What are the best social tokens waiting to take off?

“The Market Report” with Cointelegraph is online right now. On this week’s show, Cointelegraph’s resident experts discuss which social t...



“The Market Report” with Cointelegraph is online right now. On this week’s show, Cointelegraph’s resident experts discuss which social tokens you should be watching closely.

But first, market expert Marcel Pechman takes a close look at Bitcoin (BTC) and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it down.

Next step: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as everyone argues for the best social token. First, we have Bourgi with his choice of STEEM, the native token of the blockchain social network Steem, which rewards users for creating content. Its goal is to restore value to content creators who contribute on the platform. Although it’s based on older technology, it’s been proven and never hacked, and had minimal downtime. Sounds like a promising platform, but what will other hosts say?

Yuan is next with his choice of Whale, which is a return to a truly tangible asset-backed currency. Instead of using gold, he retains his value in digital art and rare collectibles, seeking to strike a balance between preserving wealth and speculating on growth through a well-rounded “basket”. balanced of the rarest non-fungible tokens safely stored in its vault. Whale token holders can purchase exclusive NFTs, digital and physical swag, and vote in the Whale Decentralized Autonomous Organization (DAO). To add to that, there will only ever be 10 million whales created. Will this platform give everyone the opportunity to be a whale?

In third place we have Finneseth with their choice of RLY, the native token of Rally – a social token protocol that allows creators to launch their own branded cryptocurrency without having any technical knowledge and interact with their communities. It’s a great protocol for streamers, artists, musicians, gamers, athletes, or even general content creators, allowing them to monetize their social interactions. Rally takes no fees, has a low environmental impact, and requires no crypto experience from content creators. Will everyone soon have their own cryptocurrency? Stay tuned until the end of the show, where you can decide who has the best project choice by voting in our live poll.

After the confrontation, we have ideas of Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Lido DAO Token (LDO) and Koinos (KOIN).

Do you have a question about a part or a subject that is not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will receive a free month of Cointelegraph Markets Pro, worth $100.

The market report airs live every Tuesday at 12:00 p.m. ET (4:00 p.m. UTC), so be sure to tune in to The Cointelegraph YouTube page and smash those like buttons and subscribe for all our future videos and updates.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here and during the broadcast are analysts’ only and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Newsrust - US Top News: What are the best social tokens waiting to take off?
What are the best social tokens waiting to take off?
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