Cryptocurrencies that were on the path of becoming ubiquitous, made a U-turn on Wednesday as Bitcoin and Ether fell around 30% and 45% respectively. Further, adding fuel to it was China's attempt on Tuesday to ban financial and payment institutions from offering cryptocurrency services.
So now, around $1 trillion is squandered off the cryptocurrency market cap globally. What does this indicate, should we invest in cryptocurrencies as experts say it is the right time because of the price fall or should we think again before investing in cryptocurrencies?
Well, I believe we should invest in cryptocurrencies as it is the right time. But, I don't mean to invest in Bitcoin or Ether. Ditch these popular ones. Instead, invest in new cryptocurrencies that are secretly growing and can be a good investment option.
Here are some new cryptocurrencies to invest in that are quite promising and can make you rich. Our reference source is CoinMarketCap.
SteakBank is a liquid staking platform built on Binance Smart Chain where you can procure various streams of income. The essential prizes acquired from validating will be prepared in the liquid token. The liquid token would then be able to be additionally staked in the liquidity pool to be compounded and acquire additional yields. Besides, the SBF tokens will likewise be remunerated when you stake your liquid token in SteakBank's liquidity pool.
Current Price: US $0.022844
Price hike at the time of writing: 0.01%
Burn1 is a community-driven charity token that will give full power to the community through community vote and transparency. Today where marijuana is legal to consume there are as yet numerous individuals confronting life detainment for marijuana-related crimes. The founders wanted to do something on a larger scale. Meant for marijuana lovers, this token is to gather fundraisers and do charity with not-for-profit organizations that give legal counsel to those wrongly detained for pot violations.
Current Price: US$0.00000001
Price hike at the time of writing: 0.59%
Yes, it is inspired by kids' favorite rhyme. Baby Shark (SHARK) is a BEP-20 smart contract built on the Binance Smart Chain dependent on the classic children's song that intends to give novel deflationary tokenomics that gives rewards to local communities as well as partnering with nonprofits zeroed in on cleaning up our oceans. The Baby Shark has confidence in expanding long-term value for its holders while likewise having an ever-lasting effect on the environment.
Current Price: US$0.00000001
Price hike at the time of writing: 0.58%
YFX.COM is a cross-chain decentralized perpetual contract platform built on Ethereum, Binance Smart Chain, Huobi Ecological Chain, TRON, OKEx public chain, and Polkadot. It gives up to multiple times the perpetual contract trading BTC, ETH, and other assets. Not quite the same as the basic automatic market maker model (AMM), YFX.COM embraces the QIC-AMM market producer pool trading method to give users high liquidity and low exchanging slippage.
Current Price: US$0.4681
Price hike at the time of writing: 2.24%
A token for the meme market, a store of significant value depending on demand, which is produced by the sentimental worth and excitement of a strong community fortified by memes and belief systems. This isn't simply one more cause token, or another undertaking attempting to duplicate ChainLink.
Current Price: US$0.00000001
Price hike at the time of writing: 0.60%
It is the first independent exchange that helps animals everywhere in the world. Chihuahua NFT is meant for charity Support for animal shelters. People are urged to airdrop HUA tokens to help animals everywhere on the planet.
Current Price: US$0.00000001
Price hike at the time of writing: 0.59%
CORGI is a decentralized community on digital money based on the Ethereum blockchain.
Current Price: US$0.000001443
Price hike at the time of writing: 8.60%
BoozeMoon will introduce the first crypto brew soon. Blended in Germany, this beer won't just intrigue crypto devotees yet additionally brew experts. You can definitely buy this if you're a beer fan.
Current Price: US$0.00000001
Price hike at the time of writing: 0.60%
POOROCKET is a community-driven cryptocurrency that works in the developing and quick digital currency space. We are making an application that permits users to get depictions, price charts, trade rankings, and market capitalizations all in one place.
Current Price: US$0.00000001
Price hike at the time of writing: 0.59%
Wild Ride is created for fostering a multifunctional environment that unites promoters and advertisers. Furthermore, it will be the first of its kind giving tools to protected and productive work for the two advertisers and promoters.
Current Price: US$0.00000001
Price hike at the time of writing: 0.75%
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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.