Will Supontis (PON), Cardano (ADA) And Litecoin (LTC) Appreciate After the Bear Market? - Coindoo
Supontis (PON)

Will Supontis (PON), Cardano (ADA) And Litecoin (LTC) Appreciate After the Bear Market?

Editorial Team Avatar
Aug 16, 2022
4 min reading time

Cryptocurrency and blockchain projects have managed to attract the attention of millions of investors globally, thanks to their decentralized structure and economic advantages. 

The popularity of digital assets reached peak levels, especially towards the end of 2021. However, the crisis in algorithmic stablecoins such as Terra (LUNA) and UST has deeply affected the market. 

Although the cryptocurrency market has experienced some decline in 2022, it is considered the future investment area by corporate companies. 

Standing out with its innovative and modern structure, the Supontis Token (PON) acts as a bridge to transfer crypto assets between blockchains. 

This post will add two more coins for your consideration during a bear market.

Can Supontis Token (PON) Become A Market-Leading Token?

To begin with, Supontis is derived from the combination of the English word Super and the Latin word Pontis, meaning bridge. 

As for the Supontis Token (PON), it was launched to facilitate the cross-chain transfer of cryptocurrencies between Ethereum, Binance, TRON, and Fantom networks. The project is powered by PON, a BEP20 token built on the BNB Smart Chain. 

Also, the platform adopts the Decentralised Autonomous Organisation (DAO) model to provide users with a high level of decentralization. 

In this way, all members can have a say in the decision-making mechanism regarding the project’s development. User votes shape updates, integrations, and other changes. 

The Supontis Token platform also includes an advanced staking program. Thus, members can earn income by locking their crypto holdings.

In the anonymous developers launched network, cryptocurrencies are transferred over the bridge, while assets are not moved or sent anywhere. 

Instead, the Supontis Token (PON) mechanism uses a smart contract to execute the transfer request in a two-step process

How Cardano (ADA) Behaved Lately

ADA, the native cryptocurrency of the Cardano ecosystem, was trading around $0.015-0.020 when it was launched in 2017. 

The popular token increased its market value quickly and exceeded the $1 band in 2018. Approaching 2019, it declined sharply and declined to $0.20 levels. 

By 2020, cryptocurrency and blockchain technologies began to be adopted worldwide. This had a positive impact on the Cardano (ADA) coin. The token surpassed the $2 level in May 2021. 

Cardano (ADA) hit an all-time high of $3.10 on September 2, 2021. In 2022, it surrendered to the bear market. The cryptocurrency had a market value of $2 trillion by the end of 2021.

Litecoin (LTC) Is Enhancing Mining

Litecoin (LTC) uses the same system as other digital currencies like Bitcoin (BTC) but has many more advantages. Inspired by BTC’s open-source software, Litecoin is powered by a different algorithm. 

Thanks to this algorithm, mining operations are carried out much easier. System requirements are kept to a minimum. Therefore, this great advantage in mining transactions significantly reduces the confirmation times of transactions and dramatically affects the delivery speed.

Litecoin mining can be done with ASIC devices and graphics cards, just like Bitcoin (BTC) and Ethereum (ETH).

It is especially productive for ASIC device mining operations. Therefore, they are known as the most popular products in the cryptocurrency market. The performance of video cards is slightly lower in mining. 

In other words, your profit rates with graphics cards (GPU) can decrease significantly. 

Mining of the LTC token is constantly getting harder due to the increase in the number of miners and the increase in processor capacity demand. 

This problematic situation applies to almost all cryptocurrencies. Since Litecoin is one of the first digital assets to appear, it is open to trading on almost all exchanges.

Both Supontis and Cardano offer platforms that could bridge the gap between traditional assets and cryptocurrencies. If you’re looking for a way to invest in cryptocurrency, these projects should be on your radar.

Presale: https://register.supontis.com 

Website: http://supontis.com/ 

Telegram: https://t.me/SupontisTokenOfficial 

Featured Image: unsplash.com

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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