Investment opportunities abound in the digital currency space. These opportunities include Staking, Futures Trading, Spot Trading, Margin Trading, to name a few. All of these opportunities offer crypto traders a chance to increase their investments and generate extra income.It is imperative to point out that the success of any crypto investment depends on what type of digital assets are chosen by the trader. Therefore, the guide aims to provide traders with a list of top cryptocurrencies to consider when making investment decisions. Additionally, this guide will discuss some of the unique features associated with each cryptocurrency on our list. As a final step, we will forecast the likely growth of these digital currencies in the coming months.
Exchange Tokens
First on our list of top crypto assets are Binance Coin (BNB) and FTT token, two of the best exchange tokens crypto traders should invest in. let us review each of these exchange assets.
Binance Coin (BNB)
Binance Coin is the native cryptocurrency on the Binance exchange, and the token’s ticker symbol is BNB. Officially launched in July 2017, BNB has experienced immense growth within a short space of time. Currently, this token has a market cap worth over $78 billion. Additionally, BNB is on 863,828 watchlists, according to the Coinmarketcap.The growth of the Binance Coin can be attributed primarily to the large volume of crypto traders who use the Binance exchange. Currently, the Binance exchange is the largest crypto exchange in the world in terms of users. As a result, the platform handles over 1.4 million transactions per second.Since its launch in 2017, the Binance token has seen tremendous increases in its price value. Users can expect to see more growth in price value with the more mainstream adoption of cryptocurrencies worldwide. The chart below shows the rapid rise in Binance Coin value during the year 2021.
At the start of 2021, BNB went on a massive bull run, with coin price moving from $40 on February 1, 2021, to $697 by May 1, 2021. At the time of writing this article, the coin price is $466.57. By our estimation, we expect to see more increases in the price value of BNB over an extended period. As a result, crypto traders should consider buying this token and holding it in the long term.
FTT Token (FTT)
The FTT token (FTT) is the native digital asset attached to the FTX exchange. As a result, the token is used for handling transaction fees on the FTX exchange. Although this token has a max supply of 345 million tokens, only 94,346,957.52 FTT coins are in circulation.
The FTX team launched the FTT token on May 8, 2019. Before its launch, the FTT token was designed to reflect positive network effects from the FTX exchange. Thus, the value of the token will increase as more users access the FTX exchange.
Additionally, incentives like trading fee rebates and discounts are offered to holders of the FTT token. Additionally, FTT holders receive weekly airdrops of the SRM token, a native coin for the Serum DEX platform. The purpose of these actions is to encourage traders to invest more in the coin, and the effects can be seen in the tremendous growth of the token. The growth of the token can be seen in the FTT chart below.
At the start of 2021, FTT token price stood at $6 per token. However, the token price increased significantly during the crypto bull run of 2021, and the token price eventually reached an all-time high of $63.08. Due to the unique nature of the FTX exchange, we predict more growth in the price of the FTT token in the future.
Defi Tokens
Decentralized tokens are crypto tokens that are attached to defi projects. There are numerous defi tokens available today. However, this section will focus on some of the best decentralized coins worth investing in.
Solana (SOL)
Launched in March 2020, Solana is a native currency associated with the Solana blockchain. The devs team for the Solana blockchain built it to power defi projects, smart contracts, and decentralized applications.
One unique feature of the Solana project is that the blockchain makes use of a special proof-of-history and proof of stake systems. The benefit of this system is that it offers fast and secure transactions for users.The SOL token is used to power the Solana and charge transaction fees on the blockchain. During its launch in 2020, the SOL token initial coin price was $0.77. From its initial coin price, Solana has seen a significant increase in its price value. As of August 30, 2021, Solana reached an all-time high, with coin prices hitting $130. Currently, the coin price is $111.03. However, we expect to see more growth in the Solana project and a corresponding increase in the value of the SOL token.
Pancakeswap (CAKE)
The Cake token is another excellent decentralized token that can experience massive growth within the coming months and years. This token is the native token for the Pancakeswap automated market maker (AMM) and decentralized application (dApp). Pancakeswap uses the Cake token to provide liquidity for its dex platform.
Cake has a maximum supply of 216 million tokens. Additionally, the token has a market cap worth approximately $4.8 billion and is currently on 321,995 watchlists. All of this growth in coin price is down to the popularity of the Pancake platform.At its launch in 2020, the Cake token had an initial coin price of $0.2. However, with an increase in users on this Defi platform, the Cake coin price has grown significantly in value. As of 26 April 2021, the Cake taken price hit a $47 all-time high. Currently, the token’s price is $22.27.
Coin98 Token (C98)
The Coin98 ecosystem is a new crypto decentralized exchange and Defi liquidity aggregator that offers traders convenient cross-chain token swaps, staking, and yield farming. Additionally, this dex platform supports Defi lending and borrowing.The Coin98 token serves as the native coin for the Coin98 ecosystem and is used to carry out five major functions on this Defi platform. These functions include transaction fees, governance, staking, and product development.
The token was officially listed on the Binance launchpad on 23 July 2021 and had an initial coin price of $0.75. However, the coin has seen positive movement in its price value and reached an $8.69 all-time high. At the time of writing this article, the token coin price is $4.25. Investors looking to purchase this token can find it on Ethereum, Binance Smart Chain (BSC), and Solana platforms.
Non-Fungible Token
NFT’s has gained immense popularity among crypto traders in recent months. Many crypto traders now view them as investment opportunities. As a result, this section will look at one of the best NFT tokens available in the crypto space presently.
Axie Infinity Shard (AXS)
Axie Infinity Shard is a native token for the NFT game Axie Infinity. Often described as a combination of CryptoKitties and Pokémon, Axie Infinity is a play-to-earn crypto game that has enjoyed a large following among crypto gamers worldwide.
Like many other excellent tokens in this article, the growth of the AXS token is down to the large adoption of the Axie Infinity game. This growth has seen AXS reach an all-time high of $83 from a yearly low of $0.1234. Currently, the token price for AXS is with the $70.79 range. If you are a crypto trader interested in NFT’s and crypto games, you may need to try this exciting play to earn the crypto games.
Conclusion
There are many excellent crypto projects worth investing money into. Some worthy mentions include projects like Rune, AVAX, Raydium, Link, Uniswap, Matic, Polkadot, and Theta. All of these projects have great potential and are good investment options in the long term. However, we must clearly state that cryptocurrencies are very volatile and are prone to considerable fluctuations in prices. Consequently, we urge readers to carry out thorough personal research before investing money into any digital asset.
