It’s another red day in crypto after yesterday’s dead cat bounce. However, for anyone looking to invest in this market long-term, it doesn’t matter that much at this point. After a year in a downtrend, chances the bear market is coming close to an end.
This makes it rational to scout for high utility crypto that are massively undervalued at current prices, instead of trying to time the bottom. Some of the cryptos that have real usage at this point, and could make a major comeback in the next Bull Run include Dogecoin (DOGE) Basic Attention Token (BAT) and Stellar (XLM).
Dogecoin (DOGE) is one of the cryptos whose value comes from actual usage in the market. Over 95% of Dogecoin’s daily volumes come from actual usage, not market speculation. This gives it a good chance of growth because as more people use it, the intrinsic value of Dogecoin will only get better.
The use value of Dogecoin is the main reason why it has held on to its value in this bear market in spite of the fact that it is inflationary. Once the bulls return to the market, Dogecoin backed by major use in the market will see its value grow exponentially, relative to cryptos that derive all their value from speculation.
Basic Attention Token (BAT)
The Basic Attention Token (BAT) is not just a speculative crypto. It has real usage and in a high growth market. It is the token for payments for on the Brave browser and this is a big deal. It’s a big deal because the online advertising market as currently structured is unsustainable.
It is so inefficient that ad blockers have become the norm, hurting the revenues of most advertisers, and publishers. The brave browser changes this model, and the rewards are based on user attention, which also makes for more relevant adverts to users. The brave browser is on a growth trajectory and is gaining millions of users every month, and since the BAT is the reward token on the Brave browser, its use value will continue to grow. It stands in a good position to grow once selling pressure eases up in the entire market.
Stellar is another gem that has visible use in the market. One of the Stellar’s most visible use cases is in the stellar decentralized exchange. Through this exchange, investors can buy and sell any assets. Considering that transaction costs are made in stellar (XLM), it is a key anchor to its value, going into the future. Stellar is also being used a platform for launching security tokens.
Smartlands has already tokenized a number of major companies on the stellar network. This use case gives Stellar a major utility since the utility tokens market is a high growth market. Stellar also has a use case a transactional currency. It is one of the fastest and lowest cost cryptos in the market, and millions of transactions are carried out every day in Stellar (XLM) and that’s a key component to its long-term value.