We present a list of new cryptocurrencies to invest in that have the potential to grow for mainstream use in financial markets, as well as other sectors of the economy, including cloud computing and content delivery networks.
In our study, we will resist the urge to take an antagonistic attitude, where crypto’s gain is seen as the incumbents’ loss. We don’t think things will turn out that way. Many of today’s leading SaaS companies are likely to be among the first to implement blockchain technology in some form.
Lucky Block (LBLOCK)
Lucky Block is a new lottery platform that intends to transform the $330 billion worldwide lottery industry by addressing issues such as lack of transparency and trust in present lottery products, among other things. Lucky Block intends to succeed by breaking the grip of centralized lottery operators by leveraging the potential of ‘Web 3.0’ decentralized networks.
Players will be able to vote on where charity donations go via Lucky Block, and all transactions will be accessible on the public blockchain.
Furthermore, the cost reductions derived from conducting lottery draws on a blockchain serve as the foundation for higher odds for ticket purchasers. The advantages don’t stop there.
Token holders receive ten percent of every jackpot.
Then there’s the 12 percent transaction fee on sales of the platform’s native token, LBLOCK, which encourages long-term investment rather than the merely speculative trading that has dominated crypto so far.
Uniswap (UNI)
Uniswap is the Defi king: a decentralized exchange (DEX) built on Ethereum that directly connects buyers and sellers of various digital assets.
One of the ideal times to invest in a cryptocurrency is when it is improving its usefulness and acceptance rate.
The debut of Optimism, which was in development for two years, is Uniswap’s most recent significant change. Scalability, near-instant, and low-cost transactions, and the ability to pay gas fees in any token are just a few of the advantages.
Optimism is now in Alpha, meaning it is still being tested and will take some time to reach the rest of the world. It will eventually be included in Uniswap, making this an excellent opportunity to invest.
In Uniswap land, not everything is perfect.
Because of how voting works, there have been a number of controversies around Uniswap’s governance.
In other words, the more UNI tokens you own, the greater your voting power.
Cardano (ADA)
Cardano is a third-generation cryptocurrency that intends to address Bitcoin’s scaling concerns as well as Ethereum’s smart contract deployment principles.
The amount of smart contracts based on Cardano has exploded since the Cardano network was updated in September 2021, which could help Cardano compete with Ethereum.
Traders have been buying ADA in preparation for 2022, which could be the year we’ve been waiting for. Cardano introduced other functionalities, like token creation and smart contracts.
Furthermore, Cardano had its best year ever in 2021, increasing over 720 percent at the start of the year and briefly overtaking Bitcoin as the third-largest cryptocurrency by market size.
Cardano’s smart contracts have the potential to make or break the cryptocurrency. It’s always possible that Cardano is just bark and that it didn’t work anywhere as well as advertised. Many other cryptos make similar statements about what they are theoretically capable of doing.
We won’t know until smart contracts are available.
Cardano appears to be a promising investment opportunity. However, it is difficult to predict if the good times will continue throughout the year.
Sandbox(SAND)
The Sandbox platform is an ecosystem where players may create, own, and monetize their activities using non-fungible tokens (NFTs) and $SAND, the platform’s utility token. In fact, NFTs are digital certificates of ownership.
NFTs let players assign verifiable ownership to their digital assets, which they may then use to incorporate into games and trade on markets. The Sandbox includes tools for player participation, such as the Game Maker.
In addition, The Sandbox virtual environment – or metaverse – is made up of digital real estate lots purchased using LAND tokens, where people can engage and become digital property developers.
Companies like Meta, the parent company of Facebook, are banking big on the metaverse as the next version of the internet, where people will work, play, socialize, and shop, and where money will be earned.
Unknown buyer paid $450,000 for a virtual plot of land near rapper and businessman Snoop Dogg’s Sandbox’residence.’
Filecoin(FIL)
Filecoin is a relatively new cryptocurrency to invest in if you want to gain exposure to a distributed data storage network that aims to turn unused data storage into an economic resource by allowing people with the surplus capacity to sell it to those who need more.
The exchange takes place in a marketplace that is automated and algorithmically driven.
In addition to peer-to-peer storage sharing, the network is constructed on top of the InterPlanetary File System (IPFS), which serves as both a layer to incentivize membership in the network and a layer to offer security.
Enjin(ENJ)
Enjin Coin is another crypto-based game-focused metaverse product, this time aiming to make it’s token the go-to digital currency for in-game items. Enjin’s goal is to become the “biggest gaming community platform online,” and it now has 250,000 gaming communities and 18.7 million gamers on board.
The Enjin team is a leader in the field of NFTs, with their ERC-1155 token being approved as an Ethereum token standard for specialized NFTs.
Enjin, like The Sandbox, gives software development kits (SDKs) to developers in order to speed up the implementation of game integrations.
Decentralend (MANA)
Decentraland is a cryptocurrency that is similar to The Sandbox in terms of its virtual world feature and is a good investment. LAND tokens are also available, which may be acquired with the Ethereum blockchain’s ERC-20-compatible MANA token.
Digital real estate is once again assigned ownership using NFTs. And, exactly like in real life, the most valuable LAND is located in the busiest areas.
Tokens.com, an NFT-focused corporation, spent roughly $2.5 million on LAND in the virtual world, indicating the metaverse’s growing popularity and commercial prospects.
The metaverse’s first mortgage was taken out towards the end of January. TerraZero, a vertically integrated metaverse corporation, gave finance to one of its clients on January 29th in order for them to purchase Decentraland real estate.
Conclusion
At the moment, the crypto market is range-bound, with altcoins following bitcoin’s lead. With bitcoin trading near $38,000, there is significant speculation about whether a breakout to the upside will likely be aided by global geopolitical concerns in the first quarter of 2022.
The exact timing of any such breakout is still up in the air. Despite this, we believe the market is nearing or at the bottom of the current cycle. As a result, a diversified portfolio of crypto assets based on the coins mentioned above should give plenty of upside for investors.
If you are further interested in any tokens, feel free to buy some with one of the most trusted crypto exchanges for sale.