RoboApe (RBA), Ethereum (ETH), and Shiba Inu (SHIB) will survive The Bear Market
22 Jun 2022
Although the bear market feels like a dead-end, in reality, it is a window of opportunities that, if exploited correctly, will considerably increase your portfolio. Think of it as a transition period or preliminary step before the market returns to the good-old green charts. But what projects will cease to exist, and what will only come back stronger than ever? This is what we are about to find out.
Crypto Flock Love Them Apes
RoboApe (RBA) is a novel project that utilises concepts like DeFi and DAO to accomplish what was impossible before through a unique approach that the project employs. It is a community-driven entertainment ecosystem providing vast opportunities for generating finances, earning rewards and participating in developing the project's DAO (decentralised autonomous organisation) to encourage its ecosystem and its users' joint economic growth.
RoboApe is ERC-20, a meme token built on the Ethereum blockchain. Unlike its predecessors, DogeCoin, this meme coin will provide exceptional utility to its users by exploring novel experiences or services centred on meme culture unavailable on centralized alternatives.
One of the central goals of RoboApe is to elevate the legacy of DAO designs, where the solution to the problem is to empower developers to work with the community for cooperation and growth rather than unilateral economic enrichment.
As part of this process, RoboApe established its academy to promote world-class education in crypto and blockchain, teaching the nuances of decentralised finances, principles of DAO governance and more.
RoboApe's ecosystem is not limited to a specific field of crypto, stretching from implementing DEX, NFT marketplace, gaming options and DeFi services. The platform's native token (RBA) is at the heart of this ecosystem, allowing its HODLers to buy, sell, lend, borrow, transfer, mint, and stake this token for profits.
If you are tired of generic copycat meme coins that lack real-world utility and other applicable features, RBA is a meme coin that deserves your attention. The bear market is temporary, but fundamental and all-encompassing projects like RoboApe are here to stay.
The Industry's Backbone
Many believe that because Bitcoin was the first to test crypto waters, this coin will always reign supreme. And while it is a valid assumption, it is also true that its range of applications is more limited than what Ethereum(ETH) offers.
Ethereum is the second-biggest cryptocurrency and a blockchain-powered platform for creating decentralised applications (dApps). ETH is the cryptocurrency Ethereum employs to build and maintain its network capabilities; think of it as a gas fuel that fills your car's tank.
While Bitcoin is designed as a currency and a store of value, Ethereum represents a decentralised network to run smart contracts— a piece of code that runs on a peer-to-peer network and is verified by Ethereum's blockchain.
What makes Ethereum (ETH) unique is that it allows developers to build dApps or 'decentralised applications', ranging from minting NFTs to numerous DeFi features; you can even develop your currency on top of the Ethereum blockchain.
Since it is such an integral part of the crypto industry nearly on every front, there is little doubt that it will not prevail. Buy the dip, folks, while you can.
Elon's Favourite Pet Project
Source: The Economic Times.
Another example of a decentralised project that will survive the crypto winter isShiba Inu (SHIB). Since its inception in August of 2020, SHIB has skyrocketed from its low of $0.000000000056 in November 2020 to an all-time high of $0.00008616 in October 2021. An astonishing increase of over 150 million percent - a wild ride for a coin that came out of nowhere.
Like RoboApe coin, SHIB is an ERC-20 token powered by the Ethereum blockchain and a meme asset inspired by Elon Musk's pet dog, around which communities of enthusiasts have formed ever since.
The coin has many supporters, like the co-founder of Ethereum, Vitalik Buterin, the CEO of Tesla and SpaceX, Elon Musk and a billionaire entrepreneur Mark Cuban. Considering that the SHIB primary utility is derived from the loyal community around it, with such venerable patrons, it will not get lost in the harsh environment of the bear market.
It is safe to assume that Ethereum and projects built on its blockchain will prevail against all odds. How ETH is intertwined with many different projects across various blockchains exemplifies the extent of its influence across the industry. RoboApe and Shiba Inu believe in Ethereum (ETH), and so should you.