The crypto crash of 2022 is undoubtedly the worst incident to occur within the cryptocurrency industry in recent times. When the crypto market crashed in May, it began a series of events that have shaken the industry to its knees. Now, with the threat of a full-blown recession on the horizon, the cryptocurrency industry is forced to make some profound changes.
The fear of an extended crypto winter is no longer a possibility, and it is now a reality. It is a bear market season within the cryptocurrency industry, and the two largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), have been the biggest losers so far. Crypto news today indicates that BTC mining companies have begun to sell their stocks. If this continues, it could drive the crypto price further down.
Despite this, the bear market does have its perks. One of them is the opportunity for long-term cryptocurrency investment. Crypto prices going down means that investors can get the best deals on any altcoin they choose, but it is important to choose the right one. Of all the options in the market, these two – Cardano (ADA) and Petrousus (PSUS) are protocols that seem likely to yield a massive return on investment (ROI) in the long run. In this piece, we examine both altcoins in depth.
First on this list is Cardano (ADA), an open blockchain-based platform designed to provide economic identity to the less privileged through decentralized applications (dApps) that will assist eith managing identity, value and governance. The platform is also designed to redistribute power from unaccountable structures to individuals in order to help create a society that is more secure, transparent and fair.
Cardano (ADA) employs the Proof of Stake (PoS) consensus mechanism, which is less energy-intensive than the Proof of Work (PoW) algorithm that older blockchain systems like Bitcoin (BTC) and Ethereum (ETH) use.
All of the technology developed for the Cardano (ADA) platform goes through a peer-reviewed research process. By operating in this manner, all proposed ideas are appropriately vetted before they are validated.
Cardano’s native token, ADA, is a top 10 cryptocurrency by market cap. ADA ensures that its owners can participate in the operation of the network by having the right to vote on any proposed changes to the platform.
ADA has a live market cap of $16,906,558,149, a circulating supply of 33,739,028,516 ADA coins and a max. supply of 45,000,000,000 ADA. The token is increasingly popular around the cryptocurrency industry and is available on popular crypto platforms such as Binance, OKX, Bybit, MEXC, and BTCEX.
Traditional Finance is riddled with a plethora of issues that limit the sector severely. Some of these issues include centralization, lack of transparency and inaccessibility. Decentralized Finance (De-Fi) was born out of the need to address these issues and has done an excellent job so far. However, De-Fi is not without problems of its own that are keeping it from achieving mainstream adoption. Some of these problems are scalability and security.
Petrousus (PSUS) seeks to be the solution to the De-Fi sector’s problems. Petrosus Token (PSUS) is a decentralized De-Fi token running on the Binance Smart Chain (BSC) network that seeks to create a decentralized investment gateway that will empower world citizens and help build financial and economic growth. It delivers fast transaction throughput, decreased risk of mistakes, and smart feature development.
Scalability is an issue that the De-Fi sector struggles with. To combat this, Petrousus Token (PSUS) comes equipped with cross-chain functionality to enable transactions over multiple blockchain networks and promote seamless communication and interaction. The token is progressing nicely on its roadmap and will launch soon, so it would be best for investors to keep an eye out.
If you are interested in learning more about Petrousus here is a link to their website below: