• The world is still grappling with the COVID-19 pandemic, and experts have warned that another lockdown may be necessary if the situation worsens.
• If that happens, some cryptocurrencies could see a surge in demand and value as people turn to digital assets for a store of value and means of exchange.
• This article explores why Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA) could be good investments in the event of another lockdown.
Dogecoin is a popular meme coin created in 2013 which saw a sudden surge in value after Elon Musk’s tweet in 2021 reaching $0.73 per DOGE. Initially created as a joke, DOGE has become popular for international transfers and currently holds a market cap of $9.9 million. In the event of another lockdown, its popularity and accessibility could make it an attractive investment option for those seeking entertainment or potential profit.
RenQ Finance (RENQ)
RenQ Finance is a decentralized finance platform that provides liquidity solutions for the crypto market using advanced AI technology to give users the best possible price for their assets. Features such as staking, lending, and borrowing are also available on RenQ Finance’s platform, making it an appealing investment option for those looking to diversify their portfolio in case of another lockdown.
Cardano is an open source blockchain platform launched in 2017 which features smart contracts functionality and uses ADA as its native cryptocurrency token. It has been gaining attention due to its focus on scalability, sustainability, interoperability, security, and governance features – making it advantageous when compared to other DeFi projects already out there on the market today. In case of another lockdown scenario where digital assets gain prominence over traditional financial systems ADA could prove to be one of the most lucrative investments available at this time due to its impressive featureset compared to other competitors out there right now.
The current global situation remains uncertain but if another wave or lockdown occurs then cryptocurrencies such as Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA) can provide investors with viable options when deciding how best to protect their wealth or generate more income during these difficult times ahead. With all three coins offering different advantages depending on user preference they can each offer something unique which investors should consider when making their decisions about which crypto asset they should invest into during this period of increased volatility