The current bearish market trend isn’t favoring token and NFT developers as it poses a big threat to potential investors. The next support zone of bitcoin price depicts $18,000 as more dumps by investors through short sell continues. Launching of tokens without a prospective market-focused project whitepaper has been a recurrent theme. There is community funding for every launch in the crypto space comprising tangible numbers of members. The purpose and projects of a token especially staking and lending draws more members to the community.
Most of these projects are launched recently and considered some of the best upcoming nft projects 2022 .
FERRO (FER)
Ferro is currently ranked number 3113 without a feasible market cap on Coinmarketcap, rationing 0.17 USD to 1 FER. FER can be transacted on two exchange platforms namely; Crypto.com exchange and VVS Finance. Listed on the 22nd of June, 2022 with a maximum supply of five billion FER coins to be circulated. The opening price at the time of launching was $0.155 relatively to the current price of $0.1681 with an 8% profit for community holders. Ferro protocol for users is aimed at a minimum transactional fee, easy to swap with insignificant slippage, and more ROI for liquidity providers.
Incentives on staking your tokens with different maturity plans will be awarded $FER. In the last 24hrs trading volume, Ferro to USD chart was majorly a bearish, and also estimations by community members were optimistic.
COLLECTCOIN (CLCT)
CollectCoin trading volume for the last trading session was estimated to be above $25,000. Though currently with no market cap and circulating, CLCT was launched on the 2nd of June,2022. Analyzing the chart, CLCT slumped with a drastic bearish trend after the first trading session. The trend shows that most liquidity providers in the community mainly purchased the token for launching. There were nearly 90% plunges after the launching a result that shows massive withdrawal of user deposits.
The token was projected to serve as a medium to transact NFTs and their artifacts without needing to take the tangible form of such digital assets. The redemption of NFTs is also possible through CLCT. The trading volume started gaining momentum in the bull market on the 18th of June to this current trading session with a 30% profit. An analyst has also predicted a bullish market condition for CollectCoin (CLCT) being a favorably token to trade within an NFT space.
SAHARADAO (MNG)
In synthetic trading space, SaharaDAO (MNG) is mostly known and regarded as the initial fractional-algorithmic synth token (MMFX). There is a native Sahara’s token but the role of SaharaDAO is to collateralize design where Sahara can be stored. The current trading volume of the coin in this session is $86,495 professing a tradable market platform. The Cronos network majorly uses SaharaDAO on their blockchain for transactions among different users. The coin is a high yield returns for Liquidity provider as the chart revealed 195% profits during last 7-days trading session.
The launching came up on the 16th of June, 2022, and since then there is a predominately bullish market trend. Accepted by many crypto traders especially Users on Cronos chain where projects are well funded for future yielding. The equivalent ratio between MNG and USD is 1:0.59 making it a good prospect for staker and lenders to invest. The recent market condition for most investors requires tokens with favorable returns and MNG has been the best option. The inability of the bear market to break the support zone of 0.58 shows a profitable entry for traders.
Z7DAO (Z7)
An Esports decentralized initiative to gather cryptocurrency fans around the globe to be owners of virtual teams. Z7DAO is a blockchain that facilitates players and investors to create their teams in the esports ecosystem. $Z7 token market cap of over $5,000,000 with a trading volume of relatively close to $225,000 have revealed the interest of people in digital sport. The four major ways people can contribute are; the launching of tokens and NFTs thereby creating personal squads on esports, managing teams as fans through a voting mechanism, staking and locking up $Z7 tokens to earn more in gaming programs, and lastly through merchandise.
The trend shown by Z7DAO revealed a fulfilling project planned by Esports Boards. As it analyzed on the chart where closely 300% was recorded between the launching in 12th of June and now. The token had little market reflexes with current cryptocurrency plunges. After making an all-time high of $0.074, the market has been failing to correct its bullish trend. The long-term aim of players would have to plan to make this a passive income might become uncertain. Lastly, only PancakeSwap (V2) facilitates the trading of this token with low transactional few.
CHOISE (CHO)
CHO is currently been traded at $1.29 at the moment of writing. One of the fewest tokens launched in June. Despite the unlisted Market Cap, CHOs’ transaction in the last trading session was nearly $4 million. Since its inception into the cryptocurrency dashboard, the bullish movement defiles the current market condition. Most Choise community members are optimistic holders and many investors are also fascinated by the soundness of the token projects. Let’s take a look into Choise network.
The token was created by Vladimir Gorbunov for staking, voting, promotion, and Gas fees. All categories of crypto users and wallet owners have a stand in the community to pool liquidity, carry out unbanking actions, and many more. A total of One billion CHO tokens were launched during the Initial Coin Offering (ICO) Conference. The tokens were distributed to sectors like promotion (allotted the highest share), cornerstone, airdrop, Project team, seed, and many more. With 650,000 users, above 160 members, and more than $500 million in transaction turnover; Choise (CHO) will be the main option in the evolution of Crypterium. This evolution is a target to build the strongest Centralized and Decentralized Finance with unique visions of making tangible and digital assets marketable.
