Place/Date: - June 10th, 2022 at 9:57 am UTC · 3 min read
Investing in cryptocurrencies has never been an easy task. It is essentially a gamble on many people’s most viable assets in life, and that is their finances. The reality is, that investing in cryptocurrencies is risky. Nevertheless, it is a risk worth taking as if you are successful, you are into great financial returns. Due to the recent crypto crash, people are looking for alternative crypto coins to invest in as they have a lower probability of declining and there is less risk. This article investigates three alternative cryptocurrencies that have the potential to give you high-profit returns – CashFi (CFI), OKB (OKB) and Harmony (ONE).
CashFi (CFI) is an Ethereum-based blockchain platform that adopts qualitative methodology for off-chain cooperation and on-chain interoperability. This is done through the use of multi-chain web 3.0 products designed to stimulate global liquidity and permit impeccable value exchange. They aim to construct an ideal ecosystem for providing top-tier synthetic asset services, liquid staking and non-fungible tokens (NFT).
The ERC-20 CFI token, described as “the centerpiece of the CashFi ecosystem”, plans to provide investors with a range of benefits such as governance, staking, bug bounty, hodling and NFTs. It recently began its presale phase on 1 June 2022, initially being priced at $0.027778. With a relatively cheap price, it would be a good idea for you to invest during its early stages.
Harmony (ONE) is a blockchain network that is designed to facilitate the use and construction of decentralised applications (dApps). Similarly to CashFi, it too runs on the Ethereum ecosystem, providing users with a two-second transaction speed and 100 times lower fees. ONE’s interoperability permits people to freely roam across several blockchain networks rather than be restricted to just one platform.
Furthermore, Harmony brands itself as a blockchain network that is decentralised, secure and scalable – making the transactions highly immovable. ONE has a current market capitalisation of $508,052,353 and is ranked in the top 100 cryptocurrencies according to CoinMarketCap. With its validation and quickness, Harmony is a blockchain network that users can have trust investing in.
OKB (OKB) describes itself as a utility token that is issued by the OK Foundation. It is the utility token of OKEx, which is one of the largest crypto derivatives trading exchanges. OKB permits token holders to access the crypto exchange’s special features. Additionally, the crypto coin is used to pay and calculate trading fees, whilst allowing participants to have the opportunity to vote and govern the network’s future.
Its distinctness comes from the importance it has on the OKEx ecosystem by authorising users to obtain a minimum discount of 40% on their transactions depending on the number of tokens they have. In addition, token holders can receive passive income as OKB is also involved with OKEx Earn – a project that aids users earn on top of their assets. With a current market capitalization of $697,849,574 according to CoinMarketCap, OKB has great potential to grow and give investors profitable returns.
All three of these cryptocurrencies provide different aspects to the crypto market and are solid alternatives to investing in well-established coins. CashFi just began its presale phase, meaning that now more than ever is the best time to invest as the price is low. Moreover, if you are looking for smaller blockchain networks to diversify your portfolio, OKB and Harmony may be worth investing in as well.