Transparency is a vital element when informing people about the state of the crypto market, and 2022 has undoubtedly been a daunting year for crypto investors so far. It has been close to a month since the crypto crash occurred. But the new month of June is now upon us, people can look forward to what is next for cryptocurrencies. Despite the recent decline in the value of blockchain networks such as Terra (LUNA), Ethereum (ETH), Bitcoin (BTC) and Arweave (AR), people are still eager to invest their money into viable assets. With upcoming blockchain networks such as CashFi (CFI) slowly emerging in the market, it is an exciting time for people to diversify their portfolios and explore alternative crypto investments.
CashFi (CFI) is an upcoming blockchain that is run through the Ethereum ecosystem, being powered by the ERC-20 token which provides participants with access to different asset classes. They describe themselves as an integrated platform that plans to adopt a qualitative methodology for off-chain cooperation and on-chain interoperability using an ecosystem of multi-chain web 3.0 products. These products are designed to warrant seamless value exchange and stimulate global liquidity. The blockchain distinguishes itself by having three unique features – synthetic assets, non-fungible tokens (NFTs) and liquid staking.
With the inclusion of synthetic assets, CashFi can enter the commodities market with its CFI Synths to provide users with access to commodity debt assets. Furthermore, by having their own NFTs, CFI can entice creatives who want to advertise and distribute their best works to invest in their currency. This is positive as they are targeting a different sector of the crypto market, which ultimately expands their ecosystem. Finally, having liquid staking will permit token holders to protect proof-of-stake outlets natively, which allows them to unlock their liquidity for staked assets. Currently, in its presale stage and priced at $0.027778, it may be wise to invest in CashFi.
As we all know, Bitcoin (BTC) is the first and most successful cryptocurrency on the market. Ever since its emergence in 2009, BTC has revolutionised the financial market by pioneering cryptocurrencies and began the iteration of web 3.0. Founded by the anonymous Satoshi Nakamoto, Bitcoin is best described as a peer-to-peer (P2P) online currency – allowing users to conduct transactions independently and freely without the need for an intermediary's involvement.
This aspect contrasts with the methods of traditional centralised institutions, which is what got people's attention and enticed them to get involved with BTC. Although BTC has suffered significantly with the value dropping to 20.08% in May, it maintains its number one position on CoinMarketCap and has had a 5.87% increase in its market capitalization within the past 24 hours. If you are looking for a currency that is not slowing down anytime soon, then it is safe to say Bitcoin is the epitome of a established investment.
Arweave (AR) is a relatively new blockchain network that was founded in June 2018. They are decentralised storage that seeks to provide users with a network for indefinite storage of data. Describing itself as a 'storage that backs data with sustainable and perpetual endowments', AR permits users to store their data without the possibility of losing it.
Essentially, Arweave is a hard-drive storage platform that gives users the ability to preserve applications, history and valuable information indefinitely. This blockchain network is focused on developing a sustainable and secure ecosystem. With a current market capitalisation of $452,273,543, Arweave is a cryptocurrency that investors should have trust in.
Investors who pay attention to solid crypto projects during their pre-sale phase often end up being better off financially due to the value rapidly rising after its official launch. Therefore, it will be wise for people to invest in CashFi (CFI), as it has high potential to grow and give you high-profit returns similar to blockchain veteran Bitcoin (BTC) and the decentralised storage network Arweave (AR). Do your own research to discover more on where you believe your investment should go, however, keep an eye out for these three cryptocurrencies.
Presale Registration: https://enter.cashfi.finance/register
Website: https://cashfi.finance
Telegram: https://t.me/CashFi_Token
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.