Since hitting $3 trillion in November 2021, the total crypto market cap has dropped considerably to around $1.3 trillion at the time of writing. That is over 50% fall since then. The crash, coupled with high-interest rates in alternative markets like real estate, has led many investors to reconsider traditional investment portfolios.
Meanwhile, some cryptocurrencies have shown resilience despite the market downturn. These coins include Tron (TRX), Waves Tech (WAVES), and potentially, Sanzooz Finance (SZFT). We’ll see why these coins could continue to demonstrate profitable returns for investors.
Tron (TRX): Capitalizing on Ethereum’s High Network Fees
Tron is a network that supports cross-chain transactions through its mainnet bridge. It was launched in 2017 with a vision of disrupting smart contracts distribution by offering highly scalable dApps and tokens on its blockchain.
It currently boasts over 91 million accounts running on its blockchain and over $3.1 billion in completed transactions.
Tron’s native currency, TRX, has shown positive market movements in recent months. Sometimes moving in the opposite direction of some of its counterparts.
TRC20, one of Tron’s token standards supporting cross-chain transactions, has been a preferred choice among USDT traders. Reason being that it offers low-cost transactions than the ERC20 standard tokens.
Another reason for Tron’s market surge is the high demand for its products and native DAO-run cryptocurrencies like BTT and TRX. With that in mind, investors have shifted their attention to Tron and TRX, following the exposure granted to it through TRC20-based tokens.
Waves Tech (WAVES): Project Disrupting The dApp Space
Waves Tech was launched in 2016 to support and build blockchain systems and applications aimed at reducing carbon footprints on our planet.
Waves Tech is a community-driven and open-source network for decentralised projects, adopting the proof-of-stake consensus algorithm to validate transactions on its blockchain.
WAVES is the native crypto on Waves Tech that also powers up-and-coming projects running on its blockchain.
Although down significantly since reaching an all-time high of $62.36 in Q1 2022, the token coin could gradually rise in the future, which is a huge plus for coin holders who bought at that point.
WAVES still show strong “greed” on the Fear and Greed Index (FDI) chart. And may start to soar.
Sanzooz Finance (SZFT): DeFi Platform With a Difference
Sanzooz Finance is a prospective DeFi protocol with many exciting offerings. It will be powered by its utility token SZFT, backed by artificial assets (aka derivative contracts) on the blockchain.
Sanzooz Finance’s whitepaper confirms the project will focus on building DeFi lending and borrowing protocols with advanced algorithms. Interest rates and price adjustment protocols will also be automated and handled with advanced algorithms.
Aside from the DeFi lending proposition, Sanzooz Finance will also feature DEX to trade derivative contracts easily and collateralize the SZFT token for altcoins or alternative futures contracts.
Investors will earn rewards when they stake the SZFT token on the DEX and earn the voting rights to Sanzooz Finance’s DAO governance protocol. In addition to the rewards, holders will get shares of fees generated on Sanzooz Exchange and DEX.
A handful of decentralised exchanges (DEXs) offer exclusive futures and derivative trading—a popular platform being dYdX. Sanzooz Finance’s DEX will be the first of its kind to extend the protocol to feature more assets on its network.
With a vast number of use cases for decentralised trading on Sanzooz Finance, the price of SZFT will soar, and only early investors will enjoy all the benefits that come with holding the token at this early stage.
For More Information on Sanzooz Finance:
Presale: https://sale.sanzooz.finance/register
Website: http://sanzooz.finance
Telegram: https://t.me/Sanzooz_Finance
Twitter: https://twitter.com/sanzooz_finance
Instagram: https://www.instagram.com/sanzooz.finance
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
Source: https://cryptodaily.co.uk/2022/05/crypto-market-crash-can-tron-trx-waves-waves-and-sanzooz-finance-still-fetch-you-profits