One of the biggest stories in the blockchain world currently is about NFTs. Specifically, it is about how 95% of them have lost their value. NFTs have had a good run in the consumer market and blockchain space, but experts now say that the bubble has completely burst.
But with NFTs now deemed as not a worthwhile investment, blockchain investors have to look elsewhere to maximize returns. The good news is that there is a plethora of cryptos that are likely to fill this gap and offer returns.
One of the more eye-catching of these opportunities is Anarchy, a meme token that aims to take on the current unfair financial system. Those who buy into it can see their investment soar through several token value increase strategies that the project has in place. All these are done through its native $ANA token, and while the project is called Anarchy, it is actually very democratic.
All users get voting rights within the system and can choose both ambassadors who will handle the treasury on a day-to-day basis and the projects that the community will collectively invest in. The project is currently counting down to its ICO, after which those who have indicated interest will receive their tokens.
Then there’s Bitcoin BSC, a green BEP-20 version of Bitcoin based on the Binance Smart Chain. The idea behind this token is to take Bitcoin investors ‘back in time’ to when Bitcoin was sold for $0.99 back in 2011. Users can stake this token to earn rewards as an effective trading strategy, and these BTCBSC tokens are paid out every 10 minutes. The token is available on several DEXs, and there are plans to offer investors a long-term staking opportunity they wouldn’t get with the original Bitcoin. Overall, Bitcoin BSC is offering users the best of both worlds.
A few years ago, online communities rocked the financial world with the Gamestop saga. Now, a crypto project called Wall Street Bets Memes (WSM) pays homage to it. Its native token, an ERC-20 token on the Ethereum blockchain, can be staked for rewards and is backed by a community with over a million members. But it is more than just an investment scheme it is also a way of organizing against the monopoly that Wall Street has on the financial world. It has raised over $25 million in its presale alone and seems very promising.
If you plan to buy when the market is low, now’s the time
The current NFT slump represents the loss of a major investment vehicle for blockchain lovers and potentially the death of an entire sub-industry. On the upside, the crypto industry seems more than capable of providing alternatives in the form of the tokens detailed above. From meme tokens, which are a homage to a critical point in online financial communities, to those that give a spin on an iconic crypto to those trying to buck the system, the options are limitless. This means that for investors, there will always be something to buy into.