Crypto Market Turns to the Utility of Leading Assets
The crypto market is now getting tired of assets rising on pure hype, and is turning to utility and
stability. Meme tokens gave way to Ethereum (ETH) as a more liquid asset that also carries the
biggest crypto ecosystem. At the same time, Ripple (XRP) still faces challenges with its use
cases. The Clandeno (CLD) ICO focuses on the utility narrative to draw investors as the Ethereum
(ETH) market recovers.
Ethereum (ETH) Still a Leader in Crypto Fees
Ethereum (ETH) showed its utility by logging the highest fees among other high-traffic chains.
More users chose Ethereum (ETH), helping keep the price stable above $3,000. Ethereum (ETH)
also recovered to $3,154.40, raising the value locked in decentralized finance projects.
Ethereum (ETH) also draws in old holders to stake their coins, becoming node operators for
added security. The scarcity of Ethereum (ETH) means the token has significant barriers to entry
for newcomers, but is a highly active trade for whales, or new arrivals from the world of
traditional finance.
Ripple (XRP) Extends Another Short-Term Rally
Ripple (XRP) traded at $0.53, extending its rally with a significant 15% daily gain. But the project
is still pressured by its utility. Ripple (XRP) claimed to be able to replace SWIFT interbank
communication, but has lagged behind simpler networks. No one is building on Ripple (XRP),
unlike other chains that host decentralized exchanges, games or lending pools.
The lack of apps makes Ripple (XRP) hard at work to defend its case as a utility chain. Ripple
(XRP) once again awaits a future verdict, aiming to avoid a hefty fine required from the US
Securities and Exchange Commission.
Clandeno (CLD) Focuses on Automation, Transaction Efficiency
Clandeno (CLD) is trying to focus on the efficiency narrative, to place itself among top utility
platforms. Clandeno (CLD) will build a high-capacity, automated marketplace to connect
vendors and buyers. The Clandeno (CLD) platform aims to carry all types of physical items, from
cars to real estate, safely and confidentially paid in cryptocurrencies.
All Clandeno (CLD) token holders will gain from the platform’s utility, as they will be eligible for a
share of the 5% commissions on sales. Clandeno (CLD) will also encourage long-term holding
and voting on the platform’s future. The buyers in the Clandeno (CLD) presale ICO will also gain
access to an early preview of the product.
To find out more about the Clandeno presale, visit their website here.
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