DeFi

The Ultimate Cryptocurrency to Buy Today

Published

9 months ago

11 May, 2024

The Ultimate Cryptocurrency to Buy Today

Strong fundamentals and promising prospects make it the top pick.

There are many cryptocurrencies worth considering in the current landscape, but if I had to choose the one with the greatest upside potential, Ethereum (ETH -4.28%) takes the crown.

While Bitcoin (CRYPTO:BTC) generally holds the title of ultimate cryptocurrency regardless of market conditions, Ethereum demands recognition and could be an ideal opportunity for investors.

The essential

On several fundamental metrics, Ethereum is strong, with robust decentralization and security features second only to Bitcoin. Its extensive feature history further solidifies its status as a top competitor.

But the main reason why Ethereum is my choice as the ultimate cryptocurrency to buy today has to do with the gap between its current price and its all-time high. In April 2021, it reached a price of over $4,600. Today, it trades at around $3,100, presenting an opportunity to capitalize on a 40% upside if it returns to its former glory.

Being below its all-time high does not automatically make it a profitable investment, but the substantial deviation from its peak value is particularly attractive due to promising future events. One of them is the potential approval of an Ethereum ETF by the Security and Exchange Commission.

The next crypto ETF?

Following the approval of spot Bitcoin ETFs, Ethereum ETFs appear to be the next logical step in the convergence of traditional finance and crypto. With its own ETF, Ethereum would be open to a broader investor base in the stock market, injecting new capital and potentially driving up its price.

There are some concerns about when approval will occur, as government agencies struggle to categorize Ethereum as a security or commodity, like Bitcoin. If it’s a title, the chances of approval seem unlikely.

But given the Commodity Futures Trading Commission chairman’s comments that Ethereum is a commodity, as well as the growing appetite of investors seeking exposure to it, approval is likely to happen one day. And if so, it could create new demand as Wall Street looks to get its hands on the world’s second most valuable cryptocurrency.

The future of finance

Another factor in Ethereum’s appeal is its central role in the future of tokenization, which involves the digitization of real-world assets such as real estate, stocks, bonds and other financial instruments and their representation in the form of digital tokens on a blockchain.

Analysts expect the tokenization market to be worth $10 trillion by 2030. Thanks to its sophisticated smart contract capabilities (the foundation of tokenization assets), as well as its security and decentralization proven, Ethereum is able to become the preferred blockchain for tokenization projects. .

This move towards tokenization could revolutionize traditional financial markets, providing greater efficiency, transparency and accessibility. black rock CEO Larry Fink says tokenization will be “the next generation for markets.” And it appears that BlackRock, the world’s largest asset manager, is putting its money where Fink’s mouth is, launching a tokenized money market fund on the Ethereum blockchain in late March.

The undisputed champion of DeFi

Although the future of Ethereum looks bright as it begins to be leveraged in new and innovative ways, blockchain currently dominates one of the major sectors in crypto: decentralized finance (DeFi). Brimming with potential, the DeFi economy is made up of non-fungible tokens, stablecoins and more. Although Ethereum is not the only blockchain to offer DeFi functionality, it is clearly the leader.

Today, approximately 60% of the value of the DeFi economy resides in Ethereum, making it an ideal indicator for investors wanting full exposure to the sector’s burgeoning potential. The DeFi landscape is often described as highly competitive, but the reality is that crypto remains the undisputed champion. With its clear plan to introduce upgrades and increase its capabilities, Ethereum will likely widen the gap between it and its competitors in the years to come.

Ethereum is one of the leading cryptocurrencies on the market. With several catalysts on the horizon, it has near-term appeal as well as serious long-term potential, making it the ultimate cryptocurrency to invest in today.

RJ Fulton has positions in Bitcoin and Ethereum. The Motley Fool posts and recommends Bitcoin and Ethereum. The Mad Motley has a disclosure policy.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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