With new institutional and individual investors arriving in the cryptocurrency space on a daily basis, high-yielding and high-volume currencies such as Bitcoin (BTC) and Ether (ETH) are capturing the majority of investor interest as it is well known. Blockchain Ventures “Safe Investing”.
Once these new investors learn about the major cryptocurrencies and how to navigate the volatile markets, Your attention will soon turn to smaller-cap currencies in search of promising ventures that could be the next big thing. Many successful business use fractional cfo to improve their finance strategies and grow.
Really, CoinMarketCap shows there are 8,475 tokens with more being added every day. This makes it difficult to keep up with the latest developments and find robust projects with real potential in the world.
However, here are some great projects that have gained momentum in recent weeks.
MRPH / USDT
Morpheus Network (MRPH) is a blockchain platform focused on logistics and supply chain optimization using a SaaS middleware platform integrated with emerging technologies.
Supply chain managers can use the platform to create a digital representation of their network where the information collected is converted into actionable data, and all steps in the supply chain are documented on the blockchain. Morpheus.
MRPH traded at $ 0.412 on January 15th Prior to the business influx, the token raised more than 920% to Feb 8th, $ 4.44 high.
4 hour chart for the MRPH / USDT pair. Source: TradingView
This is partly due to the rapid increase in prices The attention the project has received from several famous YouTube influencers and recent verifiable MRPH partnerships, How Qingdao Maple Leaf International Trading Co., Ltd. China and the possibility of partnering with Coca-Cola in Latin America.
Speculation aside, The Morpheus platform currently has over 100 integrations with leading service providers across the industry, including DHL, FedEx, SWIFT, Oracle and Salesforce. With significant real-world partnerships and influencer interest in cryptocurrencies, MRPH has strong fundamentals and is likely to garner more interest from investors.
BMI / USDT
Bridge Mutual Corporation (BMI) is a newcomer to the decentralized insurance business, but it is quickly catching the eye of investors.
The insurance platform provides coverage for stablecoins, central exchanges, and smart contracts. It also allows users to provide insurance coverage, determine insurance payments, and receive compensation for participating in the ecosystem.
BMI’s decentralized initial exchange offer (IDO) was made on January 30th at $ 0.125 per token and first listed on Uniswap for $ 1.03. Since it was included in Uniswap, BMI rose 540% to a high of $ 5.46 on Feb 3rd. Currently, the BMI is trading at $ 3.24 after the market crash that started on February 21.
Chart BMI / USD 1 hour. Source: Quinn Gecko
Decentralized insurance has dominated until now before Nexus Mutual (NXM), But the arrival of BMI presents a new competitor in an area of increasing demand due to the risky nature of investing in DeFi platforms.
REEF / USDT
Reef (REEF) is Polkadot-based DeFi platform that aims to offer chain trading powered by a performance engine and intelligent liquidity pool that allows exchange process automation.
One issue that Reef developers hope to provide a solution is the soaring gas fees on the Ethereum blockchain that are making DeFi currently unusable for many community participants. The team also hopes to help link groups of liquidity from separate networks, avoiding the need for multiple accounts that may be difficult to track.
4 hour chart for REEF / USDT pair. Source: TradingView
Work on the project began in the second half of 2020 with the completion of its IDO on September 30th. After being listed on Binance and Uniswap at the end of December 2020, the REEF price reached a low of $ 0.0067 on Jan.13 and has since risen more than 750% to a high of $ 0.054 on Feb 11.
The DeFi industry remains one of the fastest growing in the cryptocurrency sector, and Reef is well-positioned to capitalize on its continued growth. As the Polkadot ecosystem grows its user base and provides solutions that mitigate high Ethereum transaction costs, jobs projects across the chain such as Reef are set to benefit as decentralized financing reaches mass adoption.