The chaos triggered by last year’s unfortunate events has shaken the foundations of the market. Many investors nowadays even doubt the future of cryptocurrencies. This situation is not uncommon for this relatively new industry, which has seen many highs and lows. As we approach a new year and move forward from the huge decline that recent developments shaped, there are still some projects with very exciting plans for the future.
Polygon bets on corporate collabs to regain trust;
Polygon (MATIC) is an Ethereum layer-2 framework, officially launched in 2017. The Polygon network hosts many DeFi exchanges and other Web3 projects, like NFT marketplaces.
Trading at just below $0.90 after a downward spiral from its all-time high of $2.58 at the beginning of the year, MATIC has been greatly impacted by the crypto crisis. From the Ethereum Merge to the FTX scandal, MATIC received backlash, resulting in a steep 60% decline in its daily trading volume last week alone.
If the current problematic situation is successfully dealt with, MATIC’s capabilities and potential could possibly lead to many new projects onboarding. Polygon’s announced collaborations with Nike and Warner last year are evidence of this and justify investors’ interest in the coin, as it plans to expand its corporate partners.
GLTM is a very promising new token that beats the crypto crisis:
GLTM is the native utility token of the highly anticipated Golteum ecosystem. Being the first 100% asset-backed NFT marketplace, Golteum is set to bridge physical gold with your digital wallet by pairing the oldest reserve currency with Web3. Additionally, the project has officially teamed up with Fireblocks. To support their mission in launching a top-tier trading platform, they’ve chosen to integrate the Fireblocks Web3 Engine. This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.
Despite being the newcomer, during arguably the worst crypto winter, GLTM has managed to stay unaffected by the bearish forces. Initially valued at $0.07 the token pulled an impressive 85% profit margin for its early private investors as it rose to $0.13. Given the community sees great value in using gold as a backing asset, investors are rushing to join. The public pre-sale of the token is now live offering a 20% bonus, validating the level of excitement around it.
The great momentum of GLTM against the bears has strong foundations.
Investors are looking to hedge against inflation and the current chaotic landscape by turning to asset-backed ecosystems. Therefore, GLTM’s utility is really relevant, since it will unlock a bundle of services, discounts, and rewards all based on physical gold. Some of the most exciting services of the platform will include high-yield staking, lending backed by gold NFTs and competitive LTV(loan-to-value) ratios.
Golteum’s vision is to democratize gold ownership. Through the use of digital fractionalization and blockchain technology, all-income investors will access the most stable asset in history.
Golteum’s smart contract has already been audited and certified along with its team by Certik, the most respected blockchain security expert. All these steps toward strengthening security and transparency have provided investors with a strong sense of assurance in these dire times.
SOLANA overcoming FTX
SOL was one of the fastest-growing cryptocurrencies in 2021. Similarly to Polygon, Solana is another scaling solution with low fees and a previously strong DeFi Ecosystem.
Following the havoc caused by last year’s unfortunate circumstances, the 2022 bear market left SOL with a staggering 95% decrease in value. This downtrend continues until today with the price dropping even further by 3,5% last week and now sits at $13.19.
The FTX blowback has certainly affected the performance of SOL to a large extent. Despite the huge outflow of capital, SOL has managed to sustain its competitiveness in a technical capacity by having a strong community of devs and members, committed to improving the network.
Future plans under the pressure of the markets
During the last months, cryptocurrencies chose to invest in the future and develop technologies that will make them leaders of the industry(GLTM, MATIC) and others in their strong community (SOL).
Which strategy is better, remains to be seen. However, one thing is certain, all these tokens have significant value potential, highlighting the case of Golteum for its early success. GLTM proved itself during the economic downturn by heavily focusing on transparency and security.
Find Out More About The Golteum Presale
Website: https://www.golteum.io
Presale: https://presale.golteum.io/register
Whitepaper: https://golteum.io/GolteumWhitepaper.pdf
Telegram: https://t.me/golteum