ARTICLE AD BOX
The post Million Dollar Opportunity: 3 Tokens Chasing $ BTC’s $47K Rally to Go 10X in Coming Bull Run appeared first on Coinpedia Fintech News
The price of Bitcoin ($BTC) has successfully surpassed the critical barrier of $45K, now trading at $47K. This leading digital currency experienced a surge of over 10% in the past week. Analysts and industry experts view this upward trend of $BTC as a preparatory phase leading up to the halving event. With Bitcoin spearheading the movement, other significant cryptocurrencies throughout the market are also on the rise, propelling the global cryptocurrency market value to reach $1.76 trillion.
As seen in the last bull run of 2021, the crypto market gave opportunities to so many investors to make their fortune and make million-dollar gains over their investments. Make sure that this was a one-time instance. If steps are taken right, the upcoming rally, probably in 2024, will have more such opportunities. However, the clock is ticking, and the more the next bull run will come close, the more difficult it will be to pick the right assets for your portfolio.
The classic good-old advice of “never put all your eggs in one basket” characterizes well when choosing cryptocurrencies to invest in. One must choose the correct set of assets. It is challenging to identify the ‘hidden gem’ given that Bitcoin ($BTC) hit an all-time high of $69K trading price, which was worth a few pennies once. Many leading cryptocurrencies that we see today have been through the same path, including XRP ($XRP), Cardano ($ADA), and Solana ($SOL), among others.
Though these cryptocurrencies made a fortune for their holders by turning billions of dollars worth today, many contemporary tokens have vanished. Investing in projects at the earliest comes with the risk of either making tremendous returns or losing everything. But if done right and market trends recognized correctly, one can easily navigate through the cluster of craps and reach the treasure.
In the past couple of months, some sectors within the cryptocurrency space are getting more limelight. There have been discussions around utility, tokenization, scalability, etc. The projects within these sectors have the potential to outshine other sectors, leveraging the current sentiment. For instance, many prominent leaders recognized the potential tokenization of real-world assets (RWAs). The tokenized asset space is expected to hit $16 trillion by 2023, proving that the trend has a huge growth potential.
Considering the ongoing conversations around the crypto space, the following tokens would be leading their native sectors and, hence, will be able to turn this into 10X growth.
Landshare ($LAND)
With blockchain technology’s increasing capabilities, tokenizing tangible financial assets is possible. Tokenization, being the popular trend within the crypto landscape, gives Landshare an advantage over the others.
Landshare ($LAND) specializes in tokenizing real estate assets, streamlining property investments throughout the United States, and offering annual percentage yields (APY). In line with standard tokenization practices, the Landshare RWA (LSRWA) token signifies ownership of real estate assets on the blockchain.
Owners of these RWA tokens share ownership in specific property units. Each RWA token directly correlates to a Landshare real estate unit on a 1:1 basis. For example, owning 100,000 RWA tokens equates to owning $100,000 in property value.
The $LAND token is Landshare’s proprietary utility token, facilitating transactions and exchanges on its platform. Landshare has successfully sold three tokenized real estate properties via blockchain, a feat its rivals still need to achieve. Despite this, its market capitalization remains lower than its competitors, with the $LAND token’s market value at $5 million, indicating that the project might be underappreciated.
$LAND token is trading at $1.2 following a slight negligible 0.5% decrease in the past 24 hours. The token however has shown resilience in the past year surging nearly 100% year over year. Since tokenization is getting traction not only in crypto but in the traditional finance space, $LAND token has left room to expand tremendously. The all time high of the token stands at $12, even if the token attains the previous ATH in the coming bull run, $LAND could make a 10X growth.
Uniswap ($UNI)
Crypto exchanges are the backbone of the crypto industry and the turmoil seen with the biggest crypto exchanges in the past couple of years, the sentiment towards the decentralized exchanges (DEXs) is more positive than ever. This represents an opportunity for DEX Uniswap.
Uniswap ($UNI) is a leading decentralized finance (DeFi) protocol that enables users to trade cryptocurrencies without the need for a traditional centralized exchange. It operates on the Ethereum blockchain, using an automated liquidity protocol to facilitate trades directly between users. The core of Uniswap’s functionality is its use of liquidity pools, where users can contribute their assets to collective pools and earn trading fees in return, based on the amount of liquidity they provide.
The native utility token of Uniswap is $UNI. It serves several key functions within the ecosystem. $UNI holders have governance rights, allowing them to vote on key protocol decisions, such as upgrades and changes to how fees are distributed within the system.
$UNI can be staked in specific liquidity pools to earn rewards and is used to incentivize participation in the protocol. This makes $UNI not just a token with speculative value but an integral part of maintaining and governing the Uniswap protocol’s decentralized and community-driven nature.
$UNI token is trading at $6.2 following an over 3% increase in the last 24 hours. The DEX native token broadly consolidated throughout the recovery phase during the year, losing 8% of its value in the meantime. However, the coming crypto rally could be promising for the $UNI token given Uniswap’s leading position across the crypto ecosystem. The community believes the token to surge beyond the previous high of $44—indicating an 800% growth.
Arbitrum ($ARB)
The burden on blockchain technology is only going to increase given the new use cases emerging every now and then. Scaling solutions come super handy for blockchain to avoid congestion and keep the operations smooth and efficient. Scalability as a concept is picking up the pace and Arbitrum has an opportunity to align with the growth.
Arbitrum ($ARB) is a layer 2 scaling solution for Ethereum, designed to improve its scalability and efficiency by handling transactions off the main Ethereum chain. By processing transactions off-chain and then submitting them to Ethereum in batches, Arbitrum enables a more efficient use of resources, significantly reducing congestion and gas costs for users.
$ARB token plays a crucial role in the Arbitrum ecosystem, serving multiple utilities. It is primarily used for governance, allowing token holders to vote on key decisions and proposals that influence the development and operational aspects of the Arbitrum network. This ensures a decentralized and community-driven approach to managing the network’s future.
Additionally the token may be used for staking, contributing to the security and integrity of the network by incentivizing participants to act in the best interest of the ecosystem. Furthermore, $ARB can facilitate transaction fee payments within the Arbitrum network, providing a seamless and efficient mechanism for users to interact with decentralized applications (dApps) and services built on Arbitrum.
Currently $ARB token is trading at $1.83 following a 4% surge in the last 24 hours. The token suffered the harsh crypto winter and continued its downtrend even during the last year’s recovery phase. With the next crypto rally over the horizon, $ARB token is set to reclaim the position it deserves being the leading contender in the scalability domain.