The recent flash crash in the cryptocurrency market led to the recovery of many projects, but some have yet to regain their previous levels. This article examines three high-quality projects that are available at a discount post flash crash.
ASA $FET
Recovery from the flash crash of a couple of weeks ago has been uneven. The first project on our list is ASA, trading under the symbol $FET. This is the merger of three projects: Fetch, Singularity, and Ocean Protocols. At the time of the merger, the token was priced at $1.26, and it is currently around 85 cents, a 35% drop from the merger price. The project is also down 24% since the flash crash and has not recovered its previous levels like many other projects. Project mergers in crypto are rare, which increases the risk of investing in $FET. However, recent price declines mean that the downside risk is lower due to the inherent value in the project. The likelihood of the project dropping to zero is very low, and growth prospects remain the same.
The Graph $GRT
Next on our list is The Graph, which has been in our Master Portfolio for a few years now. Over the last 12 months, the project has increased by 33%, but the last 30 days and the time since the flash crash have been unkind, with a 37% and 23% drop respectively. The Graph is a leader in infrastructure for blockchain explorers and other tools for querying blockchain data, with its products used by the biggest ecosystems. The current token price is at the level it was in late October or November last year, making it a great deal. The Graph is one of the best projects in the industry, essential for both users and developers.
Mantra $OM
The last project on our list is Mantra, aiming to be the first fully compliant Layer 1 chain. The project’s goal is to create a platform for tokenizing assets from any registered and compliant business. Applications built on Mantra will require KYC or KYB programs for compliance, but the platform itself will remain permissionless. An example of Mantra's use is the commercial aircraft leasing market. Over the last 12 months, the token price of Mantra increased by 4000%, and in the last 3 months by 20%, despite a 36% drop in the last 30 days, including the flash crash period. The platform actively collaborates with the tokenization leader, Ondo. Mantra positions itself as the best option for traditional finance to come in and tokenize assets of their choice for their clients and other investors.
The flash crash in the cryptocurrency market has opened opportunities to acquire high-quality projects at discounted prices. ASA, The Graph, and Mantra are examples of such projects that retain significant growth potential despite recent declines.
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