Are you a crypto trader who hasn’t had a good year recently? It’s been a nightmare for most investors, but those who kept calm and held their assets might have recovered some of their losses until now.
To make things easier for you, we identified five underperforming cryptocurrencies and what might be their best alternatives. Love Hate Inu, Fight Out, C+Charge, Metropoly, and RobotEra are the five alternate projects you can invest in for huge gains.
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Five Underperforming Cryptocurrencies
Many crypto tokens started to recover in 2023, but some projects still haven’t performed well. Let’s check out what these projects are.
1. Shiba Inu (SHIB)
Shiba Inu (SHIB) is the second largest meme coin by market cap, which was released in competition with Dogecoin but without any utility. The community was the main supporter that helped it grow to new heights.
SHIB has been underperforming for the past year as investors now look for real-life use cases in projects, and it doesn’t offer much. Also, the emergence of other meme coins diluted the market for SHIB.
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2. STEPN (GMT)
STEPN (GMT) is a Move-to-Earn (M2E) platform that rewards you for walking miles after buying their built-in sneakers. You can also sell your upgraded sneakers in their marketplace for a significant profit.
The downfall of GMT occurred because users were forced to buy expensive sneakers and had to pay maintenance costs as well after running a certain distance. And with people making no profit, they started to back off from this project.
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3. Solana (SOL)
Solana (SOL) is an eco-friendly blockchain project offering fast and cheap transactions, ideal for decentralized platforms and smart contracts. Even with better technology than its competitors, it has been underperforming because of technical glitches.
One of the main reasons for Solana’s underperformance is the network outage it experienced. The platform suffered an eight-hour outage, which caused transactions to be delayed and created a backlog of unprocessed transactions, causing user frustration.
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4. Propy (PRO)
Propy (PRO) is a real estate blockchain platform allowing you to buy or sell real-estate properties online. The company aims to simplify real estate transactions by using blockchain technology.
Propy has been reported to be underperforming due to user adoption. To be able to sell properties, you’ll need to buy their agent subscription. Plus, the buyers only get the NFT of their purchased property and no additional benefits.
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5. The Sandbox (SAND)
The Sandbox (SAND) is a virtual reality gaming platform that allows users to build, own, and monetize their gaming experience. You can trade in-game NFTs on the platform for promising returns. This platform doesn’t have a back story like other projects.
It faced tough competition from other blockchain-based gaming platforms. They captured more market share and attention from users. Additionally, SAND has had some technical issues and hasn’t been able to generate significant revenue.
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Five Rallying Alternatives
These are the five best alternatives you should invest in to recover all your loss from the previous year.
1. Love Hate Inu (LHINU) – Best Meme Coin With Added Utility
Love Hate Inu (LHINU) is an up and coming Vote-to-Earn (V2E) meme coin project that rewards you for participating in the polls. The project is based on the Ethereum platform, making it secure and transparent, which means no manipulation of the voting results.
Unlike SHIB, LHINU offers real-world benefits and utilities as you can convert the rewards into USD and spend on whatever you like. With LHINU, you can share your opinion with 90% of the tokens in the hands of community members. What’s the wait? Buy this rallying alternative in presale right now.
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2. Fight Out (FGHT) – Revolutionizing The Fitness Industry With Blockchain Technology
Fight Out (FGHT) is a Play-to-Earn (P2E) ecosystem redefining the fitness industry. Unlike STEPN, you won’t have to buy sneakers, as you’ll get a free avatar bound to your real-world physique and will upgrade as you improve your fitness.
GMT only offered rewards for completing a few miles, while FGHT offered rewards for all the completed workouts. And on top of it all, its app also offers customized workout sessions. So don’t think much; if you lost money in GMT, try FGHT to recover it all.
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C+Charge (CCHG) – The Best Payment Option For EV Owners
C+Charge (CCHG) is an eco-friendly Peer-to-Peer (P2P) EV charging payment solution. It has an app in beta testing that contains a wallet with all your CCHG tokens, geolocates nearby charging stations, and provides waiting times so you can save your precious time.
CCHG is a great alternative for SOL, CCHG also rewards users with carbon credits that they can use to reset their carbon footprints, but SOL only offers fast and efficient transactions on the blockchain network. It is currently in presale, so grab CCHG at its lowest price.
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Metropoly (MET) – NFT Marketplace For Real-World Properties
Metropoly (MET) is an NFT marketplace backed by real-estate properties worldwide. Even with $100 in savings, you can buy properties worldwide without any paperwork or third-party interference.
MET offers NFTs of different properties worldwide, all under its ecosystem. While at PRO, users sell their properties after purchasing their subscription. You only profit after selling a property on PRO while on MET; even if you have one NFT of a property, you’ll still be earning dividends. Isn’t it enough? Go and grab an NFT of your favorite property now.
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5. RobotEra (TARO) – A Robot-based Gaming Metaverse
RobotEra (TARO) is a blockchain-based gaming Metaverse crypto where you’ll be tasked to rebuild the Robot planet called Taro as a Robot avatar. You can search for resources around the planet and buy and sell them to earn rewards.
Like SAND, you can build whatever you want with your creative imagination and sell them to earn tokens. However, SAND doesn’t have a specific avatar, but TARO does with its Immersive gaming and socialization capabilities. In short, TARO has a better ecosystem than SAND and is a great alternative. So wait no more and buy TARO now.
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Summing Up
The existing underperforming projects still have the potential to grow, but for now, LHINU, FGHT, CCHG, MET, and TARO are the best crypto tokens you can invest in. All these are currently in presale and stealing the show, so it’s the best time to buy them at their lowest price.
