Why Decentraland and Polkadot Investors Are Moving to Degrain (DGRN)
Some say the era of cryptocurrencies making investors millionaires overnight has passed and that the top assets in the ecosystem have people losing more money than they make.
They can’t be blamed for the blasphemy; we are indeed in the bear market, and prices have been relatively low. However, investors know that the bears eventually have to hibernate at some point, and when they do, the bulls will run.
To prepare for this, investors have their eyes peeled for tokens that can make them good profits.
One of those tokens is Degrain (DGRN), and since it was created, it has seen an influx of Decentraland (MANA) and Polkadot (DOT) buyers. Here’s why.
Decentraland (MANA): a constant decline
Decentraland (MANA) is a virtual reality platform based on the Ethereum blockchain, which enables users to create, participate and monetize content and applications.
With Decentraland (MANA), users can buy land that they can navigate, build on and monetize. In the past few days, Decentraland (MANA) has risen in value; however, that is just one step in the right direction after taking thousands of wrong steps.
Decentraland (MANA) has fallen to $1.02 from $5.90, and the trend has been generally downward, making more investors jittery enough to de-risk by selling their assets.
Polkadot (DOT): experts
Polkadot (DOT) has taken a huge hit in the current market cycle. As of November last year, the Polkadot (DOT) token was worth $55 per one; however, it is currently sitting at a shocking $8.46, just a few dollars away from its all-time low.
Social media sentiments have shown that the token’s popularity has been rapidly decreasing as many investors seem to think that Polkadot (DOT) is moving too slowly.
On Twitter, those who trade Polygon’s DOT have been called “retarded” because according to one user, all they do is “buy the highs and sell the lows.”
Degrain (DGRN): the gift that plans to keep giving
Degrain (DGRN) is an upcoming NFT marketplace with plans to enable cross-chain transactions while working with real-world companies and minting contracts using an NFT.
That’s not all. Degrain intends to distribute platform revenues to those who stake the DGRN token.
Cryptocurrency experts have been quick to praise Degrain for trying to accomplish something no other platform has, and this has investors from other chains like Decentraland (MANA) and Polkadot (DOT) aping in.
Unsurprisingly, during the first phase of its presale, Degrain (DGRN) sold 11 million tokens in the first minute.
The price for the coin is currently $0.05 for the second phase of the presale, and is still an amazing investment opportunity, as many are predicting an 8,000% price increase by the end of 2022.
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