Black Monday was simply brutal. The market saw one of the most ruthless corrections. In a matter of just 24 hours, the market crashed sharply. Hundreds of billions worth of digital assets were wiped out from the market. This crash not only impacted the market, but also wiped out emerging sectors in the technology industry.
Crypto took the worst of the brunt. BTC saw a sharp dive and dragged most altcoins with it. The headlines changed from optimistic to downright panic-inducing. Even the strongest and most stable tokens saw a considerable drop of around 30 to 50%.
However, all is not lost. Beyond the veil of panic and crash, there is some glimmer of hope. Market analysis showed that the crashout was not as bad as it was anticipated. Many big whales did not even flinch during the crashout.
What is interesting is that there are some new tokens that are underway. Could this be a move towards the right strategy? Let’s see
EarthMeta ($EMT)
This is primarily an AI-driven token and has already been touted as one of the best tokens to hit the market. The multi-function utility of the token will certainly play in its favour and make it more future friendly.
Fjord Foundry ($FJO)
Next we have Fjord Foundr or FJO. This is more of a community focused token that is aimed towards establishing connection with new projects. FJO uses state-of-the-art technologies like fixed price sales (FPS) and liquidity bootstrapping pools (LBP) to create a conducive environment to further liquidity.
Covalent ($CQT)
This is more focused towards harnessing the power of data. This project has the ability to transform big data chunks into actionable insights. This feature increases the overall usability of the token. Which can increase its overall usability.
