The present memecoin craze is proving fruitful for adepts who know when to get in and out of their positions. Still, those not so keen on the high volatility advocate for investing in sturdier coins and tokens that can hold their price points relatively firmer than meme-based assets. Moreover, recent developments with memecoin presales taking off are causing more worry in the industry, as many of them may potentially turn out to be rug pulls.
Top meme coins like DOGE and SHIB have held their ground since their inception as segment leaders. Their early days of providing handsome returns kicked memecoins into the forefront of the crypto market. Nevertheless, they have left their initial magic for other emerging memecoins that look to replicate it. But that is where the worry lies. Many of them turn out to be scams or crash in value due to no real utility backing them.
While the memecoin mania retakes effect with prosperous market indicators, investors must turn to tokens with real value to witness longstanding gains. That is not to say that memecoins should not be looked at. It is just that the risks they pose, including the eventual crashes they witness when market conditions turn sour, must be considered, mainly when altcoins capable of offering similar returns safely exist.
An Altcoin to Beat the Memecoin Mania
NFTFN is one of those altcoins that looks to take the crypto market by storm and outshine any memecoin in existence. It is a utility-driven token native to the NFTFN platform, facilitating various actions like fee payments, staking reward generation, and liquidation insurance. This robust utility in a segment-transforming platform positions it as the next top altcoin, providing more gains than any other token during this bull run.
The token is presently offered through its presale at $0.025 in phase 1, leading experts to conclude that it is a once-in-a-lifetime opportunity, with expectations of the token’s price to shoot up soon. That belief comes from the revolutionary use cases of the NFTFN platform set to be deployed in the coming weeks.
What Makes the NFTFN Token Formidable?
The NFTFN platform is an NFT trading application that brings a new flavor. It moves away from regular NFT marketplaces by facilitating decentralized NFT trading through an index-based approach. Users can trade perpetuals of the NFT index, which consists of only blue-chip NFTs that are the cream of the NFT market. And they can trade with as little as $10.
This revolutionary capability allows anyone interested in NFTs to indulge in top-dollar collections despite not having the capital to buy them. Since the platform offers fractional exposure to the NFTs, traders can interact with highly valued assets in parts and gain returns proportional to the value of their positions. The index provides fractional exposure to all NFTs it comprises collectively, letting traders ride the mean price movements of these robust NFTs.
An immediate advantage that breeds is preventing trader positions from tanking if a few assets in the index do not perform well. The others doing well can balance the index’s mean price movement, reflected in traders’ positions. That lets them hedge their bets effectively versus holding or trading a single NFT from a traditional marketplace, which can result in massive price drops if the asset tanks.
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Moreover, the inclusion of only verified blue-chip NFTs prevents users from interacting with scams. Options like this never existed before, as only affluent enthusiasts got to interact with top-dollar NFT collections. Others tried their luck with not-so-well-known collections that are highly volatile, with many of them turning out to be rug pulls. The disadvantage that enthusiasts without significant capital observed is now eliminated thanks to NFTFN. This development will also arouse further interest in the NFT market, making the platform the facilitator for the next NFT boom.
The platform institutes various features to make it as user-oriented as possible, including a DEX facilitating all the trading action, ensuring trades occur through decentralized means and are immune to human corruption. Its transparent orderbook ensures users can check bids and asks at all times to verify if their trades are executed at fair prices. Keeping fairness at its core, it removes slippage fees and other hidden costs prominent among trading platforms.
So, users do not lose money because of unfair practices and hidden charges while making the most out of their favorite NFTs on the platform. And making the most is something they can truly do trading on NFTFN by maximizing their returns ten times over, utilizing the platform’s 10X leverage option.
Furthermore, users are not limited to NFTs to harness the platform’s capabilities. It makes trading more exciting by providing indices of different asset types, like ERC-20 tokens, RWAs, and Bitcoin Ordinals. Users can go long or short on these indices to make the most of how these asset types behave, diversifying their trading activity to take full advantage of the crypto market.
The NFTFN Token Will Rise to the Top Shortly, Do Not Miss Out on Its Presale
Such offerings and features make the NFTFN platform a unique project and a trendsetter in the crypto ecosystem. Its namesake token is thus gaining massive interest from investors even before the platform’s launch. With its launch and quick adoption, the NFTFN token will witness price surges incomparable to its counterparts, eclipsing even the significant returns presently provided by memecoins.
Take part in the NFTFN presale now to gather profits like never before.
NFTFN is the go-to platform for perpetual trading of diverse assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With a minimum investment of just $10, users can easily take long or short positions on their chosen asset class, catering to traders of all levels.
For more visit:
Website: www.nftfn.xyz
Telegram: t.me/nftfnofficial
Twitter: twitter.com/nftfnofficial
Source: https://thenewscrypto.com/rising-above-the-memecoin-mania-the-nft-token-thats-capturing-investors-eyes/