Solana (SOL) and Polygon (MATIC) have become leading blockchain protocols – the former as a layer 1 smart contract protocol as an alternative to Ethereum (ETH), and the latter as a layer 2 solution designed to increase Ethereum (ETH) transactional throughput. Both have performed well since their respective launches but have since seen negative price action this bear season. However, that’s been the case for crypto across the board – except for a few exceptions to the rule. One presale token has already done a 500% increase since its launch, and for good reasons: Degrain (DGRN). Here’s why.
Solana (SOL) needs no introduction after its meteoric rise that saw it emerge with a host of layer one “Ethereum-killers” like Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT), becoming one of the best-performing smart contract platforms supporting a host of DeFi, NFT and metaverse projects that has made it one of the most popular protocols to this very day.
Solana (SOL) and its enormous popularity saw its price shoot up to $260 at the height of its 2021 run but has since turned in shambolic performances. After a string of concerns about its lack of centralization, blockchain stoppages, and a series of heists, Solana (SOL) has struggled mightily during the first half of 2022. Solana (SOL) is still well-positioned despite its fall, but investors should expect a bumpy ride until 2023.
Polygon (MATIC) was launched as a layer 2 Ethereum sidechain enabling lower transaction costs, greater scalability, increased security and enhanced privacy on the smart contract platform. MATIC, its native token, has seen widespread use across Ethereum-based protocols such as staking, trading, voting, and rewards. Polygon (MATIC) prices have taken a nosedive in the first half of 2022 from their 2021 highs of $2.72, but recovery has come fast ahead of Ethereum’s planned merge towards a proof-of-stake consensus mechanism. However, profit margins might not have much room for growth, considering its status as a high-market cap cryptocurrency. Not surprisingly, investors are looking for tokens with more potential for outsized gains.
Perhaps one of the biggest stories of crypto in 2022 is the ongoing presale and highly-anticipated upcoming launch of Degrain (DGRN), aiming to build the first cross-chain decentralized NFT platform. Presale Phase One began July 7, 2022, and has since sold out over two weeks early, with droves of crypto investors turning their attention to this protocol.
Its native token, DGRN, has since done a 5x return from its launch price of $0.01 per token (now trading at $0.05), already rewarding early investors with massive gains despite the bearish market conditions. Renowned crypto analysts have predicted a 7,000% increase in DGRN’s token price by the time Presale Phase Two has concluded by September 30.
However, due to the success of the presale, and at the fast rate Degrain (DGRN) is selling like hotcakes, Presale Phase Two is expected to conclude way earlier than its September 30 date. It’s not yet too late – get into the presale while you still have a chance. Outperform the bear market and make a winning investment in a protocol that’s about to pop.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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