April 25, 2024

What cryptocurrencies are worth investing in now: DeFi and GameFi

What cryptocurrencies are worth investing in now: DeFi and GameFi

  • DeFi tokens will become leaders in the crypto investment market.
  • Hodlers should pay attention to GameFi tokensprojects.
  • Launchpad altcoins and meme coins are only suitable for quick earnings.

During the market correction period, many crypto investors andhodlers prefer to buy digital coins at a discounted price. However, making a choice in favor of one or more coins can be very difficult, especially for beginners. Experts told which altcoins are worth investing in this fall.

DeFi Tokens Will Become Market Leaders

According to experts, the most popularaltcoins this fall will remain the coins of projects working in the field of decentralized finance. Newbies and professional crypto investors should pay attention to the altcoins of Avalanche, Solana, Polkadot, Elrond and others.

“I have repeatedly said that investingIt is only worth it for projects with real and useful products for the market. These are tokens such as SOL, DOT, AVAX and DAOvc. These are projects that are aimed at long-term work and creating innovative solutions,” comments CEO and founder of DAO.vc Georgy Galoyan.

Nikita also shares a similar opinionSoshnikov, director of Alfacash. The expert believes that it is worth paying attention to the coins of projects that are in one way or another related to the field of decentralized finance. However, it is worth investing not in DeFi applications themselves, but in those projects that are aimed at developing the infrastructure of decentralized finance.

"Avalanche as an umbrella platform for launchDeFi applications have already shown good results since the beginning of the year. Considering the growth of the DeFi sphere and the promises of Ava Labs developers about further large-scale plans for the development of the platform, the rate of the AVAX management token may exceed $80-$90 by the end of the year from the current $66. As for Elrond, it is an ecosystem not only for DeFi, but also for the rapidly developing Internet of Things. Moreover, the Elrond blockchain already uses sharding, which Ethereum is just striving for. Elrond is also attractive because it is positioned as a platform for corporate use. This means that the liquidity that could potentially come to ELrond consists not only of investments from retail users and users of DeFi applications, but also from corporate users,” said Nikita Soshnikov.

Roman Nekrasov, co-founder of the ENCRY Foundation, recommends paying attention to ICP, DYDX, ADA tokens.

“DYDX is because decentralized tradingplatforms will obviously increase their user base and trading volumes. This will happen against the backdrop of increasing regulatory pressure on centralized crypto exchanges and decreasing user confidence in such sites. ICP is the governance token of the decentralized internet computer, the decentralized blockchain project Dfinity. I see huge potential in the development of a new Internet, decentralized, and not captured by monopolies like Amazon or Google. Finally, ADA is another blockchain ecosystem for decentralized finance. I believe that this area will grow, and therefore blockchain platforms focused on creating DeFi applications will also develop. The Cardano team announced promising plans for the development of the project and successfully launched the mainnet. And while the growth potential of ADA has not yet been exhausted,” the expert commented.

Instead of Bitcoin GameFi tokens

In addition, investors should take a closer look at GameFi projects that issue their own tokens. It is this area that will develop rapidly in the next 3-5 years.

“The leader can be called Axie Infinity (Ethereum) with their native token $AXS and $SLP. In-game NFT sales exceeded $1 billion, and the number of users exceeded 1 million.
The next game on the list is Star Atlas (Solana) withnative tokens $ATLAS and $POLIS. The project attracted the attention of the community due to the scale of the future game. The interest and popularity of the Solana blockchain is fueled by its transaction speed and low network commissions,” commented Dmitry Boshenyatov, co-founder of CyberTime Finance.

Also, tokens of the Flow and Enjin projects could become promising coins, says Chen Limin, CFO and head of the trading operations department at ICB Fund.

“Another trend of recent months, whichhas every chance to become a driver for further growth in the number of crypto users and the market as a whole, is GameFi and the metaverses, which are associated with the phenomenal success of Axie Infinity and Decentraland. In the coming months, new projects will be launched that can cause a similar stir and increase the overall profitability of the crypto portfolio with a correct assessment of their demand potential,” the expert said.

For quick earnings, you should pay attention to the launcher tokens and meme tokens. It is these assets that give the cherished X's in a short period of time.

“Among the most sensational you cannote the Mina token, which was incredibly subscribed to on Coinlist. Many people created multiple accounts to increase their chances of receiving this token, although this was prohibited by the rules of the site. The fixed price was $0.25 per token; no more than $1,000 worth of money was issued per person, but in reality it was much less,” explained Slava Vasipenok, CEO & Founder QUASA.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

What cryptocurrencies are worth investing in now: DeFi and GameFi

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