There seems to be some recovery in the cryptocurrency space after a rough start to 2022.
I believe that the decline in Bitcoin dominance is likely to be one of the key highlights of the year. Quality altcoins will perform and the recent correction is a good opportunity to accumulate strong utility tokens.
Bogged Finance is one project that I am bullish.
Currently, BOG token trades at $1.2. I would not be surprised if the token delivers 10x returns from current levels.
Let's talk about the positives.
As an overview, Bogged Finance is a DEX Aggregator.
The project provides investors with tools that include charting, in-depth coin analysis (holders, trust score), limit orders in DEX.
What is exciting about Bogged Finance is aggressive expansion.
Currently, the projects DeFi trading suite is available across 10 chains and 53 DEXes.
As of December 2021, the project reported $250 million in monthly transaction volume. With most of the chains going live towards the end of December, it's likely that transaction volumes will gain significant traction in the coming months.
Another exciting feature that's on the cards is BogBridge. This will allow users to swap their assets between chains.
Bogged Finance also has an AMA with founders on January 16, 2022. It's likely that the new road-map for the year will be discussed along with other growth plans.
From the perspective of tokens, BOG has a limited supply of 15 million. There is a 1% burn with each transaction and the current circulating supply is around 14.1 million.
With limited tokens and growing visibility, it's only a matter of time that the token will surge.
I believe that current levels are attractive for exposure with a 6-12 month investment horizon.
