Could These Cryptos Provide Returns This Summer? VeChain (VET), Sanzooz Finance (SZFT), and Elrond (EGLD)

Given the wealth of options cryptocurrency investors have due to a large number of token launches, it is easy for a new user to get confused about which ones to select.

A good crypto portfolio could potentially provide huge returns in the range of 100X or more but the tokens selected should have good utilities and rock-solid ecosystems.

We have handpicked three such cryptocurrencies that could propel your portfolio toward the moon. These three coins are: VeChain (VET), Sanzooz Finance (SZFT), and Elrond (EGLD).

VeChain (VET) Eyes Expansion in Europe

The VeChain Foundation has disclosed that it is working towards expanding operations in Europe.

The disclosure was made in the financial report for the first quarter, of 2022. The VET treasury holds $1.2 billion in cryptocurrency assets which will be used to fuel the expansion plans.

VeChain has big plans for the European markets and its supply chain solutions powered by the VET Token are already being used in many countries in Europe.

The wine industry makes use of VeChain’s supply chain tracking system to battle counterfeit products.

VeChain is a smart contract-enabled blockchain network that is powered by its native coin known as VET.

You could consider the VET Token for a long-term investment as it could potentially deliver up to 100X returns in the future.

Sanzooz Finance (SZFT) Will Serve as Collateral for Artificial Assets

The Sanzooz Finance Token will serve as the primary collateral for issuing artificial assets on the platform currently being built by the team.

The SZFT Token will reward users by sharing a part of the trading fee generated on its exchange. Users will also be able to earn by staking the token.

The Sanzooz Finance ecosystem is working towards building an artificial assets trading hub which will also include a derivatives exchange.

Leveraging facility will be provided to traders for amplifying their returns easily on the SZFT-powered exchange platform.

Artificial assets enable investors to trade an asset without actually owning it. It will help users to trade assets on Ethereum without owning the underlying assets or relying on any intermediary platform.

The Sanzooz Finance site will initially support artificial assets in five categories: fiat currencies, commodities, cryptocurrencies, inverse cryptocurrencies, and cryptocurrency indexes.

The entire platform will be decentralized to ensure governance stays with the members of the exchange.

SZFT Token holders will get the right to become members of sub-DAOs (smaller units of governance inside a big Sanzooz Finance DAO).

The governance model of Sanzooz is a multi-DAO model where each DAO will have its separate functions. A Council, Protocol DAO, Sanzooz DAO,  Ambassadors DAO, and the Grants DAO will be established initially.

Purchase the SZFT Token through its presale which will be launched shortly and you could potentially generate up to 100X gains once it gets listed on mainstream exchanges.

Elrond (EGLD) Registers 1.66M Accounts

The Elrond network has registered strong growth by performing a total of 47,37M transactions with 12.42M EGLD Tokens staked currently.

It represents a total user strength of 1.66 million on the Elrond network.

The popular EGLD Token has been able to attract the developer community due to its unique features such as sharding and the validator network is frequently shuffled to prevent cartels and collusion.

It is also used in the DeFi market due to its high speed and scalability features. The EGLD Token could potentially generate huge returns in the future and can be added in times of dip periodically.

You can follow the progress of Sanzooz Finance team at the links shared below. Watch out for the presale where you can buy this upcoming cryptocurrency at highly attractive prices.

The artificial assets space is a niche sector and Sanzooz Finance could possibly establish a monopoly because of a lack of competition and early mover advantage.

For more on Sanzooz Finance (SZFT) visit: Website, Presale, Telegram, Twitter, Instagram.