Regardless of the downturn that has engulfed the crypto market since the beginning of the financial year, some options promise high returns for crypto investors. Moreover, analysts predict the current phase as the right opportunity to reassess portfolios and make necessary changes.
With a little market research, one can invest in tokens that promise immunity in the face of market volatility. Here are some tokens with a potential profitable future.
Keninah Concord (KEN) enters the market with a benign plan
Keninah Concord (KEN) is built on a decentralized platform with a plan to reward the community with decision-making powers. This cryptocurrency has a special emphasis on donations to geographical areas negatively affected by war crimes. Since the beginning of the war, almost 60 million dollars have been donated to Ukraine exclusively through crypto format.
To create a feeless system for non-profit organizations in the Keninah ecosystem, Keninah Concord (KEN) aims to create a permission-based blockchain system that can be maintained by non-profit platforms.
However, Keninah will continue to use a public blockchain that is free from centralized oversight, ensuring total decentralization and governance. The transactions are hashed and sent back to the Binance Smart Chain network before being written on the chain along with the hash of the ledger source that created the block, even if this is a BEP20 token. As a result, even though this is a BEP20 token, many transactions will be handled by a separate off-chain permission ledger.
A notification is sent to donors when a donation milestone is reached; a verifier checks that the data is accurate. Then the milestone is approved, the smart contract is triggered, and money is available for the next milestone to be reached. As a result, more individuals will feel confident using Keninah because investors are kept informed and can see how their money is being put aside for a good cause.
The token allocation section shows that 5% of all KEN tokens are reserved for charity, amounting to 250,000,000 tokens. Therefore, the token shows great promise in establishing a functional cryptocurrency that is also dedicated to philanthropic purposes. A team of tactful developers combined with a socially responsible organization makes Keninah Concord (KEN) a token with high potential in the crypto space.
What is Keninah Concord (KEN) and how to buy it?
Essentially, the development of Keninah Concord (KEN) is structured around smart contracts operating on the Binance Smart Chain (BSC) network. The total supply of 5,000,000,000 of the KEN contract will be distributed according to the criteria of fair coin pricing and transparent distribution. The KEN token is currently in the pre-sale phase, making it the ideal time to lock in your investments while coin prices are still low.
For its investors, Keninah Concord offers a number of bonuses and referrals. For example, you will receive 2%, 5%, 12%, 30% or 55% extra KEN tokens when you purchase KEN tokens in amounts of $100, $300, $500, $1000 or $2500 in fiat currency respectively. On the other hand, both recipient and initiator can receive $30 worth of KEN tokens if they introduce a friend to the Keninah Concord (KEN) platform and the friend buys $100. These are some of the many ways Keninah Concord proves to be a fruitful investment that can stabilize your portfolio in the face of market fluctuations.
Cardano (ADA) is climbing the crypto ladder
In recent news, Cardano (ADA) overtook crypto giants like Solana (SOL) in the list of top 10 cryptocurrencies. The token has even managed to surpass Bitcoin (BTC) in terms of brand intimacy. Cardano (ADA) traders are elated by this development and the analysts are predicting bullish patterns for this cryptocurrency.
Apart from an active mention on various social platforms, Cardano (ADA) has also shown positive patterns in the technology development sector. It is believed that the Cardano developers are working hard to improve the Vasil hard fork.
Apart from Keninah Concord (KEN), Cardano (ADA) has also taken a significant step in the philanthropic direction. Cardano blockchain technology co-founder Charles Hoskinson just released an update on Twitter. He claims that IOG, the company that created Cardano, participated in an $11 million funding round to help Kenyan fintech startup Pezesha. Charles Hoskinson believes that investing in Pezesha is an important step for Cardano because the fundamental goal of cryptocurrencies and DLT in general is to start financial flows into developing countries to help expand their economies and create jobs. Making it easier for individuals to apply for loans and providing them on a regulated basis is essential to Cardano’s philosophy (ADA).
At press time, Cardano (ADA) is valued at $0.46 and has a market capitalization of nearly $15.7 billion.
Polygon (MATIC) promises reasonable gas fees
At the time of writing, Polygon (MATIC) has shown a value increase of 2.73% over the last 24 hours. With a market cap of $7.3 billion, Polygon (MATIC) is valued at $0.84 and has shown a positive trend over the past week as well. Since it is a penny cryptocurrency, it can be a profitable and affordable addition to your crypto portfolio.
Polygon (MATIC) operates on a layer-two scaling technology that has enabled the general public to interact with DeFi in a meaningful way. The gas fees for Ethereum have always been condemned by investors given how high and prohibitive they are. However, investors now have access to Ethereum’s robust ecosystem thanks to Polygon’s PoS (Proof-of-Stake) MATIC sidechain. This has solved the serious problem of high transaction fees for investors who navigate extensively in the crypto field.
It is interesting to note that Polygon (MATIC) has also actively identified the concerns of investors and put the issue of reasonable gas taxes in the spotlight to earn their trust. The crypto industry is increasingly centered around the personal interests of investors and society, which are not always necessarily financial in nature. Focusing on investor complaints and social responsibility can increase the validity and popularity of a cryptocurrency, as can be inferred from the cases of Keninah Concord (KEN), Cardano (ADA), and Polygon (MATIC).
Tips for an ideal portfolio
It is highly recommended to conduct market research before investing in any given cryptocurrency. A useful tip would be to look at how socially responsible the cryptocurrency is, which can tell you a lot about the motivation and validity of the token. Cryptos that actively engage in donations tend to perform well and rightfully earn the faith of investors.
Moreover, it is always suggested to diversify your crypto portfolio by investing in tokens of different ages and asset classes. By adding different tokens, the portfolio becomes more stable and immune to market fluctuations that may not have been accounted for.
It is also wise to carry out a routine reassessment of the portfolio to stay in touch with market developments and trends. An ideal time to do so would be at the end of each quarter so that you are in constant touch with your financial goals and fintech investments. With such a manageable and consistent practice, you can build a portfolio that suits your material ambitions in the most scalable and profitable way.
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