As we wait for the next bull market, many traders and web3 enthusiasts are searching for the next token to ape into. But with so much noise in the crypto-sphere, sometimes it’s difficult to see the wood from the trees. Read on if you’re keen to ensure you don’t miss an early opportunity to invest in some of the leading new projects this summer. We’ve listed five crypto tokens you should have on your radar.
In this guide:- What is a “crypto summer?”
- Which tokens should be on your radar in summer 2023?
- VC Spectra (SPCT)
- XRP20 (XRP20)
- BTC20 (BTC20)
- PAAL AI (PAAL)
- Everlodge (ELDG)
- Opportunities in the bear market are plentiful
- Frequently asked questions
What is a “crypto summer?”
Crypto summer is a term used to describe a period of time in the market when the prices of various cryptos experience significant growth and bullish trends. It is akin to a bullish market phase or a period of positive momentum where the value of cryptocurrencies generally rises. However, as opposed to an actual bull market, it can occur in a bear market.
This term draws an analogy with the TradFi concept of an economic or stock market boom but in the context of the cryptocurrency market. It signifies a time when investors and traders observe substantial gains and positive sentiment within the cryptocurrency space.
Bitcoin market cap: CoinMarketCapDespite taking a nose dive last year, overall, the crypto market has made higher lows this year. While BTC has nosedived in August 2023, there are still good deals to be had when it comes to finding new tokens before summer is out. When the project is smart, investing can be fruitful, particularly in a bear market.
Which tokens should be on your radar in summer 2023?
VC Spectra (SPCT)
vcspectra.ioExploreBlockchainBitcoinStagePresaleAuditInterFi NetworkKYCBlockAuditWhat is it?
In a nutshell, Spectra VC is a venture capital fund that finances business ventures, with a primary focus on blockchain and technology. The best part is the platform gives you returns on your investments from the success of these businesses.
How it works
The native token on the Spectra platform, the Spectra Token (SPCT), is a BRC-20 token that is used for asset management, decentralized trading, exchange, and transaction fees.
It is deflationary and based on the Bitcoin blockchain, with a burn mechanism that gradually reduces the number of tokens in circulation.
The Spectra token also allows users to vote on future investment ideas and obtain buyback dividends on a quarterly basis. Additionally, it gives users access to premium pre-ICO opportunities before they are made available to the general public.
VC Spectra has multiple funds that it uses to generate income from investors, separated by utility. This includes a growth potential fund, a yield farming fund, an early stage business fund, and an arbitrage fund.
Moreover, the fund has an extensive rewards system that allows users to earn passive income. The rate at which you earn is based on a tiered system, with those holding the most SPCT tokens at the top. In other words, the more SPCT tokens you hold, the more you earn. There are 10 levels at which you can enter, suiting a wide array of customers.
How to invest
1. Navigate to the vcspectra.io website.
2. Select “Invest Now!.
3. Enter the required information for registration and the purchase amount.
XRP20 (XRP20)
xrp20coin.comExploreBlockchainEthereumStagePre-launchAuditOxGuardKYCN/AWhat is it?
XRP20 is an Ethereum-based XRP variant. It has no ties to XRP or other Ripple Labs products. This token is for experimentation and entertaining purposes only.
How it works?
XRP20 follows a recent trend in cryptocurrency to provide second a chance to those who missed out on successful cryptocurrencies. The benefit of XRP20 is the ability to purchase the token for the smallest amount of money and stake it to generate passive income.
The smart contract has a deflationary mechanism that guarantees that 0.1% of each transaction is burned, and that 10% of the supply will also be destroyed. In contrast to the original coin, anyone who holds XRP20 can now stake their tokens to generate passive revenue.
How to invest
The presale is now complete. All presale participants must use the same wallet they used to contribute in order to claim their tokens from the official website. However, there will be another opportunity to buy when claiming, as it will occur simultaneously with the DEX listing.
BTC20 (BTC20)
btc20.comExploreBlockchainEthereumStagePre-launchAuditN/AKYCN/AWhat is it?
BTC20 is an Ethereum-based ERC-20 version of bitcoin. Taking advantage of the proof-of-stake Ethereum network, it is environmentally friendly as a result.
