Despite the harshness of the crypto winter 2022, if you’ve made it this far in the coin market without being REKT, take it as an indication of greater things coming. Ideally, a period of losses precedes a fruitful market but that may not be so if you don’t utilize opportunities effectively.
The second-half of the year is a new chance for you to get it right in the cryptocurrency market. You must have this mindset, to prevent your experience in the first half from impacting your decisions negatively. Take the lessons, stick to them, but don’t dwell on the losses.
In this article, we review three altcoins with the potential of doing 200x in the coming months. If you’ve been in the crypto market for long, you’ll know that the volatility of the market makes it possible to gain and lose by such a rate within hours. Ultimately, don’t forget the basic rules of doing your own research (DYOR), and only investing what you can afford to lose, because this is not financial advice (NFA).
SupertideFi (SPF), Aave (AAVE), and Stellar (XLM) are three altcoins we think have the prospect of doing 200x increase in price in the coming months. While Aave (AAVE) and Stellar (XLM) have been in the market for a while, SupertideFi (SPT) is a new cryptocurrency project billed to take over the Defi space after its launch.
We look into these altcoins in detail, below.
Here’s Why You Shouldn’t Sleep On Aave (AAVE)
Aave (Aave) is a decentralized digital platform with strong decentralized finance use cases. The protocol allows users to lend and borrow digital assets (Cryptocurrency) to earn rewards. During the peak of Defi in 2020, Aave boasts one of the biggest total value of locked digital assets in its ecosystem.
Lenders earn rewards by funding the platform’s specially created digital pools. Borrowers can take out flash loans from this liquidity pool, using their crypto as collateral. The Defi network provides users with multiple options by allowing lending and borrowing in about 20 cryptocurrencies.
It allows borrowers to alternate between fixed and variable loan interest rates, which allows users to make the best decision based on market conditions. Aave is the platform’s native token; it gives holders governing rights, and drives transactions on the platform. The platform also gives token holders discounts for transactions on the platform.
Aave (Aave) is one of the top Defi cryptocurrency on Coinmarket cap and boasts $700+ million market value. While the cryptocurrency has suffered major decline from its all-time high in the past months, it’s tipped to start making a steady progressive run once the coin market stabilises. If you’re a patient investor, it will make a good addition to your assets.
Stellar (XLM) Lives Up To Its Name
Stellar (XLM) token ranks among the top 30 on the CoinMarketcap in market capitalization despite being less than $1 currently. The cryptocurrency boasts over $2 billion market value, with a strong potential to finally cross the $1 mark if the coin market becomes favorable again. Stellar (XLM) sells at about $0.1 which is a great entry price for anyone thinking long-term.
The decentralized peer-to-peer (P2P) network launched with the aim of facilitating interaction between traditional and decentralized financial systems by providing a platform for financial institutions and payment providers to connect. Stellar aims to ensure secure funds transfer, at a minimal transaction cost.
Lumen is the native token of the platform and it facilitates transactions on the protocol. Stellar’s unique features and utility in the area of decentralized funds transfer across the globe gives lumen strong potential for adoption. Experts believe that with more improved features, the token can cross the $1 mark in months to come.
SupertideFi Is About To Make More Than Just A Splash
SupertideFi (SPT) is an highly anticipated Defi project that will hit the cryptocurrency market in 2022. Enthusiasts and analysts are already tipping the token to have a great run in the market due to its use cases, features, and the high rate of Defi adoption.
SupertideFi use cases range across cross-chain dApp development, multi-chain bridge for token swapping, provision of liquidity, insurance scheme, earn opportunities like yield farming, staking, governance permissibility, amongst others.
SPT is the platform’s native token and it will power the ecosystem while serving as transaction fees and utility token for any of these activities. It is set to go on presale soon, and investors are ready to leverage the low entry price with optimism of profitable return in months.
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Last Updated Sep 6, 2022, 7:28 PM IST