Solana (SOL) has captured the hearts of many DeFi developers due to its invaluable attributes. Alongside Avalanche (AVAX), stats show it powered more DApps than Ethereum in 2022 alone.
Solana currently powers many protocols, most notably NFTs and the Metaverse. Many coins now also use its SPL token standard (Solana’s token standard, like ERC20 or BEP20).
The mass adoption of Solana was partly the reason why its native coin, $SOL, has also been a top choice for investors and crypto enthusiasts.
Below 3 NFT Coins looking to be like Solana (SOL) soon! In this list we have ApeCoin (APE), The sandbox (SAND)and CashFi (CFI). I think you are seeing CashFi for the first time. Get ready to learn more about this newcomer and why he made this list. Let’s start!
ApeCoin (APE) is an ERC20 coin operated by APECoin DAO, a community of APE holders who make decisions in favor of the protocol and the ecosystem it will power in the future.
ApeCoin (APE) has caught the attention of investors in part due to the reputation of its parent ecosystem – Yuga Labs and Bored Ape Yacht Club (BAYC) – and the products and features it will power in the future, particularly the next metaverse game, Otherside.
In addition to Yuga Lab’s ecosystem utilities, $APE, will feature as smart money in subsequent DeFi partnerships. A good example is Animoca Brands’ upcoming game, Benji Bananas. $APE will be used to purchase the game’s in-game utilities.
It is therefore obvious that ApeCoin is here to stay. To top it off, $APE will maintain a deflationary model to help amplify its unit price over time. To achieve this, $APE tokens from transaction fees will be burned regularly. Burning will occur after sharing part of the transaction fee as a reward of the APECoin DAO and community members.
Now may be the time to HODL $APE if you are considering a long term investment. Short-term investors should watch the chart closely and perform necessary price analysis before putting their money in or risk falling prey to the crypto tides.
The sandbox (SAND)
$SAND is an NFT cum metaverse coin as it powers an NFT-based metaverse called The Sandbox. If you’ve been following the news lately, chances are you’ve heard of The Sandbox.
To keep you afloat, The sandbox is a metaverse game that allows everyone to customize and personalize their experience in their virtual space. For example, you can design and launch your own game in The Sandbox. Or you can choose to create avatars and sell them on The Sandbox’s NFT marketplace.
$SAND will be used to power the game and the underlying transactions. You can earn the $SAND token as you progress through the game.
The sandbox (SAND) Investor traction can be attributed to the reputation of its parent company – Animoca Brands – and notable partnerships with Snoop Dogg and Adidas, and franchises like The Walking Dead and The Smurfs.
$SAND fell massively after the 2022 crypto crash. However, with positive market news, it will look to hit its all-time high of $8.44.
CashFi is pretty much a new player on the roster. His NFT coin$CFI, will be deflationary and will feed the whole CashFi ecosystem.
Out of all the coins on the list, CashFi appears to be the most valuable as it will first run pre-sale campaigns allowing early investors to earn over 200% of their entry prices before they get listed on a crypto exchange. The deflationary tactic on CFI will also lead to greater price appreciation after presales.
$CFI encourage the CashFi ecosystem and create sustainable passive income streams, including flexible liquidity staking, allowing users to invest in other CashFi investment features, such as CashFi Synths, while locking their assets into the liquidity pool. $CFI holders can also purchase CashFi Discounted NFTs.
Now might be the best time to lace up our boots and follow the project once it’s launched.