Amid the current global cryptocurrency market crash, investors are looking out for cryptos with strong foundations and potential for growth. During periods of uncertainty, low-supply tokens usually attract attention due to their higher volatility and potential for significant profits. Out of the many choices, three tokens – Render (RNDR), Celsius (CEL), and Akash Network (AKT) – have attracted smart investors’ interest because of their strong performance even during the market decline.
1. Render (RNDR)
RNDR is an ERC-20 token and an AI altcoin, used by artists to exchange for GPU compute power from providers on the network. Art is verified through proof of render before payment. Assets are hashed and sent to nodes for rendering, with payments held in escrow until verified. Watermarks are used until payment is disbursed to prevent malicious activity. Payments are only released upon manual verification of successful rendering by the artist.
According to CoinMarketCap data, Render has a market cap of over $4 billion and a circulating supply of 388,643,224 RNDR tokens, Render demonstrates strong fundamentals. Moreover, its fully diluted market cap of $5.79 billion suggests significant potential for further growth, making RNDR an intriguing prospect for investors seeking exposure to the burgeoning field of decentralized graphics rendering.
2. Celsius (CEL)
Introduced in June 2018, the platform provides incentives for users who deposit cryptocurrency, as well as offers services like loans and wallet payment options.
Platform users are regularly paid out and earn interest on their holdings. The CEL token, which is Celsius’ native token, has various internal functions such as enhancing user payouts when used for payments.
Celsius has over $200 million in market cap and 238,863,520 CEL tokens in circulation. The token’s potential for continued growth is evident in its fully diluted market capitalization of $646 million, making it an attractive choice for investors looking to invest in the rapidly growing DeFi space.
3. Akash Network (AKT)
Akash Network, represented by the token AKT, has garnered significant attention for its innovative approach to cloud computing. The platform is innovating cloud computing with its Supercloud, utilizing blockchain technology to create an open-source, decentralized marketplace for cloud resources. This revolutionary platform offers unmatched speed, efficiency, and affordability, changing the way users access essential cloud services.
Akash Network has solidified its position as a major player, with over $1.35 billion in market capitalization and 236,381,941 AKT tokens in circulation. Furthermore, AKT’s fully diluted market capitalization of $2.22 billion indicates enough potential for expansion, making it an appealing investment option during the current market instability.
Akash Network token continues to show resilience, with a trading price of $5.72 as of now. Even though it has dropped by 7.59% in the last day, it has seen an increase of 38.42% in the last month. Its year-on-year growth is notably high, totaling 2288.80%.