Coin Edition -
- Crypto analyst Deezy, host of Discover Crypto, lists native Cardano tokens that could see upward price surges.
- The analyst mentions that AGIX, WMT, BOOK, MIN, and IAGO will benefit from increased activities within the Cardano ecosystem.
- LENFI, VyFI, and memecoin SNEK are also predicted to see considerable price increases in the near term.
Amidst the resurgence in crypto investors’ confidence in the market, Deezy, one of the hosts of the crypto YouTube channel Discover Crypto, in a recent video, highlighted the tokens within Cardano that could see significant upward price movements in the near term.
SingularityNET (AGIX)
According to the video, AGIX is the largest native token within the Cardano ecosystem. Data from CoinMarketCap shows the token has a market capitalization of over $370 million. The analyst noted the token benefited from the ChatGPT frenzy and expects the token to see considerable price movements going forward.
World Mobile Token (WMT)
WMT is also one of the tokens with a sizable market capitalization within the Cardano ecosystem. Per the video, the token was designed to disrupt the mobile phone telecom market by increasing access and ensuring more privacy. The token has edged lower in the last 24 hours, although it is up 10% on the weekly chart.
BOOK.io (BOOK)
The crypto analyst predicted that the publishing token BOOK will see a price surge, pushed by adoption and its partnership with Mark Cuban. Deezy noted that Cuban is one of the seed investors in the company and expects Book to benefit as the investor pivots more into crypto.
Minswap (MIN)
Despite recent price downturns, Deezy remains bullish on MIN, the native token of the decentralized exchange platform Minswap. The analyst predicts a recovery in the price as ADA sees more upward movement.
IAGON (IAG)
As AI technology booms, Deezy predicts IAGON will see more demand for its decentralized cloud storage technology. Furthermore, the analyst said the token would benefit from a Filecoin pump, given similar business models.
Lenfi (LENFI)
Per the video, LENFI is a lending platform comparable to Ethereum’s AAVE. As the Cardano DeFi ecosystem grows, Deezy predicts LENFI will also expand its user base and trading volumes.
VyFinance (VyFI)
According to the analyst, the DeFi token VyFI has been on an upward climb, which he expects the token to maintain. In addition, the analyst expects VyFI to benefit from a boom in the Cardano DeFI ecosystem.
Snek (SNEK)
SNEK is the largest memecoin in the Cardano ecosystem and a top seven token in terms of liquidity. Despite its low comparable market cap of $21 million, the token sees a lot of trade volume from the community.
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