The cryptocurrency bubble was bound to burst at some point, according to several financial experts and seasoned analysts. However, even the most well-informed individuals could not have predicted the extent of the damage brought on by the crypto crash of 2022.
Nevertheless, the ones who foretold the collapse cite two reasons for it: they claim that countless failures of high-profile cryptocurrency lenders and the market’s fundamental viability are why the market crumbled spectacularly.
Experts have dubbed this period the “crypto winter” and have stated that cryptocurrency is in a bear market. In other words, the disintegration of digital assets has erased the gains of the last five years! Hordes of users who bought tokens have witnessed their entire fortunes dissipate overnight. We will look into two tokens to gauge the market’s current position, and how they could potentially save your portfolio through this crypto winter.
The Blockchain-Based Trading Coin – Axie Infinity (AXS)
Axie Infinity (AXS) is a blockchain-based trading and battling game partly owned and controlled by its users. Developers of the AXS platform sought inspiration from games like Tamagotchi and Pokemon, which explains why the gameplay enables players to gather, breed, elevate, engage and trade creatures called Axies. The Axies can assume different forms, and users can choose from more than five hundred body parts. Options include beast, bird, bug, aquatic, reptile, and plant avatars. Each type class is accessible in four rarity statuses: common, rare, ultra-rare, and legendary.
Each Axie has a combination of body parts, which makes them unique and determines their worth. Every Axie is a non-fungible token (NFT) and boasts different features and powers. Token holders can use their Axies to engage in three versus three battles, and the winning team is rewarded with experience (exp) points when they triumph. Naturally, they can use these points to evolve their Axies’ body parts.
In addition, Axies can reproduce, and their offspring can be utilised or sold on the dedicated marketplace. Axie Infinity also empowers token holders with governance rights called Axie Infinity Shards or AXS. Users can vote and determine the future of the token.
The DeFi Coin – HypaSwap (HYPA)
HypaSwap Token is a decentralised finance (DeFi) platform built on the Ethereum blockchain. HYPA works as a decentralised, non-custodial liquidity protocol that allows lenders and borrowers to swap assets in a liquidity pool. Lenders loan their digital assets to HYPA and earn an interest rate in return for their locked assets. On the other hand, borrowers borrow digital assets from the liquidity pool for collateral.
The makers of HypaSwap have created a well-structured platform for users to engage in extra-banking endeavours like staking and collateral exchange. Community members are inspired to stake more tokens to obtain a greater return on their investments and attain rewards. Additional changes are in the pipeline and will be implemented soon. For instance, HypaSwap (HYPA) will be regulated by a decentralised autonomous organisation (DAO). The DAO will consist of the HypaSwap Genesis Team and all users.
Final Thoughts
If HypaSwap has piqued your interest, you should invest in the token immediately. If you buy HYPA in stage 1 of the presale, you will get a 6% bonus. The bonus percentage will drop by 2% with each stage. Also, if an investor refers a friend to the currency, the referral is mutually beneficial; the original investor and their friend will receive fifty dollars each if the latter invests two hundred dollars.
Additionally, Axie Infinity is an innovative blockchain network that has its mating hub to help its users whilst being a reputable currency in the top 50 most valuable crypto on the market.
