Every new season in crypto brings fresh tokens, fresh metas, fresh ecosystems, and fresh opportunities. While trends change and verticals rise and fall, the quest for new opportunities remains undiminished.
For astute traders, searching for undiscovered gems and undervalued tokens, it’s wise to cast a wide net to maximize the chances of uncovering a winner.
The three tokens profiled here share little in common save for the amount of interest they’re currently garnering.
Interest that is likely to convert into price appreciation this season. While there are no guarantees in crypto, the following tokens should at the very least be near the top of your watchlist.
MYTH
Any token that’s up 20% in a week (data from Monday, July 15th) deserves a closer look, but whatever’s going on with MYTH, it’s not in the midst of some short-lived pump.
Zoom out and that becomes instantly clear: the token’s been rising gradually all year, with this week’s trajectory merely accelerating what was already underway.
MYTH is the native token of Mythical Games, the gaming studio and chain that’s been riding high off the success of NFL Rivals, its debut release.
The company has been commissioned to develop the Pudgy Penguins game, is preparing to launch its sophomore release Blankos, and has been shortlisted for various awards.
Mythical Games recently migrated to Polkadot and is in the process of onboarding hundreds of thousands of user wallets. It’s currently riding high, with the Mythical Platform for launching third-party games poised to drive further demand for the MYTH token. All the signs suggest that MYTH has further room to grow.
DOGS
One of the most eagerly anticipated coins this season has yet to launch but there’s no doubting that when it does it’s going to achieve great things in terms of market cap.
DOGS is a TON memecoin that has tapped into the growth of Telegram Open Network and gotten users of the popular messaging app extremely excited.
In less than two weeks, more than 5 million users have joined its channel, aided by the slick onboarding experience that awards points based on Telegram user history.
When these points are converted into tokens, DOGS will launch with one of the largest token-holder communities in crypto history. Could DOGS overtake top TON memecoin NOT with its $1.7 billion cap?
You wouldn’t want to bet against it.
There is likely to be significant upside to DOGS if it can maintain its clever social marketing that’s put other TON memecoins in the shade. Fade this one at your peril.
FRIEND
Smart traders don’t just analyze tokens that are going strong: they also consider those that may be oversold. They’re currently unpopular, why is exactly why now is the opportune time to take a closer look.
Many of the tokens that are multiples down from their previous ATH will never recover. But due to tech, team, or some sort of defensive moat, a few will buck the trend. FRIEND, the native Friend.tech token, is one such candidate.
The hype surrounding FRIEND has long since diminished, but behind the scenes its team is still building. The first genuinely original web3 social network, Friend.tech has pioneered new ways for crypto communities to hangout and share alpha.
Once it implements much-needed UX improvements and adds new features, FRIEND’s current $58M cap will prove to have been a significant undervaluation. While there’s probably no cause to FOMO in immediately, keep Friend.tech on your radar. It’s not done by a long shot.
There are thousands of tokens out there and even the best organized and highly motivated of traders can’t track them all. Be selective about the tokens you monitor and don’t limit yourself to a single ecosystem or crypto vertical.
Do your research, set up price and volume alerts, and go for tokens you have conviction in. If your hunch tells you a particular asset is undervalued, there’s a high chance there are others who’ve reached the same conclusion. Be patient and your diligence will be rewarded.
The post MYTH, DOGS, FRIEND: Three tokens to watch closely this season appeared first on Invezz
