In the midst of a sluggish market, which potential projects are worthy of our attention?

Every Spring Festival seems to be a hurdle for investors in the digital asset industry. This year, the market suffered a sharp drop on the eve of the Spring Festival, and Bitcoin once fell below $35,000. Given the current market conditions, it is even more difficult for investors to find a project worth investing in, but this is actually just a superficial phenomenon.

In fact, during a major market correction, it is one of the best times to look for the next potential 100x altcoin. These tokens may not thrive today, tomorrow, next week, or next month, but there will be big spending in the future, and then they will enter the peak of the bull market. This article selects four projects worth paying attention to, and we will analyze them together below.

Source: medium

Author: Sales Wallet

Compiled by: Chen Yiwanfeng

The good thing about crypto is that there are a lot of effective strategies out there; for example, I’m not a day trader. But that’s only because I lack the skills to be honest with myself; but there are actually a lot of people who are very successful with day trading strategies.

Investment strategy allocation share

Whether it is a bull market or a bear market, all this craziness is happening in your trading portfolio, so it is especially important to have a clear mind at all times. You need to know which coins can rise next, or which coins have stronger short-term potential, so that you can add them to your portfolio as soon as you see the opportunity.

This is a strategy that has worked very well for us. It’s why most investors talk about 100x gains on some of our favorites, tokens like Enjin, Crypto.com, Blocktopia, Star Atlas. There’s a reason why we believed in these projects at their early stages, and when you combine that belief with some of these portfolio strategies, it pays off.

Whether you choose to have a similar split between your exchange and your hot wallet is up to you. The four coins we’ll cover next are ones we’ll describe as being under the radar right now, as they don’t necessarily get a lot of attention, but they’re still within the spotlight.

Polkadot (DOT)

First up, Polkadot . Do you like Polkadot ? What do you think its price potential is?

In short, part of the appeal of Polkadot is that Polkadot was founded by Dr. Gavin Qood, one of the co-founders of Ethereum, and is therefore a very large and very successful Layer 1 project.

In addition, Polkadot performed very well last year and in 2021, as did many other Layer 1s. However, as one of the best projects in the field of blockchain interoperability, this is also an area that the public has been paying close attention to. At present, it seems that Polkadot is ready for a big rebound, as interoperability is indeed expected to take center stage in the market in 2022.

Currently, DOT is under $20 and has a circulating supply of 1.08 billion, which is a very large portion of its total supply of 1.16 billion. The all-time high was $54.98 set in November 2021, and we currently have a market cap of around $21.5 billion.

There are a few main reasons why Polkadot is gaining widespread attention. First, it is down about 60% from the all-time high mentioned, and now is a good time to buy DOT at a pretty good discount.

Second, its fundamentals look stronger than when it hit its all-time high in November 2021, and DOT is up nearly 10% in the past seven days, which is not bad.

Third, the public loved the parachain slot auction, which successfully auctioned off eight slots when bidders locked up their DOTs for a long time. For this reason, we can indeed expect a price squeeze.

The Open Network (TON)

The second project worth investing in is The Open Network ( TON ). The developers of TON are from the team of Telegram messaging application.

Now most people might think that this project is on the verge of being hammered dead since Telegram actually gave up on it in 2020, but the truth is that the project is currently doing very well and is still continuing to develop.

Even though TON is now a separate project from Telegram, it still leads all other projects in the blockchain space. From January 23 to 29 alone, the number of new wallets created on TON grew from approximately 193,000 to over 202,000, which is less than 5% growth.

TON stands for The Open Network, which is a web3 interoperable blockchain, so as we said before, blockchain interoperability is expected to be a trend this year in 2022, and TON is likely to be one of the leaders in this field. However, their version of Polkadot parachains can be separated from the main TON chain, and these chains are called work chains.

Like the Near Protocol and the future of ETH 2.0, TON uses sharding as a way to scale the network. It uses both PoS Proof of Stake and PoW Proof of Work mechanisms. So basically, it uses PoW for mining and PoS to run the chain.

Let's take a look at TON's token data: TON ranks about 200 in the crypto market, with a token price of $2.67, a market capitalization of about $3.2 billion, a circulating supply of $1.22 billion, and a maximum supply of $5 billion. For reference, its historical high was $5.29, which occurred in November 2021.

It is worth noting that TON has performed quite well since hitting its all-time high in November, including throughout December and January, even during the bloodbath in the cryptocurrency market. Although it has also dropped in price, it has dropped relatively less than many other projects. It is down 50% from its all-time high, but in relative terms, its survival rate is quite good.

Additionally, we are seeing Telegram adoption growing with the donation on December 21st, which was their first acceptance of TON’s Telegram verified payment service. If you are a TON holder, you should probably know that the coin is about to undergo a code change. Currently, it is listed as TON coin, but it will soon become TON.

Orion Protocol (ORN)

The third project worth watching is Orion Protocol, which is a project about trading. Their goal is to be a single point of liquidity for decentralized exchanges as well as centralized exchanges, bridges, swap pools, etc. Their Orion terminal is similar to a traditional financial trading terminal, which means that you can access pricing from various exchanges and have a complete source of liquidity, allowing the trader to trade anywhere he or she wants, wherever they find the best execution price for a specific trade.

Orion’s Marketplace is the OTC marketplace for institutions, large traders, and OTC market makers, with the best liquidity options and the best DeFi, all you have to do is connect your wallet.

At least for us, Orion does look like it will benefit as DeFi continues to grow and more institutions continue to participate. Orion ranks 288th in the cryptocurrency rankings, with a circulating supply of 41.1 million and a total supply of 100 million, so the circulating supply accounts for 41.1% of the total supply. The current price is $3.93, up a few percentage points on the day, and the all-time high was $29.25 in March 2021, which is a significant drop from the all-time high.

As the institutionalization of DeFi took a back seat to gaming and the metaverse over the past few months, Orion has managed to capture everyone’s attention. However, in our opinion, DeFi will once again be at the forefront, and when that happens, so will Orion Protocol, and its price will rise.

Arweave (AR)

Another project worth keeping an eye on is Arweave . This is a decentralized permanent web storage solution that users can use to build websites and applications, and can also use it as an archive so they never have a broken link again, or if you prefer, you can rent additional space and get paid to add your storage to the network. Miners here provide proof of access to the data, so instead of consuming a lot of energy in a proof-of-work model, miners are incentivized, in fact, they are paid to copy and store parts of the database.

We really like the idea of ​​a decentralized database, and prefer the data persistence and archiving capabilities that Arweave provides, unlike competitors like Filecoin or Sia or even Storage.

In terms of token economics, AR ranks around 66th in the entire crypto market, with a circulating supply of 50.1 million and a total supply of just over 64.5 million. As you can see, the current price is up 6% on the day at $37.2, with a reference all-time high of $89.24 (November 2021). The current market cap is less than $1.8 billion, which is a respectable market cap overall, but it still has room to grow.

at last

In addition to the four projects mentioned above, there are actually many other projects that are also worth paying attention to at this stage. Although they are not so well-known, they have great potential. They also cover many different parts of the crypto economy, such as the interoperability we see with TON tokens and DOT. They also provide functions related to decentralized storage, which we see in Arweave, Orion's blockchain platform for DeFi liquidity games.

In addition, projects like Orion, with a market value of $250 million, and Polkadot, the 10th-ranked project with a market value of nearly $20 billion, are on different people's investment lists. Everyone has some projects that they are more optimistic about, depending on your investment situation and risk appetite. So, if you are looking for more crypto trading, remember that this space is always volatile and the market will continue to be daunting.