Cryptocurrencies from the DeFi and NFT realms have shown returns in the thousands of percent. Experts told what topic in the future can gain popularity and bring high income
Blocked funds in DeFi projects have increased by 936% over the past year, exceeding $ 114 billion, according to a recent study by analytics platform DappRadar. This is money that investors put into DeFi projects to provide liquidity.
Amid a sharp rise in the popularity of the decentralized finance industry, many DeFi tokens have shown a rise in value by thousands of percent. For example, in May, the YFI token set an all-time high at around $ 95,000. At the same time, the altcoin was released in the summer of 2020 at a price of about $ 32. In less than a year, it has risen in price by 296 775%.
A similar story is observed in the NFT market. This year, non-fungible tokens have gained popularity. Even the State Hermitage has sold its own NFT paintings worth over 32 million rubles. The Burger King fast food chain has announced the NFT draw campaign, and the social network TikTok will also issue its own non-fungible tokens.
One of the most popular NFT topics is GameFi blockchain games. The token of one of the largest games, Axie Infinity, updated its all-time high at $ 135.96 on October 4. At the same time, back in November last year, the altcoin was traded at $ 0.14. For 11 months, it has risen in price by 97,028%.
The rest of the gaming industry tokens also have high growth potential, says Nikita Zuborev, senior analyst at Bestchange.ru. Until the current trend is over, Zuborev recommended paying attention to the top twenty GameFi tokens in terms of capitalization and purchasing the most undervalued of them.
The whole essence of the HYIP markets, namely NFT, is in the unpredictability of ups and downs, said Dmitry Machikhin, CEO of the Pressman Capital investment fund. In the near future, he expects the growth of native crypto-exchange tokens due to increasing trading volumes. The expert also advised to pay attention to "underperformers", coins that have not shown significant growth so far, such as EOS or QuarkChain.
Metauniverses may well become one of the future trends in the cryptocurrency world, added Valeria Minaeva, business development and communications specialist 1inch Network. According to her, the gaming industry will become one of the drivers of this process.
“Projects like Fortnite, PUBG or Overwatch will soon have to evolve into something more than the usual multiplayer games for different platforms. The first NFT games, like CryptoKitties, were originally conceived with the aim of maximizing the involvement of users in the gameplay, emphasizing the importance of their actions and the ability to influence the irreversible development of characters, ”explained Minaeva.
Also, "meme" tokens can get a new impulse, Zuborev said. In particular, now the projects with “doggy” names are again susceptible to growth. Over the week, the Shiba Inu and Dogelon Mars tokens have risen in price by 300%.
An interesting trend today is diminutive names like Baby Shiba Inu or FlokiFrunkPuppy, noted a senior analyst at Bestchange.ru. He added that in search of high returns, you can follow the emergence of such "puppy-meme" projects and become an early investor in most of them.
Another area that can show itself extremely positively is fan tokens, says Zuborev. According to him, with the return of the dominance of "bulls" in the cryptocurrency market, one can expect an early reaction in the market of fans of sports clubs.