Despite the ups and downs, long-term investors have a history of making a fortune from the crypto market with strategic moves. Like all investments, it is important to dive deep into a cryptocurrency and understand the market relevance of its underlying project.
In this article, we have listed two cryptocurrencies that have captured the attention of long-term investors this year. We will take an analytical look at each and whether it can live up to expectations.
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Shop and make a positive impact on the planet. 🌎
👉 https://t.co/2mvhPBSMu9 pic.twitter.com/7jNORzfJXg
— IMPT.io (@IMPT_token) July 26, 2023
Worldcoin – Online Identity Authentication in the Era of AI
Worldcoin (WLD) is one of the top-trending cryptocurrencies of 2023. But interestingly, it is difficult to predict where you will find the token next – on the top gainers or top losers list.
WLD has managed to be on both, although it was launched on 24 July 2023.
The altcoin’s popularity is driven by reasons that raise skepticism rather than promise. Big names attached to the project like co-founder Sam Altman, who is also the CEO of OpenAI CEO, fuel the controversies.
As one of the most-talked-about projects of 2023, many have bought into Wildcoin in the hope that it will attain unicorn status within a few days of launch and go on to make multifold returns for early investors. But as the privacy concerns over the project grow intense and catch the attention of regulators, WLD’s appeal as a long-term hold is declining.
Worldcoin all-time price action, 26 July 2023, CoinMarketCap
At the heart of it, the project aims to provide a decentralized and private method for verifying human identity online. It holds significant relevance as AI becomes an integral part of the virtual and digital worlds. A key element of the project is World ID. You can store the ‘global digital passport’ on your mobile devices to prove your human identity without submitting your phone numbers or government IDs to websites.
On May 8, Worldcoin launched a gas-free crypto wallet, enabling users to register for their World ID using a phone number or an iris scan. Although the project assures that the data is not retained, it has stirred controversies.
Regulatory grip is imminent for WLD
Worldcoin’s ambitious goal for an AI-rich world has been met with mixed reactions. Some view it as creepy and dystopian, while others see it as the future. But the controversies couldn’t stop Worldcoin from securing $115 million in funding to support its decentralized identification system and the World App crypto wallet.
On July 14, Worldcoin saw over 2 million sign-ups, sending WLD predictions through the roof. It was followed by a study by MIT Technology Review that alleges that the majority of the first one million users were onboarded through “deception, cash handouts, and exploitation of workers” in developing countries.
The allegations are serious, and many industry experts have come forward against Worldcoin.
‘If this technology goes wrong, it can go quite wrong.’
OpenAI CEO Sam Altman admitted during a Senate hearing that his ‘worst fears’ are causing ‘significant harm to the world’ via developing tech. pic.twitter.com/RROe9DnR2U
— NowThis (@nowthisnews) May 16, 2023
A recent report from Reuters reveals that Britain’s data regulator ‘Information Commissioner’s Office’ (ICO) will be looking into Worldcoin as it raises privacy concerns. The news has sent investors rethinking their positions. As more regulators inquire into the project, WLD could face more challenges in retaining investors. The fears of regulatory intervention are expected to lead to a steep crash for the token in August.
Its journey ahead will be determined by how the team tackles the concerns and which direction the project takes from there.
IMPT – More than a financial investment
Another key project on the radar of long-term investors is IMPT. The project’s price action has been largely steady since its launch, but its growing network and partnerships are expected to pave the way for a gradual price rise this quarter.
IMPT’s goal is to give everyone the opportunity to help support hundreds of environmental projects around the world in a simple way that doesn’t require them to change their daily life.
- As part of IMPT Planet’s Loyalty Programme, you can earn IMPT points by purchasing products from thousands of the world’s leading brands listed on the IMPT shopping app.
- IMPT’s app-based system allows retailers to track shopping that has taken place within their stores.
- Convert your IMPT points to carbon credits and make meaningful contributions to reducing global carbon levels.
- Retain, track, burn, sell or hold your carbon credits.
Both the IMPT shopping platform and carbon credits marketplace are now live.
According to a new report published by Research Dive, the global carbon credits market is projected to surpass $143,530.6 million and grow at a CAGR of 55.5% in the estimated period, 2023-2032. It will be fuelled by the rise in factory greenhouse gas emissions.
Given that more companies are becoming liable for mandatory carbon offsetting and socially-responsible businesses and individuals are opting for voluntary carbon offsetting, IMPT is stepping into a fertile niche.
Planet’s Loyalty Programme attracts new wave of investors to IMPT
IMPT has launched an affiliate program called Global Rollout Network to bring more retailers and consumers to Planet’s Loyalty Programme. As an IMPT partner, your role is to create awareness about the loyalty programme in your region and expand the network of retailers and shoppers.
For example, by being an IMPT country partner, you have the exclusive rights to operate and expand IMPT’s retail partnership network in your country. Listed below are just a few of the benefits that a country partner receives:
- 5% of all the leadership agreements within their country.
- 2% of all commissions generated by all IMPT purchases in the said country, both online and offline, excluding affiliates.
- Pay 20% and receive 8% APY on full investment. As the price will rise with all new countries, leaderships, and areas purchased, people who are early to seize the opportunity will have a significant edge.
- Opportunity to attend quarterly global events hosted by the IMPT executive team, where the country partner can learn about the latest developments, strategies, and plans for the company.
- Opportunity to work with IMPT’s Global PR team to help promote the brand and share news about the Planet’s Loyalty Program.
If you missed out on the chance to become a Country Partner, you can also choose to be an IMPT Leadership Partner or an Area Partner. Both come with attractive benefits and rewards. The Global Rollout Network presents one of the best investment opportunities of 2023. But the spots are filling up fast. For more details about the programme and to find out which countries/territories/regions are still open, check out the official website.
IMPT Global Partners Network
Verdict: IMPT vs. Worldcoin – Which One Should You be Investing in?
If you are looking for a short term investment to make quick bucks, the obvious answer is Worldcoin. The project can give substantial returns in the coming days before the bears take over the market. But WLD is a risky long-term investment as the regulatory grip could lead to an early demise of the project.
As long-term investments, utility coins underpinned by market-relevant projects work best. A project like IMPT that has a social mission ingrained in its makeup is largely immune to regulatory threats. Governments and brands need projects like IMPT to demonstrate their pro-tech stance.
To give you a better insight into the project’s expanding network, here are a few brands that have joined IMPT’s global rollout network.
In the coming months, the project will expand its network to more brands across the world. The use cases of the token are just beginning to unveil. As the utility of the token rises, so will its value.
To conclude, WLD is an excellent short-term investment this week with potential 100-300% returns if it manages to sustain the positive momentum. But if you have your eyes set on long-term returns amounting to ROI in five digits, IMPT is the clear choice.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
