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  • Saturday, November, 2022| Today's Market | Current Time: 03:24:30
  • 2021 was a landmark year for the cryptocurrency industry. In November, the price of one Bitcoin’s BTC token was approaching 70,000 dollars (a record), and the market capitalization of all cryptocurrencies had crossed the three trillion-dollar mark (also a record).

    Analysts were boldly predicting that Bitcoin’s valuation would cross 100,000 in the coming months. No one would have dared to imagine the crisis that would befall the cryptocurrency markets less than six months later.

    Even in their worst nightmares, they wouldn’t have seen the price of Bitcoin falling below 20,000 or the market cap losing 2 trillion in value. In most cases, an industry would fail to recover from such a dramatic downturn. The question we will ask is, how is the market doing in the aftermath of the drop?

    Avalanche (AVAX)

    Avalanche (AVAX) is the 14th biggest cryptocurrency with a market cap of just under 7 billion dollars and a token price of just under 30 dollars per AVAX; both values have been on a rise recently. In the same period, the volume of tokens traded has fallen 7% to 442 million.

    AVAX is a layer one blockchain platform for decentralized applications (dApps) and custom blockchain networks, regarded as one of Ethereum’s chief competitors. The makers of Avalanche are trying to unseat Ethereum as the most popular blockchain for smart contracts.

    The platform will support an output of up to 6,500 transactions per second without impacting scalability, which is possible due to Avalanche’s unique structure. The network has three distinct blockchains: X-Chain, C-Chain, and P-Chain.

    All three chains mentioned above have a specific objective, which is drastically different from how other tokens like Bitcoin (BTC) and Ethereum (ETH) function. The nodes authorize all transactions, and the Avalanche (AVAX) protocol uses different consensus mechanisms depending on use cases.

    Once the AVAX mainnet was unveiled in 2020, developers began working on a resident ecosystem of dApps and DeFi. Several Ethereum-based projects like SushiSwap and TrueUSD are compatible with Avalanche, and the platform will also introduce bridges in the future to improve blockchain interoperability.

    RoboApe (RBA)

    While Avalanche (AVAX) is an established cryptocurrency, RoboApe (RBA) is an emerging token. RoboApe aims to revolutionize the cryptocurrency space.

    RBA is an ERC-20 token based on Ethereum with minimal transaction fees. The makers of RoboApe plan to allocate a portion of the accumulated transaction fees to users’ wallets. RBA is a deflationary meme token, which means that part of the transaction fees will be withdrawn and tokens burned.

    Furthermore, RoboApe will function as a decentralized, community-based project without leadership assignment when it is launched. The system will ensure that equality will reign supreme.

    The RoboApe platform is developed to be a sustainable, long-term project that modifies existing cryptocurrency mechanisms. These changes are possible since RBA will remove team incentives and monetization models, ensuring that team members will not dominate token governance.

    A unique attribute of RoboApe (RBA) is RoboApe Academy, which is designed to give users a comprehensive and reliable source of information. The academy’s main objective is to deliver a tutorial on all things blockchain, cryptocurrency, DeFi, dApps, DAOs, and much more.

    The Academy will disseminate the latest cryptocurrency news, deliver researched articles and videos, and enable token holders to get certifications in exclusive courses. The feature will be routinely upgraded to keep up with emerging trends in the cryptocurrency space.

    Conclusion

    The numbers cited above show that the token price and market cap of Avalanche (AVAX) have increased, despite the ongoing crypto crash. A fascinating fact about the crash is that new tokens are introduced regularly. Hundreds of new cryptocurrencies have launched in the weeks since the crash took effect. All of this bodes well for RoboApe (RBA). There’s a big chance that the token will be a success.

    For more information on RoboApe check out this article and the links below

    Presale: https://ape.roboape.io/register

    Website: http://roboape.io/

    Telegram: https://t.me/ROBOAPE_OFFICIAL

    Twitter: https://twitter.com/ROBOAPE_TOKEN

    Instagram: https://www.instagram.com/roboapetoken

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