Over the years, the cryptocurrency market has emerged as an alternate investment venue for millions of investors and traders around the world. Apart from offering blockchain solutions for real-world problems,the native tokens and currencies of several crypto projects also provide a safe store of value along with the usual return on investment.
In today’s fast-paced world it is important to safeguard one’s wealth and investments, and hedge one’s financial risks. In 2024, Binance Coin (BNB), NFT Finance (NFTFN) and XRP emerged as promising altcoins that will keep your money safe during tough times.
Binance Coin (BNB)
BNB is one of the most widely used cryptocurrencies in the world, mostly due to its role as the native token of the Binance Ecosystem. This ecosystem includes the Binance Smart Chain (BSC), and its namesake crypto exchange, which happens to be the largest of its kind. Other Binance products and services also utilize BNB on their platforms.
BNB’s market capitalization of more than $86 billion makes it the fourth largest cryptocurrency in the world. It is currently trading at $575 with a trading volume of $1.9 billion. As a crypto behemoth, Binance’s status in the world adds a sense of security and credibility to BNB, positioning it as a suitable altcoin to keep your money safe.
NFT Finance (NFTFN)
NFTFN, a pioneer in the web3 fintech space, tackles key challenges surrounding the NFT market, including lack of liquidity and high entry barriers. Its flagship product SuperNova offers exposure to blue chip NFTs like Bored Ape Yacht Club (BAYC), CloneX, Doodles, and Azuki for as little as $10, fostering an inclusive trading ecosystem.
NFTFN is currently in the second stage of its highly anticipated presale, where investors are lining up to buy the token for just $0.03. NFTFN’s backing from the likes of Polygon, and alliances with industry leaders like Google and OpenSea, add significant credibility to the project. NFTFN not only offers immense growth potential, but also a safe haven for your money.
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XRP
Since its inception in 2012, Ripple has made a name for itself not only in the crypto industry, but also the global financial market. As a prominent player in enterprise blockchain solutions, Ripple’s products and services have been a key driver of XRP’s popularity and growth over the years. This includes RippleNet’s popular On-Demand Liquidity (ODL) service, which keeps XRP in constant demand.
Data from CoinMarketCap shows that XRP is currently trading at $0.6, with a market capitalization of $33 billion. XRP’s trading volume has surged 22% over the past 24 hours alone, indicating an increase in interest among traders. XRP’s affiliation with a global player like Ripple demonstrates its potential as a safe store of value.
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