So if your sitting by your smart phone trolling through the internet and happen upon this article on this months hottest tokens your definitely in for a treat today!
As recent news events would have it several market movements have pushed some recently not so well known tokens into an upward trend not likely to change anytime soon.
The two of the hottest tokens this month are:
Polygon / Matic
and
ADA
Here's what's going on:
Polygon / Matic is a token recently put on the market and rapidly gaining in value due to several factors.
Least of which is that Polygon Operates its own Blockchain, much in the way Bitcoin or Ethereum, this company allows users to purchase their tokens, then stake and lend them without incurring huge transaction fees.
That alone has caused investors to flock to this still under priced token. Many analysts believe that the price window to purchase a large volume of Matic before its price increases considerably, is now.
The other hot token to watch this month is deffinately ADA. One of this years to currencies, this company has several projects in the works that are following a set timeline from inception to delivery.
This combined with Bitcoin and Doge's crashes this month have fueled the desire for investors to move their revenues to more safer medium term (longer than 1 month) coins.
One of those has been ADA. Doubling in value within the last six weeks ADA remains relatively inexpensive, but continues to gain a consistent increase daily, but without the huge price fluctuations of Bitcoin, or Doge.
Two tokens to beware of this month in fact are Doge and Bitcoin. The reasons are that Bitcoin is adjusting and hasn't yet hit its bottom. Unless your holding for more than 45 days , to a year, Bitcoin is still well overpriced for the ultimate return on your dollar.
ADA has far more stability and priced at just over 2 USD still remains relatively low priced for long term holds. Considering it has doubled in its value over the past few weeks, without losing, analysts expect this to be a good bet going forward into the summer.
Also ADA is used by yield farmers and liquidity pools, has low transaction fees and can be found in all major and most minor exchanges. This coin is hot! The better question is when will that change, and will you take advantage of this opportunity before that time?
Something to think about, but as always, do your due diligence and homework.
Another concern of Doge is that its fundamentals are way off, it lacks a consistent and clear roadmap, has the same environmental inefficiencies (if not more) as Bitcoin and is affected by actions of a few individuals who can either drive the price up or down just by talking about cryptocurrency. Yet this is the least of its problems.
Plagued by price instability Doge's popularity my soon be eclipsed by tokens competing for its place such as Shiba (also a Doge spin off) and Akita. Yet according to reports it has no plans actually develop competing technological edge, lacking the manpower and apparently the desire to prevail in this rapidly changing market.
According to MSN Doge
" Dogecoin hasn't had full-time developers since the coin's founders pulled out of the project in 2015,"
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