The bear market is the perfect time to buy tokens of promising crypto projects at an undervalued price. I have already written a guide on how to choose tokens for investments and how an NFT investor can survive a bear market. In this article, you will find my fundamental analysis of 5 crypto projects: COSMOS, NEAR Protocol, Walken, Ancient8, and Polygon.
Fundamental Analysis of COSMOS (ATOM)
The team, the project, and the idea are up-and-coming and can literally change everything in the crypto world. The idea is really worthy of delight. It will have a great demand if it is qualitatively implemented.
But at the moment, its implementation is impossible because:
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There were no buzz projects released on Cosmos
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Unclear tokenomics
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Suspicious distribution of tokens on crypto wallets
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Silent social media
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No news
But, it is impossible not to note the advantages, which speak of the possible great potential:
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Work on the project code happens regularly
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Many programmers are involved in writing the code
Perhaps COSMOS (ATOM) is quite realistic to implement and will bring a considerable change in the field of DeFi, but at the moment there is no 90% confidence in this. The project really lacks the buzz around it.
- Investment type: high risk
- Investment timing: 1-2 years
- Goals: $20, $40
Fundamental Analysis of NEAR Protocol (NEAR)
The goals and the team's ideas are quite realistic and can significantly impact the crypto world. The main feature is Sharding technology - segmenting transactions into different validators. NEAR Protocol can create a system where specific validators will process transactions of specific projects from particular areas (DeFi, GameFi, etc).
This will allow dividing the work between more validators - thus speeding up transaction processing, reducing transaction fees, and solving the scalability problem by having more validators doing their specific part of the work (transaction processing).
Potentially, in 2023, NEAR Protocol can improve the system so that it can dynamically add/remove transaction processing tasks for validators depending on the workload of their equipment. They will dynamically self-regulate. Also, the project's infrastructure is very well structured due to the individual projects responsible for their specific work.
NEAR Protocol (NEAR) has a huge potential due to the idea, team, goals, realization of goals, positioning, and user-friendly attitude. Tokenomics and the market situation are now excellent to go into the project.
- Investment type: medium risk
- Investment timing: from 6 months to 3-4 years
- Goals: $20, $80, $100, $400
Fundamental Analysis of Walken (WLKN)
This is a game app with reasonably ambitious goals. The mechanics of the application is simple enough at this stage but have a significant difference that makes it an exciting project - an element of competition.
Also, according to the roadmap, Walken (WLKN) has exciting plans that would contribute to its mass adoption and more gamification of the application.
The Walken team looks good. It consists of IT developers and some graphic designers. The planned tokenomics looks just as good, except for the lack of TGE on IEO. Walken (WLKN) has a beta version of the app.
Walken (WLKN) has promising plans, but the main question is whether it will implement them.
Suspicions aroused WhitePaper and the website - they have too little information.
The leading competitor is STEPN, but with the implementation of all plans, Walken has the opportunity to bypass it.
Features of investing in Walken (WLKN) - it is essential to follow the hype around the application and its development, news, and events.
- Investment type: high risk
- Investment timing: 2-4 months.
- Goals: $1
Fundamental Analysis of Ancient8 (A8)
This gaming guild aims to expand the GameFi community and make money. The business model is based on renting gaming NFTs to players from fairly poor countries. They provide themselves players (workers) who do not invest money in NFT but work off their labor to share the profits with the guild. Also, the project has a blog that evaluates projects, selects the best projects for the players, shares the GameFi news, and creates a community.
Ancient8 (A8) creates an ecosystem around the project. It has a blog, plans co-operation with games that have been released and scheduled to launch, and plans to launch its Launchpad aimed at the sphere of GameFi.
Ancient8 (A8) has an excellent and very attractive tokenomics for investors. Information about the team and roadmap is virtually absent, probably because of the pre-start state of the project and its specifics. 20% of the team members raise some concerns, which are compensated by the funds coming into the project.
Several top funds (Alameda, Pantera, Coinbase, Coin98) are entering the Ancient8 (A8) project. This means the project could be worth a lot.
The social accounts of Ancient8 (A8) are pretty developed. There is a face of the project and regular news.
The project has considerable and confident potential. Even at the pre-start state, their actions are quite serious, which speaks of the goal to become number 1 in the market.
The project is definitely interesting. You should follow it and its news and wait for the listing. Before listing, be sure to reanalyze and take into account the changes.
- Investment type: high risk
- Investment timing: 6-12 months
- Goals: -
Fundamental Analysis of Polygon (MATIC)
This is a platform for developing crypto projects compatible with the Ethereum blockchain. It is Ethereum’s additional layer.
The project's goal, idea, and function are to create a platform "from developers to developers". Polygon (MATIC) creates a convenient ecosystem for developers, lowers their entry threshold, and makes projects more attractive due to lower transaction fees, fast transactions, easy scalability, the actual connection to the ETH network, and transfer of value from it.
Polygon (MATIC) already has more than 19,000 projects, among which strong and popular players exist. Its main competitor is NEAR.
Advantages over NEAR:
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Rapid and constant development of technical capabilities to create apps
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Earned a prominent name among the developers
NEAR's advantages over MATIC:
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The project focuses on both developers and users
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The project actively supports developers on both the state of the idea, technical part, funding, and launch
Polygon is constantly updating and working on the platform and shows great interest in developing it further and aiming to become a market leader in development platforms. It has good perspectives and will launch even more quality projects and grow. But its marketing is depressing.
- Investment type: high risk
- Investment timing: 6-18 months
- Goals: $1, $2, $3
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