5 Tokens You should consider Investing In
I thought maybe my passion for analyzing financial market will just end there but well it never did. I now have so much love for crypto currencies and now i spend most of my times analyzing the crypto assets finding the most promising to invest. I came up with a short list of tokens i see promising big returns in the long-run.
Maker (MKR)
Harvest Finance (FARM)
Venus (XVS)
Compound (COMP)
OctoFI (OCTO)
I want to keep this articles short and precise so that i just highlight all you need to know when making an investment decision. When i am making my researches for me to consider a crypto assets i just look at the: Market Capitalization, Total Supply of Coins and Lastly the Price. Market Capitalization should be high or if not is has to be promising, Then coins supply has to be low as this will create demand and the Price will eventually rise.
Maker (MKR)
Market Capitalization: $$1,995,695,163
Total Supply:995,239
Price: $2,041.76
Maker is a governance token and it was created in 2017. Its launch prize was around $24 and now its being traded for $2,041.76 per coin, you can see how much it has moved since 2017 and has an all time high of $6,339.02. With its low supply of 995,239 it has higher chances to surpass $50,000 provided that they keep on working on their brand and move volumes.
Harvest Finance (FARM)
Market Capitalization:$71,346,848
Total Supply: 563,624
Price: $106.19
Harvest Finance has much lower supply and with that the demand will be high so as the price. It has an all time high of $2,236.04 and i am sure soon it will surpass that and it will reach $50,000 in years to come. Now its currently trading at $106.19 and i think now is the right time to acquire as much as you can, as for me i am thinking of having 5 FARMS and just stake them on their website.
VENUS (XVS)
Market Capitalization: $145,123,488
Total Supply:12,045,818.00 XVS
Price: $12.08
Venus is performing pretty well in the crypto market and its capitalization is $145,123,488 which is so promising considering that it has an all time high of $147.02. The supply is not that bad and the price is still affordable, Its worthy looking into this coin
COMPOUND (COMP)
Market Capitalization:$855,764,982
Total Supply: 10,000,000
Price: $130.54
Compound has a high rate of adoption as we can see its capitalization in sitting at $855,764,982 which is a good sign. Its supply is limited at 10 million and it is being traded at $130.54, its never too late to jump into this train. Today it set an all new time high of $878.14, i see this surpassing $25,000 in a few years to come and surely it will pay the bills.
OctoFI (OCTO)
Market Capitalization: $47,688,743
Total Supply: 800,000
Price:$3.74
This one is still fresh, since last October 2020 it managed to rise from around $0.1749 now its $3.74 per coin and just looking at its low supply of 800 million its small and it low price is still affordable to buy a few tokens considering its low price. The capitalization is still small but i see great future in this.
Your comments an feedback will be appreciated so that we see what you also think.
