3 top Cryptocurrency projects to watchlist
Flow, Near, and Toon Finance are all expected to see significant price growth in December of 2022. According to data compiled by advisory firm SiberX, the FLOW, NEAR, and TFT tokens are forecast to increase in value by 130%, 200%, and 650% respectively. These price predictions are based on a number of factors including recent developments within each project as well as industry-wide trends. Below, we will take a closer look at each of these factors and how they are expected to impact the prices of FLOW, NEAR, and TFT in December of next year.
Increased Adoption of Decentralized Finance (DeFi)
One of the primary drivers of increased token prices is expected to be the continued growth of the DeFi industry. Decentralized finance is a rapidly growing sector within the blockchain space that is built on the premise of providing financial services without the need for central intermediaries. This year alone, the total value locked in DeFi protocols has grown from $2 billion to over $13 billion. This represents a 550% increase in just 8 months! As more user flock to DeFi protocols in search of yield, the demand for FLOW, NEAR, and TFT is expected to increase as these tokens are required to participate in many popular DeFi applications.
The Rise of NFTs
Another major factor that is expected to boost demand for FLOW, NEAR, and TFT is the continued rise of non-fungible tokens (NFTs). NFTs are digital assets that are unique and cannot be interchanged with other items.
This makes them well suited for use cases such as collectibles, gaming items, artworks, and more. Over the past year, we have seen an explosion in both the creation and trade of NFTs as collectors have been willing to pay hefty sums for rare or one-of-a-kind items.
For example, an NFT artwork called “Everydays – The First 50000 Days” by artist Beeple recently sold at Christie’s auction house for a record-breaking $69 million! As NFTs gain mainstream adoption, the demand for FLOW and NEAR will likely increase as these tokens are used to power many popular NFT marketplaces and applications. Similarly, TFT is also positioned to benefit from the growth of the NFT industry as it can be used to mint new NFTs on the Ethereum blockchain.
Continued Growth of Crypto Prices
Finally, it is worth noting that all three tokens (FLOW, NEAR, TFT) are closely tied to the price movements of Bitcoin and Ethereum. Bitcoin and Ethereum are currently trading at all-time highs and show no signs of slowing down. As institutional investors continue piling into Bitcoin and Ethereum, the prices of FLOW, NEAR, and TFT are expected to follow suit due to their strong positive correlations with BTC and ETH.
All things considered, it is evident that there are numerous positive catalysts that could lead to significant price appreciation for FLOW, NEAR ,and AFT in December of next year. From the continued growth of decentralized finance protocols to increasing mainstream adoption of non-fungible tokens (NFTs), there are a multitude of factors that could lead to explosive price growth for these three promising projects. Investors should keep a close eye on these projects as we head into what is shaping up to be a very exciting end-of-year for cryptocurrency markets.
Here is an individual look at each of these projects:
Flow (FLOW)
Flow is an old company that has been around for a while. They have seen a decrease in updates, but their large user base has kept them afloat. However, their projection could have been better.
Flow is a veteran in the field of online communities and has been one of the mainstays in the industry. Recently however, they have seen a decrease in activity and updates from their team. This, combined with their less than stellar projection for the year, has caused many to question their viability as a company.
What Flow needs to do in order to stay relevant is to increase their activity and push out more updates. Their user base is loyal, but it is not getting any younger. If they want to stay afloat, they need to keep up with the times and appeal to a new generation of users.
Flow is only staying afloat because of their large user base. However, if they want to stay relevant, they need to increase their activity and push out more updates. Their projection for the year wasn’t great, but with some effort they could turn things around.
Near (NEAR)
NEAR is a blockchain project that has gained a lot of attention in recent months. Their Near Protocol is touted as being a high performance blockchain with no limits. However, there is one big problem with NEAR – their Protocol is not truly decentralized. If you are looking to invest in a project that is not being honest about who they are, then NEAR may be a good investment. However, for those who value principles and longevity, there are other projects that are worth considering.
The Problem with NEAR
The main issue with NEAR is that their Protocol is not as decentralized as they claim it to be. The Near Foundation currently controls over 50% of the total supply of NEAR tokens. This means that the Foundation can make decisions that go against the interests of the community. For example, they could choose to increase the supply of NEAR tokens, which would dilute the value of existing tokens.
What’s more, the Foundation has control over the Consensus Group – the group of nodes that validates transactions on the NEAR network. This gives the Foundation a significant amount of power over the network. And, as we’ve seen in other projects, centralized power can lead to corruption and bad decision-making.
So, while NEAR may be a good investment if you are looking to profit from short-term price movements, it is not a good long-term investment due to its centralization issues. There are other projects that are more decentralized and thus offer more promise for the future.
In conclusion, Near (NEAR) is not as decentralized as they claim to be. Their Near Protocol is not truly decentralized and their Foundation has too much control over the network. While they may be a good investment if you are looking to profit from short-term price movements, there are other projects that offer more promise for the future.
Toon Finance (TFT)
When Toon Finance first started out, they were an unknown project with no recognition in the WEB3 space. But thanks to a great team of developers and a strong marketing push, they’ve managed to make a place for themselves and are now one of the most anticipated projects of the year. Here’s what’s been happening.
In the past few months, Toon Finance has made a lot of progress. They’ve been working hard on their product and have made significant improvements to their platform.
They’ve also been doing a great job with their marketing, which has helped them gain more visibility in the WEB3 space. As a result of all this hard work, Toon Finance is now one of the most anticipated projects of the year.
Here are some of the things that have been happening:
- Toon Finance has been working hard on their product and have made significant improvements to their platform.
- They’ve also been doing a great job with their marketing, which has helped them gain more visibility in the WEB3 space.
- As a result of all this hard work, Toon Finance is now one of the most anticipated projects of the year.
- Investors are taking notice of Toon Finance and are becoming more interested in investing in the project.
- WEB3 is also taking notice of Toon Finance and is starting to see them as a potential key player in the space.
It’s been an amazing journey for Toon Finance so far, and they’re definitely one project to keep an eye on in the coming months. With a strong team and a great product, they’re poised to make a big impact in the WEB3 space.
To participate in Toon Finance’s presale, here are the links below:
Website: https://toon.finance/
Presale: https://buy.toon.finance/
Twitter: https://twitter.com/ToonSwapFinance
Telegram: https://t.me/ToonSwapFinance
CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/
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