What are the main social tokens that could rally?

What are the main social tokens that could rally?

Cointelegraph’s The Market Report is live right now. In this week’s episode, experts from the Cointelegraph team discuss which social tokens to watch today.

But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What are the prospects for the coming months? Pechman is here to break it down.

Next, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, and Sam Bourgi as they each make their case for the best social token. First up, we have Bourgi with his choice of STEEM, the native token of the blockchain-based social network Steem, which rewards users for creating content. Their goal is to return value to content creators who contribute to the platform. Although it is based on old technology, it is tested and has never been hacked and has had minimal downtime. It looks like a promising platform, but what will the rest of the hosts say about it?

Yuan is next with his choice of Whale, which is a return to a currency backed by truly tangible assets. Instead of using gold, it holds its value in digital art and rare collectibles, striking a balance between wealth preservation and growth speculation through a well-balanced “basket” of the rarest non-fungible tokens safely stored. in his vault. Whale token holders can purchase exclusive NFTs, digital and physical clothing, and vote in the Whale decentralized autonomous organization (DAO). Also, only 10 million WHALE will be created. Will this platform give everyone a chance to be a whale?

In third place we have Finneseth with his choice of RLY, Rally’s native token – a social token protocol that allows creators to launch their own cryptocurrency without any technical knowledge, as well as interact with their communities. It is a great protocol for streamers, artists, musicians, gamers, athletes, or even content creators in general, allowing them to monetize their social interactions. Rally charges no fees, has a low environmental impact, and requires no cryptocurrency expertise from content creators. Will everyone soon have their own cryptocurrency? Stay until the end of the program, where you can decide who has chosen the best project by voting in our live poll.

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After the showdown, we have the views of Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Lido DAO Token (LDO) and Koinos (KOIN).

Do you have a question about a coin or a topic that hasn’t been covered here? Don’t worry. Join the YouTube chat and write your questions there. The person with the most interesting comment or question will receive a free month of Cointelegraph Markets Pro, valued at $100.

The Market Report airs live every Tuesday at 12:00pm ET (4:00pm UTC), so be sure to head over to Cointelegraph’s YouTube channel and hit the like and subscribe buttons to receive all our future videos and updates.

This article does not contain investment advice or recommendations. All investments and business operations involve risk, and readers should do their own research when making a decision.

The views, thoughts and opinions expressed here and during the show are solely those of the analysts and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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