Silvergate shrinks as investors choose to Hodl Ape Brigade, Casper and Zcash

New Delhi [India], May 16 (ANI/ATK): The crypto industry is not new to hopeful developments and devastating crashes, and this season is full of such events. Events such as the crypto-friendly Silvergate Bank's recent announcement of downsizing, dwindling further into its liquidation, reiterate the importance of more stable cryptocurrencies. So our team has rounded up a list of the best long-term crypto investments for this season, including Casper, Zcash, and the brand new
, which is soon to launch in the market. Read on to know it all!
Silvergate To Downsize
Silvergate Bank has announced that it will lay off 230 employees on May 12 as it winds down its operations. The remaining staff, numbering 80, will work to liquidate the bank and preserve the remaining value of its assets. Additional layoffs will take place on June 30, Aug. 30, and Nov. 30. The bank will spend $13.6 million on severance, retention bonuses, employee benefits, and job placements. Silvergate Bank had a bank run in March and announced its liquidation on March 8 due to apparent difficulties in filing its 10-K report. Numerous crypto companies had used Silvergate for transactions, but some had distanced themselves before or during the bank's collapse.
Ape Brigade-The Ape With A Big Heart

If there is one new crypto project that you should add to your portfolio, it's Ape Brigade (APES). They are running a one-of-a-kind presale and have attracted crazy attention from market participants. Taking a closer look at their features shows exactly why this simian meme coin is creating a rumble.
The Ape Team wants to impact the world positively. The coin aims to raise awareness and support for the conservation of wild animals, especially apes. Hence, they have reserved 10% of the total supply of the native tokens to be sent to charitable organizations that work for this cause.
Ape Brigade also has a lot in store for its community. Being an ERC-20 token, APES is technologically advanced and even has an NFT Space in development. Also, 20% of the total supply will be locked in a liquidity lock to provide liquidity and stability to the token.
Not only that, but Ape Brigade also has an incentivized staking system in place, which takes into account the number of APES staked and the time for which they were staked, to reward them with even more tokens. In fact, 15% of their supply is reserved exclusively for staking rewards. With such features, it suffices to say that Ape Brigade could be a meme coin that is here to stay.
Casper-The Future-Proof Blockchain
Casper is a blockchain platform that aims to resolve the issues of scalability and security in traditional proof-of-work blockchains by implementing the Casper Correct-by-Construction (CBC) consensus algorithm. This algorithm enables faster and more energy-efficient transaction processing. Casper also has sharding capabilities that enable parallel processing of transactions, and it supports smart contracts. CSPR is the platform's native cryptocurrency and is used for transaction fees, network services, and governance. Casper's emphasis on scalability, security, and efficiency makes it an attractive platform for decentralized applications and services.
Zcash-Private And Convenient
Zcash (ZEC) is a cryptocurrency that prioritizes privacy and security. It stands out from other cryptocurrencies by offering the ability to keep transaction information private through zero-knowledge proofs. Zcash also allows selective transparency, which means that users can choose to disclose certain transaction details for auditing purposes. The network is decentralized and transactions are validated through proof-of-work mining. Zcash aims to ensure scarcity and long-term value with a fixed supply of 21 million coins. Zcash can be traded on different cryptocurrency exchanges and can be stored in compatible wallets.
The Takeaway
Macroeconomic events like the downsizing of crypto-friendly banks will continue to impact the market, emphasizing the importance of investing in crypto projects that are less affected by market volatility. While Casper and Zcash have beneficial features, they do not seem to cater to wider groups of investors. Ape Brigade meets this requirement, as their roadmap is versatile along with the token offering similar benefits as the other cryptocurrencies. This is what makes APES a contender amongst the best long-term crypto investments this season.
Find Out More About Ape Brigade (APES)
Presale:

Website:

Telegram:

This story has been provided by ATK. ANI will not be responsible in any way for the content of this article. (ANI/ATK)