Cryptocurrency

The Next Bull Cycle Will Potentially Pump Standout Protocols SmarterWorx (ARTX), Chainlink (LINK), And Axie Infinity (AXS)

Written By : IndustryTrends

Nearly all financial markets are characterized by bull and bear market sentiments, and the crypto market is no exception. Since the start of 2022, the bear market has showcased its powers by sending crypto prices to record lows before the onset of the last bull market. As a result, Bitcoin currently trades below $20k. As the markets prepare to kickstart the bull market next year, promising projects are set to perform exponentially well with the recovery. Axie Infinity, Chainlink, and SmarterWorx are what investors and whales have on their watch lists.

Chainlink and Axie Infinity

Chainlink is a decentralized ledger that connects interoperable intelligent contracts. The project was founded in 2017 to allow different blockchains to interact securely in an open-source environment. The project brings together a large group of individuals, including data providers, node operators, smart contract devs, and auditors, to mention but a few. The native token of the ecosystem is LINK.

Axie Infinity is a blockchain and NFT-based game developed by a Vietnamese-based studio dubbed Sky Mavis. The game is renowned for its inbuilt, self-sustaining economy on Ethereum, the most prominent open-source smart contracting platform in the entire crypto arena. The native token in the game's economy is AXS.

SmarterWorx will outshine LINK and AXS

SmarterWorx is a one-of-a-kind project to bring decentralization to the art world. Art has been an asset class only available to wealthy individuals for the longest time. The DeFi protocol plans to disrupt this by establishing a treasury fund where retail investors can own stakes in exclusive art pieces. The ecosystem has minted its governing token, ARTX, which is currently on presale.

After the official debut, SmarterWorx will develop its ecosystem, including launching on DEXs such as Uniswap, listing on CoinMarketCap and CoinGecko, and launching an NFT Marketplace. For a start, funds raised from ARTX sales will be used to develop an art portfolio that will back the token's underlying value. This will make ARTX prices semi-immune to intense market volatility experienced by non-backed crypto assets such as Bitcoin, LINK, and AXS.

Before purchasing any art piece, a selection of research and curation experts will carefully scrutinize each piece to ensure the art is purchased for a bargain. The portfolio will be diverse, including paintings and sculptures. After the purchases are made, the collection will be secured by Courtyard.io, a close partner with SmarterWorx.

 Courtyard.io will also be responsible for minting the art pieces on the blockchain network to produce digital replicas of the purchased art. Tokenizing these art pieces will massively increase their value making ARTX tokens appreciated simultaneously.

The DeFi Protocol shows massive potential to reward investors in the long run with capital gains and regular airdrops for ARTX holders. This is a project worth looking at for the next bull market.

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