Here Are Top Tokens Outperforming Crypto Winter
Coinspeaker
Here Are Top Tokens Outperforming Crypto Winter
The crypto winter might have succeeded in reducing the general trading volume across exchanges, but it has not in any way tapered down investment sentiments. In reality, risk-tolerant traders and investors typically consider this crypto winter one of the best periods to acquire tokens at a massive discount.
While it is not possible to help everyone design their investment or trading strategies, it is possible through data, to help highlight coins and tokens with high-performance rates during the market onslaught. Drawing on the fundamentals of these coins, we can depict which has what it takes to chart another positive growth course moving forward.
Here are 4 of the best-performing tokens in the first half of 2022: Green Metaverse Token (GMT), UNUS SED LEO (UNUS), Chain (XCN), and Choise.com (CHO).
Performance Tracks and Fundamental Boost
Green Metaverse Token (GMT)
The Green Metaverse Token is, as the name implies, a metaverse token that is native to STEPN, a blockchain-powered app that uses gamification and social media features to build a community of users and encourage a healthy and active lifestyle. While relatively a new protocol, GMT has maintained its popularity amongst millennials despite the ongoing crypto winter and has inked a massive 438.30% growth in the Year–to–Date (YTD) period.
Currently changing hands at $ 1.09 per data from CoinCodex, GMT is one of the stellar coins whose popularity, utility, and market cap can help propel it to new highs by the second half of the year.
UNUS SED LEO (UNUS)
UNUS SED LEO is a utility token that’s used across the iFinex ecosystem. The cryptocurrency allows Bitfinex users to save money on trading fees. The Bitfinex exchange has very close ties to the world’s largest stablecoin, Tether (USDT), and as such, offers UNUS a very competitive advantage in terms of the deep financial base of its backers.
As a trading platform that is constantly evolving, the UNUS token has continued to find a new set of loyal adopters across the board. The coin is trading at a price of $5.37 and has pulled over 39.89% in gains in the year-to-date period, ranking as one of the most resilient tokens defying the crypto winter.
With its connections, utility, and ecosystem, UNUS has a solid chance of becoming a good choice to invest in post-crypto-winter.
Chain Protocol (XCN)
The Chain Token (XCN) is the governance and utility token designed for the Chain Protocol to help users of the ecosystem vote on protocol improvements and various community-driven programs. As a Web3.0 and blockchain infrastructure cloud provider, Chain and its XCN token are gaining massive popularity and adoption across its ecosystem.
Currently priced at $0.089, XCN has inked as much as 90.60% gain against the USD, with even higher gains when compared with BTC and ETH. Riding on its core utilities which include securing discounts, premium access, and a payment method for commercial fees on Sequence and other Chain ecosystem products, Chain has the prerequisite to maintain its growth course this second half of the year.
Choise.com (CHO)
Choise.com is the world’s first MetaFi platform that seeks to lower the barriers to entry into the decentralized finance (DeFi) ecosystem for all users. It combines all the benefits of CeFi services and offerings native to the DeFi ecosystem.
The Choise.com protocol promises to make DeFi offerings simpler and more accessible for both retail and institutional inventors. Currently trading at $1.02, Choise.com has continued to chart a resilience and an ambitious growth trend, soaring by 86.69% since its listing in June, according to CoinCodex’s data.
Through its Charism platform, a suite of products including non-custodial wallets, cross-chain bridges, NFTs, transaction builders, and other solutions, the Choise.com platform can serve as a reliable gateway for anyone looking into the crypto ecosystem for additional income.
Conclusion
Investing in the digital currency ecosystem at this time comes with a whole lot of uncertainty. With high volatility in the order of the day, investors may lose a lot of funds if they stack up on tokens that are generally prone to fall in line with market forces.
Notably, coins with a history of defying market onslaughts are ideal to buy, however, investors need to do their due diligence in not buying a token that is growing out of hype.
While these profiled tokens are high fliers per current market data available, it is highly recommended that traders do their own proper research before pitching tents with any token irrespective of its promises.