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6 Best Altcoin Projects to Watch and Invest in 2022
With the current number of altcoins in the market, it is expected to ask which are the best altcoin projects to watch and invest in
2022. The decision of which of those to invest in is undoubtedly tough, especially if each currency and project has excellent features and seems stable and valuable. However, you should consider many details when choosing the best option for investing, so do not hurry in making a final verdict.
Which are the best altcoin projects to watch and invest in 2022
Looking for the best altcoin projects, we have considered many features and details. Some of them are obvious, like the current price and fluctuations in price in the past months. On the other hand, you should look for the stability that cryptocurrency could get only after the smartly developed systems and models bring the best price and value over time. Having that in mind, we have made a list where some currencies are still young but promise stability and safety over time.
2. Lucky Block
3. DeFi Coin
4. Polygon
5. Ethereum
6. My Freedom Coin
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Best altcoin projects to watch in 2022
When choosing the best altcoin project to invest in, you should be very careful. While some are obviously safe and stable, the others are riskier but have great prices and opportunities. The final decision is yours, but you should listen to professionals in this field. When looking for the best projects, start with new platforms and currencies with interesting stories.
Battle Infinity
Battle Infinity is a gaming platform created from multiple P2E (Play-to-earn) battle games. The reason why it is one of the best altcoin projects to watch and invest in 2022 is combining gaming, DeFi, and NFTs, in a special ecosystem with options for everyone. Games are integrated with their Metaverse world, the IBAT Battle Arena. You do not need to play the game, either. The game allows experiencing the immersive world of Metaverse, so players can interact with each other, perform, watch, and explore virtual space in this game. Thanks to these combinations, the game offers unlimited options for investors.
Basically, the game is a classic battle game, with the IBAT Premier League as the front and center. Users are allowed to play with other players through Battle Infinity’s built-in marketplace and take benefits from a decentralized and transparent process. However, the game offers a dedicated NFT marketplace where you can mint and sell your own digital artwork and earn and upgrade your own avatar in-game. The game allows purchasing photos of the virtual landscape and making passive income by advertising. Battle Infinity’s Telegram group members could have 20% of the total $IBAT supply, taking advantage of upcoming presales and earning money differently.
How to buy Battle Infinity (IBAT) in pre-sale?
The process is slightly different from buying other cryptocurrencies. Finally, the pre-sale is handled directly by the publisher, on the pre-sale platform specially created for this purpose. Experience has shown that with the following steps you have IBAT tokens in your wallet in less than 10 minutes.
1. Open the Battle Infinity pre-sale website
First, the crypto investors visit the Battle Infinity pre-sale page. Here the crucial windows open immediately.
2. Buy Binance Coin
The IBAT Coin is designed as a BEP-20 token and runs on the Binance Smart Chain. This means that one must own Binance Coin in order to buy IBAT. If you have this in your wallet, you can proceed directly. On the other hand, one should first buy BNB – for example via the online broker eToro, which does not charge any commission and allows a crypto purchase in less than 10 minutes.
3. Connect wallet to Battle Infinity
The next step is to connect the wallet to Battle Infinity. This is possible with the Metamask Wallet or the Walletconnect function. It is important that the corresponding wallets have been switched to the Binance Smart Chain.
4. Select the desired amount of IBAT and complete the purchase
Now select the desired amount of IBAT. You can see directly how many Binance Coins are required. For example, if you want 250,000 IBAT tokens, you have to invest around 1.5 BNB. One last click on “Buy IBAT” and the purchase is complete.
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Lucky Block
According to experts, Lucky Block is one of the best altcoin projects to invest in 2022. It is a special ecosystem focused on fair and transparent play-to-earn games. This special type of lottery system is built on top of the blockchain protocol. It should promise a number-drawing process that guarantees fairness and randomness via smart contracts. You can be sure that this game cannot be predefined or manipulated, externally or internally. The game is globalized, so players are not restricted to playing whenever they live.
One of the reasons it is good to consider this currency as the best altcoin project to watch is that it is a new concept offered globally, so the model could be widely popular soon. All could increase the price of the tokens and indirectly increase the price. Although the currency was launched in January 2022, the price jumped to $0.00015 per token, trading at over $0.005 per token. It is a growth of over 3,200%. Now, you can have an opportunity to buy this token at a major discount, and the market is currently going through a correction. Read more about it in this Lucky Block review.
