The 2022 crypto winter has hit buyers’ confidence in the coin market. There’s no dearth of crypto tokens in the bear market from which to make money. Some have exhibited bullish trends while many remain stable and a good source of passive income. It looks like the overall coin market condition offers a contrasting picture of itself when one compares different projects.
The growing popularity of crypto projects has amplified hopes for a faster recovery. Buyers have many options to cash in on and earn profit in the current cryptocurrency market. This article analyzes three crypto coins that look promising for both short- and long-term purchases. These tokens are popular for their present value, market cap, and feature-rich networks.
A Whole New World – EOSIO (EOS)
EOS’ tryst in the coin market began in June 2018. The EOSIO or the Electro-Optical System introduced a scalable and adaptable operating system for blockchain technology. Today, EOS has about 990 million coins in circulation and a market cap of about 998 million USD. It occupies 24th rank in the coin market.
EOS offers a promising return on the strength of its EOSIO network and usability. Often it is called “Ethereum on Steroids” for its bursts in the cryptocurrency market. The altcoin network built on the Ethereum platform is designed as an operating system for blockchain developers. There are tools, resources, interfaces, and other items required for them to create dApps for the crypto world and beyond.
The EOS network has a parallel execution process enabling faster transactions on the Ethereum blockchain. It also offers cloud storage and server hosting for quick deployment of dApps.
Its Good To Talk – Filecoin (FIL)
Filecoin is among the very few crypto coins that have largely emerged unscathed from the bloodbath unleashed by the 2022 crypto crash. The initial offering in 2017 was $1 a coin. Now FIL hovers between $5 and $6 after touching a high of $8.27.
The cryptocurrency ranks 41 among the top 100 crypto tokens with a market cap of around 1.3 billion USD. Filecoin’s data storage and accessing capability drive its popular adoption.
A decentralized and resilient blockchain network, Filecoin is the first to provide cloud storage services for users. FIL is the coin to purchase the secure storage space that allows decentralized information storing, sharing, and accessing. Unlike Google Drive, it has no centralized storage, and also every user receives incentives for data storing. Filecoin also ensures FIL holders can have web access to data. The growing demand for storage space and safe data storing fuels FIL’s growth and maintains its stability in a volatile coin market.
Ol’ McDonald Had a Farm – FreeWoly (FWOLY)
Similar to innovations brought by EOS and Filecoin, FreeWoly (FWOLY) infuses a refreshing vibe into the cryptocurrency market. The upcoming project combines the fun and entertainment of the meme world with the earning potential altcoins offer. FWOLY takes a cue from the mass success of the Farmville game and pushes a similar concept to the crypto realm with the support of augmented reality technology.
Like other meme coins, FWOLY focuses on entertainment but with a more interactive and rewarding approach. Its play-to-earn model provides greater financial benefits to FreeWoly users, token buyers, and community members. The platform seeks to capture the fast-rising augmented reality-based games to spur its growth and expansion. With a farm-based game, where everything is an NFT to trade, FreeWoly plans to draw attention to a new world of meme excitement. Designed as a stimulating ecosystem, the FWOLY game has more realistic images, sounds, and interaction.
At $0.05, FreeWoly presales starting from the third quarter of 2022 offer an enviable opportunity for buyers in the coin market. It is set for a beta version and crypto exchange listing in the fourth quarter, which will also see marketing, events, and promotions to push for FreeWoly adoption. In 2023, users will have more, including a cross-chain transfer exchange and the ability to create a customized video game strategy.
