The crypto market seems to have gone the green way, after suffering a series of crashes and slowdowns this year. Does that mean the market is finally picking up? Or is the worst yet to come?
Only time can tell. From the looks of it, a slow recovery is on the cards for the market. It is about time that many cryptocurrencies reverse their losses, while some are better off dead. At the end of the day, it all comes down to the value and innovation that is building a project. In this article, we take a look at five cryptocurrencies worth keeping an eye on for the rest of the year.
1. Lucky block (LBLOCK)
The first on the list is lucky block, a sports betting and gambling token that recently launched an updated version of its product. The new look and features are driving the project further and fueling the demand for the token. As the platform reaches more users in the coming days, LBLOCK tokens are predicted to enter a bull run, delivering 3X-5X returns to investors who bought the dips.
Lucky Block Price History, Dec 2, 2022, CoinMarketcap
With the football fever growing stronger every day, the sports betting section of the platform is witnessing a rapid growth in the influx of users. It features all the major spectator sports to bet on, plus 15 esports including League of Legends, Counter-Strike, and Arena of Valor. Real sports betting, on the other hand, covers football, basketball, tennis, ice hockey, volleyball, handball, table tennis, American football, baseball, boxing, Australian Rules, rugby, Formula 1 and cricket.
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LBLOCK is one of the most undervalued tokens of 2023, having fallen victim to the LUNA crash, the FTX crash, and a broader market slowdown. It is expected to reclaim a large chunk of its value in the coming weeks and months.
2. Shiba Inu (SHIB)
The next cryptocurrency that may be in a reverse trend is Shiba Inu, the meme coin sensation that lost almost 89.63% in 2022 amid the series of declines. While some crypto analysts and industry insiders believe that the meme coin is all but dead, some still have faith in it.
Shiba Inu Price History, Dec 2, 2022, CoinMarketcap
News about Shiba Inu integration on platforms like Twitter could restore the token's lost glory. Even if Dogecoin is chosen over Shiba Inu on Twitter, it is possible that more platforms will follow in Twitter's footsteps and integrate meme coins into their payment systems. The upcoming features of the Shiba Inu metaverse also give great hope of recovery.
3. Cardano (ADA)
Cardano is one of the top-tier cryptocurrencies out there. At 89.90% below its all-time high, the token has a long way to go. That translates into generous returns for investors. The sharp fall of the token cannot be interpreted as price corrections if we take into account the developments that occur in the network.
Cardano Price History, Dec 2, 2022, CoinMarketcap
Cardano plans to host a wide range of projects, including some highly anticipated stablecoins. This includes USD-backed stablecoins and overcollateralized algorithmics.
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4. IMPT (IMPT)
IMPT no introduction needed. Green initiative Web3 is now hosting a pre-sale for its native token, generating interest on both the crypto and non-crypto side of the world. IMPT features a great ecosystem that aims to make carbon offsetting accessible to everyone.
It realizes this through a carbon credit marketplace, a shopping app, and a social platform. The IMPT marketplace converts carbon credits into NFTs to provide greater transparency in their transfer and ownership. The IMPT shopping app rewards users for shopping with environmentally responsible brands. Companies allocate a percentage of their sales margin to the carbon program. And the IMPT social platform helps you track carbon offset initiatives through a personalized scoring system. Play around with carbon offsetting and raise awareness for climate action. Both companies and individuals can be a part of the social media platform.
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Together, the apps bring climate action into the mainstream. IMPT's unique vision and approach has earned it a large community of supporters. The tokens are selling fast now in anticipation of a bull run at the public launch. The project has great potential for long-term growth.
5. Fantom (FTM)
We end this list with Fantom, a Directed Acyclic Graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using a new consensus algorithm. The open source project was created as an alternative to popular blockchains like Ethereum.
Although most Ethereum killers have faded in relevance after the merger, Fantom remains a favorite due to its set of tools that make it easy to integrate with existing DApps, as well as a detailed system of rewards for participation and instruments. DeFi integrated.
Fantom Price History, Dec 2, 2022, CoinMarketcap
The token is 92.87% below its all-time high. Current trends point to a small but significant bull run for Fantom in the coming weeks.
Image by Andy from Pixabay
