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The crypto industry has been suffering severe losses throughout 2022, during a bear market that started all the way back in November 2021. There are many who believe that the current bearish period is a natural part of the crypto cycle, which regularly sees the prices skyrocket to new heights, which is then followed by a lengthy period of harsh corrections. While the market has been in a different situation than it was back in 2018 due to the much stronger position that the crypto industry now holds in the world, the bearish part of the cycle is still unavoidable.
However, this doesn’t mean that there are no opportunities to be found in the crypto sector, even now. In fact, many believe that the market has already pushed crypto prices to their bottom. If that is the case, then buying coins now is the perfect opportunity to buy cheap and then watch your investment grow. Of course, it also matters which coins and tokens you invest in, as purchasing cryptos that have yet to reach their potential can be a lot more profitable than buying those that have already peaked, or reached close to their peak. This is why we focused on lesser-known altcoins.
The crypto industry is still as volatile and as unpredictable as ever, of course. With that being the case, there is no guarantee that the market will not push them down further, nor that they will, in fact, reach great heights. All that we can say for sure is that the following list consists of strong projects that have the potential to see gains, and we believe that they will, once the market allows it. With that said, here are the coins to keep an eye on this July, and potentially buy if you happen to see the same potential as we do in them.
The first on our list is Persistence — a project whose goal is to enable exposure to multiple asset classes, including liquid staking, non-fungible tokens, and synthetics. Its mission is to create an ecosystem of multi-chain Web3 products that were designed to stimulate global liquidity and enable seamless value exchange.
The project also has its token, XPRT, which is used within its ecosystem for staking, chain governance, as well as a work token. The project is among the pioneers of the PoS industry, and it supports upcoming PoS networks.
To learn more visit our Investing in Persistence guide.
Next up, we have Pluton. This is a cryptocurrency that launched in 2016 on Ethereum’s platform, and its goal is to allow users to earn their cryptos, instead of having to spend their own money on buying it. Of course, purchasing tokens is still an option that the project offers in its app, but it also encourages getting rewards that will allow your crypto balance to grow.
The project’s main purpose is to help users pay for things using their cryptocurrencies, and in exchange for using its Visa Debit Card, the project lets you earn a certain percentage back in PLU tokens. The percentage can be anywhere between 3% and 8%, and it depends on the amount staked.
To learn more visit our Investing in Pluton guide.
In the third spot, we have Ertha. Now, this is a metaverse game that offers a virtual copy of the planet Earth, and in this digital world, the planet is split into 350,000 equal territories called HEXes. Each HEX is represented by an NFT, and by buying and holding that NFT, the holder becomes the owner of the land. Each parcel of land is located in one of the world’s countries, which represents communities.
This is where the gaming element comes in, as each land owner gets to take on a role, whether in the government, the army, become a scientist, or something else. By role-playing and fulfilling their duty, players get to strengthen their own country, help invade others, protect their community, govern it, and more.
To learn more visit our Investing in Ertha guide.
Moving on, we have Elastos, which is a project that aims to become the blockchain-powered version of the internet. The idea for this project originated long before even Bitcoin was invented, all the way back in 2000. But, it only launched in the blockchain industry in 2017. The team behind the project believes that Ethereum’s scaling limitations are one of the biggest problems in the crypto world, its smart contracts are slow, and the project is not flexible, which makes it inconvenient for dApps.
Elastos aims to offer an alternative — a platform specifically made for decentralized applications, where they can run freely, unburdened by the limits of the Ethereum network. Plus, it allows users to run the apps off the internet, by using Smart Web, with one of the greatest benefits of this approach being increased security, and placing users out of reach of malicious software.
To learn more visit our Investing in Elastos guide.
The fifth on our list is Gnosis, a project that acts as an Ethereum forerunner-companion that aims to address scaling issues by employing solid engineering. The project and its blockchain are the associated execution-layer EVM used for stable transactions. Gnosis’ mission is, and has always been, on using experimental methods to build a decentralized infrastructure for Ethereum’s ecosystem.
Initially, the project was focused on creating prediction markets to enable access to accurate information worldwide. However, along the way, it became clear that Gnosis needed the infrastructure that will support its prediction markets. So, technically, its Gnosis Safe product was created out of necessity.
