The beginning of a new year has inspired investors to look at the cryptocurrency world with a new perspective. They hope to see old coins/tokens functioning better in the global marketplace. They hope to see new coins/tokens making an entry, too. After all, it is fun to experiment and diversify their existing portfolios.
Regardless, they still require guidance from experienced experts about investing in the right digital assets. Knowing this, experts have picked out three tokens that promise healthy profitability in the coming months. Investors wishing to favor them may use the trading and investment platform, Market Value Of The Coin.
XEC
The digital currency is linked to Ecash. The digital asset came into being for a purpose. Amaury Sechet and his team developed it to operate as an electronic cash solution. Sechet refers to the team leader at Bitcoin Cash (BCH). Therefore, XEC refers to the rebranding of Bitcoin Cash ABC.
Back in November 2020, a fork occurred, creating two BCH coins from one. The separated coins were Bitcoin Cash ABC and Bitcoin Cash. Among the two, BCH is more suitable for optimizing payments. It is designed to do so.
The supply of XEC is surprisingly large. It stands at 21 trillion. The supply of Bitcoin, the King of Digital Currencies, is a million times lesser! Then again, other digital currency companies go in for burning of coins/tokens, to decrease supply. The team of developers at Ecash company has not opted to do so. Thus, the tokenomics of XEC are like BTC (Bitcoin)’s. In other words, there is no artificial manipulation of demand and supply, enabling organic and natural operations of the coin/token.
APE
APE is the digital asset, ApeCoin. Since it uses the Ethereum blockchain for its operations, it is an ERC-20 token. The team that brought it to the marketplace, is a well-known one – Bored Ape Yacht Club. This team was responsible for the excellent response awarded to the Club’s NFT collection. The sale of around 10,000 NFT drawings, each one a unique masterpiece, helped the company profit by millions of dollars.
It has helped that the Club’s clientele consists of globally-renowned celebrities. They include Justin Bieber, Eminem, Snoop Dogg, Jimmy Fallon, etc. They have eagerly promoted the NFT collection, even purchasing some pieces. This resulted in the value of the collection going up. The publicity was favorable to the launching of the APE coin. Users awaited it with both, skepticism, and excitement.
RENQ
The DeFi (decentralized finance) platform is commonly known as RenQ Finance. The platform wants to offer a revolutionary way of accessing financial services. Traditional institutions have their ways of offering such services. Here, a blockchain network comes into play.
This network is efficient, transparent, and secure. Therefore, users need not fear using it for monetary transactions. Thanks to RENQ, isolated blockchains may connect. This way, a cross-chain asset exchange network comes into existence. As for the DeFi ecosystem, it receives all the underlying support it needs.
RenQ Finance offers some advantages. One, it is unnecessary to set up a regulated central clearing house, with a central authority taking over. As a result, it becomes possible for everyone to access financial services from anywhere and everywhere across the globe. Furthermore, access is equally available to all. Two, users have complete control over their wealth, permanently. Three, users are welcome to directly access services, like margin trading, borrowing, and derivatives.
The fourth advantage is the availability of diverse decentralized protocols. They implement margin trades, derivatives, etc. They are grouped as crypto-asset-based financial products. Investors can experiment with their risk-management portfolio, and even speculate in new ways. These products enhance the underlying asset’s market efficiency. They do so by encouraging price discovery. Users may embolden themselves to express sharp and informed viewpoints on marketplace volatility and price.
The final benefit is the transparency associated with financial transactions. They go through on DeFi platforms. The payment settlements are in real-time. They become the main drivers of progress in the global marketplace. RENQ goes in for Smart Contracts, thereby offering a peer-to-peer financial services platform. If it could be called an advantage too, then RenQ Finance is giving away RENQ tokens worth $250,000. It is a celebration of progress!