“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the social tokens you should be keeping a close eye on.
But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each makes his case for the top social token. First up, we have Bourgi with his pick of STEEM, the native token of the Steem social blockchain network, which rewards users for content creation. Its aim is to give back value to content creators who contribute on the platform. Although is it based on older technology, it is proven and has never been hacked, and has had minimal downtime. It seems to be a promising platform, but what will the rest of the hosts have to say about it?
Yuan is up next with his pick of Whale, which is a return to a truly tangible asset-backed currency. Instead of using gold, it holds its value in digital art and rare collectibles, seeking to strike a balance between wealth preservation and growth speculation through a well-balanced “basket” of the rarest nonfungible tokens stored securely in its vault. Whale tokenholders can purchase exclusive NFTs, digital and physical swag, and vote in the Whale decentralized autonomous organization (DAO). To add to this, there will only ever be 10 million WHALE ever created. Will this platform give everyone an opportunity to be a whale?
In the third spot, we’ve got Finneseth with his pick of RLY, the native token of Rally — a social token protocol that allows creators to launch their own branded cryptocurrency without having any technical knowledge as well as interact with their communities. It is a great protocol for streamers, artists, musicians, gamers, athletes or even general content creators, allowing them to monetize their social…