Home / Brand Stories / ApeCoin, Calrossy Caterpillar & Algorand: 3 most profitable Cryptocurrencies
BRAND POST
4 min read . Updated: 29 Aug 2022, 06:24 PM IST HT Brand Studio
In this article, we review some of these cryptocurrencies but advise that you place them on your watchlist for a while before making your decision on them. Always DYOR, and this isn’t financial advice. The altcoins are reviewed in detail subsequently
One of the heartbreaks crypto investors and enthusiasts face is missing out on a pumped coin. However, you can mitigate the chances of this happening by always staying updated with cryptocurrency news. Being an active member of some Reddit crypto forums, Twitter spaces, Telegram community, and others can get you privileged information, experts’ predictions and detailed analysis about some potential tokens to rise without breaking a sweat.
Although like we always say, remember that the cryptocurrency market is like a football match — anything can happen. However, with the year gradually winding down and the market showing signs of recovery, experts have identified a few coins potential buyers (especially newbies) should watch out for. These coins have the potential to do between 50-200× within the coming months if things go as predicted.
In this article, we review some of these cryptocurrencies but advise that you place them on your watchlist for a while before making your decision on them. Always DYOR, and this isn’t financial advice. The altcoins are reviewed in detail subsequently.
Monkey Business
ApeCoin (APE) is one of the tokens tipped by experts to experience price increases in the long run. The token is currently on over 230k watchlists and has shown signs of a bullish run in the past few days. ApeCoin boasts over a $2 billion market cap and is currently one of the top 30 cryptocurrencies on Coinmarketcap.
Already, the cryptocurrency has done over a 500% increase within a day this year before declining to its current market price. While experts do not foresee such a price pump again, they’re optimistic about a steady upward rally that can amount to something in the long run. The token sold at its lowest price of $1 in March this year and peaked at an all-time high of $39.40 on the same day. Leaving lucky entrants and holders something to smile home with. The ERC-20 token serves as a governance and utility token for the APE ecosystem. It is used to empower and reward the web3-oriented decentralised community members.
Grand Ideas
Algo is the native cryptocurrency for Algorand — a Blockchain-based protocol that uses a proof-of-stake consensus algorithm. Algorand describes itself as the “Blockchain for FutureFi” and hopes to live up to that by building technology that combines decentralised finance with traditional finance to give users ultimate functionality.
Algorand is an eco-friendly platform that poses no threat to environmental sustainability, and it achieves this without compromising scalability, security, or decentralization. The user-friendly platform makes Blockchain adoption easier by eliminating technicalities. Algorand boasts faster transaction speed and improved efficiency and supports various applications.
Algorand token (Algo) is currently on over 580k watchlists and sells below $0.5. Potential buyers are hoping to make entry at this low price with hopes of it breaking the $1 mark. Analysts believe it’s not likely to reach its previous peak price of $3.28 in the coming months, but it can rally close to $1 or go slightly beyond.
These predictions are guaranteed, but with the developers’ constant efforts and innovation towards the project improvement, one can’t bank against them introducing a feature that will drive the token price upward. Therefore, it’s advisable to be on the lookout, to avoid missing out on its potential upward rally in the long run.
Millions of Options
Carlossy Caterpillar is a new meme token. Unlike the conventional dog-themed meme tokens that saturate the coin market, the developer chose to make Carlossy Caterpillar (CARL) a cake-themed token. In addition, they leveraged the popularity of the public plagiarism dispute between Mark and Spencer and Aldi and created a token around the various memes the public dispute generated.
Carlossy Caterpillar will launch on the Binance Smart Chain network, and it will be a utility token functioning mainly for processing transactions, trading, and staking to earn rewards. Developers are implementing mechanisms to help Carlossy Caterpillar (Carl) thrive in the coin market like DOGE and SHIBA. This includes building a unique utility, leveraging celebrity support, and reward strategies that can improve adoption.
Experts believe its branding could help it make impressive runs within the first few months of release. After that, Carlossy Caterpillar will be available on presale, and potential buyers get a bonus on the price. This could be as low as 1% on $50 or as high as 65% on $500. So you and your referral could earn $50 each when the person purchases $100 worth of the CARL token.
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
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