The past days in the cryptocurrency market have witnessed most cryptocurrencies rally upward. This is excellent news to enthusiasts and investors, who hope the year will end on this positive run. While it’s too early to call it a bull market run, we won’t be wrong saying the crypto winter is finally receding and will soon be over.
One thing experts and clever crypto enthusiasts do in this period is identify good projects to purchase to make the most of the long overdue favorable market run. Of course, we hope this recent positive run won’t be temporary, so we’ve identified some cryptocurrencies to help you make the most of this coin market condition.
Stacks (STX), Gala (Gala), and the new cryptocurrency Pugglit Inu have been tipped as good buys during this period. Although, this prediction can’t be 100% guaranteed. We review the cryptocurrencies below:
Stacks
Stacks is a low-price digital currency with over half-a-billion dollars in market capitalization. It is included in over 134k+ individuals’ watchlists, and potential buyers are willing to leverage its low price for a high-profit margin. Experts have advised only to invest the amount you can afford to lose but are optimistic about a positive run during this period.
Stacks reach an all-time high of over $3 in 2021, surging from its base price of $0.045 in the previous year. As a result, early adopters took huge profits. The token currently sells at less than $0.5, and analysts believe it can break the $1 mark and rally towards its ATH if favourable market conditions are.
The token powers stack a layer-1 blockchain-based protocol that introduces decentralized applications (DApps) and smart contracts to Bitcoin (BTC). The Stack token (STX) powers the execution of the smart contract, processes the transactions, and it’s used to register digital assets on the protocol Blockchain.
Gala
Gala (GALA) is another low-priced digital asset on a positive market run. Analysts believe it could bring a high-profit margin at the right entry point. Over 513k+ individuals currently monitor GALA on Coinmarketcap.
Early adopters enjoyed huge profit returns when GALA experienced an unprecedented price surge in the previous year, reaching an all-time high of $0.83 from a meagre price of $0.000151.
While the bear market declined, the cryptocurrency has been on a recovery run, selling at around $0.05 in market price. Experts believe the coin will surpass this point and may break the $1 barrier. GALA is a gaming token. Gala games give players autonomous control over games, leaving them to decide how they want to play. Gala games leverage blockchain technology to achieve this.
The platform allows community members to contribute to decision-making by owning NFTs or staking GALA tokens. You purchase the platform’s NFT collectible series VOX, using the GALA token. The blockchain network features Town Star. The developers are working on new additions, which might increase the token’s value.
Pugglit Inu
Pugglit Inu token, PUGT, fuels the platform’s functionalities. It will be responsible for transactions on the Pugglit Inu protocol and used as incentives for users and community members. In addition, the Binance smart chain-based token will give holders governance rights and the platform’s DAO power.
Pugglit Inu (PUGT) will also facilitate cost-effective transactions on Pugglit Swap — a decentralized exchange for the transfer/exchange of different tokens between users on other or the same blockchain networks.
As a DeFi platform, users can also lend their token holdings to the Pugglit Inu liquidity pool and earn passive income through interest rates. Earned tokens can be securely stored in the Pugglit Multi-token wallet, where you can swap, buy, or sell your stored tokens at will.
The utility and functionality of Pugglit Inu (PUGT) increases is a good recipe for a progressive rally in the market. Experts believe the market will be favorable upon its launch, and early adopters can earn huge returns within a few months of launch.
Pugglit Inu (PUGT) will be available on presale soon, and early entry is advised to gain 1st presale phase purchase bonus of 10%. You can also earn based on the amount you purchase. $100 gives a 4% bonus, while $500 and $1000 give 32% and 64%, respectively.
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