Investing in cryptocurrency may appear like a minefield to begin with but once you grasp the market patterns that drive price volatility, it becomes second nature. A good notion to get to grips with is to buy low and sell high but this is easier said than done. Another great way to make money is via presales as they allow you to buy into a project at a lower price than if it were trading on an exchange.
Here are our top 5 cryptocurrencies that we believe have the most potential to increase the value of your portfolio this month.
The meme coin king, Dogecoin (DOGE) is one of the most popular cryptocurrencies in existence. Its price is mainly influenced by social media sites such as Twitter and Reddit. The price of Dogecoin (DOGE) went up this past week after Elon Musk announced he had bought shares in Twitter. If Musk’s position at the social media giant gains traction then expect Dogecoin (DOGE) to follow suit.
The battle to become the number one “Ethereum Killer” rages on with Polygon (MATIC) going head to head with Solana (SOL). The most intriguing feature of Polygon (MATIC) is that it allows for compatibility with any current and future Ethereum (ETH) infrastructure. Polygon (MATIC) has also been adjusted to provide compatibility with new layer- 2 solutions. The MATIC network has the benefit of being the quickest in terms of transaction speed compared to other smart contract platforms.
Axie Infinity (AXS)
As one of the founding fathers of the Metaverse, Axie Infinity (AXS) will always be a favourite of the community. The Play-To-Earn (P2E) game has established itself as the go-to network for crypto gaming. As the Metaverse grows more popular it is predicted that Axie Infinity (AXS) along with Decentraland (MANA) and The Sandbox (SAND) will continue to climb the cryptocurrency rankings. If you love gaming and want to earn money whilst doing it then this could be the project for you.
Pacman Frog (PAC)
Pacman Frog (PAC) is helping its earliest investors leap into the Metaverse. The DeFi token is just over a week into its presale which has already been a huge success with the price increasing by 35%. If you are new to the crypto world then Pacman Frog (PAC) could be the token for you.
The platform will have an extensive educational ecosystem to develop everyone’s understanding of cryptocurrency and the terms that come with it. Alongside this, Pacman Frog (PAC) will assist up and coming developers with producing and managing their Metaverse/crypto gaming projects.
Explora Chain (EXPL)
Intending to create an engaging community for both non-crypto and crypto enthusiasts to enjoy and benefit from, Explora Chain (EXPL) has been developing what it describes as “the strongest platform for users to gain passive income through staking, as well as interesting futuristic features like Launchpad, Gaming, and NFTs.” The presale of Explora Chain (EXPL) has also just started meaning that an investment right now could be life-changing if it were to match the success of presales seen before.
These are the 5 cryptocurrencies that we believe have the most upside potential for the next three months. Dogecoin (DOGE), Polygon (MATIC) & Axie Infinity (AXS) could all see 5 to 10x returns whilst the presale nature of Pacman Frog (PAC) and Explora Chain (EXPL) gives us reason to believe they could potentially 100x.
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Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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