Beat The Bear Market With Ethereum (ETH), Parody (PARO), and Avalanche (AVAX)

Inflation is rife, Stagflation will come to life, but ETH always wins the fight

There is no asset that has survived the recent meltdown caused by reports of high inflation, and with stagflation likely to come, the bears are definitely occupying the current marketplace. Nevertheless, the adoption curve moving towards Web 3.0 has not slowed and while fluctuations in the market will always occur, Ethereum (ETH) is the bedrock behind the transition into the Metaverse and Web 3.0.

Many never thought they would see the day that Ethereum would hit $2000 again, let alone $1000, which it briefly broke below on some exchanges before a significant bounce. This is because Ethereum will remain the bedrock of the transition to Web 3.0, and while the network has its flaws, most notably the high gas fees associated with the network, this is merely a growing pain and something that is being addressed by layer-2 protocols to aid progression.

It is hard to critique a network for having an issue that by and large is caused by popularity itself, and that is growing so exponentially fast that even the developers, who are some of the most astute programmers in the world littering the solidity network, can't keep up.

Ethereum is one of the projects that will be here in 3, 5, 10, and likely many more years to come, and its current price is far below the utility value it offers to the market. While inflation could be here for some time to come, don't let that put you off investing in projects that in the long run will earn you handsome rewards.

Enter into the Paroverse    

Whilst Ethereum will always be a safe bet, particularly in a bear market, it is always frugal to look to diversify your portfolio across a range of start-up projects and altcoins. Enter Parody Coin (PARO), a protocol looking to bring about a whole new ecosystem to the world of NFTs.

Parody Coin looks to make the NFT ecosystem more meritocratic and totally revamp the way we use and interact with NFTs. What the protocol does is provide the ability to mint parodies of some of the most popular NFTs across the industry and allow other users to benefit from them to scale. This is most applicable when the NFT has a functional use case, allowing other users to benefit where previously accessibility prevented access.

Moreover, Parody Coin is also set to help provide a solution to an issue that has thwarted Ethereum in recent times with high gas fees that disincentivises traders. This is particularly common amongst your cheaper NFT-related content where the gas fee could be more expensive than the price of the NFT itself.

Parody's solution eliminates this problem by allowing users to mint a copy or parody of the NFT and burn the original, which then transforms the parody into the original. Now you have access to trade using Parody's cross-border and cross-asset NFT marketplace and can enjoy the low gas fees associated.

Parody Coin is currently in presale and you should check out their website or whitepaper if you are interested in learning more about the project. The presale ends on the 17^th of July and is already one of the top-performing NFT-based presale coins of the year.

Although in a bear market, Parody looks like a good hedge against inflation and an addition to your portfolio.

Get back up the mountain with Avalanche

A project that exploded across 2021 and is touted by many as the Solana killer is Avalanche (AVAX). Avalanche grew in popularity due to its lightning-fast network, reporting speeds that compete with Solana, and safety threshold of 80%, far superior to competitors Polkadot and Ethereum at 33 and 51% respectively.

Because of this, many tier one organisations have begun developing on the platform with names such as crypto custodian BitGo, crypto exchange giant Binance, and even Deloitte starting to experiment on the platform.

With strong fundamentals, many believe that Avalanche will be a staple of the crypto ecosystem for years to come and will be one of the key players in helping supply the demand that we are seeing from increased adoption.

With the markets in a lull due to reported inflation, now is a great time to invest in Avalanche and climb back up the mountain.

Parody Coin (PARO)

Presale: https://presale.parodycoin.io/register

Website: https://parodycoin.io/

Telegram: https://t.me/PARODYCOIN_OFFICIAL