To learn more visit our Investing in Gnosis guide.
Halfway down the list, we have Pawtocol, which, as the name suggests, is a global online community of pet lovers. The project’s goal is to disrupt the pet industry by involving blockchain technology in the mix and leveraging it to monetize data about their pets. The idea is to use this approach to improve owners’ purchasing experience, help veterinarians deliver better care, and alike.
The project’s overall mission is to create new solutions to strengthen the pet community and bring value back to its members. At the same, it wishes to provide help to rescues, as well as shelters that need assistance in handling animals that were left on their own.
To learn more visit our Investing in Pawtocol guide.
7. Assemble Protocol
Next, we have Assemble protocol, which is a project that claims to be a blockchain-based global point integration platform. It claims that the basic idea behind the protocol is to offer unrestricted opportunities for users to use their points, similar to how they use cash.
The idea is to make it available anywhere in the world, without any limitations such as time and place. Furthermore, the project aims to enable point providers and Assemble partners a new pool of opportunities for further expanding their businesses, as well as access to a rich pool of users.
To learn more visit our Investing in Assemble Protocol guide.
8. Reserve Rights
Moving on to number eight, we have a project called Reserve Rights, which is an Ethereum-based utility token that serves two purposes within its protocol. The first one is insuring Reserve stablecoins through staking, and the second one is governing them through proposing and voting on their configuration.
While acting as a governance token is an important use case, the second use case is even more valuable, as it allows the token to secure stablecoin owners in the event of a collateral token default. And, of course, it also allows users to stake RSR tokens on multiple RTokens, or not stake them at all if they choose so.
To learn more visit our Investing in Reserve Rights guide.
9. Harvest Finance
In the ninth spot, we have a token called Harvest Finance, which is described as a project that allows automated farming of the highest available yield from the newest DeFi protocol. On top of that, it also optimizes the yields that are received via the latest farming techniques.
The project has its own native token, FARM, which acts as a governance token for the Harvest Finance project. By holding FARM, community members can vote on various proposals for the FARM operational treasury, but that is not all — they also stand to receive 5% fee from Harvest operations.
To learn more visit our Investing in Harvest Finance guide.
Moving forward, we have Biconomy, which is a multichain relayer protocol whose goal is to improve the user onboarding process, as well as transaction experience for the existing users of decentralized apps. In other words, this is a project that wishes to make Web3 products as intuitive as Web2 products that people know and use today.
The crypto industry has had a theory for a long time that the adoption rate is low due to the industry’s complexity, which can be intimidating, especially for users who are not tech-savvy. Over the years, the crypto world got much easier to understand and get into, but Biconomy believes that there is a lot more work to be done when it comes to simplifying crypto processes, and its goal is to be the one to do it.
To learn more visit our Investing in Biconomy guide.
Nearing the end of our list, we have Solanium. This is a decentralized platform targeting fundraising and trading within the Solana ecosystem. The platform comes with DEX UI, the ability to access staking, participate in project governance, launch new cryptos using its launchpad, and also with wallet management.
It has a native token, SLIM, which can be staked to receive xSLIM, which is then used for early or exclusive pool access, gaining launchpad fees, getting better odds in the project’s lottery, and voting on governance proposals.
To learn more visit our Investing in Solanium guide.
Lastly, we have Streamr, which is an open-source project and decentralized platform that uses cryptography. It is a P2P, real-time data infrastructure that offers a platform, as well as tools, for a new data economy. Its tech stack includes a scalable real-time messaging network that is hosted on computers around the world, as well as a marketplace for trading and selling data, and accompanying tools for working with data.
Essentially, the project aims to use its native token, DATA, to create decentralized infrastructure and, to an extent, a comfortable and prosperous information market.
To learn more visit our Investing in Streamr guide.
As you can see, the crypto industry is ripe with opportunities, with a rather rich selection and great diversity between the projects. Again, we cannot guarantee that any of them will go big. However, given their use cases, goals, technology, and alike, we expect great things from these projects. So, if you happen to like any of them, check them out, research them, and if you still believe in their goals after that — consider investing.