When the value of Bitcoin (BTC) crashed, it triggered a domino effect on other cryptocurrencies in the markets; many people were curious as to what had caused such a dramatic decline in the value of cryptocurrencies.
There may be a link between the consumer price index (CPI) and the market crash. In response to the latest US Consumer Price Index (CPI) release, which showed CPI stats hit 8.6%, its highest point in 40 years, the value of Bitcoin (BTC ) dropped. This marked the peak of inflation before falling 0.2% in April. This is an important indicator that inflation could worsen in the months and years ahead.
In anticipation of the coming economic turmoil and anticipated recession, here are three crypto projects to consider storing your assets: Adirize DAO (ADI), Algorand (ALGO), and Solana (SOL).
Adirizie DAO (ADI) – The New Stablecoin
The ADI token, issued by the Adirize DAO, is the new reserve coin of the m ecosystem. It is a decentralized system with the dual purpose of helping to expand the decentralized finance (DeFi) industry and solving some of the problems that have plagued it so far. After extensive study, the team chose to introduce a new token, $ADI, to the cryptocurrency market to meet the need for a decentralized protocol.
With this in mind, Adirize DAO (ADI) was developed as a stablecoin. Most stablecoins have their value “pegged” to a major currency like the US dollar or the euro. Although this may seem acceptable at first glance, most people do not take into account the effects of inflation and currency devaluation on these currencies, especially the US dollar.
The consequence of these attachments to fiat currencies opens up an avenue of attack for these stablecoins if the value of fiat drops massively. Adirize DAO responds by issuing its token and backing it with a stock of other cryptocurrencies rather than backing it with a fiat reserve like its counterparts, USDT and USDC, have done. Adirize DAO (ADI) owns these assets which will serve as its reserve and does not simply borrow access to them.
The adirize DAO (ADI) project is in presale, and this window offers enticing advantages for the first users before the launch. Purchases of ADI tokens with Ethereum attract a 12% bonus. Also, fiat purchases up to $2,500 will guarantee an additional 10% bonus.
Algorand (ALGO) – Execute transactions in a fraction of a second
Algorand (ALGO) is a decentralized system built on blockchain technology and offers a wide variety of applications. It was originally created in 2017 by Silvio Micali. The overall goal of the Algorand (ALGO) protocol is to facilitate the development of real-world systems that are scalable, secure, and distributed at the same time. The protocol is based on a 100% Proof of Stake (PoS) system.
With an execution target of over 1,000 transactions per second (TPS), Algorand is designed to be a payment-centric network with lightning-fast transactions and a focus on achieving near-instant completeness in is about processing power and flash-like speeds.
Given its robust throughput capability and fairly incentivized community, Algorand can meet the high throughput needs of widespread usage around the world and can be applied to a variety of use cases.
This investment vehicle is destined for new heights of creativity and expansion. The one you should keep an eye out for sure.
Solana (SOL) – A Better Than Ethereum (ETH)
Yet, on Proof of Stake consensus, Solana (SOL) is one of the pioneer users of this system. It felt like Solana (SOL) was almost made just to improve Ethereum (ETH) performance and bottom line.
Solana (SOL) is fully functional and can install smart contracts and run decentralized applications, much like Ethereum. While Ethereum (ETH) may have a larger market capitalization, Solana is the superior platform. The staking mechanism is more rewarding, faster, relatively inexpensive and more environmentally friendly in terms of energy expenditure.
Solana (SOL) is a blockchain system designed to compete with Ethereum, and it did. Solana (SOL) is one of the most widely used blockchains having rapidly gained popularity right after its inception. If you want to be prepared for the incoming recession, you should consider locking your asset in its native coin, SOL, which is traded on all major exchanges around the world.
The general slowdown in economic activity could drag on. The flaws of fiat money are becoming increasingly evident as inflation reaches all-time highs. Cryptocurrencies are not just a store of value; they are a store of excess value. Crypto is the alternative to the jack-up currency system, and it has provided us with an option to buy into a future where we can hold our heads up high in a world of declining trust in the fiat system.
Take a leap and start your mission to save your assets from being flooded by the crumbling economy.
For more information about Adirize DAO (ADI), please visit:
Website : https://adirize.com/