he dramatic downfall of some of the space’s most prominent players in such a short amount of time has led to a domino effect on the industry. Embattled DeFi protocols like Terra ($LUNA) literally went to 0 after its stablecoin TerraUSD collapsed in flames. Meanwhile, prominent crypto hedge funds like 3 Arrows Capital (3AC) ended in failure.
But the beauty of the cryptocurrency industry is that there are always gems to be mined, even in the thick of the bear season. Shiba Inu ($SHIBA), The Sandbox ($SAND), and Degrain ($DGRN) are among the prized cryptocurrencies among the current market. Here’s why.
Shiba Inu (SHIBA): more than just a memecoin in 2022
Shiba Inu (SHIBA) did an unfathomable 48,000,000% price increase since its 2020 launch culminating at its peak in October 2021. The gains Shiba Inu (SHIBA) experienced are the Holy Grail in crypto, and become impossible to recreate once a token enters the top 20 cryptocurrencies by market cap.
But lo and behold, Shiba Inu (SHIBA) might just have another massive run in it as it develops its own $SHI stablecoin, its Shibarium layer 2 solution, and a collectible card game with its own metaverse.
Shiba Inu (SHIBA) is the first memecoin in history that has ever laid out such grand plans, which is why analysts believe there is every possibility that it could rise as much as 30% by the end of 2023.
The Sandbox ($SAND): a smart bet on the open metaverse
The Sandbox (SAND) is an ERC-721 token renowned as one of the first movers in the nascent metaverse since its inception. The Sandbox’s native token, SAND, powers the platform’s in-game economy, which allows users to play, develop games, construct buildings and venues, and create marketplaces to sell as NFTs within The Sandbox gaming environment.
Needless to say, buying The Sandbox (SAND) at $1.44 at the time of this writing – 83% down from its ATH at the height of metaverse mania in November 2021. Cryptocurrency experts believe buying into The Sandbox (SAND) could be a potentially smart play if the open metaverse gains mainstream traction.
Degrain ($DGRN): 5,000% gains are a real possibility
Degrain ($DGRN) has caught the attention of sharp crypto investors in recent weeks. Degrain aims to be a cross-chain NFT marketplace ecosystem allowing users and creators to transact across blockchains with significantly reduced trading fees than OpenSea and LooksRare. This means creators, traders and stakers, and network participants can earn more.
It also plans to enable fractionalized NFT ownership, allowing $DGRN stakers to purchase fractions of blue-chip NFTs like Bored Ape Yacht Club. Key cryptocurrency figures have been quick to heap praise on this innovative new protocol.
Presale investors are also given a lifetime 100% discount on trading fees, which could be a massive incentive to buy in if Degrain achieves its goal of becoming the top NFT marketplace. Seasoned crypto experts predict that a 5,000% price gain in the Degrain token is entirely possible by the end of 2022. It is rare an opportunity to invest in a protocol like this presents itself, we definitely wouldn’t advise missing out on this presale.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
