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For the past few months, the cryptocurrency market has been experiencing rather high volatility, with rapid and often dramatic price fluctuations. While some investors have chosen to maximize their profits, others see price declines as a ideal buying opportunity.
So, let’s take a close look 5 altcoins which, according to industry experts, have the potential to generate significant returns over the short and long term.
Polygon (MATIC)
Polygon is a crypto project designed to address the scaling and low transaction speed issues often faced by many blockchains such qu’Ethereum.
Through its efficient scaling solution, Polygon enables a faster execution of trades and lower fees. Additionally, its blockchain network is compatible with existing applications and cmart contracts on Ethereum.
At the center of this technology, we find son token natif, MATIC. As Polygon’s primary crypto, MATIC plays a central role in its ecosystem as a means of exchange, governance, and staking.
Moreover, since the network Polygon is experiencing growing adoption in the ecosystem of decentralized finance (DeFi), NFTs and other key sectors of the crypto industry, its token also benefits.
This growing adoption is driving demand for MATIC, as it is essential for accessing and using Polygon’s applications. At the time of writing, the price of MATIC was up 1.50% from the price of 0,88 $.
DeeLance (DLANCE)
The crypto project DeeLance aims to create a decentralized freelancing platform. According to its developers, this platform will revolutionize the working methods adopted by the self-employed.
One of the specificities of the platform is that it will be based on the blockchain Ethereum. It will also use web3 tools such as NFTs and smart contracts to create a secure and transparent environment allowing freelancers as well as clients to interact more freely.
The DLANCE token will be the native cryptocurrency of the platform. DeeLance users will need to use it to pay for services on DeeLance, such as bidding on projects and payments.
Cryptocurrency can also be used to buy NFT. These can be used to represent skills, experience and other assets. The presale of the project is still ongoing and the team has already gathered over a million dollars. The token is available at the current price of 0,033 $.
Crypto-assets are a risky investment.
Ultra (UOS)
Ultra is a blockchain project that envisions the creation of a decentralized platform dedicated to the entertainment industry. Through the latter, the project managers want to revolutionize the entertainment industry by offering a transparent and fair digital content experience for users, content creators and their distributors alike.
The Ultra Project sees blockchain technology as the way out of various problems monetization, distribution and control of content encountered in the entertainment industry.
This is why he created his ecosystem around a unique token: the UOS. It is the native token of Ultra which plays a vital role in the ecosystem thanks to its many uses.
Indeed, in addition to serving as rewards for content creators on the Ultra platform, the UOS allows its holders to participate in the governance of the Ultra platform. The current price of the UOS token is 0,19 $ and is down 1.27% over the past 24-hour period.
Launchpad XYZ (LPX)
Launchpad XYZ is a project dedicated to Web3 and whose objective is to make this new world of the Internet plus accessible et plus convivial. Thus, the project is committed to developing an ecosystem of platforms that will provide their subscribers with a wide variety of web-based tools and resources3.
In particular, we will find information platforms in-market and sentiment analysis, education platforms and platforms providing access to private pre-sales and the latest trending NFTs.
LPX is the native cryptocurrency of the Launchpad WYZ project. It will be used to pay for various services on the platforms of the ecosystem such as auction offers on projects.
The price of the token is currently 0,0445 $ for presale. The latter has already enabled the team to collect over $611,000.
Crypto-assets are a risky investment.
Arbirtrum (ARB)
Decision is a crypto project which, unlike the Polygon project, focuses on the scaling the Ethereum blockchain. Its blockchain network thus offers a layer 2 solution to popular blockchain individuals.
Using sidechain technology, Arbitrum wants solve problems of congestion and high transaction costs performed on Ethereum. Its managers want to offer faster and cheaper transaction operations to their users.
En tant que token natif d’Arbitrum, the ARB plays a rolee key in the Arbitrum space through its various features. Indeed, all Arbitrum users must pay their transaction fees with the ARB token. This not only secures the network, but also rewards validators for their work.
According to the latest CoinMarketCap data, the ARB token was trading at the price of 1,10 $ with a drop of 0.30% in the last 24 hours.
Source : CoinMarketCap / DeeLance / Launchpad
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This article does not represent investment advice in any way. The information provided here should not be used as the basis for making financial decisions. Investing in cryptocurrency involves risk and can lead to significant losses. You should only invest what you can afford to lose and do your own research before making any investment decisions.
