Getting in early in specific cryptocurrencies such as Filecoin (FIL), Acrana (ACR) or Stellar (XLM) could be the difference between a massive and meagre profit.
According to CoinMarketCap, the likes of Filecoin (FIL) and Stellar (XLM) are two established cryptocurrencies that both rank inside the top 40 biggest cryptocurrencies.
Investing in either of these tokens early in its existence would most certainly bring significant capital to whoever did their research.
It can be frustrating when you miss the boat on a cryptocurrency that blows up exponentially while you’re left there counting all the money that would have been in your crypto wallet, should you have invested in time.
Therefore, when there is excitement about a project that has either yet to launch or is still in presale, there’s an eagerness within the space on whether this next project could be the one to explode.
Acrana (ACR)
A cryptocurrency that is yet to be launched, Acrana (ACR) has garnered anticipation ahead of its future appearance within the cryptocurrency market.
Founded in February 2022, Acrana aims to create a global virtual currency backed by cryptocurrency instead of the US dollar due to the weakening of traditional finance and the advent of decentralised finance.
In order to keep the value of its ACR token stable, the Acrana treasury owns different assets in a diversified portfolio and encourage its users to sell their collateral to the treasury in exchange for ACR tokens.
Acrana follows proof-of-stake protocols where users deposit money into a digital wallet and earn an incentive for doing so.
Positives of this include the fact that staking is better for the environment than mining cryptocurrency and less apparatus is needed for staking while users are also able to earn interest on their crypto holdings.
Filecoin (FIL)
Filecoin (FIL) is an open-source digital payment service that allows users to rent unused hard drive space.
The price of the storage is not controlled by any single company as Filecoin facilitates the open markets for both the storing and retrieving of files.
Alongside the payment service, Filecoin has a blockchain and its native FIL token.
A partnership with Polygon (MATIC) announced just last month means Filecoin will help developers in the NFT, gaming and metaverse space to expand the growth in those industries.
As previously mentioned, stratospheric returns of 4,600% were earned by the presale investors of Filecoin back in 2017, a presale that raised more than $250 million.
The FIL token is the 39th biggest cryptocurrency in the world, according to CoinMarketCap and is down 16.1% in the last seven days.
Stellar (XLM)
Stellar is an open-source decentralised protocol that can transfer digital currency into fiat money across the globe.
Its currency (Lumen) which trades under XLM, can be used by traders on the Stellar network and the key aim for the project is on developing economies in areas where banking services aren’t prevalent in.
Due to this, Stellar does not charge either individuals or institutions for using its network.
Stellar also makes it possible for users to create their own token in the shape of any fiat currency, as well as gift cards and cryptocurrencies.
Presale: https://presale.acrana.io/
(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)