How it works
The tokenomics structure of the BTC20 token is similar to that of bitcoin, except that the clock starts in April 2011 when the price was $1 and the supply was 6.05 million. BTC20 has a maximum supply of 21,000,000 coins.
This figure will be reached in about 120 years. The token will be distributed on a regular basis to existing BTC20 holders who are staking their tokens. BTC20, like bitcoin, is set to drop its simulated block rewards by 50% every four years, beginning with 50 BTC20 every ten minutes.
How to invest
1. Acquire a safe and reliable Ethereum compatible wallet.
2. Deposit crypto into your wallet.
3. Go to a the official website.
4. Use the link to navigate to Uniswap.
5. Purchase BRC20.
PAAL AI (PAAL)
paalai.ioExploreBlockchainEthereumStageLiveAuditN/AKYCN/AWhat is it?
PAAL is an ecosystem for AI that makes use of cutting-edge ML and AI technology. The project is supported by Google Cloud’s partner program from startups.
PAAL gives users the ability to develop customized artificial intelligence, deploy it across a variety of platforms. Some of these include Telegram and Discord. It also provides AI solutions for enterprises and projects.
How it works
The cryptocurrency-focused AI answers questions, abstracts dialogues, and evaluates chat sentiment. It can also upload files and retrieve real-time data, among other things.
The PAAL ecosystem offers revenue sharing and rewards for stakeholders through various channels. These include 1% of all $PAAL trading volume, subscriptions to AI tools, revenue sharing from services, a substantial 25% in referral rewards, and airdrops for partner projects.
Users have the opportunity to earn tokens by engaging with the AI service, participating in referrals, and actively contributing to the community. Furthermore, these tokens provide the ability to partake in governance voting and can be staked to earn interest, granting access to premium features.
How to invest
1. Navigate to the official PAAL website.
2. Scroll down to “Swap PAAL.”
3. Connect wallet.
4. Select an amount to buy.
Everlodge (ELDG)
everlodge.ioExploreBlockchainEthereumStagePresaleAuditInterFi NetworkKYCBlockAuditWhat is it?
Everlodge is a real estate investment trust based on blockchain technology. It democratizes ownership, lowers the cost to entry, and thereby provides a road to fractional investing in vacation rentals.
How it works
Holding presale tokens automatically provides membership in the exclusive Everlodge private members club. Token holders can make passive income by staking their tokens. They can also use their tokens to receive discounts on trading fees and purchases within the Everlodge ecosystem.
Aside from tokens, you can start earning money by purchasing fractional shares in your first vacation property for as low as $100. You can also benefit from value appreciation when you own property.
How to invest
1. Register for Everlodge account.
2. Connect your wallet on the official website.
3. Press “Buy Presale.”
Opportunities in the bear market are plentiful
Despite the ongoing bear market, there are several interesting and fruitful crypto projects to keep your eye on this summer. You still have the opportunity to make potential gains on many projects, particularly in the long term. Remember always to do your own research and only buy into projects you are genuinely excited about. Avoid hype and being motivated by FOMO or other emotional drivers.
Frequently asked questions
What is a crypto summer?
Crypto summer is a term used to describe a period of time in the cryptocurrency market when the prices of various cryptocurrencies experience significant growth and bullish trends. In crypto, terms are often coined to describe new technologies, trends, and phenomena specific to the industry. The rapid evolution of the cryptocurrency industry has led to a unique vocabulary that can be challenging for newcomers.
Which strategy is best for crypto trading?
Many people disagree on the best strategies for trading. Ultimately, the most basic question you must ask before you begin trading is are you an investor or trader? Investors are looking for long term utility and price appreciation, while traders seek more immediate price actions. If you are a trader, you can make use of strategies such as: following signals, trend trading, contrarian trading, etc.
Is it a good idea to DCA crypto?
Dollar cost averaging (DCA) as an investment strategy is a personal choice that depends on what you can afford, the size you are purchasing, and your ultimate goals. For example, if your goal is to become wealthy, DCA into a single BTC is unlikely to reach this goal. However, you can tailor your DCA strategy by spreading your purchases weekly, bi-weekly, or quarterly, to reach your goals. This all depends on how much you want to buy and a specific price point suitable to your income level.
