While talking about the dominance of bears in the crypto market, analysts share altcoin projects that you should follow closely. Crypto analysts Benton Yaun, Jordan Finneseth and Sam Bourgi make their own claim for the best social token.
Sam Bourgi’s choice of altcoins: Steem (STEEM)
First, Sam Bourgi starts with STEEM, the native token of the Steem social Blockchain network that rewards users for content creation. Its goal is to return value to the creators who contribute to the platform.
The analyst states that although it is based on older technology, it is proven, never hacked, and has minimal downtime. According to the analyst, it looks like a promising platform.
Whale (WHALE) followed by Benton Yuan
Benton Yuan is next with the Whale selection, a return to a truly tangible currency. Instead of using gold, it retains its value in digital art and rare collectibles. It seeks to strike a balance between wealth preservation and growth speculation through a well-balanced “basket” of the rarest Non Fungible Tokens (NFTs) stored securely in its vault.
Whale token holders can purchase private NFTs, digital and physical goods, and vote in the Whale decentralized autonomous organization (DAO). In addition, there are only 10 million WHALEs ever created.
Jordan Finneseth’s altcoin choice is Rally (RLY)
third, a social token protocol that allows creators to launch their own branded cryptocurrency and interact with their community without any technical knowledge. There’s Jordan Finneseth who chose Rally’s native token, RLY. For more information about Rally, you can take a look at this article of Kriptokoin.com.
According to the analyst, it’s a great protocol for broadcasters, artists, musicians, gamers, athletes, and even general content creators. Rally allows users to monetize their social interactions. Rally charges no fees, has a low environmental impact, and requires no crypto experience on the part of the creators.
Analysts’ joint choices: LDO and KOIN
After the showdown, for crypto investors who want to stay one step ahead of the market, analysts identify two altcoin projects that stand out this week: Lido DAO Token (LDO) and Koinos (COIN).