• The world is still grappling with the COVID-19 pandemic, and experts have warned that another lockdown could be necessary if the situation worsens.
• If a lockdown happens, some cryptocurrencies such as Dogecoin (DOGE), RenQ Finance (RENQ) and Cardano (ADA) could see a surge in demand and value.
• This article explores why DOGE, RENQ, and ADA could be good investments in the event of another lockdown.
Dogecoin is a popular meme coin created in 2013 that has seen a surge in value due to Elon Musk’s tweet in 2021. Initially created as a joke, it became part of the crypto world but has been affected by its large token supply and lack of utility. Nonetheless, DOGE remains one of the top altcoins by market cap with a value of $9.9 million and could become an attractive option for people looking to invest during a new lockdown.
RenQ Finance (RENQ)
RenQ Finance is a decentralized finance platform that provides liquidity solutions for the crypto market through AI technology. It offers features such as staking, lending and borrowing which makes it an attractive option for those who want to invest during times of uncertainty like another potential lockdown.
Cardano is an open source blockchain platform designed to host financial applications built on smart contracts that can facilitate secure payments on multiple chains simultaneously. Its native cryptocurrency ADA has seen impressive growth since its launch in 2017, becoming one of the top 10 coins by market cap with a current price over $1 USD per coin making it attractive to investors during uncertain times like another potential lockdown period.
The potential for another global lockdown due to Covid-19 means digital assets may become more attractive than ever as they can provide stability when traditional markets are volatile or disrupted. Dogecoin (DOGE), RenQ Finance (RENQ), and Cardano (ADA) are just three possible investments that people may turn to during this time due to their popularity, accessibility or utility features respectively making them strong contenders for those looking at investing into digital assets right now or even after another potential lock down period.