Opinion pieces are based on the author’s personal opinion, and they do not constitute investment advice, financial advice, or trading advice. Securities.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult a financial advisor before making any investment decisions. The bear market has been going strong for over 10 months now, forcing crypto prices down. Historically, we know that it will have to end at some point, although when exactly it might happen is still unclear. When it does, however, the altcoin market will start seeing recovery, with some cryptos starting that recovery faster than others.
Today, we wanted to check out some of the projects that we believe might be among the first ones to break out once the market allows it. Note that not all of these might not necessarily live up to expectations, but after looking into them, we have found that they do have the potential to go big. With that said, nothing is ever certain in the crypto industry, so we suggest keeping an eye on them and only reacting if you personally believe that there is a chance for them to go big. 1. Persistence
The first on the list is Persistence. This is a project that enables exposure to multiple asset classes such as liquid staking, synthetics, and NFTs.The project’s goal is to create an ecosystem of multi-chain web three products designed to stimulate global liquidity and enable seamless value exchange.
Persistence is also working on additional projects such as developing interchain NFT and metadata standards as well as leading proof of stake networks and foundations. It is among the pioneers of the proof of stake industry, and it supports upcoming PoS networks using its validator arm AUIDT.
To learn more visit our Investing in Persistence guide. 2. Cardano
The next on the list is Cardano which has been one of the leading projects for years. It has now been almost a year since Cardano completed its second stage of development, also known as the Shelley Era. In doing so, it launched smart contracts on its network, which finally enabled the creation of a number of blockchain products such as dApps, DeFi protocols, NFTs, and much more.
However, immediately after Cardano launched smart contracts and its native token ADA got all of the additional functionalities — the bear market hit, and the coin’s price never got to see the rise that it was expected to see. Now, with a growing ecosystem, ADA is in a perfect position to skyrocket, assuming that the bear market will let go in the near future.
To learn more visit our Investing in Cardano guide. 3. Enjin Coin
In the third spot, we have Enjin Coin — a project of the company called Enjin, which offers an ecosystem of interconnected gaming products based on blockchain technology. Its main product is the Enjin Network, which functions as a social gaming platform through which users can create websites, clans, engage in chat, and even build their own virtual item stores. It is a perfect place for users to tokenize in-game items and offer them for sale.
The whole idea is to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.
To learn more visit our Investing in Enjin Coin guide. 4. Pluton
Moving on, we have Pluton — a project that insists on earning crypto rather than simply buying it. It offers its own Visa Debit Card that users can use for payments virtually anywhere, and as a result of using it, they earn rewards. The card offers up to 8% in crypto rewards, more than 20 different perks, and more.
It also has an app that tracks your rewards, so you can always know how much you have earned. The app also lets you deposit fiat currencies, make payments, and earn rewards which will make your crypto balance grow. In the end, it is a user-friendly way of earning crypto while spending money and a good way to enter the industry for new users.
To learn more visit our Investing in Pluton guide. 5. Enzyme
Enzyme is a platform powered by the MLN token, which empowers users to build and scale investment strategies of their choice. That can include anything, from discretionary and robo to ETFs and even entire market making. The project claims that its top priority is security and that its second generation smart contract-enforced platform is thoroughly tested and audited.
As for the platform’s functionalities, […]
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