When most people think of cryptocurrencies, the first thing that comes to mind is Bitcoin. The key currency of the online tokens is of course of enormous importance for the entire market. However, one should not forget that the entire industry has now grown significantly in breadth. Investing in new coins can be a smart and sensible move, especially at the beginning, that can pay off in the long term.
CRO - an Ethereum cryptocurrency with potential in 2022
The CRO is an Ethereum coin that is intended to be used by crypto.com Pay. This service is intended to offer users the opportunity to buy goods and services with it and even receive reimbursements for the transactions. These are subsequent discounts or profit sharing.
Investors who invested in CRO early on have seen tremendous returns. But users who only got on board last month can now look forward to a whopping price increase of more than 380%.
The coin reached its previous high on November 24th at just under € 0.87. Since then, it has lost value and is currently leveling off at just over € 0.70, a good 18.5% below the all-time high. However, a look at the 52 week overview shows the enormous potential of this coin. The 52-week low was 0.048 euros and the high during this period was the already mentioned 0.865 euros.
There are several reasons for the strong performance. On the one hand, it must have been the numerous announcements that the Crypto.com project has made in the last few days and weeks. For example, the developers announced that they had acquired the naming rights for the Lakers Stadium in Los Angeles. The crypto platform is said to have paid $ 700 million for this, as Manager Magazin recently reported.
The enormous types of growth of CRO can also be attributed to the community's own vote. The aim of this government vote is to upgrade the CRO Chain Mainnet comprehensively. This should then initiate the so-called Draco-2 phase, which should enable coins to be issued directly via the crypto.com chain.
Cheap cryptocurrency with potential: Elrond
Elrond LogoWhen Elrond (EGLD) is it is a high-performance public block chain, which was created in which the so-called Shade ring is used to a particularly fast transaction throughput and scalability to offer. This means that the data is divided into smaller segments and then distributed over several network starts. This means that more transactions can be completed per second. The goal of Elrond is to build a central platform that offers particularly high performance, especially when compared to centralized networks.
The course of the course shows the EGLD to be right. The price on November 25, 2021 is just under € 390. It is 21.5% below the all-time high of November 23, which was € 484. However, one must not forget that the 30-day low is € 203. A look at the 52-week course shows a low of just over seven euros, which dates on November 26, 2020.
Elrond course has exploded in the past few days
If you look at the course of the last few days, it is noticeable that this has risen sharply from November 19th. Although it lost value again in the days after November 25th, the current value is still well above the values at the beginning of the month. The following graphic shows the impressive course of Elrond's share price.
It can be assumed that the announcement of the Maiar DEX platform developed by Elrond should be responsible for the course of the last few weeks. The DeFi platform is to be managed directly by the community. To push the start, the company introduced an incentive program in the form of liquidity bonuses.
This allows users to provide US DC, MEX or EGLD funds and thus earn rewards. The reward will be distributed in MEX, Governance Token and Maiar Utility. According to the operators of Elrond, around USD 1.29 billion in cash are available for this purpose.
Cryptocurrency with the greatest potential? Voyager token doubles in value
The Voyager Token (VGX) is still one of the smaller projects in the crypto world. The market capitalization is around $ 1.5 billion. The performance certainly knows how to impress. In the last 30 days, VGX has exactly doubled its value.
So on 10/26 it was $ 2.14. On 11/25, it was dated at approximately $ 4.30. The coin can deliver even more impressive numbers if you look at the longer-term trend. In this way, it was able to increase in value by a full 2750% within a year. In the last two days, the price plummeted again, although there is still no sign of a trend reversal. Right now it is clearly the cops' turn.
The question that naturally arises now is whether VGX will be able to crack the all-time high of January 6, 2018 again in the future. At the time, the coin was valued at $ 12.47. The current price is almost 65% below the best value at the time. In view of the course of the last few weeks and months, however, it cannot be ruled out that the Voyager token can start an attack on the old maximum value, and also successfully carry it out.
VGX receives a tailwind from positive news. The coin was integrated into the Coinify payment platform, which is used to process digital payments. This will improve the distribution and importance of the Voyager token beyond its own network, emphasizes the CEO of the project Steve Ehrlich.
The best cryptocurrency with potential - conclusion
While the major cryptocurrencies have significantly slowed their growth rates, the opportunities for investors have long been in the second and third rows.
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