Betting on Governance: The Assets Defying Crypto's Fall

Betting on Governance: The Assets Defying Crypto's Fall

The crypto market keeps falling and falling. Many are waiting for a reversal, but those expectations haven't been met. Today, we witnessed yet another bottom.

However, I noticed that some assets didn't follow the market's latest drop and actually performed quite well over the past 24 hours.

It's interesting to see what makes them resilient to the prevailing negative trend.

  • RAD (rose from $0.692 to $1.232) – the governance token of the decentralized Radworks network for code developers.
  • TORN (rose from $5.18 to $7.81) – the governance token of the Tornado Cash protocol, which ensures confidential transactions on the Ethereum network.
  • KONET (rose from $0.026 to $0.068) – a cryptocurrency with its own blockchain and decentralized governance.
  • RARE (rose from $0.07 to $0.145) – the governance token of the SuperRare platform, designed for decision-making within the digital art ecosystem on the Ethereum blockchain.

I see one common feature: all these assets provide the opportunity to participate in the governance of crypto projects.

It seems that during a market downturn, some investors are actively buying into governance rights for promising projects.

On rabbit.io, you can exchange governance tokens for many crypto projects. Perhaps now, while the prices are so low, it's worth considering acquiring some of them.