Caprice Finance (CFT) is currently making headlines and has a solid use case. The utility provided by this new token launch could make it one of the best investments in 2022. It could even outperform and provide greater returns than Ripple (XRP) and Avalanche (AVAX) if the project provides timely updates. Let’s find out how you can invest in Caprice Finance (CFT) and its investment potential.
Ripple finds a new partner in Allbridge
Ripple has been added by Allbridge, and it will enable decentralized finance (DeFi) solutions to be deployed on the XRP ledger. This is a significant development and will push the price of XRP coins higher in the short term. The XRP ledger houses a decentralized exchange, and Allbridge will ensure that Defi and other financial products can be rolled out on Ripple’s network. It brings Ripple one step closer to additional layer 1 solutions that offer such services. XRP remains one of the most important cryptocurrency tokens with many holders.
The XRP token was trading at $0.75 and can be added at this level to realize some upside gains in the near future.
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Avalanche plans to raise $350 million
Ava Labs, the company behind the popular crypto token AVAX, has announced plans to raise $350 million to push research and development efforts on the AVAX blockchain. The news resulted in bullish behavior for the token, and AVAX was trading at the $78.7 level at the time of writing. The Avalanche blockchain network has offered competition to the likes of Ethereum with better security and interoperability. The large capital being raised could further propel the AVAX coin.
Caprice Finance could overtake other popular tokens
The Caprice Finance token is currently available through a presale at a particularly appealing price.
The CFT token will be offered on multiple blockchains such as Ethereum, Polygon and Binance Smart Chain. The Caprice Finance creators are trying to build an NFT and metaverse space that are the hottest topics in the crypto-verse today. Each transaction will ensure the burning of some CFT tokens that can never come into circulation again. The CFT token is, therefore, a deflation currency, and as the supply reduces over time, the price should see high appreciation.
The NFT marketplace being built by Caprice Finance will allow users to transfer and burn their existing NFTs on the CFT blockchain. It will provide NFT creators with the ability to seek royalties and sell their NFTs easily. Being cross-chain compatible, it is up to the creator to choose a network. Creators could opt for a network with low fees and even shift between different blockchains as required.
Benefits of CFT token
The CFT token will provide users with airdrops in the form of rewards from transaction fees. So the more tokens you have, the higher rewards you can reap. This unique attribute allows CFT holders to multiply their gains without much risk. Just buy and hold onto your CFT tokens and let them multiply over time.
In the future, the platform will incorporate support for yield farming, and it is currently being sold for a price of $0.004. Considering the immense potential of the CFT token, the presale is a good investment opportunity and could result in high gains for its users.
While Ripple and avalanche can see a potential gain of anywhere between 10%-20%, CFT token could very well provide higher returns in the range of 30X to 50X since it is grossly undervalued. Investors are purchasing heavy volumes, and the passive income generated by the coin is an attractive feature not available on other major coins.