Don’t Miss Out on These Ethereum Killer Coins — CashFi Token (CFI), Enjin Coin (ENJ), Litecoin (LTC)
Ethereum (ETH) has been ridiculed by the media lately over its scalability limitations, including its slow transaction and high gas fees.
Although Ethereum (ETH) is already making massive moves to maintain its position as the number one smart contract network, many Ethereum killers like CashFi are emerging in the crypto market.
In this article, we’ll see some Ethereum (ETH) killer coins that could be worth investing your money into. They include Enjin Coin (ENJ), Litecoin (LTC), and CashFi Token (CFI). Let’s drive on!
Enjin Coin (ENJ)
Enjin Coin (ENJ), the native and energy token of the Enjin blockchain, has been in the news lately due to its robust partnership with Fortune 500 companies like Samsung and Microsoft, which saw its price skyrocket by over 70% and 50%, respectively, on announcing the news.
Although Enjin Coin (ENJ) looks to apply a deflationary protocol, the token is not entirely deflationary. Enjin Coin has a total supply of 1 billion tokens, meanwhile, its circulating supply is nearly 900 million at the time of writing—and this encourages the minting of more tokens at an annual inflation rate of about 6%.
Enjin Coin (ENJ) (and its underlying network) was crafted based on a community-driven NFT and gaming protocol, which is the reason for its partnership with majorly tech companies. A peek into $ENJ’s statistics shows it is currently wavering following the neutral sentiment index in the FDI chart.
$ENJ hits an all-time high (ATH) that saw it reach nearly $5, but its stint did not last long, and the general crypto market bear run has caused it to tank over 90% of its ATH price. The good news is that $ENJ’s low price could be a motivation a buy and potentially double your investment when it crosses $1 in the future. Reason being that Enjin Coin (ENJ) will be looking to surpass its current ATH price.
Litecoin (LTC) is a popular cryptocurrency widely used as smart money on SaaS, B2B, and B2C platforms. For instance, LTC is used to pay rent on real estate platforms like ManageGo, which convert the money to fiat before paying landlords.
Litecoin (LTC) was launched in 2011 by a former Engineer at Google, Charles Lee, who forked and modified Bitcoin’s open-source code to create a lighter version of the crypto for payment services.
$LTC has experienced extreme price ranges, peaking at the current all-time high of $410.26 in May 2021, following a massive bull run that year. However, Litecoin (LTC) has lost over 80% of its ATH price since then. With positive market sentiment, LTC could soar past $100 and then moon toward its ATH price.
CashFi Token (CFI)
CashFi Token (CFI) is an ERC20 token powering CashFi and its entire products and features. $CFI provides all the necessary energy required to confirm and carry out transactions in CashFi’s liquidity pool and Synthetic DEX (CashFi Synths).
Despite being an Ethereum-based token, CashFi Token (CFI) will facilitate low-cost transactions and incentivise the CashFi ecosystem through staking rewards and exclusive trading fees in the Synthetic DEX.
What’s more? $CFI will be deflationary through token burning, a protocol that will stimulate higher prices for the token. Investors who buy the $CFI during the presale phases will have a viable coin and will qualify for CashFi Token (CFI) giveaways and rewards when it becomes fully operational.
Although CashFi is fully audited, it will maintain tighter security through bug bounties, where it will reward security contributors with some portion of CashFi Tokens (CFI). The recipients of the bug bounty rewards may hodl their tokens, become part of the validators through Proof-of-Stake (PoS), or choose to mint or trade NFTs on CashFi’s launchpad and marketplace using the tokens.
At the time of writing, CashFi Token (CFI) is running a live presale phase where it sells a unit of its token for about $0.027778. In total, there will be 60 million tokens to sell, and buyers may use various payment options (through bitcoin and altcoins) to get started. For clarity’s sake, the altcoins accepted include XRP, BNB, SOL, DASH, ETH, and Tron (TRX), among many others.
You can learn more about CashFi and its protocol below: