereum (ETH).