Solana currently powers many protocols, most especially NFTs and the metaverse. Many coins also now use its SPL token standard (Solana’s token standard, like ERC20 or BEP20).
Solana’s massive adoption has been the part of the reason its native coin, $SOL, has also been a top choice for crypto investors and enthusiasts.
Below are 3 NFT coins looking to be like Solana (SOL) soon! In this list, we have ApeCoin (APE), The Sandbox (SAND), and CashFi (CFI). I believe you may be seeing CashFi for the first time. Brace yourself to learn about this newcomer and why it made this list. Let’s get started!
ApeCoin (APE) is an ERC20 coin managed by APECoin DAO, a community of APE hodlers who make decisions in favor of the protocol and the ecosystem it will power in the future.
ApeCoin (APE) gained investor traction partly 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, most especially the upcoming metaverse game, Otherside.
Asides from the utilities on Yuga Lab’s ecosystem, $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 buy the in-game utilities of the game.
So it is apparent that ApeCoin is here to stay. To crown it all, $APE will maintain a deflationary model to help amplify its unit price over time. To achieve this, $APE tokens derived from transaction fees will be burned regularly. The burning will occur after sharing part of the transaction fees as rewards to the APECoin DAO and community members.
Now could be a good time to HODL $APE if you plan for a long-term investment. Short-time investors should closely monitor the chart and make necessary price analyses before putting their money or stand the risk of falling prey to the crypto tides.
The Sandbox (SAND)
$SAND is an NFT cum metaverse coin because it powers an NFT-based metaverse called The Sandbox. If you’ve been following the news lately, there is a chance you may have read about The Sandbox.
To keep you afloat, The Sandbox is a metaverse game that allows anyone to customize and personalize their experience in its virtual space. For instance, you could design and launch your own game in The Sandbox. Or you could choose to create avatars and sell them in The Sandbox’s NFT marketplace.
$SAND will be used to power the game and the underlying transactions. You may earn the $SAND token as you progress in the game.
The Sandbox (SAND) investor traction can be traced down to the reputation of its parent company — Animoca Brands — and the notable partnerships with the likes of Snoop Dogg and Adidas, and franchises like The Walking Dead and The Smurfs.
$SAND dipped massively following the crypto crash of 2022. However, with positive news in the market, it will look to reach its all-time high of $8.44.
CashFi is pretty much a new player on the list. Its NFT coin, $CFI, will be deflationary and power the entire CashFi ecosystem.
Among all the coins on the list, CashFi appears to be the most valuable because it will first launch presale campaigns allowing early investors to make over 200% of their entry prices before it becomes listed in a crypto exchange. The deflationary tactic on CFI will also lead to more price appreciation after presales.
$CFI will incentivize the CashFi ecosystem and create sustainable passive income avenues, including flexible liquidity staking—allowing users to invest in other CashFi investable features, such as CashFi Synths, while locking their assets in the liquidity pool. Holders of $CFI may also purchase CashFi NFTs at discounted costs.
Now could be the best time to lace our boots and run along with the project once it launches.