With a sharp correction in Bitcoin and the cryptocurrency universe, there seems to be a sense of panic among investors.
However, the best time to buy quality coins/tokens is when fear is the dominant factor.
One token that looks attractive is iBuffer Finance (IBFR).
In the last 7-days, IBFR token has outperformed Bitcoin and many other altcoins.
At a market capitalization of around $2 million, the token seems positioned for multi-fold returns with a 6-12 month investment horizon.
Recently, Goldman Sachs opined that options trading might be the next big thing for institutional adoption of cryptocurrencies.
Buffer is a gamified options trading platform. Investors can buy and sell options on several assets against the liquidity pool.
Currently, the prediction game and options trading is enabled for cryptocurrencies, commodities, stocks and currencies.
Additionally, iBuffer is likely to go cross-chain in the foreseeable future. This is likely to be a big catalyst for the token upside.
It's worth noting that iBuffer finance also offers revenue sharing with investors. Token holders can stake IBFR and get rewarded in BINANCE Coin (BNB).
Among other new features, iBuffer also plans to launch options/prediction NFT.
Overall, the project has ambitious plans and with options trading gaining traction, the outlook is bullish.
Further, with cross-chain, there is likely to be bigger visibility coupled with increase in options trading activity.
These factors make me bullish on the token, which current has a circulating supply of around 10 million.
The token release schedule is tight with 20 to 22 million tokens likely to be in circulation by the end of 2022.
As the token demand gains traction, the price surge can be significant.
