Three Exciting Cryptos That Could 10x Your Portfolio In 2022 – XRP (XRP), Stellar (XLM) & Caprice Finance (CFT)
Everyone is looking for the next cryptocurrency to explode in price. In 2022, so far, there have only been a few tokens that have seen significant price increases. With the crypto markets beginning to show bullish signs, is it time to get excited about crypto again?
Three exciting cryptos that could be the next projects to take off are:
- XRP (XRP)
- Stellar (XLM)
- Caprice Finance (CFT)
Let’s take a deeper look at why you should at least have these cryptos on your watchlist.
XRP Lawsuit Coming To An End?
XRP is the native token of Ripple labs which was founded in 2013, making it one of the oldest cryptocurrencies. XRP has been one of the mainstays of the top 10 cryptocurrencies by market cap and is currently ranked 6th.
The XRP token is used to facilitate cross border payments & for dramatically improving an old and slow system that exists today. The technology provided by Ripple labs allows money to be sent from country to country in just seconds and for a minimal XRP fee.
Since December 2020, Ripple Labs has been locked in a lawsuit with the Securities & Exchanges Commission (SEC) over claims the company sold shares as securities many years ago. As a result of this, the price of XRP has suffered.
With nearly every single cryptocurrency achieving a new all-time high price in 2021, XRP got nowhere near eclipsing its current ATH.
Once the lawsuit with the SEC is over (many expect that to be sooner rather than later), the suppressed price of XRP is expected to explode. Considering that at the end of 2018, XRP had the same market cap as Ethereum (ETH), if that were the case today, XRP would be worth $7.62 instead of $0.83. An easy 10x for your portfolio.
XLM vs XRP
Stellar (XLM) is a remittance and money transfer network that aims to make it simple and inexpensive to transfer money everywhere in the globe. Stellar (XLM) is similar in many ways to XRP but whereas the token of Ripple Labs focuses on financial institutions, Stellar (XLM) is all about the individual.
The goal of Stellar (XLM) is to use blockchain technology to make global payments easier, faster, and cheaper.
Since May 2021, when it threatened to set a new all-time high, XLM has been widely drifting lower, finally resting at $0.73. Its all-time high remains $0.93, which it reached in 2018. Given its aforementioned usefulness, many crypto experts believe XLM will easily surpass this milestone in 2022 and could become a top 10 cryptocurrency.
The Future Of DeFi
Caprice Finance (CFT) is a ‘multi-chain’ blockchain system with numerous fields that it aims to expand into. It is a cryptocurrency that enables users to undertake cross-chain exchanges between 3 of the largest smart contract blockchains (The BNB Chain, the Ethereum Network, and Polygon).
Caprice Finance (CFT) also wishes to assist its holders in making use of the Metaverse and NFTs. By doing so, they have access to the entire power of the cryptocurrency market and the technology that underpins it. Caprice Finance (CFT) will burn a percentage of tokens every time a transaction is completed on the blockchain. This decreases the overall supply and increases the value of the remaining tokens.
The Caprice Finance (CFT) NFT marketplace intends to increase NFT integration by allowing third-party users to connect their existing NFTs to the platform. This grants you access to an individual token address generated by Caprice Finance’s NFT Vault, letting you sell, exchange, or burn your NFTs using this platform.
With the presale of Caprice Finance (CFT) very much in its infancy, there is ample time to invest in this exciting new project. By investing before the token is listed on decentralised exchanges (DEX) you are maximising your chances to increase the value of your portfolio by at least 10x.
If you missed out on the gargantuan gains that some people made in 2021 then make sure you don’t miss out in 2022. $XRP, $XLM and $CFT are three of the most exciting projects in the crypto space right now and could very easily 10x your portfolio over the coming year.