The most recent cryptocurrency crash occurred on November 8th, 2022, ultimately destabilising the market and sending the price of every cryptocurrency down. The third-largest cryptocurrency trading platform, FTX, collapsed and filed for bankruptcy, which led to the crash.
The cryptocurrency market descended into anarchy when this information was made public. Investors were trying to withdraw their money from FTX as quickly as possible, but some funds had a hold placed on them. Cryptocurrencies are not immune to the effects of global events. This incident led to the collapse of all cryptocurrencies.
Cryptocurrencies like Solana (SOL) and Cronos (CRO) had a severe crash and are still struggling to recover. Considering that most cryptocurrencies are still seriously damaged, buying pre-sale Dogeliens (DOGET) can help you make money while avoiding the fallout.
May Day! – Solana Not Recovering From Crash
Solana is a blockchain network established in 2017 that emphasises decentralisation and hosting scalable apps. Solana dramatically reduces transaction fees and executes transactions more quickly than competitor blockchains like Ethereum.
However, Solana already felt the effects because this was the second crypto collapse in a year. It had already lost $11.71 billion in market capitalisation by October 3rd, 2022.
The SOL token serves as the blockchain’s native currency. The crypto crash took its toll on this token, reducing its price significantly. After a few weeks, Solana is still losing money. It may not be the best investment choice at this time.
Cronos Is Running Out of Fuel as Its Numbers Keep Dropping
Cronos is the first blockchain network to engage with the Cosmos and Ethereum ecosystems thanks to its support for DeFi, NFTs, and the metaverse. It aims to significantly increase the number of Web3 users by providing immediate app and cryptocurrency asset migration from other chains at low cost, high throughput, and speedy finality. It enables the quick exchange of apps and smart contracts from Ethereum and EVM-compatible chains and is powered by Ethermint.
Cronos, like Solana, were among the cryptos that took the most blow during the meltdown. Since the crash, its native currency, CRO, has further plummeted and has had a tremendous volume decline of 13.89%, with all other figures also dropping. There are no signs that the volume will soon return to what it was before the crash.
3…2…1 Blast Off! – Dogliens to Become the Next Huge Meme Coin
Dogeliens is a pre-sale cryptocurrency that provides users and investors with a decentralised platform. The planet Puptopia, where all the inhabitants are wacky extraterrestrial dogs, is the coin’s inspiration. All citizens attended Barkington University, where they learned about cryptocurrencies and decentralised financial systems.
The Spaceship, Barkington University, and Pupstore are the three main pillars of the Dogliens ecosystem. The spaceship is a metaverse-interactive environment. Holders of tokens will have exclusive rights over decisions affecting the project’s future.
The University of Barkington serves as the second pillar. Puptopia’s compassionate residents have generously opened their university to everyone for free! Anyone may become a teacher or a student!
The Pupstore serves as the third and last pillar. This is a store where DOGET tokens can be used to buy merchandise. If you didn’t invest in such a fantastic cryptocurrency, Houston would have a problem!
Crypto crashes are never fun; the most recent one affected the entire live crypto market. Solana and Cronos have been affected the worst and may not be the best investment opportunities at this time. However, pre-sale token Dogeliens managed to avoid the damage and has terrific resources to offer investors.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.