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Late January of 2022 has seen one of the largest crypto-crashes in recent history. With cryptocurrencies like Bitcoin and Ethereum having lost around 45% since all-time highs, many are flocking to the markets to cash out in a panic. However, while fear is causing an acceleration of cryptocurrency movement into the red, times like these provide unique points of entry where people can double down on their favorites for a fraction of the price.
While Bitcoin and Etherium might be slightly out of your price range, there are plenty of altcoins that are currently on discount.
In this article, we’ll be touching on four altcoins that have been knocked into the red over the past week yet that have great future potential continuing onwards. Each of these has been picked for a slightly different reason, with each of the coins having a range of interesting upsides.
We’ll be discussing:
- $SOL by Solana
- $GARI by Chingari
- $REVU by Revuto
- $XLM by Stellar Lumens
Let’s get right into it.
Solana (SOL)
There’s a reason that Solana is one of the most actively used ecosystems for blockchain development. Quite simply, its system of developer tools and integrated software make this an ideal platform to build on. In fact, $GARI, another entry to this list, was built using Solana.
One of the main reasons behind Solana’s success is its smart contract blockchain system, which allows for rapid transaction processing. This is considerably faster than other blockchain projects, allowing Solana to position itself as an answer to the blockchain scalability problem.
Solana’s native token SOL is directly tied to the Solana ecosystem. Currently, Solana is at a significant discount, dropping from its price on January 1st of around $128 to around $65 as of the 25th of January.
Although the price of the coin has significantly dropped, its unique problem-solving transaction speed efficiency hasn’t changed. Considering Solana has an entire ecosystem of applications and a deep-pocket VC backing, this coin is one that seems to be significantly undervalued right now.
Why does $SOL make the list?
An altcoin list wouldn’t be complete without Solana. Providing a comprehensive blockchain ecosystem, this platform has been called the “Etherium Killer” due to its incredible transaction speeds and seemingly endless possibilities that can be achieved using the platform. At currently low cost, this is one to snatch up before it rebounds.
$GARI
Chingari is an Indian socio infotainment platform that was founded in 2018. In a short amount of time, Chingari has built up a vast audience, with over 70 million account sign-ups and 35 million users active on the platform every day.
Within the Chingari ecosystem, the native token $GARI is used for a large variety of functions. From allowing influencers to earn money and providing users the opportunity to stake their coins on an influencer to buying interactions with accounts or buying pay-per-view cinema in the app, the $GARI coin has a range of uses.
Considering that $GARI is the backbone of how this application functions, Chingari has been able to instantly incorporate a market usage base of 30 million+ users of the altcoin. It’s not every day that an altcoin receives such a massive influx of users right off the bat.
Due to its large audience and range of ways of using the GARI coin within the ecosystem, this is definitely one to watch out for as the markets rebound.
Why Does $GARI make the list?
With an incredibly strong potential, huge user base, and direct integration of the GARI coin into the multifunctional platform, this altcoin has all the markers of a big hitter. Particularly impressive is their focus on user-driven features, which allow their user base to earn GARI for using the app, further incentivizing use. This business model is definitely one to watch over the coming months.
$REVU
Revuto is a relatively new software service that stops you from having to pay for services you’ve forgotten about. By tying your subscriptions, like your Netflix, Hulu, and Spotify accounts, to the service, you’ll be able to see where you’re spending money. With updates before you’re set to pay a fee and the ability to block any transactions you don’t want, Revuto positions itself as a money-saver for its clients.
Revuto has a native token, $REVU, which can be used to pay subscriptions, stake coins, or provide liquidity. By connecting the $REVU coin directly to the application and providing attractive benefits like discounted fees when paying through the coin, the service incentivizes users to buy and pay their subscriptions with the currency.
Surprisingly, $REVU is one of the world’s first Cardano tokens to perform well on global markets. Recently, the altcoin was accepted onto both KuCoin and Gate.io, two of the most significant crypto exchanges.
Considering this recent news, combined with the integrated coin and service features, this is definitely a coin to follow over the coming months.
Why Does $REVU make the list?
Quite simply, the multi-functionality of this application, both serving as a useful concept and integrated cryptocurrency, position REVU as an exciting concept. Now listed on major exchanges, REVU has all the markings of an altcoin to follow.
Stellar Lumens (XLM)
Designed to be a singular decentralized platform that allows users to send and trade various banking systems (different currencies, cryptocurrencies, etc.), Stellar dreams of uniting the world’s financial networks.
Stellar connects different systems by using blockchain, using the chain as a public ledger to record various transitions. Currently, Stellar sees millions of transactions every single day, providing a cheaper and faster solution to sending and receiving money.
Within the platform, transaction fees are paid in a currency called Lumens (XLM). Lumens were designed to stop spam transactions from filling up their ledgers. By requiring a tiny payment of lumens to move money through the application, they ensure that their systems are only filled with real transitions.
By connecting lumens into the platform, Stellar has cleverly linked the growth of these two aspects together. As the business gains more followers and increases global adoption, the price of lumens will increase as demand also increases. With a set amount of lumens in the ecosystem, the demand will naturally grow over time.
While this is still in the early stages, Stellar Lumens is definitely an exciting altcoin to keep an eye on.
Why Does $XLM make the list?
Uniquely positioned without current market competition due to the legal investigations going on with Ripple, Stellar Lumens provides an exciting opportunity for those interested in altcoin investment. As the answer to decentralizing various banking systems at once, Stellar Lumen’s platform could become increasingly helpful over the coming months and years.
Final Thoughts
While many have seen the crypto-crashes of January 2022 as the beginning of the end, those that believe in this form of currency are now provided with the unique opportunity of buying their favorite altcoin at discount prices.
No matter if you’re looking for a more established coin in SOL, one that’s just getting started like REVU, or one with strong future potentials like GARI, there is something on this list for you.