Despite recent valuations, within the weekly buildup, the cryptocurrency market is still in a bearish cycle. While investors take advantage of the present moment to earn short-term profits, others choose projects that may emerge in the next bullish cycle.
Trader who identifies himself on Twitter as Corleone published His view on some projects whose tokens have the potential to do well in a bull cycle. The listed protocols range from NFT marketplaces to decentralized earnings platforms.
Behind the beanie
he is from common understanding In the cryptocurrency market, assets with a lower market cap are likely to post gains that are much higher than average. These projects are the equivalent of the “small capital” of the stock market. However, just having a low market value is not enough. The characteristics noted by Corleone are: support from VIPs, rational proposition and financial sustainability.
One of the projects referred to by the trader is Timeless, whose symbol is LIT. The idea of the protocol is to enhance the configurability of Decentralized Finance (DeFi), by allowing users to speculate on income rates from different platforms. This is possible through the different tokens offered by the platform, linked to different income strategies.
The market capitalization of LIT tokens is around $5 million, and Corleone believes that Timeless is the “next generation of DeFi.” Furthermore, he notes that personalities involved in other decentralized ecosystem projects like SudoSwap and Gearbox are running on Timeless.
Another encoding asset on the list is JPEG, from the JPEG’d platform. The purpose of this platform is to allow users to use NFTs as collateral for borrowing. JPEG has a market value of $18 million, which is backed by well-known figures such as Tetranode. The positive point that Corleone highlighted is the project’s treasury, which holds more than $50 million in Ethereum (ETH) and Curve DAO Token (CRV).
CNC is the token of the Conic Finance protocol, with a market capitalization of $25 million. The idea of the platform is to make it easier for the user to access the liquidity pools of the Curve exchange, ensuring exposure to different liquidity options in a single interface. Corleone points to the active involvement of the team behind Curve as a positive point.
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