Dear Readers,
The year 2022 is about to end in 30 days and we are all excited to welcome 2023 with anticipate that the year 2023 may fetch good times around the crypto investments!
Many people have searched and come up with potential investment recommendations with crypto coins that would expect the returns in multi x.
At the time of writing this article, the global crypto market cap stands at 817.13 billion which is down 2.93% from yesterday.
I am here to share some of the potential coins which can be considered for the investment. These coins are also shattered a lot with the current bear market. I have already shared the potential Centralised Exchange Tokens in my previous article. But with the recent FTT crash, these promising coins are at trading low.
In this article, let's discuss around some of the popular and potential decentral exchange tokens which have good projects.
1. Uniswap UNI
Founded in November 2018, Uniswap is a popular cryptocurrency exchange which uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol which facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. It currently trades at $ 5.25 and ranked 17 in Coinmarketcap.com website.
2. Pancakeswap CAKE
The popular PancakeSwap is an exchange, even though it is a decentralized one, and the most basic function it supports is trading in BEP-20 tokens. Currently it trades at $ 3.87 and ranked at 63 in the coinmarket.com website.
3. Sushi Swap SUSHI
Introduced in September 2020, Sushi Swap is a popular Automatic Market Maker (AMM) and well know in the Defi domain. Currently it trades at the rate of $ 1.33 and ranked 131 according to Coinmarketcap website.
4. Quick Swap QUICK
Ranked at 584 with Coinmarketcap.com, and trades at $ 51.38, Quick Swap is an Ethereum token that powers QuickSwap, a decentralized exchange that runs on the Polygon Network in order to provide faster and cheaper transactions on Ethereum.
5. Sun Swap SUN
SUN SWAP is a TRON-based decentralized trading protocol for automated liquidity provision and an open financial market that can be accessible to all. This is the first decentralized token exchange protocol on TRON. Currently this token trades at $ 0.005175 and ranked at 344 in the Coinmarketcap.com website.
6. dydx
DYDX is a popular Decentralised Exchange Platform that offers perpetual trading options for >35 popular cryptocurrencies. This was founded by Antonio Juliano, a California-based entrepreneur, in August 2017. This Decentralised exchange was launched in July 2017 initially offering crypto margin trading, lending and borrowing services over ETH Layer 1. Currently It trades at $ 1.62 and placed and ranked 169 with Coinmarketcap.com website.
Major hindrance for the Crypto Market:
The current geo-political situtation, anticipation of the global recession, spike of Covid cases in China are the major concerns that might take a spoil again the crypto market.
Watch carefully and look for the opportunities to enter and exit with with the anticipated profit.
