Chiliz, Near Protocol, and Proprivex Token (PPX)- Top 3 Cryptocurrencies You Should Consider Following in the Bear Market

The all-time highs of cryptocurrencies in 2021 seem like a distant memory as major crypto assets lost value following the 2022 crypto collapse, which ended their historic bullish trend. However, as investors have been steering clear of riskier assets, cryptocurrency has been hammered particularly hard. Additionally, institutions and other major players in the space that made investments close to the market’s peak are under pressure due to the recent crypto crash.

Investing in cryptocurrencies comes with its own risks, just like any other investment. However, we’ve put together three crypto projects worth considering following the bear market. Chiliz (CHZ), Near Protocol (NEAR), and the latest project, Proprivex Token (PPX), have features that make them worthy of consideration.

Chiliz (CHZ) – Bringin Sports Fans Together

Alexandre Dreyfus, the CEO and creator of Socios created Chiliz in 2018 to bring together sports fans and their preferred teams. Socios developed the Chiliz network and Socios platform after raising $66 million in a private placement fundraising round headed by Jump Trading. As part of a significant partnership with Juventus, Socios launched its platform in 2019, enabling users to exchange CHZ for JUV tokens. Since then, Socios has collaborated with several champions league soccer teams, including FC Barcelona.

The Chiliz (CHZ) network is connected to a secondary sidechain or blockchain used by the fan token platform. Sports organizations can decide to put up their sidechain and tailor the number of fan tokens they want to circulate. The Chiliz network charges transaction fees to teams who choose to issue fan tokens. The native cryptocurrency of the Chiliz network is CHZ, enabling users to buy Fan Tokens on Socios.com. The token was initially released as an Ethereum-based ERC-20 token. Still, after entering into a strategic collaboration with Binance, it also started offering Binance Smart Chain BEP-2 versions of the token.

Near Protocol (NEAR) – The Community-led Token

The NEAR Protocol (NEAR) was designed as a community-run cloud computing platform and featured a public Proof-of-Stake (PoS) blockchain with smart contract functionality. NEAR, created by the NEAR Collective, aims to compete with Ethereum and other top smart contract-enabled blockchains like EOS and Polkadot by being built to host decentralized applications (dApps). The native token of Near Protocol, also known as NEAR, is used to cover transaction and storage costs. Token owners who take part in reaching network consensus by acting as transaction validators may also stake NEAR tokens.

Near Protocol aims to provide a platform that is both user and developer friendly. Near Protocol has included features like enabling new users to connect with dApps and smart contracts without ever needing to create a wallet to fulfill this aim. As well as the option to develop human-readable account names rather than just cryptographic wallet addresses. Mintbase, a non-fungible token(NFT) minting platform, and Flux, a protocol that enables developers to build markets based on assets, commodities, real-world events, and more, are examples of projects based on the Near Protocol.

What Is Proprivex Token (PPX)?

Proprivex Token (PPX) is a platform for trading and managing portfolios focused on digital assets and currencies. Usually, traditional financial assets are managed differently from

digital assets based on laid-down standards. Also, the markets, risks, volatility, and security hazards are all completely different since the bulk of their features varies. The crypto project aims to make it easier for crypto investors to manage multiple portfolios from a single location. Proprivex Token aims to make blockchain accessible to all users with ease and comfort.

Proprivex Token is constructing an intuitive ecosystem to alter public perceptions of blockchain technology and digital assets. Because of the ecosystem’s efficient and safe capabilities, various crypto assets can be traded, staked, managed, and fully secured. Previously, specific self-acclaimed individuals and organizations have promised to help crypto investors manage their portfolios effectively, all to no avail.