The cryptocurrency market is more volatile now than ever, with top coins across the board recently suffering significant losses in what has been called the “crypto winter”. We are far from a total collapse, however, with the market staging a recovery in recent weeks and showing signs of optimism.
Regardless, the uncertainty of cryptocurrencies combined with the sheer volume of different tokens available makes choosing crypto difficult. Here’s a review of two tokens to consider when choosing a cryptocurrency for the long term; Dogeliens (DOGET) and Binance Coin (BNB).
BNB (BNB) Is A Top-Ranked Crypto Created By Binance Exchange
Binance Coin (BNB) was created by Binance exchange for use as a utility token on its Binance Smart Chain blockchain. The Binance Smart Chain is a smart contract platform for minting cryptocurrencies, NFTs, and creating smart contracts. According to CoinMarketCap, Binance Coin (BNB) has the fifth largest market capitalization out of all cryptocurrencies. DefiLlama lists it as the second-largest blockchain for decentralized finance (DeFi).
One of the reasons for the popularity of BNB (BNB) is its association with Binance. Binance is the largest cryptocurrency exchange in the world, and its platform is growing all the time. This benefits BNB (BNB) as it is used on the exchange to access trading discounts. The token can also be staked on the exchange, or staked in high-yield activities such as locked staking via Binance Earn.
BNB (BNB) also features deflationary mechanisms to help secure the supply and demand against market volatility by permanently removing tokens out of circulation, or “burning” them. A portion of all gas fees paid on Binance Smart Chain is sent to a burning wallet, before permanently being removed from circulation. The second method is the BNB burn events, which occur on a quarterly basis and the amount to be burned is calculated from the number of blocks generated in total and the price of BNB (BNB).
Dogeliens (DOGET) Adds Utility To The Meme Coin Space
Dogeliens (DOGET) is a BEP20 cryptocurrency launched on Binance Smart Chain as a utility token for the open-source Dogeliens platform. Like Dogecoin (DOGE) and Shiba Inu (SHIB) before it, Dogeliens (DOGET) is a meme coin, and what’s different about Dogeliens (DOGET) is the utility it adds to the crypto space and in the future, Dogeliens (DOGE) will be also be used for governance once the democratic voting system has been implemented.
One of the main features of Dogeliens (DOGET) is its play-to-earn gaming and NFTs integration. Any user who owns Dogeliens (DOGET) tokens can mint their own unique Dogelien NFT which can be used in the Pup Litter game, where players can battle their Dogeliens NFTs against one another in four-player matches. Dogeliens (DOGET) also has a charity initiative. Every month a charity will be selected, chosen by Dogeliens users through a voting mechanism, to receive a donation from the Dogeliens charity wallet.
To help increase the level of cryptocurrency education for everyone from newcomers to crypto experts, Dogeliens has established the Dogeliens Academy. The academy hosts thousands of hours of video content and articles for learning about blockchain and cryptocurrency.
Presale: https://ufo.dogeliens.io
Website: http://dogeliens.io/