SmartBCH Reloads!

SmartBCH launch coincided with the end of the bullish market sentiment. Yet, it managed to prove a lot during this limited time.

Perhaps smartBCH so far didn't help BCH price as we expected, still, the price of BCH is tied to the overall market conditions as every other cryptocurrency.

Money entering the field is reduced, while stable coins sustain the high trading volumes in exchanges.

Eventually, the market will shift its bias to utility, a feature that boosts the strategic importance of smartBCH and Bitcoin Cash.

SmartBCH Next Phase

SmartBCH, during this test stage of its first year, demonstrated reliability, robustness, and competence. Abilities the Cryptoverse noted and should support smartBCH to contest at the highest level of the smart contracts field.

Utility will surpass any minor drawbacks and startups will find development opportunities and support.

Some established DEXs like MistSwap, TangoSwap, and BenSwap contributed vastly to the ecosystem and supported smartBCH and Bitcoin Cash.

MistSwap currently holds the top TVL in smartBCH. Many expected MistSwap to achieve the first place due to the constant developments and the unique utilities it deployed (SmartBCH bridge, Analytics, governance, etc.).

Verse is the most recent addition to smartBCH, which immediately boosted TVL and helped imrpove the sentiment. Backed by Bitcoin.com, the new DEX secured $33 million from an initial (private) funding round.

Verse sets sail for a lengthy and prosperous smartBCH journey. Verse can become the decisive factor that will herald the new era of smartBCH developments and adoption.

The community is waiting with enthusiasm for the the public sales, and we should expect volumes to spike in smartBCH. Verse token will host public sales next month, another positive event that is expected to attract considerable volumes.

BlockNG is also a prominent participant in smartBCH DeFi, produced more developments and a rising TVL, currently reaching the 4th place on the DEXs list.

Goblins Cash is a pleasant surprise in TVL terms since it holds the sixth spot currently.

On the NFT front, the top projects are developing according to their roadmap, and we find interest increasing in Gambling Apes Club, LawPunks, and NFT Club (Shorai, Pixel Guy, and Kensho collections).

LawPunks floor price touched 1BCH! A remarkable achievement, profiting participants of the mint (that still hold) with at least one hundred times their initial investment.

Gambling Apes proceeds according to the roadmap, and every top smartBCH project invests in infrastructure and creates tools that increase sustainability and expansion.

The overall sentiment toward NFTs appears to be negative lately. Still, conditions in smartBCH NFTs can change in the blink of an eye.

Overall smartBCH delivered dozens of promising projects with some of them having all the merits to succeed in the long run.

We should expect more of them in the future. However, pointless projects will always appear, so we have to protect each other and support what deserves our support.

In Conclusion

(Picture by Gam-Ol, on Pixabay, modified)

SmartBCH will surprise everyone. It already achieved a lot, as in just the first few months, multiple financial platforms, dapps, and NFT projects were developed. 

SmartBCH also succeeded in bringing more people to Bitcoin Cash. Some of the top projects were not related to Bitcoin Cash before the release of smartBCH. 

The infrastructure can evolve, and a decentralized bridge to Ethereum is ready to connect the two networks. The community is also ready to support new developments as the network achieves maturity.

The foreseeable outcome is smartBCH achieving widespread respect and steadily increasing volumes in Defi and NFTs.

Mistakes can lead to a bad investment so diversifying in new projects is crucial. Investors should always perform thorough research and be ready to take losses from failed projects.

The sum is (probably) positive for everyone invested in smartBCH, and risk should be adjusted according.

• Cover Photo: by " V_M" on  Pixabay

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