Momentary Correction Ahead: These 3 Tokens For Long-Term Offer Investors Safe Haven
The market volatility kicks in and the broader crypto market is trading in red. Global cryptocurrency market cap saw a 5% dip in the last 24 hours dropping to $2.3 Trillion. Leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) are also 12 and 15% down in the weekly time frame respectively. Increasing tension between Israel and Iran is expected to be the primary reason behind the tumbling prices across the market.
Experts believe the market should rebound after the initial disruption but there are no signals where the end for ongoing tussle. Investors look for assets to keep their investments safe from burning and the crypto market has a handful of such tokens that can be safe haven during uncertainties like the present times. The volatility could be temporary since the much awaited Bitcoin halving is around the corner. The event is historically evident to trigger crypto bull runs.
It becomes a daunting task to discover tokens that not only safeguard the investments during the volatility and market corrections but also ensure substantial returns in the long term. $CORE, $MNW, and $CREAM are those tokens that absolutely fulfills both the objectives.
Core ($CORE)
Core, commonly associated with its token $CORE, is a project built around the revolutionary Satoshi Plus consensus mechanism which blends Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Delegated Proof-of-Stake (DPoS) to tackle the blockchain trilemma of achieving scalability, security, and decentralization simultaneously.
Launched in January 2023, Core aims to provide a robust infrastructure for Web3 applications, emphasizing a community-driven approach through its decentralized autonomous organization (DAO). $CORE token, the native utility and governance asset of the network, is integral for transaction fees, staking, and network governance, with a total supply of 2.1 billion coins.
Current price movements indicate a moderate fluctuation in the market value of $CORE, reflecting the typical volatility observed in the crypto markets. The recent price rally of the CORE token has been marked by significant fluctuations, with a 73.5% downswing followed by a 146% bullish turnaround challenging resistance at $2.9. Despite a 19% decline, the coin maintains a market cap of $1.8 Billion and aims to break the overhead resistance to potentially regain 50% of its lost value.
At present the $CORE token price is $2. A successful breakout could lead to a 52% surge, targeting a high of $4.38. The coin's trading volume, technical indicators like the Exponential Moving Average, and market dynamics play crucial roles in determining its future price movements.
Morpheus.Network ($MNW)
Morpheus.Network ($MNW) epitomizes a pioneering middleware platform dedicated to revolutionizing supply chain management through its Software as a Service (SaaS) offerings, spearheading advancements in operational transparency and efficiency across the entirety of the shipping continuation. The platform adeptly addresses critical supply chain impediments such as counterfeiting and logistical delays, securing endorsements from prominent industry leaders and entities.
Its distinguished client roster boasts significant names including Gulftainer from the UAE, Canadian conglomerate Sobeys, global beverage leader Coca-Cola, FCL, and Marsh Insurance. Endorsed by the governments of Brazil, Uganda, and Argentina for enhancing agribusiness supply chains, Morpheus.Network's influence on global markets is unmistakable.
The platform garners support from esteemed technology accelerators, notably Google Accelerator Canada and Microsoft's Startup Founder Hub, and draws on the expertise of a United Nations supply chain specialist to deliver unparalleled supply chain solutions. Its contributions have also been acknowledged within the SAP ecosystem.
Central to its blockchain architecture, the platform's masternode program is instrumental in bolstering network security and scalability. Participants in the masternode program, who stake a minimum of 1800 $MNW tokens, play a critical role in strengthening the network's foundation, with opportunities to receive up to 18% annual percentage yield (APY) in rewards.
This strategic integration of cutting-edge technology with compelling financial incentives exemplifies the project's success in driving technological innovation aligned with robust economic returns.
Cream Finance ($CREAM)
Cream Finance is a decentralized finance (DeFi) platform that offers a variety of financial services including lending, borrowing, and exchange within the Ethereum ecosystem. It operates on an automated market maker (AMM) model, similar to platforms like Balancer and Uniswap, which enables decentralized token swapping without the need for traditional order books.
One of the standout features of Cream Finance is the "Iron Bank," a protocol-to-protocol lending platform that aims to act as a liquidity backstop for the entire DeFi ecosystem. This feature allows certain whitelisted protocols to borrow cryptocurrencies with zero collateral, enhancing liquidity and operational efficiency across DeFi protocols. Additionally, Cream has introduced a "Boosted Savings" feature that enables higher annual percentage yields (APY) through automated delegation strategies.
The $CREAM token, the native utility token of Cream Finance, plays a central role in the platform's ecosystem. It is used for governance, giving holders voting rights on various protocol decisions, and for staking to earn passive income. Token holders can also participate in liquidity mining to earn additional $CREAM tokens by providing liquidity to various pools.
Only a few tokens have been in uptrend and $CREAM has seen 150% rise in the monthly time frame. Currently the token is trading at $47 after dropping 8% from
recently attained yearly high of $54. The token price is in uptrend and the current movement is likely to push the price further.