There are many different cryptocurrencies available, but if you’re searching for some reliable selections, think about including Monero (XMR), Stacks (STX) and Degrain (DGRN) in your portfolio. With crypto markets in decline and having seen some of the lowest prices across the board since 2017, investors are constantly looking for the next big thing. We think we have found it, a new cross-chain NFT protocol that has the potential to dethrone OpenSea. We will analyze Monero (XMR), Stacks (STX) and the new likely winner Degrain (DGRN).
Monero (XMR): many investors are selling for presale Degrain
The primary goal of Monero (XMR) when it was first introduced in 2014 was to enable discrete and anonymous transactions. Despite the widespread assumption that BTC can be used to conceal an individual’s identity, it is easy to trace payments back to their source because blockchain technologies are transparent. Monero (XMR) aims to use state-of-the-art cryptography to hide both senders and recipients details making it harder to trace. Ease of use and efficiency, according to Monero’s creators; come in second to privacy and security as their primary priorities. In general, Monero (XMR) seeks to enable payments to be made quickly, inexpensively, and without concern for censorship. The price of Monero (XMR) at the time of writing is $127.24 with a trading volume of $73 million in the last 24 hours. Unfortunately, confidence has been lost in XMR and it would be advisable to look to newer, unique projects to invest in to early.
Stacks (STX): over 80% down from it’s all time high, what’s next?
Smart contracts and decentralized applications (DApps) can be integrated into Bitcoin using Stacks (STX), a layer-1 blockchain solution. Due to the openness and modularity of these DApps, developers can layer them on top of one another to build features. All transactions are resolved on Bitcoin’s blockchain, which is the most frequently used and conceivably the most secure one now in operation because Stacks (STX) leverages Bitcoin as its base layer. The Stacks (STX) token, which powers the platform and powers transactions, new user registration, and smart contract implementation on the network, powers the platform. Stacks (STX) is trading at $0.41 with a trading volume of just under $10 million in the last 24 hours. Stacks (STX) is down over 80% from it’s all time high and the likelihood is investors could be waiting for years until a return.
Degrain (DGRN): cross-chain presale token, 1,000x potential
Degrain (DGRN) is a brand new cross-chain NFT marketplace allowing everyday users to buy, sell, trade and fractionally invest in NFT’s. This new, unique concept will allow users to make payments and sell NFT’s in a number of different cryptocurrencies. Degrain (DGRN) which is giving presale investors 100% off trading fees while all Degrain (DGRN) holders will earn a share in revenue from the platform based on the number of tokens staked to earn a passive income of around 18% – 33% depending on the length you stake for.
Presale Phase One started on the 7th July. Within 60 seconds of launching the project sold over 11 million tokens while investors rushed to get in at the starting price of $0.01. The price has yet to increase but using an algorithm the price of Degrain (DGRN) tokens will go up as more tokens are sold. It’s been predicted by top crypto analysts that the price will increase by over 7,000% before the end of Phase Two on the 30th September. Phase one which ends on August the 8th will certainly see the price increased from what it’s currently. Our pick of the month for the best crypto investment in July goes to Degrain. You can see below how to enter the presale.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio