Cyprus Mail
BusinessCryptocurrencies / FXSponsored Content

Why Degrain (DGRN) is likely to overtake Polkadot (DOT) and Polygon (MATIC)

capture

Blockchain technology has grown immensely popular over the last few years, and whilst blockchain technology has advanced, it is still in its infancy. Developers work hard every day to bring new developments to the blockchain space with new tokens, new use cases, and other avenues for blockchain utility.

However, despite the abundance of utility in the blockchain space, there remains work to be done on cross-blockchain compatibility. In blockchain terms, this is called interoperability, and many blockchain networks still struggle with creating products that possess this capability. Degrain, an exciting upcoming NFT protocol is creating a cross-chain trading platform and has just launched its presale.

Plokadot (DOT): The Shortcomings of Polkadot and Polygon

Polkadot (DOT) and Polygon (MATIC) are two established blockchain networks that are working hard at interoperability between networks. Tokens, NFTs, and other types of assets and data that have been built on Polkadot and MATIC can be transferred across to other blockchain networks to be stored, traded, or converted.

However, the current bear market has set both Polkadot and Polygon (MATIC) back in their growth journey. Within the last 24 hours, MATIC has seen a 17% price fall in its value and shows no signs of recovery so far. Analysts have labeled MATIC’s current trajectory as a signal of “hard times to come” for the Polygon network, and this reality appears to be a continued threat.

Polkadot (DOT) has not fared much better either. In the last seven days, it has shed 14% of its value. Despite the unveiling of Polkadot Governance V2, the network has still continued to slip, dipping by about 8% in the last day and a half.

 Degrain – Why analysts are predicting a 4,000% rise

Degrain will be a unique NFT protocol with interoperability capabilities as never seen before. It will operate a cross-chain NFT trading platform with a community-driven approach. Degrain also runs on Ethereum, the most popular and most established blockchain network in the world. This gives Degrain a higher level of stability than competitor marketplaces built on other platforms.

Degrain’s ability to integrate seamlessly with other blockchain networks gives it a major advantage and makes it more appealing to investors. Degrain has already erased any doubts about its success following the hugely successful launch of its presale ICO event which is still ongoing. The project sold at an alarming rate on July 4th, with 25 million Degrain tokens going off the shelves in less than two minutes. The readiness with which investors have pursued this utility token has caused crypto experts to predict a 4,000% increase in the market value of Degrain by September 4th when the presale officially ends.

DGRN is not just a utility token, it will be a versatile powerhouse. It plans to work with real-world companies to realize the full potential of NFTs and redistribute these revenues to token stakes. As some experts have said, “Degrain is more than just an NFT platform; it is the future of NFTs.”

Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio

 

 


DISCLAIMER – “Views Expressed DisclaimerViews and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more


 

Follow the Cyprus Mail on Google News

Related Posts

Proven methods for regaining your mane

CM Guest Columnist

Cyprus inflation up by 2.1 per cent in April

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

De-dollarisation is all about de-risking

CM Guest Columnist

AI’s use in finance may need new rules, ECB says

Reuters News Service

Row over Vasiliko terminal deepens

Jean Christou