The wider crypto market has been through a very alarming period particularly in April 2022 month. The most popular cryptos such as Terra ($LUNA) have witnessed their prices fall across the charts and hit all-time lows. As governments around the world rally over rules on digital assets, continuous efforts are directed towards advancing those Central Bank Digital Currencies (CBDC) projects across different nations.
As we enter one of the tensest times during the history of cryptocurrency there is confusion among people over the long-term future of digital currencies. The market had similar challenges last year and finally was able to fight against the odds. However, somewhere in the middle of the chaos lies opportunities. If you’re looking to invest and “buy to dip’, here’s a list of the most profitable cryptos to invest in 2022. You can also read about Cryptocurrencies’ NFT games by visiting https://bltzr.gg/nft-games/.
Polygon ($MATIC) – Layer 2 Platform for Ethereum
Polygon is generally regarded as a Layer 2 platform due to the fact that it operates alongside the Ethereum network. It is well-known for its capability to cut down the cost of transactions and improve the speeds of transactions on the Ethereum blockchain. These are the key characteristics of Polygon which make it an integral element of the Web3 infrastructure.
Along with its most popular product that is it also offers the Matic POS (Proof-of-Stake), Polygon as the platform was designed to increase the size of Ethereum and to build Layer 2 infrastructure, such as Validium, zkRollups, Plasma as well as Optimistic Rollups.
In the previous year, Polygon acquired the Mir protocol for $400 million, ultimately improving Eth 2.0 options for scaling. It is a cryptocurrency called Polygon. ($MATIC) is a cryptocurrency that will stay at the heart of Web3 for the foreseeable future.
Sandbox ($SAND) – Metaverse and Gaming Platform
The Sandbox is a Metaverse platform for gamers to play, create and earn money from their work using Non-Fungible tokens or NFTs. Their utility token is $SAND.
Players can make use of NFTs as evidence of ownership of digital assets within the game. They can also trade these digital objects through NFT marketplaces and incorporate the items into their game. In addition, the Sandbox provides players with digital real space in their metaverse that can be purchased using the Sand tokens.
With Facebook being rebranded as Meta and we are all aware of it Metaverse could be the next version of the internet in which users can earn, play socialize, and connect. Recently, an unidentified buyer paid $450,000 for an area of virtual land adjacent to the digital home of the popular singer Snoop Dog in the Sandbox Metaverse. $SAND is one of the cryptocurrencies that you should be on the lookout for.
Filecoin ($FIL) – Distributed File Transfer and Storage
Filecoin ($FIL) is a cryptocurrency that is relatively new. It is possible to invest in this cryptocurrency to access the network of distributed storage for data that seeks to convert the data that is not used into a useful business asset.
Storage space can be bought by using the token $FIL through the store on the website of the project. The network is built in the InterPlanetary File System (IFPS) protocol. In addition to offering P2P storage sharing, it also acts as a layer for incentivizing participants within the network. Click here to read about What is an NFT Marketplace? And What Are The Latest Marketplaces?
Enjin ($ENJ) – Digital Assets Marketplace and Gaming Platform
It is the Enjin Coin ($ENJ) is another Metaverse cryptocurrency that is focused on gaming. The Enjin platform offers a variety of uses for the $ENJ token. It’s the all-in-one digital asset used for NFTs as well as in-game purchases. Enjin is aiming to be one of the biggest gaming communities online. An astounding 250,000 gaming communities, with more than 18 million gamers have already joined Enjin. Enjin platform.
The team that works at Enjin is specialized in NFTs. They suggested an exchange standard for tokens that gained acceptance as an official Ethereum token for NFTs that are specialized The ERC-1155.
As with The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to allow rapid integration of games.
The Graph ($GRT) – Indexing Protocol for Querying Blockchains
Many of us are not aware of the way that the internet functions without fully understanding the function of universal resource locators, also known as URLs. Without URLs, google’s Google Search Engine would not exist. URLs are used to index information on the internet.
The Graph seeks to establish an indexing system for decentralized applications in the world. It will make it easier to access the blockchain’s data in a more easily accessible way.
Developers can use the APIs open in the Graph that allows them to access data on the chain that was previously indexed by an operator network. The platform’s technology is known as the Subgraph. It is an open-source platform that allows developers to create applications that are decentralized (dApps).
Popular projects like Synthetix, Audius, and Uniswap are just a few of the Ethereum dApps created using Subgraph. The $GRT token is a fantastic crypto token to include in your portfolio.
Chainlink ($LINK) – Decentralized Oracle Network
The main goal for Chainlink is to resolve the issue of connecting smart contracts with real-world events in a secure way. Smart contracts are digital codes that implement a specific business logic that is triggered by diverse scenarios for use.
Smart contracts need real-world data to be fed to satisfy the conditions of a deal. These are ‘Oracles’ that connect blockchains to other systems (real-world data). They enable smart contracts to be run in accordance with inputs and outputs that originate through the blockchain.
Chainlink is an independent oracle network node operator. It offers a safer service than the previous oracle service providers.
Chainlink’s services Chainlink has proven to be among the most effective solutions within the blockchain ecosystem. Many crypto projects utilize Chainlink to connect with EVM-based networks. This means that the potential of $LINK, the native cryptocurrency, is enormous in the coming years.
Dent ($DENT) – Emerging Cryptocurrency Built On Ethereum
The Dent ($DENT) cryptocurrency was developed using the Ethereum network. Its goal is to be the world’s most efficient mobile-based data service. The project is an ecosystem that aims to build a mobile and smartphone user base.
Dent is mostly an exchange platform for data, without a governing body central to it. Customers can purchase mobile data and also transfer their information. The platform offers a Dent mobile application that users can download onto mobile phones. It is possible to purchase and send the mobile phone data of anyone across the world via this application. The market for addressable transactions is massive and therefore, the $DENT token has plenty of potentials to become an industry-leading token in the near future.
PancakeSwap ($CAKE) – Decentralized Exchange (DEX)
PancakeSwap is the largest DEX (DEX) that is based within the Binance Smart Chain (BSC). It is built upon the Automated Market Making (AMM) system. It is a fork that is a fork of Sushi Swap, a DEX that is built using Ethereum. Ethereum blockchain.
A fork is an application that shares its codebase with a different project, however with some variations that are created by adding additional features that are not part of the original. PancakeSwap is based on the Binance Smart Chain, which is quicker and cheaper for transactions compared to Ethereum.
BSC is developed through one of the biggest cryptocurrency exchanges Binance which operate using the Proof of Stake consensus. Just 21 validators can verify transactions here instead of thousands of nodes that are on Ethereum.
While $CAKE is not a recent cryptocurrency, it’s impossible to ignore the huge potential for growth of the cryptocurrency.
The market for crypto is in a range. One could claim that we are or are close to the conclusion of this period. A diverse portfolio containing the mentioned crypto-assets could provide investors with numerous upsides. Buying assets close to the cycle lows for investments in the mid-term can provide investors with an excellent chance to earn a risk-reward.
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