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The cryptocurrency market is currently experiencing another crash, with coin prices trading lower amid increased pressure from the broader economy and fears that the US Federal Reserve will raise interest rates again.
Several investors are questioning whether most large-cap coins will test their multi-month lows again. But the best investors are now consolidating their holdings and looking for coins that may be ripe for future gains.
This article looks at several cryptocurrencies poised to make a comeback after this latest crash.
1. Battle Infinity (IBAT)
IBAT is the best option among the coins to bounce back after this latest crash. The asset is the native token for Battle Infinity, the fantasy sports game that combines blockchain technology with non-fungible tokens (NFTs) and the metaverse.
The IBAT Premier League allows players to form teams from NFTs that represent real athletes. The team with the most points at the end of the season is declared the champion.
Battle Infinity’s IBAT token is impressive, especially for sports enthusiasts. Investors can also buy Battle Infinity as the developers go on strike this week. As a result, the asset should be a good buy for potential passive income.
IBAT is currently trading at $0.0029. The price of the coin has fallen by 25.64% in the past week.
2. Tamadoge (TAMA)
TAMA can be an attractive asset if the market is to recover. Tamadoge is a self-described “play-to-earn Dogecoin” that combines the appeal of blockchain gaming with the sporadic wins of meme coins.
Tamadoge allows players to purchase NFT digital pets. They can take care of these pets, fight them and earn rewards for victories.
Last week, Tamadoge completed its presale, raising $19 million in less than eight weeks, despite broader market conditions. The developers will now focus on listing the TAMA token on centralized exchanges so that holders can claim it.
At the same time, the full Tamadoge platform should be available before the end of the year. So investors can now buy Tamadoge tokens for future profits.
3. Lucky Block (LBLOCK)
LBLOCK is the token for the Lucky Block platform, an NFT competition and reward platform.
Investors can purchase Lucky Block to gain access to the platform’s gaming ecosystem, where the platform’s developers provide prize packs and contests to attract customers.
LBLOCK’s V2, available on centralized exchanges, is currently trading at $0.00054. The value of the coin has fallen 28.9% in the past week.
However, LBLOCK is still an exciting asset. The developers have recently added a burning mechanism which deletes 1% of the total revenue on a monthly basis.
This should improve tokenomics and the relative scarcity should help increase the price.
4. Ethereum (ETH)
The Ethereum blockchain, which is attractive to developers and investors, is powered by ETH. The asset is an excellent pick on our list of coins poised to bounce back after this recent crash.
ETH is currently trading at $1,323, down 27.2% from the previous week.
Despite the market downturn, many investors are still lining up to buy Ethereum. The asset is a major-cap coin, and due to its market position, it should be one of the first cryptos to turn a profit when the market turns bullish.
The Ethereum merger, which completed the transition from blockchain to the Proof-of-Stake (PoS) consensus mechanism, has also attracted investor interest.
This transition is expected to be a major catalyst for ETH price growth as the market recovers by introducing a deflation model for ETH and making the Ethereum blockchain more functional.
5. Cardano (ADA)
ADA, the native symbol for the Cardano blockchain, rounds out the list of cryptocurrencies poised to make a comeback after this latest crash.
Other blockchain protocols have long overshadowed Ada and Cardano, but Cardano developers are committed to making the platform more developer-friendly.
Vasil is a blockchain fork expected to improve transaction speed and reduce the cost of ADA-based transfers.
Vasil will be implemented this week after months of delay. Like the Ethereum merger, it could lead to an increase in the price of Ada.