The crypto market has been seeing a long and difficult bearish period that started in November 2021, and, with the acceptance of a few quiet periods, it kept pushing the market further and further down. However, things seemingly took a turn with the start of June 2022, and the proces of certain coins have started trading in the green on daily and weekly basis.
With that said, this may be a start of a major recovery, or just a minor pause from the bearish influence. For now, it is unclear which one it is, but no matter what happens further on, the prices are recovering right now, which means that there are some excellent short-term investment opportunities available, such as:
1. Waves
The first on our list is Waves, which has seen a massive amount of recovery lately – about 120% on a weekly basis. The project suffered huge losses in April when its stablecoin lost its peg to the USD, causing serious issues for the project. However, Waves’ team got to work, came up with a way to fix things up, and barely 2 months later, its price is skyrocketing to former heights.
In other words, Waves has proven that the project can recover if it makes the right moves, and we see it as one of the best investments in June 2022.
To learn more visit our Investing in Waves guide.
2. Avalanche
Next up we have Avalanche – one of the best projects for smart contracts around. Avalanche is scalable, its transactions are cheap to make, and most of all, the project is eco-friendly, which is one of the greatest requirements in the crypto industry today.
Another massive advantage of this project is the fact that it is the fastest smart contracts platform, according to time-to-finality. All of this has led to many smart contract-based applications to turn to Avalanche, rather than Ethereum, and so far, there have been no complaints.
To learn more visit our Investing in Avalanche guide.
3. Polygon
Moving on, we have Polygon, formerly Matic Network. Polygon functions as a scalability solution supplier for Ethereum, which grants the project great potential and value on its own. But, the reason we expect it to end up being a great investment for June 2022 is the fact that it recently got a significant ecosystem boost.
As some may know, the Terra blockchain recently suffered the same issue as Waves did in April — its stablecoin lost its peg, and both the stablecoin and Terra’s native crypto, LUNA, crashed towards zero. The project’s blockchain crashed as well, and for all we know right now, that might be it for this entire project.
But, many of the project that used to run on Terra started migrating away, and Polygone ended up being the most popular choice among them. The project opened its door to all of these projects that are now running on its network, and enriching its ecosystem, granting it new use cases, and bringing the projects’ users to the MATIC token.
To learn more visit our Investing in Polygon guide.
4. Stellar
In the fourth spot, we have Stellar — a popular token meant to be used for making global payments. Stellar was one of the biggest XRP competitors, but where XRP was believed to be a centralized currency used by Ripple and offered to the banks to move money internationally at near-instant speeds, Stellar was always targeting regular people, rather than financial institutions.
The fact that the project’s price was among the first to increase now that the bearish market has let go shows that XLM and Stellar still have a loyal community that is ready to come back now that the danger of a price crash has seemingly passed.
To learn more visit our Investing in Polygon guide.
5. Internet Computer
In the fifth spot, we have Internet computer, which is a decentralized blockchain network launched to push the boundaries of internet functionality. Its intention is to support smart contract development on a larger scale, allow developers to create more advanced dApps, and support nearly endless capability and high level of security.
Essentially, the project wants to turn the public internet into a world-class computing platform, which granted it a status of a revolutionary network that is publicly available, transparent, and equipped with impressive functionality, which is why it attracts attention constantly, and its price is on the rise whenever the market allows it.
To learn more visit our Investing in Internet Computer guide.
6. Kucoin Token
For our sixth entry, we have chosen the Kucoin Token, which is the native cryptocurrency of the popular exchange, KuCoin. As usual with this type of tokens, they are bound to the exchange that launched them, and their use cases primarily revolve around that exchange. Kucoin Token allows things like fee discounts, access to newly launched tokens on the exchange’s launchpad, and a way to reach other altcoins.
However, the success of the token of this kind is typically closely tied to the exchange’s reputation and popularity, and with KuCoin seeing a surge in usage and users, so is its token seeing a boost in price.
To learn more visit our Investing in Kucoin Token guide.
7. Elrond
Halfway down the list, we have Elrond — a blockchain protocol that aims to offer extremely fast transaction speeds through the use of shards. The project likes to think of its ecosystem as the best available technology for the new internet, including sectors such as DeFi, fintech, and the IoT.
