Most of the cryptocurrencies lost 80% oftheir value in the bear market. WAVES,TRX, and PAL have exhibited extreme perseverance in the bear market. They evendecoupled from BTC.
TRX (Tron) launched their mainnet during themonth of May. They released Odyssey 2.0 a public blockchain to support dApps. A$100 million gaming fund was declared to improve the use and development of TRXin games. Heavy funding is indicative of the commitment the team has towardsthe platform. Strong financial support is only going to make the adoption mucheasier. So much of dedication and funding during the bear market providesenough reason to stay positive about the progress of its tokens.
The market cap is more than $800 million. The transactions per second of TRX is a lotbetter than Ethereum at 2000 TPS.
Justin Sun, CEO of TRX is very well-known in the cryptocurrency space. Hefounded TRX, and he recently told that he would βrescueβ ETH and EOS developersby providing them with a better platform. The $100 million development fund is probably geared towards this move. Justin Sun, the founder of TRX, thus plays agreat leader to TRX project.
PAL (PAL Network) has a very tiny market cap at$2 million in the cryptocurrency space. PALhas partnerships with major projects like QTUM, DGX, NEM, and MEDX. ValJi-hsuan Yapwas, CEO of PAL was featured in Forbes. The partnerships of PAL have a major role toplay in creating awareness and utility.
PAL has an impressive volume despite lower marketcap. PAL was chosen to be a part of thePayPal Incubator Singapore. Though the blockchain model of PAL focuses on theUnited States, their notoriety is mostly in Asia. They have a very committedteam, and that is the reason for why PAL beat the deadlines during the bearmarket. Another reason for why Forbes and Paypal choose them.
Cryptocurrencies commonly trend up or down theBTC. However, Waves since the past monthhas been decoupling from BTC and has been developing its own trend. WAVES(Waves) one of the fastest performing blockchains provides real-world solutionslike running smart contracts on decentralized Exchange (DEX) decoupled fromBTC. The value of WAVES went from 25250Satoshis to 72138 Satoshis, this occurred when most of the other crypto in themarket was following the BTC lower.
The recent trends of waves show that theirprojects are not dependent on the Bitcoin price movement. When compared to PALand TRX, WAVES are leading the decoupling. The de-couplers are set to thrive betterwhen the market resumes to a bullish trend.
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