The flash crash came and went. Many projects have recovered. But some haven’t. And even the recovered projects are still down for 2024. Most projects are suffering. But the flash crash opened up some opportunities.
So today, 3 high-quality projects available at a discount since the flash crash.
The ASA $FET
Recovery from the flash crash of a couple of weeks ago has been uneven. To say the least. So our method today is we searched the top 100 projects on CoinGecko. Then we
- Excluded memes
- Excluded project specific events
- AND we looked for great projects that have not recovered their pre-flash crash price.
So the first today is ASA. Trading under the symbol $FET, this is the merger of 3 projects including Fetch, Singularity, and Ocean Protocols.
This token was already down in comparison to its merged price of $1.26. It’s currently at 85c or down 35% from that merger price.
It’s also down 24% since the flash crash. That means it did not recover its price the way many projects did.
Because project mergers in crypto are so rare so far, this is an added risk to investing in $FET. That said, the recent price declines we’ve seen mean that the downside risk is less since there is inherent value in the project.
Could it go to zero? Yes, sure. Any project can. But the chances this one does are VERY LOW.
So our downside risk goes down from the $1.26 merger price to its current price of 85c while the growth prospects remain the same. AI and crypto need each other for autonomous tasks and autonomous payments. It’s hard to picture a scenario where AI and Crypto are successful, but the ASA is not successful.
We expect this alliance to be one of the leading AI crypto projects now and into the future.
The Graph $GRT
Next we have The Graph. We’ve been following The Graph for a couple of years now and it’s in our Master Portfolio.
It’s had a good last 12 months where it’s up 33%. But the last 30 days and the time since the flash crash have been unkind. It’s down 37% and 23% in the last 30 and 14 days.
That sounds like opportunity to us.
We love The Graph’s story and position as a leader in infrastructure for block explorers and other tools to query blockchain data. Most of the biggest ecosystems use their products.
It’s just simply one of the best projects in the industry. And right now, as you can see in this chart, you are able to buy The Graph at under 15 cents or at the same price it was in late October or November of last year. It’s a great deal for a top project.
While there are a zillion infrastructure projects in crypto, there are not many that are essential for project success the same way The Graph is. Users need it and developers need it too.
It’s why we watch it at many different price levels and are still bullish on it.
Mantra $OM
Last today we have Mantra.
Mantra is making a huge splash in the RWA sector. And you know that RWA is one of the hottest sectors in the industry. Mantra’s goal is to be the first fully compliant Layer 1 chain. That’s compliance with real-world, TradFi regulatory agencies.
The idea is simple, but expensive to develop. A compliant chain means that any asset from any registered and compliant business can
- Create a tokenized asset
- List one to sell on their marketplace OR
- Buy or sell on behalf of themselves and their clients.
The apps built on Mantra will be permissioned. To be compliant they will need KYC or KYB programs in place. But Mantra itself is permissionless like other Layer 1’s we prefer.
To show just one example, here we have a marketplace for leased commercial aircraft. For many airlines, leasing is a better deal than owning their planes.
When you see commercial planes, it’s normal to assume airlines own them
But what many people don’t realize is that they’re most likely leased aircraft
… And AviationFi is an RWA market @MANTRA_Chain is tokenizing with UAE’s Novus Aviation Capital ✈️✈️ pic.twitter.com/0HDsDT6cCq
— defisushi (@defisushi) August 19, 2024
Plus, they have an airdrop of their $OM token coming soon. Mantra has absolutely crushed it up over 4000% in the last 12 months.
They are up a respectable 20% in the last 3 months as well. But then the last 30 days, which includes the flash crash, sees Mantra down 36%. Part is from the crash but we also think part of this drop is just taking a breather before taking its next leg higher as RWA continues to grow.
Mantra looks to be making all the right moves. They have a partnership with Ondo, another RWA leader. Their vaults for SOL paying 6% and ETH and MATIC paying 4% are sold out due to high demand.
Mantra is positioning itself as the easiest option so far for TradFi to come in and tokenize the assets of their choice for their clients and other investors.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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