Listen up. The next bull run is gonna come. I expect it to be around the next BTC halving. So, we’re still a year away. In other words, this is the time to start accumulating in coins that make that 50x—100x jump. The time to set up your crypto strategy. But I also would like to clarify something. When I say 50x-100x, I mean the peak market cap these coins can reach. So, be aware, that is not the coin price. Because, right now, I can’t account for inflation.
The 3 coins I’m going to discuss all have a marketcap below $50 million. To clarify this, a 50x means $2.5 billion and a 100x means 5 billion. A Web3 business, with a value of over $5 billion, IS NOT sustainable, without a proper revenue structure. However, there are a few exceptions. We’ll show our crypto strategy in this article.
Coin #1: Chainge (CHNG)
So, the first token I’m going to talk about in this crypto strategy is CHNG. Chainge Finance is a cross-chain aggregated DEX. A one-in-all mobile only wallet. Of course, non-custodial. This means that you are responsible for the private keys. In other words, you have control over your digital assets.
I told you already plenty of times that cross chain will be the future for blockchain. Well, Chainge allows you to send, receive, and swap on 24 different chains. This also includes non-EVM chains. But that’s not all, they offer more, for example:
- Margin Lending.
- Earn program.
- Options DEX.
- Escrow services.
- DEX Aggregator.
💥 Why should you use the Chainge Finance app to store and trade crypto?
🛡️ Your keys, your assets. Period.
💸 The most liquid cross-chain aggregated DEX = $70Bn+ in aggregated liquidity = best trading prices
🔀 One tap interoperability solution = over 30 integrated chains pic.twitter.com/IvHEcIAjg8
— Chainge Finance 🪢 (@FinanceChainge) November 9, 2022
Currently, their app has over 100K downloads. Their CHNG token also has good utility. You can use it for governance and pay gas fees across all supported chains. The token is also deflationary. I like that a lot, and this is usually a good sign. Chainge Finance buys back the token using 25% of their profits and burns them on a regular basis.
The Chainge Team
Their CEO has a strong DeFi and tech background. But my research team couldn’t find much info on the rest of the team. However, DJ Qian has extensive IBM experience and is CEO of BITSE (he founded Vechain and Qtum). He is also the CEO of the FUSION chain foundation and one of Anyswap co-founders. You may know Anyswap better as Multichain, another cross-chain protocol.
Partnerships are forming. For instance, GMX recently became a partner. They also keep adding new tokens to their platform. The team is active on social media platforms, like Twitter and their blog on Medium.
The CHNG token price is $0.083134 with a market cap of $33.9 million. Out of a max supply of 814.67 million tokens, 408 million already circulate. That’s a good 50%. Over the last 30 days, the token went up by 45%. That’s not as much as other tokens did. But listen to this, over 1 year, it only lost 7.3%. There are few tokens that can boast this. With an ATH of $0.2, things are looking good for CHNG.
🪢 Chainge's cross-chain roaming is the only universal interoperability solution that is decentralized, multi-operational and 100% secure.
🤓 Let's get techy and find out why + how any project can go full #crosschain & aggregate top liquidity by integrating our SDKs:
— Chainge Finance 🪢 (@FinanceChainge) January 31, 2023
A token to keep an eye out on. What do you think? Will CHNG do 50x or 100x? And we go to my next pick, the Litentry token. LIT.
Coin #2: Litentry (LIT)
Litentry focuses on identity. As I recently mentioned, that’s an area that I expect to be big this year. As they say on their website, they help you to exist in a digital world without KYC. Well, that sounds good to me! This is the second token of our crypto strategy.
Litentry is also a project that we have been following for quite a while. Recently, they appeared in two of our videos. (1 and 2). I dare to say that they are currently the strongest project in the DID (digital ID) space. Once Web3 goes mainstream or CBDCs go common, you will need your DID. It will be crucial. In other words:
- Litentry allows you to link your user identity across various chains. You keep control over when, what, and to whom you share your data. That’s real self-sovereignty.
- Your pseudonymous identity becomes verifiable, without anybody seeing you. This can cut bias and discrimination.
Understanding the Litentry Credit Computation network from original events -> Address Analyzing Nodes -> Litentry Identity Aggregation Layer.
Watch the video now: pic.twitter.com/DYSqySnNWC
— Litentry (@litentry) February 21, 2022
So, to explain this as simply as possible, imagine this.
- Litentry packages and repackages your data content.
- However, they add cryptographic proofs and digital signatures. These come from the subject and messengers of the messages.
- This creates a new data standard. In turn, you get selective disclosure and maximum cross-chain options.
- As a result, this creates trust between organizations or projects.
LIT Token Utility
So, they are a real cross-chain identity aggregator. Litentry is part of the Polkadot ecosystem. They can boast some of the best tokenomics in this ecosystem. The LIT token has lots of utility, for example:
- You pay any fees on the chain in LIT.
- If you set up an indexed identity database as a third party, you receive LIT as a reward.
- You can become an identity registrar by staking LIT.
- Use it as collateral for lending and borrowing in DeFi.
The current price of the LIT token is $1.12 with a market cap of $44.4 million. Out of the 100 million total supply of tokens, 39.6 million circulate. So, that’s only 39%.
✨Data stardust is our digital footprint; Verifiable Credentials are data constellations that illustrate our virtual characteristics.
Each VC is a piece of us, allowing us to control the narrative of our identity and craft the story we want to tell.
— Litentry (@litentry) February 8, 2023
So, what do you think of Litentry? How do you see the development of DIDs? Do you think digital ID will be as big as I expect it to be? And here is already my last token for today for our crypto strategy, Parsiq.
Coin #3: Parsiq (PRQ)
Parsiq with ticker PRQ is already a 5-year-old project. During the 2021 bull run, this token did x60. It can do this again in the up-and-coming bull run. I haven’t covered Parsiq for almost 2 years. So, time to get reacquainted.
Parsiq is all about data. As a matter of fact, they provide tailor-made data. This can be historical or real-life data. Another interesting point is that Sui follows Parsiq. For instance, they don’t follow Chainlink or Graph. They are active in the same field. Parsiq also has interesting and solid business offerings. For instance:
- B2G business to government.
- B2B business to business.
- Or B2C business to consumer.
PARSIQ launches ABI Decoder on #TsunamiAPI – making data more valuable & easier to understand! ⚡️
✅Decode events for any contract
✅Receive custom data, instantly decoded & delivered
✅Integration w/ real-time filters to monitor specific events
— PARSIQ | go-to backend for #web3 applications 🌊 (@parsiq_net) February 9, 2023
Their tokenomics are also good, with almost 60% of their tokens already in circulation. That’s 177.8 million tokens out of a max supply of 310 million. The current price of the PRQ token is $0.165114. Their market cap is $30 million. So, all good signs. The token is also listed on almost all big exchanges. For example:
But, interestingly enough, not on Binance yet. Another moment to look forward to. If or when Binance lists PRQ, we may see another positive price impulse. Also, the team is fully doxed, and you can find them online. Another good sign. So, all around, do you see why I listed Parsiq? It’s all about data and digital IDs.
The #blockchain data space is growing 🚀
Whether it’s being used to power killer #dApps or feed the latest #AI models, easy access to #Web3 data is fundamental for success 🤝
Learn how our #APIs make data more valuable 👇https://t.co/wbLBmJPp2R#TsunamiAPI #BigData #DeFi pic.twitter.com/aeFUgO3nST
— PARSIQ | go-to backend for #web3 applications 🌊 (@parsiq_net) February 8, 2023
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