Cointelegraph’s “The Market Report” is now live. This week, Cointelegraph’s resident specialists discuss which social tokens are worth your attention.
First, Marcel Pechman, a market expert, carefully analyzes the Bitcoin (BTC), and Ether (ETH), markets. Is the current market situation bullish or bearish? What are the prospects for the next few weeks? Pechman will help you understand it.
Next: The main event. As each of the three Cointelegraph analysts Jordan Finneseth, Benton Yaun and Sam Bourgi argue for the top social token, join them. Bourgi presents his selection of STEEM, which is the native token for the Steem social-blockchain network. It rewards content creators. Its purpose is to return value to content creators who use the platform. It is based on an older technology but it has been proven to work and has not been hacked. There has also been minimal downtime. It looks promising, but what do the other hosts think?
Yuan will be next with his choice of Whale, which represents a return to an asset-backed currency. It holds its value in digital art, rare collectibles and gold instead of using it. This currency seeks to strike a balance between wealth preservation, growth speculation, and wealth preservation through a well-balanced basket of rare nonfungible tokens that are securely stored in its vault. Whale tokenholders have the ability to purchase NFTs and digital swag and vote in Whale’s autonomous organization (DAO). To make it even more special, only 10 million WHALE will ever be created. This platform will allow everyone to become a whale.
Finneseth is the third candidate with RLY, Finneseth’s pick — Rally’s native token. This social token protocol allows creators to create their own cryptocurrency and interact with their communities. This protocol is great for streamers, artists and musicians as well as gamers, athletes, and general content creators. It allows them to monetize social interactions. Rally is free, has low environmental impact, and does not require any crypto experience from the content creators. Is everyone going to have their own cryptocurrency? Keep watching until the end to see who won the best project by voting in our live poll.
We have insights from Cointelegraph Markets Pro after the showdown. This platform is for crypto traders who want stay one step ahead. Cointelegraph Markets Pro is used by the analysts to identify two altcoins which stood out this week: Lido DaAO Token (LDO), and Koinos(KOIN).
Are you looking for information on a topic or coin that isn’t covered here? Don’t worry. You can join the YouTube chat and ask your questions there. The person who submits the most relevant comment or question will receive a $100 free month of Cointelegraph Markets Pro.
Market Report is live at 12:00 ET (5:00 UTC) every Tuesday. Make sure you visit Cointelegraph’s YouTube channel to smash the like and subscribe buttons to all future updates.
This article is not intended to provide investment advice. Every trade and investment involves risk. Readers should do their research before making any decision.
Analysts’ views, thoughts, and opinions are their own and do not necessarily reflect the views or opinions of Cointelegraph.