The project’s smart contract execution platform can supposedly handle over 15,000 TPS, with six-second latency, and a cost of only $0.001 per transaction, which is extremely fast, extremely cheap, and capable of handling extreme levels of traffic at once.
To learn more visit our Investing in Elrond guide.
8. Aave
In the eighth spot, we have Aave, which is a DeFi protocol for lending and borrowing. Aave was among the early movers to the DeFi sector, which allowed it to take advantage of the lack of similar projects at the time and skyrocket in terms of popularity and TVL.
Its lenders can earn interest by depositing their crypto into the project’s liquidity pools, while borrowers get to take out loans quickly and without much fuss or paperwork required. They do need to provide collateral, and the fact that Aave is growing means that users are returning to DeFi lending already.
To learn more visit our Investing in Aave guide.
9. Axie Infinity
Next up, we have Axie Infinity, which is the biggest and most popular metaverse game around. It features a vast open world that players can explore with their digital creatures known as Axies, and where they can engage in battle against other players. The goal of the game is to use various body parts to strengthen your Axies and give them different advantages that can help in battle, and by winning battles, players can earn the project’s native token, AXS as a reward.
Meanwhile, all Axies come in the form of an NFT, so by purchasing one, players become the true owners of a unique creature. They can also breed Axies and sell them, which is another way to earn from this game.
To learn more visit our Investing in Axie Infinity guide.
10. Cardano
Cardano may finally get its chance to shine if this new recovery ends up being a long one since the project’s price lost its opportunity to find its true price before the bear market. You see, Cardano is an Ethereum-like platform, only significantly more scalable, cheaper, and faster. For years, it worked on development, and even to this day, it only completed 2 of its 5 Eras. However, the completion of the second Era, Shelley, resulted in the launch of smart contracts on its platform.
As a result, Cardano’s ecosystem exploded with new developers, projects, users, and use cases. Its price, however, went down due to the bear market, never getting the opportunity to find its new true value. Maybe now that opportunity may finally present itself.
To learn more visit our Investing in Cardano guide.
11. Bitcoin SV
Bitcoin SV has known throughout the cryptocurrency as a coin with one of the most controversial origin stories. It emerged in November 2018, after a Bitcoin Cash fork split the project’s community. After days of hash wars, the chain that received the new upgrade got to keep the name of Bitcoin Cash, while the part of the chain that did not renamed into Bitcoin SV, aiming to conduct itself in a way that it believes Satoshi Nakamoto had in mind when he developed Bitcoin.
The coin has kept to itself since then, but it recently became the 15th crypto to get approved by Japan’s regulators, and the 15th coin to join Huobi Japan’s list of supported crypto. This attention in Japan is likely the reason why the coin’s price is now rushing up, so there is potential there for western investors, as well.
12. Chiliz
Nearing the end of the list, we have Chiliz — a leading cryptocurrency for sports and entertainment. The project works like a blockchain-based sports entertainment Socios, that allows users to participate in governance of their favorite brands.
For example, token owners can influence certain decisions that involve the clubs through polls, surveys, and alike. This includes things like the messages that the team captain should wear on his armband, and alike.
Chiliz is a token that brought the sports community closer together, as well as closer to their favorite clubs and players, and for that, it will always be a good token to own.
To learn more visit our Investing in Chiliz guide.
13. Bitcoin
Lastly, we have Bitcoin. Now, Bitcoin is an excellent long-term investment, but if you have the time and the nerves, you can always try investing short term. The coin needs no special introductions, given that it is the first and largest crypto in the market. It dictates the market behavior, and it is often the first one to grow whenever a serious surge is on its way.
With that said, Bitcoin can be used to predict the behavior of the rest of the market, or you can simply try investing in the coin itself, but if you do so, you should keep a close eye on the behavior of its price, since it can start crashing just as quickly.
To learn more visit our Investing in Bitcoin guide.
Conclusion
Cryptocurrencies have always been volatile, and it will likely be a long time before that changes, which means that there will be plenty of opportunities to catch short or long periods during which the prices are surging. By being ready for such developments, you stand to get a sizable profit, and the coins listed above have proven to be some of the best opportunities available this time.
This news is republished from another source. You can check the original article here
Be the first to comment