Right now, the crypto markets are bleeding, with many investors watching a large percentage of their portfolio go up in flames. Despite all this turmoil, quite a few tokens have shown promise in the bearish cycle. Right now, only projects with real-life use cases and building potential are showing some promise for regaining their bullish trajectory.
After extensive analysis, we’ve highlighted three tokens we believe you need to add to your portfolio if you don’t have them. Skeptical as to why we think these altcoins could get you in the green? Then, please stick with us as we walk you through these three altcoins Solana (SOL), Fantom (FTM) and Chronoly.io (CRNO)
Anatoly Yakovenko and Greg Fitzgerald launched the Solana blockchain network in 2017. They introduced their native token, Solana (SOL), in 2020, with a selling price of $0.79. Reaching an all-time high of $260 in 2021, this coin is far from that amount now ($42.86 at the time of writing). But why do we think you should add this token to your portfolio? Keep reading!
As we mentioned earlier, projects with building potential have the potential to go back into the green in the coming months. Solana is one of such projects. The network is widely considered the fastest in the cryptocurrency world, processing 2,700 transactions per second. This speed makes it viable for use in real-life transactions. Also, the transactions come with a low service fee (coughs in the Ethereum network!).
Apart from this, the network hosts various projects such as NFT marketplaces and many others. The versatility of this network makes it a good choice to invest in for the long term. While we can’t give an exact time frame and price, we’re rooting for the Solana network to get into the green soon.
Ahn Byung Ik created the Fantom (FTM) network in 2018. The Fantom (FTM)token reached an all-time high of $3.46 in 2021. This token is also far from its highest price, but we expect its scalability to push it higher.
Created as an alternative to Ethereum, this network uses a mechanism known as the Lachesis protocol. This protocol makes transactions super-fast and allows for building decentralized apps on the network. Its potential has seen Fantom collaborate with multiple projects such as Travala, Coti, V-ID, and many others. With the various moves the developers of this project are working on, this is an altcoin you can bank on for the future.
Ever imagined owning those nice luxury wristwatches? While the price of the actual watch might deter you, the Chronoly.io (CRNO) project has made it possible to own a piece of these wrist watches on the blockchain. However, it isn’t just about owning a virtual watch. All wristwatches are actually backed by real versions of the virtual version. The best part is that you can invest in this network for as low as $10. The potential of this new concept makes the project a very interesting one to invest in.
Many people are obviously in awe of Chronoly.io as the project appreciated by 560% in the presale stage. Once the presale is over, the token will get listed on Uniswap andPancakeSwap and analysts are eyeing a value of $1.00.
This project is the first of its kind in this blockchain space, which means its chances of doing well are quite high. It is advisable to buy this token before it dips to partake in the pump that will likely come from its initial demand.
Do Your Own Research
While we can only speculate based on what is happening in the various ecosystems of these tokens, nothing can be ascertained. Hence, doing additional research before putting a substantial amount into these tokens is vital.
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