Web3 & NFT - Loopring, Mehracki & Chainlink Save the Bear Crypto Market?

Web3 appears to be taking hold of the crypto market with transactions, adoption and technologies continue to grow with NFT art, play-to-earn games the driving forces. XChange Monster is approaching this with acting as a bridge between gamers and the user of their own crypto – MXCH. Loopring and their partnership with gaming giant Gamestop (NYSE:GME) are dveloping their NFT marketplace and have already launched the Gamestop Wallet backed by Loopring tech.

The coin market continues through one of the most turbulent periods in its history. In this period, which is also referred to as the crypto winter of 2022, it is stated that many large cryptocurrencies have experienced depreciation. As can be seen in the cryptocurrency news, it is even seen that large exchanges such as the Celsius stock market cut transactions due to unexpected market movements during this period. But there are always opportunities to be made, even in a bear market like this.

Mehracki (MKI): On the Radar of Crypto Whales

Cryptocurrency experts agree that this period should not actually cause panic. Although bear market trends can be seen from time to time, experts say that buying windows should be evaluated for the highest profitability in this period. Analysts emphasizing the bottom prices say that after the downtrend ends, many investments will bring profits with the rise. During this period, Mehracki (MKI) performed well despite being in the pre-sale process and has entered the radar of many buyers, including cryptocurrency whales.

The Mehracki (MKI) NFT collection allows buyers to acquire an asset that will interact with the real world. The developers state that NFT holders will gain privileges in certain businesses through collaborations with the service industry.

A DAO will manage this community-driven project. The DAO will have a say in every aspect of the Mehracki (MKI) project, including the financial roadmap.

Chainlink (LINK): A Double-Edged Blade for Investors

Chainlink (LINK) is a project that is built on the Ethereum blockchain. It is used to connect smart contracts with real-world data. The project was funded in 2017, and the project’s purpose is to provide a secure and reliable way to connect smart contracts with data from the real world.

Chainlink (LINK)‘s recent investments in projects create an opportunity for experienced investors. LINK’s price could fall sharply in a bear market if these projects fail to meet their expectations. However, if these projects are successful, LINK’s price could rise significantly. For experienced investors, LINK’s recent investment strategy presents an opportunity to profit from the project’s success or failure.

Loopring (LRC): Deploying a Fine Strategy

The Loopring (LRC) project provides services to users on both centralized and decentralized exchanges. ZK-rollups make it possible to execute transactions at a lower rate with higher throughput than most decentralized exchanges on the chain. It also has non-custodial technology that offers stronger security than most centralized exchanges.

Loopring (LRC) also supports high performance, allowing users to adopt the type of trading strategy they want. The platform has technology that eliminates fraudulent transactions through price changes. In addition, Loopring (LRC) has passed audits without relying on external validators inside and outside the platform. This means that only users can access their funds on the platform.

Conclusion:

In the current bear market, it can be difficult to know which cryptocurrencies are worth buying. However, we believe that Mehracki (MKI) is still a strong option.