Cryptocurrencies are gaining momentum and recovering lost value, with Bitcoin, for example, experiencing a 160% increase from its peak of over $60,000. Despite not reaching its peak in 2021, many tokens have recovered significant momentum. Bitcoin’s recent surge to over $45,000, a 160% increase, serves as a positive indicator of the cryptocurrency landscape’s overall performance.
And since the cryptocurrency landscape has been performing well, there are a few cryptocurrencies that have the potential for some exceptional value accrual. While finding the ones that present such possibilities is hard, considering the unpredictable nature of the landscape in general, we have a few tokens that bear some resemblance of certainty, at least with regards to value accrual. Let’s dive into them below.
VeChain (VET)
VeChain (VET) is a blockchain network with smart contract functionality that provides software solutions for firms. Its popularity is largely attributed to the enterprise supply chain solution it offers, which can track shipped products. This grants VeChain (VET) actual use cases spread throughout various sectors, such as the fashion, beverage, food, and automation industries. Because of this, it has swiftly obtained partnerships from numerous prominent businesses, with its native token, VET, being among the largest cryptocurrencies by market capitalization. While VET has fallen considerably since its all-time peak in late 2021, with the current trajectory the landscape is taking and its solid use case, the token may yet gain significant momentum and leap past its existing price of $0.029.
Cardano (ADA)
Cardano (ADA) is among the first blockchain networks to utilize the proof-of-stake (PoS) consensus mechanism. It is structured to be an efficient substitute for proof-of-work (PoW) blockchains. Its underlying system is intended to evolve into providing numerous use cases, and those who stake their ADA can then govern the network. Its native token, ADA, has an existing market capitalization of more than $17 billion and is currently among the top ten tokens out there. Currently trading at a price of approximately $0.51, ADA has been gaining some momentum, and chances are that it may well be on track to recover and cross that $2 mark again, which it only managed to do in 2021.
Option2Trade (O2T)
Option2Trade (O2T), a licensed trading platform, which seeks to bridge the world of traditional finance with cryptocurrency. To that end, it provides traders access to indices, forex, stocks, and commodities in conjunction with various cryptocurrencies. As an added bonus, it plans on launching its own token, O2T, which will fuel its entire ecosystem, bolstering its services while providing its investors with yet another asset to invest in. With such a solid use case at its disposal, the O2T token is poised to acquire growth, and with the starting price during its token presale just being $0.007, there is no telling how significant that growth will be.
Final Thoughts
The cryptocurrency landscape has hit its absolute bottom long before, and it is on track towards recovery, as evidenced by Bitcoin’s and several other tokens’ rising prices. Amidst the phase, there will be some tokens that will present enormous opportunities for growth, and O2T, ADA, and VET might just be one of them.
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