WLTW

Willis Towers Watson Public Limited Company

231.56
USD
-1.19%
231.56
USD
-1.19%
197.63 271.87
52 weeks
52 weeks

Mkt Cap 28.85B

Shares Out 124.61M

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3 Under-the-Radar Altcoins I'm Bullish On

No moment is dull on the blockchain. With more than 18,000 cryptocurrencies around the globe, how do you know which crypto to invest in? Of these, about 40% are now considered either worthless or inactive. While the number of new cryptos on the market continues to grow, many don’t survive due to low trader interest and in some cases fraud. Bitcoin is the top crypto, with a market capitalization of about $600 billion as of this writing. Cryptos across the board have taken a beating the past week, with Bitcoin dropping below $30,000 for the first time since July 2021. It is down more than 50% from its peak price of $68,990.90 in November 2021. Altcoins, which are cryptos other than Bitcoin, have also taken a nosedive. Crypto markets have largely tracked the stock market, which has been trading in the red due to high inflation and economic uncertainty around the world. Even with the volatility in the markets, here are three altcoins I'm watching. 1. STEPN (GMT) STEPN (GMT) was founded less than a year ago, but it has become one of the most popular. STEPN is different from other cryptocurrencies in one big way. Users can earn this crypto by exercising. One of STEPN’s goal is to promote a healthy lifestyle through a new concept called “move-to-earn.” Move-to-earn apps allow users to make passive income by simply working out. STEPN's creators call it a “Web 3 lifestyle app with social-fi and game-fi elements.” STEPN encourages its users to socialize with one another while living a healthier lifestyle by gamifying movement and fitness. Users can monetize their daily exercise and earn rewards by walking, jogging, or running outside. Users have to purchase an NFT sneaker in the STEPN marketplace to start earning crypto. Anyone can download the app, but currently only 2,000 activation codes are issued per day. With a long waiting list and the popularity of the “move-to-earn” model, STEPN has great long-term value. 2. Trader Joe (JOE) JOE is the native token of Trader Joe, a decentralized exchange (DEX) using the Avalanche (AVAX) blockchain. JOE's creators hope to provide a one-stop shop decentralized finance (DeFi) experience for everyone. Decentralized exchanges allow for investors to trade anonymously and with no third-party intermediary, so transactions are non-custodial. This trading platform allows users to “Trade, Stake, Farm, Pool, and Lend.” Investors can earn rewards with their JOE tokens on the platform by yield farming. They can lend, borrow, or stake coins to earn interest as well as speculate from the price swings. Investors can also provide liquidity to earn reward tokens. Staking -- locking up your tokens to help support the blockchain network and confirm transactions -- is a common practice in crypto. Rewards compound continuously, so the longer you stake your tokens, the more you can earn. The DEX has grown rapidly, attracting over $4 billion in total value locked (TVL) since its launch in June 2021. 3. Lido (LDO) Lido is a liquid staking solution for Etherum (ETH). Lido lets its users stake tokens from many networks. Investors can stake their ETH -- without locking up their assets or having to maintain infrastructure -- while being able to earn tokens. Investors also earn a token called stETH on top of the staking rewards. stETH balances can be used like regular ETH to earn yields and lending rewards. Investors are able to receive their staking rewards in real-time. stETH is pegged 1:1 to their initial ETH stake and their yield can compound continuously across the DeFi platform. According to Lido's website, the platform’s total staking assets are over $9 billion and over $400 million total rewards have been paid out. With thousands of cryptocurrencies in the market, uncovering hidden gems can be time consuming. These three cryptocurrencies have the potential to reward investors. Like all cryptos, however, you should do your due diligence and only invest funds you are willing to lose. Earn a $50 bitcoin bonus Our updated list of the best cryptocurrency apps for 2022 is packed with best-in-class picks. The cryptocurrency apps that landed on our shortlist include perks such as $0 commissions, and one pick that is offering a $50 bitcoin bonus. Check out the list here and get started on your crypto journey, today. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has positions in and recommends Avalanche, Bitcoin, and Compound. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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