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Retiring early is Gen Z’s obsession. Understandable, who doesn’t dream to be financially independent and retire in the countryside to raise some sheeps?
There’s no secret to it, you’ve got to make your money work or in other words, invest. As our beloved Warren Buffet so eloquently said, you must find ways to make money while you sleep.
With the three cryptocurrencies mentioned in that article, you might have a shot at it. They’ve all launched very recently – one of them is even still in its presale stage – and show promising potential for the months and years to come!
ApeCoin (APE) is about to celebrate its one-month anniversary, having launched last 17th March. ApeCoin is the newest initiative within the APE ecosystem, which originated through the ultra-popular Bored Ape Yacht Club (BAYC) NFT collection.
BAYC is a Non-Fungible Token (NFT) collection consisting of 10,000 algorithmically-generated profile pictures featuring apes with varying physical and clothing attributes that indicate different rarity levels.
From rapping star Eminem to football player Neymar Jr., many celebrities have been attracted to the BAYC collection’s imagery and perks it includes and decided to buy these NFTs for themselves.
In fact, owning a Bored Ape – or Mutant Ape, an alternative collection issued by the same entity – gives you access to exclusive events held in prestigious locations and hosting famous personalities.
Therefore, following its market launch, APE quickly became one of the most traded assets in the 1,000 largest Ethereum (ETH) wallets and was amongst the Top 10 most-bought tokens. Within its first week of trading, APE performed a stellar +1,200%!
Now that investors had some time to tame their excitement, APE steadily went down over the past week, now trading around $11.
Nevertheless, with major exchanges like Coinbase and Binance having listed APE on their platform, and given BAYCs and NFTs continued popularity, it is expected that we will see ApeCoin soar again in the future.
STEPN (GMT) is another project that was launched recently, early last March. Similar to ApeCoin, STEPN’s market launch performed strongly, with the crypto community welcoming the project with much enthusiasm.
STEPN describes itself as a “Web3 lifestyle app” that essentially aims at gamifying fitness and rewarding its users’ physical effort. On STEPN’s platform, users can mint NFTs in the form of sneakers that they can then use to walk and jog and be rewarded with cryptocurrency that can be exchanged for real-world money.
This project certainly isn’t the first of its kind, aiming at monetising physical effort, but STEPN definitely is one of the first projects to leverage blockchain technology in order to do so, probably contributing to its explosive market launch.
In fact, STEPN’s native token, GMT, soared over 1,500% since its trading debut about a month ago, reaching an all-time high of over $3.
Moreover, GMT stands for Green Metaverse Token, a clear attempt from STEPN’s team to highlight the project’s sustainability in face of the numerous criticisms targeting cryptocurrencies’ energy consumption and environmental impact, particularly those that resort to the Proof-of-Work (PoW) consensus mechanism.
Now trading around $2.40, GMT is an interesting cryptocurrency to keep your sight on!
Quitriam Finance (QTM) is an interesting project that has just recently started its presale and will be listed on the secondary market in the coming weeks.
Quitriam Finance is working on a cryptocurrency aggregator that will centralise a variety of crypto-related services in the form of a dynamic and interactive ecosystem.
As a multichain project, Quitriam Finance will be able to leverage the strengths of different blockchains at the same time. This will allow Quitriam Finance’s ecosystem to run transactions a lot faster than other “unichain” projects, or based on a single blockchain.
Multichain projects that aim at providing ultra-fast transactions are currently flourishing, as Explora Chain (EXPL), another comparable project, shows. Just like Quitriam Finance, Explora Chain aims to deploy on Ethereum, along with Binance Smart Chain (BSC), Polygon (MATIC), Solana (SOL), and Avalanche (AVAX) networks.
In the project’s whitepaper, the Quitriam Finance team states that its network will be able to handle a maximum of 50,000 transactions per second (TPS). That has yet to be confirmed with the project’s launch but if that is to be the case, the Quitriam Finance network would be tremendously faster than industry-leader Ethereum, able to process only around 15 TPS.
Providing Quitriam Finance keeps its whitepaper promises, the project could surely become a strong player in the crypto space, even rivalling Solana, a highly popular Layer 1 (L1) blockchain that has caught strong attention over the past months due to its lightning transaction speed, hovering around 65,000 TPS.
With its presale currently taking place, Quitriam Finance’s native token, QTM, is priced at $0.000014, up about 27% from its initial price of $0.000011, give their website a read!
Presale: http://presale.quitriam.io/
Presale: https://presale.explorachain.io/login
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
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