Cryptocurrencies to Watch Out For in June: CashFi (CFI), Solana (SOL) and Chiliz (CHZ)
With the new month and summer season now upon us, it is a good time to think about investing your money into something profitable. Cryptocurrencies have had a difficult time over the past month due to the crash, with coins such as Bitcoin (BTC), Ethereum (ETH) and Terra (LUNA) significantly declining. Despite this, many are still trying to discover alternative methods that contrast with traditional centralised institutions for investments. This article will explore three cryptocurrencies that have huge potential to provide investors with great financial returns: CashFi (CFI), Solana (SOL) and Chiliz (CHZ).
Get Your Cash Back With CashFi (CFI)
A new addition to the crypto market is CashFi (CFI), which is an Ethereum-based network powered by the ERC-20 token, providing users with access to different asset classes. CashFi describes itself as a unified platform that plans to adopt on-chain interoperability and off-chain cooperation along with adopting a qualitative methodology. The ERC-20 CFI token will provide investors with a range of benefits and use cases such as staking, governance, non-fungible tokens (NFTs) and holding.
Additionally, because CashFi runs through the Ethereum ecosystem, it is multi-chain compatible, meaning that this token can be transferred across several blockchain networks. The networks that CFI is associated with include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Solana (SOL). The presale period has begun and plans to conclude on 26 September 2022, which is also CFI’s official launch date. Currently priced at $0.027778 at the time of writing, the token is relatively affordable, meaning it could be an advantage to take part in this before the price begins to rise.
Solana (SOL) – The “Ethereum Killer”
Building itself a solid foundation and reputation in the crypto market, Solana (SOL) is one of the most prominent blockchain networks in existence. Developing the alias “the Ethereum killer’ due to its fast transaction speed of 2,700 transactions per second and the Proof of History (PoH) consensus, Solana provides the users with cryptographically verified passage of time between two events. Essentially, Solana is an open-source project that relies on blockchain technology’s permissionless nature to permit solutions for decentralised finances (DeFi).
The blockchain officially launched in March 2020, right before the eruption of the COVID-19 pandemic. This played to Solana’s advantage, as people were shying away from using centralised bank organisations due to the value of things such as individual savings accounts dropping significantly. Additionally, COVID-19 gave individuals the time to think of new methods of making money and investing, which is exactly what a blockchain like Solana has done for many investors. Despite having a difficult time in May with SOL dropping by 30% in early May according to Forbes, it remains in the top ten viable cryptocurrencies on CoinMarketCap as of 6 June 2022.
Chiliz (CHZ) – The Sports and Entertainment Token
Chiliz (CHZ) describes itself as ‘the world’s leading blockchain fintech provider for sports and entertainment. Its distinctiveness of solely focusing on the entertainment and sports market is what makes it appeal to investors who are looking for something new. CHZ operates the blockchain sports-entertainment outlet Socios – permitting users to engage in the governance of several sports brands that appeal to them.
Chiliz (CHZ) has developed a partnership with some of the biggest names in sports organisations which include Manchester City, FC Barcelona, Juventus, Paris-Saint Germain and A.C Milan. What makes the cryptocurrency distinct is providing a limited supply of fan tokens which are distributed on a first come first serve basis. From here, holders can vote with their fan tokens on Socios, which can take place through the use of smart contracts – a program that runs when predetermined conditions are met. With a current market capitalization of $782,820,190 according to CoinMarketCap, Chiliz has great potential to grow due to its distinct project.
June is the beginning of the summer season, and with the presale of CashFi (CFI) starting, crypto investors have a new blockchain network to experiment with. Additionally, currencies that are solidified such as Solana have a high potential to recover quickly from their decline, while Chiliz’s profit returns have a high chance of increasing due to its uniqueness, which will surely bring sporting fans to the world of crypto. Do further research before investing in any cryptocurrencies, as it is a gamble, but it is one that if successful, can be financially rewarding.
More information on CashFi (CFI):
Presale Registration: https://enter.cashfi.finance/register