Social tokens have grown to be an important part of the crypto ecosystem. In this bear market, they have equally been affected by the crypto crash. Although their prices are currently low, historical data shows that projects with strong communities tend to perform above average.
It is therefore almost impossible for investors to overlook them when discussing cryptocurrency projects to watch this bear market. With prices currently at a discount, investors are looking to pick up a couple of these social tokens at bargain prices.
Investors should properly evaluate any social tokens before purchasing any tokens. As the bear market continues, it is important for investors to properly allocate capital and preserve their portfolios until the market sentiments turn. This is why it’s important to run all potential investments through thorough checks before allocating capital.
The three social tokens you should be watching in this bear market are: Floki Inu (FLOKI), GM Wagmi (GM), Dogeliens (DOGET). These three tokens show all the signs that they are bound to outperform the bear market. Want to know why you should be paying attention to these projects? Here is a brief summary of each.
Floki Inu (FLOKI) – Dogecoin Isn’t The Only Meme Dog In Town
Floki Inu (FLOKI) is a community token designed around a dog theme. The project is dubbed a “movement” by its devoted community. The FLOKI project is an offshoot from another successful dog themed social crypto token, Shiba Inu (SHIB).
Floki Inu is named after Elon Musk’s Shiba Inu dog of the same name according to popular crypto myth. Elon Musk who is one of the most popular crypto advocates online is also a fan of another popular dog themed community token project called: Dogecoin.
Floki Inu will provide utility to its community of users through three projects: A gaming metaverse called Valhalla, FlokiPlaces which is an NFT marketplace, and Floki Inuversity a crypto information platform for new crypto entrants to learn the intricacies of cryptocurrency.
Floki Inu has a die hard and devoted community of fans invested in the FLOKI token. FLOKI is one project investors should keep a close eye on.
GM Wagmi (GM) – Crypto Enthusiasts Band Together
GM Wagmi (GM) is a social token project which incorporates the crypto spirit of decentralization. GM means “Good Morning” while wagmi means “We Are All Gonna Make It” in crypto slang.
They are both very popular slangs among crypto community members on public forums. The infectious crypto spirit and its pull gave birth to a social token which aims to bring the crypto community together. GM Wagmi champions the crypto spirit and pushes participants to back a token towards a shared prosperous future.
The GM token calls itself a culture token and the first of its kind because it is deeply embroiled in the crypto culture. As a social token, GM has amassed an enormous amount of support from the crypto community. GM Wagmi is available on various exchanges for purchase, swaps and trades.
Dogeliens (DOGET) – Not Your Average Dog Token
Dogeliens (DOGET) is a dog themed crypto project that aims to build a host of utilities to power its community. It would incorporate various crypto elements such as DEFI, NFTs, and play-to-earn (P2e) mechanisms to create an inclusive community.
The Dogeliens project is built on the Binance Smart Chain (BSC). In addition, the DOGET token uses the BEP-20 token standard. Furthermore, Dogeliens would educate new crypto users through its Dogeliens academy.
Token holders can buy, sell, and trade the DOGET token with any other BEP-20 token of their choice. DOGET is both the utility and governance token of Dogeliens. Users with the DOGET token will become a part of its DAO which determines its future moving forward.
These decisions would include what charity causes the project would support using its treasury. The project holds a lot of potential in the social token space and it should be closely watched by investors.