3 Tokens to Accumulate Before the Upcoming Altcoin Rally Begins
Many analysts have predicted an upcoming altcoin season, during which many altcoins are expected to spike to at least 2025.
Although the altcoin season affects many cryptos, history has shown that some cryptos outperform by a very wide margin.
Some of the ways to identify them early are their utility and how what they offer affects real-world usage.
In researching this, these three tokens came quickly to mind: SpacePay’s SPY, Chainlink’s LINK, and Aave.
SpacePay (SPY)
SpacePay is first on this list because of its unique approach to solving the problems that have prevented the quick adoption of crypto solutions over the years.
The core of SpacePay’s solution is its SPY token. This token drives the project’s system and is used for different actions and benefits within the platform.
SpacePay makes it easy for merchants to accept cryptocurrency payments, allowing them to access a new client base.
One of its major solutions is protection against crypto volatility. SpacePay achieves this by letting users transact in their preferred cryptocurrency while converting the payment to fiat currency.
This ensures merchants receive the agreed-upon amount regardless of volatility during the transaction.
Another key feature is the speed of transactions. SpacePay ensures no waiting time for payments, making it useful for businesses that need swift settlements.
SpacePay’s solution is user-friendly; it is compatible with over 325 wallets, and payments can be made by simply scanning QR codes.
The platform can be easily integrated with traditional point-of-sale (POS) machines without requiring merchants to purchase new payment devices.
SpacePay also has transparent pricing with no hidden charges or fees. It charges as little as 0.5% per merchant transaction. Unlike some cryptocurrency platforms, fees do not increase based on transaction volume.
As SpacePay’s solution gains adoption, its SPY token is likely to rise in value. The token is used to reward active participants within the ecosystem through monthly loyalty airdrops.
Stage 3️⃣ Presale for $SPY is selling fast! 👀🔥
Don't miss your chance to be part of the SpacePay revolution. 🌎
Secure your tokens now and join us in shaping the future of digital payments. ⏳ pic.twitter.com/poGDNt6SHJ
— SpacePay (@SpacePayLTD) August 8, 2024
SPY holders will also be involved in having a say in key ecosystem decisions. They will also have early access to new features, allowing them to provide feedback on products. This helps build an engaged community invested in the platform’s growth.
Currently, SpacePay is in its pre-sale stage, and it has raised over $380,000, with one SPY token selling for $0.00176. Investors can capitalize on this period to accumulate SPY tokens at potentially their lowest price.
To purchase SPY, users can visit the presale page and connect their wallet. They can then secure tokens using ETH, USDC, or USDT.
Chainlink
Chainlink provides smart contracts with the necessary tools to access off-chain data.
The decentralized solution uses different independent nodes to ensure no single entity fully controls the data. Chainlink’s capacity to link smart contracts to real-world data helps create diverse decentralized apps (dApps) with practical uses.
The solution is essential in developing decentralized finance platforms, supply chain management systems, and other applications requiring extensive data.
Relying on multiple nodes helps Chainlink provide accurate information, potentially increasing user trust.
Many new DeFi projects are likely to start soon as the industry is still at its early stage. Hence, this could drive more adoption of Chainlink’s solution, which could increase the value of its LINK token.
Aave
Aave is one of the most popular places for DeFi lending. It allows its users to lend, borrow, and earn interest on various cryptos.
The DeFi ecosystem’s continuous growth could also increase lending protocols’ popularity, as investors may need to get some funds for some users within a blockchain.
The Aave team is also constantly working on new features and integrations that could enhance the protocol’s functionality and attract more people.
Aave could be one of the tokens that stands out in the upcoming bull run. Between July beginning and the second part of August, the price rose by more than 100%, while many other cryptos, including Bitcoin, have continued to struggle within a range.
Aave’s price action reflects what investors think about the project. Although it is still far away from its all-time high, its strength, compared to other cryptos, has made it a standout coin.
Comparing Aave with other crypto, Bitcoin, for example, has been trading sideways and downward since March to the time of writing, while Aave has been rather sideways and upward until recently, when the buying momentum increased and it broke out from a major descending trendline.
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