News
The quantum leap of cryptocurrencies: 3 tokens making their way to the top
Crypto tokens as an asset subclass are an exciting yet challenging part of the alternative investment ecosystem.
For those unfamiliar, crypto tokens are not just another form of cryptocurrency. They represent a unique investment opportunity, functioning as initial coin offerings that mirror the structure of publicly traded stocks. Despite being traded as cryptocurrencies, these tokens stand out because they are supported by tangible economic projects. However, it is important to note that despite their innovative nature, poor due diligence by issuers remains a concern, leading to the existence of scams.
Considering the above, I decided to analyze some credible crypto tokens. My solid criteria presented me with three highly promising crypto tokens that willing and able investors would likely benefit from.
Without further ado, here are three crypto tokens that look set to reach new heights.
BRIKN
Source: Stock-Asso/Shutterstock
BRIKN is designed to provide investors with access to a high-quality real estate portfolio. Additionally, the coin emphasizes smart contracts tied to the transaction process, which I believe can eliminate financial opportunities and costs.
Although BRIKN is not protected by the most innovative concepts, its incremental value additivity speaks volumes. Why would I say this? Well, the real estate business is a game of thin margins. Therefore, any hint of cost reductions and streamlined processes is a boon for investors.
According to its website, BRIKN completed its public sale on April 2. However, it has yet to announce the timing of the marketing pot. The team intends to build a property portfolio worth more than £50 million (around $63 million), with a yield of more than 10%. I can’t promise that his concept will be successful, but I support the preliminary material.
Highstreet (ALTA-USD)
Source: Shutterstock
High Street (HIGH-USD) is supported by a modern concept that spans the virtual reality gaming landscape. It’s essentially a “play to earn” platform, allowing creativity and the metaverse to merge. Although still in its early stages, Highstreet is heavily touted to be successful.
Additionally, Highstreet has a retail concept incorporated into its offerings. This provides an additional vertical, which is significant because smart contracts in the retail space address a key area of consumer concern. Additionally, two key verticals enable cross traction, adding greater user volume possibilities to the Highstreet store.
Highstreet is trading at around $4.41, but Binance expects it to reach $5.92 by 2030. I believe Binance’s forecast is modest, as systematic cryptocurrency investor support coupled with the novelty of HIGH can lead to stellar returns.
ALTO is a risky asset. However, asymmetric returns seem likely.
Polka Dot (DOT-USD)
Source: Thichaa / Shutterstock.com
Polka dot (DOT-USD) fills a gap in data transport. The concept uses modern features to enable previously incompatible blockchain data connectivity. Additionally, Polkadot emphasizes staking and governance, which addresses a focal point in the cryptocurrency arena.
Recent data suggests that Polkadot has seen an increase in active users lately. Polkadot’s active user base hacked the system 650,000, more than doubled since April 2022. Unlike many, Polkadot uses a modular network to emphasize a relay chain, augmented by a parachain to attract smaller smart contract participants. Although it has yet to reach the success of large platforms, Polkadot is certainly a concept on the rise.
Polkadot is trading at around $6.63 per unit and Binance expects it to reach there $8.91 by 2030. While Binance’s predictions are modest and noteworthy, CryptoPotatoclaims Polkadot is approaching a technical resistance level, I think a substantial rally is ahead, barring systemic pressures in the cryptocurrency market.
As of the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com Guidelines for publication.
Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has since been responsible for cross-asset research and public relations. Before founding the company, Steve spent time working in various finance roles in London and South Africa. He holds a Masters in Investment Banking from Queen Mary – University of London. Additionally, Steve obtained his CFA Charter on April 26, 2024 and is working towards his PhD. in Finance. His articles are published on various reliable web pages such as Seeking Alpha, TipRanks, Yahoo Finance and Benzinga. Steve’s articles on InvestorPlace form an interesting juxtaposition between traditional opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed income funds, CEFs and ETFs.