DeFi Coin
Another best altcoin project to watch and invest in 2022 is surely DeFi Coin, for many reasons. Ti is a native token of DeFi Swap, a new decentralized exchange that offers stake, swapping, and yield farming services. Launched in May 2021, the token has grown to the highest levels, increasing the price by 300% on an intraday basis. The price is naturally tied to the popularity of DeFi Swap, meaning that investors can use tokens to swap into other coins in a decentralized manner.
Whenever someone buys or sells DEFC, a 10% tax is paid to the right position. Half of it is given back to the holders as a reward, while the other half is placed into DeFi Swap’s liquidity pools. DeFi sector had a total value locked of around $200 billion during the first quarter of the year, and the coin already has over 6,000 members creating a stable and safe community.
Polygon
Polygon is a layer-2 network that supports the Ethereum blockchain to unlock the Level-1 Ethereum platform at high speed and low cost. A lot of reasons support the opinion that Polygon is one of the best altcoin projects to consider in 2022. The network native currency is MATIC which you can use for staking, paying fees, and governance. One of the best metaverse NFT games, The Sandbox, moved from Ethereum chain to Polygon chain, which caused the rising of MATIC. Thanks to the special design, the project identifies real humans and creates digital ID cards called Polygon ID, which privatize and secure the process.
There are several reasons why Polygon is among the best altcoin projects to watch. Developers who want to use the Ethereum blockchain and get the benefits of multi-chain support describe Polygon as its best option. It is currently a great model for accumulating coins, and the best strategy to invest in Polygon is to buy the dip even whenever the index is in the extreme fear stage. The market cap is below $17 billion, while the price is less than $2.5 in January 2022. It could be a good reason to invest in Polygon.
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Ethereum
There are a lot of arguments why Ethereum is one of the best altcoin projects to watch and invest in 2022. The major reason is that these tokens have amazingly massive potential. Being currently the largest smart contract platform, it is also home to the best selection of DeFi, dApps, Metaverse, and Web3 projects. Thanks to the huge use and purchasing of ETH tokens, the price has pushed up to more than 1.6 million percent in late 2021. Experts predict a continuation of this success and the building larger Ethereum network in the future. Upgraded Ethereum 2.0 should improve the network’s efficiency and cap the minting of new ETH tokens, along with limiting its supply amidst growing demand. A recovering market should help bring the ETH back with unbelievable prices.
Optimistic analysts expect that price of Ethereum will be higher than Bitcoin by 2030. The currency has the potential to break above $10000 by the turn of the decade. Knowing that ETH already has a larger ecosystem than Bitcoin and higher prices than new currencies, we can say that breaking above $10000 is quite possible.
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My Freedom Coin
It is hard to say which of the currencies are the best altcoin projects to watch and invest in 2022, but My Freedom Coin should be on that list for many reasons. The currency is a great opportunity to minimize the potential for negative volatility but is still good enough for expected earnings. The project behind the MFC is a DeFi, with a unique economic system. Thanks to that, the model is a revolution in finance, and it has mechanisms to play that make cryptocurrency protected from crash. It is the first that type of model in the cryptocurrency market. The currency is built on Smart Chain, representing a currency, wallet, exchange platform, and a bank at the same time.
The token is a fixed supply of 7 billion tokens, already released through a series and offerings. All tokens purchased are stored in a smart contract for the BUSD Treasury. Thanks to that, all the funds are held in a smart contract, so transactions are transparent, and you can see and control them on the blockchain. The funds inside the treasury give MFC a price floor and make it protected from the crash. Once the floor price reaches the price you paid for the coin, the investment becomes risk-free since the floor price is the lowest price of the coin and could only increase over time. All above should establish the price and secure the currency’s value even in the cryptocurrency’s hardest times.
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Conclusion
The list of the best altcoin projects to invest in 2022 never ends, but we have listed the safest and most attractive for new investors. The most attractive should be new stars, projects, and currencies still waiting for release or reaching the highest prices. They are interesting, still young and fresh, have low prices, with opportunities to grow in a short time. Now is time to invest in them, looking for the smartest, easiest and safest model for investing. If you want to invest without risk or at very low risk, you should consider our list of the best altcoin projects to watch and invest in 2022.
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Original Source: https://www.analyticsinsight.net/6-best-altcoin-projects-to-watch-and-invest-in-2022/…
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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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