Hundreds of thousands of active cryptocurrency projects and an equivalent number of tokens traded are features of the cryptocurrency market. In an attempt to reduce volatility and protect profits, the majority of investors chase after cryptocurrency tokens with high market capitalizations. Nevertheless, bold investors recognise that lesser-known jewels that have the potential to yield enormous profits are eclipsed by the glimmer of popular crypto assets like Bitcoin ($BTC).
Because of its current price hovering around the all-time high (ATH) of $73,000, people are naturally drawn to bitcoin. With less than a week to go until the Bitcoin halving, the value of flagship tokens is predicted to soar. But there are a few tokens in the larger cryptocurrency market that are poised to soar in the upcoming bull run.
Due to its benefits and recent price movements, cryptocurrencies like Nervos Network ($CKB), Morpheus.Network ($MNW), and Tribe ($TRIBE) are gaining attention. While searching for well-established tokens is a great approach, astute investors recognise the importance of investing a portion of their capital in projects that offer tangible benefits. These kinds of ventures have the potential to spread, which might boost revenue.
This is the crystal peering over these tokens and projects to see why they are primed for takeoff. It’s usually advised to conduct study before taking action.
Network Nervos ($CKB)
In order to improve the blockchain’s scalability, interoperability, and sustainability, Nervos Network is a tiered blockchain architecture. The Proof-of-Work (PoW) consensus method powers the Common Knowledge Base (CKB), the foundational layer of the network.
The Nervos Network’s native currency, $CKB, is essential to the ecosystem since it can be used for a variety of tasks, such as paying miners, controlling network resources, and allowing users to store data on the network. With this multi-layered method, developers may design smart contracts and decentralised apps (dApps) with improved scalability and security.
The total number of coins in circulation for $CKB is roughly 43.5 billion. The distinctive economic architecture of the Nervos Network is made to grow with the platform, providing rewards for involvement without sacrificing the open, decentralised nature of the system. The ability to store data on the blockchain and provide state storage space on the mainnet of the network is conferred upon holders of $CKB tokens.
The recent movements in the price of $CKB show considerable volatility and room for expansion. The price of $CKB has increased by 1.5% over the last day, and it has increased by 77% during the previous seven days. At the moment, it is trading for $0.031. These fluctuations show how volatile the cryptocurrency market is and can be linked to a number of things, such as changes in the Nervos Network, investor mood, and market trends.
$MNW Morpheus.Network
Utility tokens with strong underlying concepts will be prominent in the upcoming bull market, with Morpheus.Network’s $MNW token leading the way.
Morpheus.Network’s advanced middleware solution is revolutionising the supply chain industry. It is a supply chain-specific Software as a Service (SaaS) that greatly increases shipping operations’ efficiency and transparency. It addresses significant issues such logistical challenges and fake goods, winning praise from eminent organisations and professionals in the sector. Notable customers include the multinational behemoth Coca-Cola, FCL, Marsh Insurance, Gulftainer in the United Arab Emirates, and Sobeys in Canada.
The platform’s global influence is demonstrated by the governments of Argentina, Brazil, and Uganda, which have adopted it to improve their agricultural supply chains. Its commitment to providing top-notch supply chain solutions is demonstrated by the support of esteemed technological accelerators like Google Accelerator Canada and Microsoft’s Startup Founder Hub, as well as guidance from a UN supply chain specialist. The fact that SAP has acknowledged it attests even more to the excellence of its products.
The masternode programme offered by Morpheus.Network is essential for improving the security and scalability of the blockchain. Stakeholders can strengthen the network and receive incentives of up to 18% APY by contributing 900 $MNW tokens to the programme. This demonstrates the project’s dedication to combining cutting-edge technology with large financial rewards for its backers.
The $MNW coin is currently trading at $1.24 after a noteworthy 13% increase today. The token has since dropped from its most recent high of $1.7. Because of its utility services, $MNW has the potential to lead the cryptocurrency rally in the upcoming bull market. The $MNW token has been rising over the shorter period of time, and with the half of Bitcoin, the token is predicted to reach previously unheard-of heights.
Tribe ($TRIBE)
Tribe ($TRIBE), a decentralised stablecoin that takes an inventive method, is intimately linked to the Fei Protocol. The Fei Protocol, a proposal that uses an algorithmic technique to overcome the shortcomings of current stablecoin models, is reliant on the governance token TRIBE.
This approach modifies the supply of its stablecoin, FEI, based on market conditions with the goal of keeping it pegged to the USD without requiring conventional collateralization techniques. By including its holders in governance choices and giving them the ability to vote on ideas that determine the protocol’s future course, Tribe empowers its holders.
One billion tokens can be produced for the $TRIBE token, with the majority of that amount coming from the current supply. The decentralised governance mechanism of the protocol, which guarantees that decision-making authority is evenly divided among its stakeholders, is supported by the $TRIBE token.
Recent data indicates variations in $TRIBE’s price point and market capitalization. The cryptocurrency’s price has experienced oscillations akin to those of the larger crypto market. As of now, the token is down 32% and trading for $0.32. Although the token has only increased by 10% over the past year, growth is anticipated.