The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos Solana (SOL)

Bear Market VS. Bull Market: Paxos Standard, Stasis Euros Token And Mehracki Tokens

Bear Market VS. Bull Market: Paxos Standard, Stasis Euros Token And Mehracki Tokens
Share on FacebookShare on Twitter


Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

In recent months, there has been a lot of talk regarding the bull market vs the bear market. If you’re unfamiliar with the terminology, a bear market denotes declining stock prices and maybe a failing economy, whereas a bull market occurs when prices rise, indicating that the market is performing well. The 2022 crypto market has recently been in a bear market, with crypto values plummeting.

Many analysts believe that while the market is currently bearish, now is a good moment to buy at a low price before the market skyrockets again. In this article, we will look at some of the choicest cryptocurrencies to acquire during the bear market, including Paxos Standard (PAX), Stasis Euros Token (EURS), and Mehracki Tokens (MKI).

Paxos Standard (PAX)

Paxos Standard Token (PAX) is an ERC20 token backed entirely by US dollars. A minimum of one US dollar must be held in the Paxos bank accounts for every PAX transaction. PAX, like other stablecoins like the US Dollar Coin, aims to combine the US dollar’s long-established stability and trustworthiness with the advantages of a digital currency.

That is, it can be sent to everyone around the globe, at any time, at almost no cost, over the internet. PAX, like other Ethereum-based ERC20 tokens, can be used as programmable money in smart contracts and to interact with a variety of decentralized applications (dapps).

Payments, transfers, and trading across crypto assets are all possible with PAX. Since it is a stablecoin, it is mostly used in exchanges as a stable store of value, which implies that crypto investors will trade and hold PAX to reduce volatility in their cryptocurrency portfolio.

A new US dollar has to enter the Paxos system before PAX can be created. When a person submits one US dollar to Paxos, which is then transferred to a Paxos-regulated bank account, a new PAX token is created. When that individual wants their money back, they must swap it for one PAX, which is then taken out of circulation.

With this straightforward mechanism, there will always be one US dollar for every PAX in circulation. Since no PAX are pre-minted or manufactured before being purchased, the overall supply of PAX is entirely dependent on demand.

Stasis Euros Token (EURS)

STASIS is renowned as a cryptocurrency tokenization platform that allows investors to tokenize any financial asset. STASIS is backed by a collection of cryptocurrency dreamers, analysts, serial entrepreneurs, and asset managers who offer the stable coin a well-coordinated crypto platform. EURS, a stablecoin backed by the Euro, was just published by STASIS. The order volume is scheduled to exceed USD 500 million by the end of the year, making EURS the world’s first fully collateralized and proven stablecoin.

Frameworks are used in the STASIS ecosystem to blend the benefits of new digital assets with the best characteristics of conventional assets. The EURS token is a digital financial instrument designed to digitally copy the Euro, with the obvious caveat that its value is tied to the collateral. EURS is a cryptocurrency that secures transactions between wallets by utilizing the Ethereum blockchain. However, users do not need Ether to complete a transaction initiated through the STASIS wallet technology.

Mehracki Token (MKI)

Mehracki is the new meme coin on the cryptocurrency market. The Mehracki Token is a promising project option when compared to some other newer projects. This new cryptocurrency has several features that have drawn the attention of many crypto enthusiasts to it.

The goal of the developers of Mehracki is to build a cryptocurrency that has the potential to promote health and travel through blockchain technology. Users of the crypto platform will be able to travel without dealing with the hassle of currency conversion or intermediary costs that currently plague the travel and tourism sectors.

Users will also enjoy exclusive benefits from businesses. This new cryptocurrency operates on the Solana (SOL) network. This new cryptocurrency offers crypto enthusiasts and investors the opportunity to gain substantially if they purchase the cryptocurrency’s native coin, MKI, which is still in its presale stage. 

Check out the links below for more information:

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

Website: https://mehracki.io/

Telegram: https://t.me/Mehracki_Official



Read More:Bear Market VS. Bull Market: Paxos Standard, Stasis Euros Token And Mehracki Tokens

Tags: BearBullEurosMarketMehrackiPAXOSStandardSTASIStokenTokens
Previous Post

Ethereum Rival Tumbles As Hackers Drain About $100,000,000 From Its Crypto Bridge – The

Next Post

Coins to Strengthen Your Portfolio: Gnox (GNOX), Cardano (ADA), and Pancakeswap (CAKE) –

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post
Coins to Strengthen Your Portfolio: Gnox (GNOX), Cardano (ADA), and Pancakeswap (CAKE) –

Coins to Strengthen Your Portfolio: Gnox (GNOX), Cardano (ADA), and Pancakeswap (CAKE) –

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz