6 New Cryptocurrency To Watch With Potential 2022
While you can use cryptocurrency to make purchases, most people treat it as a long-term investment.
This guide answers this and introduces you to the best cryptocurrency to watch. These don’t just promise to grow your investment exponentially in the next few months; they are sustainable and highly resilient investments that you can use to compound your gains for years to come.
Many of the cryptocurrencies in this list have the fundamentals to survive the current crisis and reward investors over time. But we have researched, analyzed hundreds of crypto assets, and eventually settled on what we consider the top 8 cryptos with the most potential in 2022.
Best Cryptocurrency with Potential in 2022:
2. Lucky Block
3. Defi Coin
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Battle Infinity is a brand-new and promising cryptocurrency to invest in 2022. It initially started focusing on fantasy sports, where players create teams and join battles with others to get top rankings in their leagues.
Players earn from a stake pool, so the source of revenue is quite transparent. As a result, users enjoy a completely safe and unrestricted immersive experience. Additionally, six separate items comprise the platform ecosystem for the Battle infinite game, which is effective, practical, and simple.
Battle Inifinity has a fixed BNB/USD exchange rate of $250, resulting in the ecosystem’s IBAT token being available for purchase for $0.0015. Given the value proposition Battle Infinity represents, early buyers, can reasonably expect 100x gains.
Battle Infinity will be released soon, so now is the perfect time to invest because it is at a pre-sale discounted price.
IBAT Premier League
This is the world’s first decentralized blockchain-based fantasy sports game in which you can build your strategic team, battle with others worldwide, and earn.
IBAT Battle Swap
Battle Swap is a decentralized exchange working as a bank on the Battle Infinity platform. In addition, it enables new users to buy IBAT tokens directly and convert their winning rewards to another currency.
IBAT Battle Market
All the assets and characters in the game are tokenized on ERC721 smart contract to NFT. Therefore, this tokenization of assets and characters makes it unique and puts value to it, which depends on the rarity of the assets.
IBAT Battle Games
Battle Games is a multiplayer game store where gamers can get access to various NFT games to play and earn. So, the players can buy and sell all their gaming assets and characters in the battle market and their winning NFTs.
IBAT Battle Arena
Players have their unique avatar, which they can upgrade from the battle market, from their clothes to hair. So, for example, if the players like to add any hat or sunglasses to their avatar or character, they will be able to buy them from the battle market.
IBAT Battle Stake
Battle Stake is a staking platform where you can battle against stakers to get higher APYs. There are three types of staking they are introducing:
- Solo staking
- Duo staking
- and Crates staking.
The Coinsniper platform revealed that Battle Infinity is (Know-Your-Customer) verified and has garnered over 193,900 votes. This defies the idea that the Battle Infinity team ends up taking investors’ money and disappearing over the night. Also, Battle Infinity’s smart contract has been audited for vulnerabilities by Solid proof.
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Battle Infinity vs. Axie Infinity
Battle Infinity might become more diverse in its gameplay offerings than Axie Infinity as it includes multiple P2E battle games.
There is also no barrier to entry which was one issue with Axie Infinity, where players had to buy Axies, NFTs used to play the game.
Other successful Indian crypto projects
India belongs to the most leading countries in the IT and software industry, so it is no surprise that it is well on its way to simply dominating the blockchain space.
In addition, India is known to be adopting blockchain technology much faster, which creates some of the most brilliant applications with the technology we’ve seen.
Besides Battle Infinity, there are a bunch of other successful Indian crypto coins such as Polygon, known as the Matic network, WazirX, CoinDCX, etc.
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The New NFT Token IBAT Is on Presale – Here Is How to Buy One
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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With Lucky Block, there is no need for 3rd party intermediaries resulting in faster payouts for those holding a winning virtual ticket.
Interestingly, Lucky Block has won the hearts of many crypto investors even though this token is still in its early stage. In other words, you have an opportunity to purchase the Lucky Block token at a way affordable and favorable price.
Compared to its pre-sale price of $0.00015, Lucky Block has grown by over 3,200%. Moreover, for its relatively low price, Lucky Block is one of the best cryptos to buy for under $1.
Traditional lotteries often kept a large percentage of collected ticket proceeds, and the funds were not distributed to winning players. As a result, players were getting a bad deal.
Conversely, Lucky Block brought more favorable odds to the players by allocating more collected proceeds to jackpot prizes.
There is a massive demand for LBlock, indicating that this coin can potentially be a crypto-to-go bringing a high ROI in 2022.
In addition, LBlock tokens are pretty cheap and affordable for any budget. For example, for an investment of just $1,000, you would get more than 4.5 million LBlock tokens. Learn more on where to buy Lucky Block.
Another crypto coin of great potential to consider adding to your investment list is DeFi Coin. DeFi stands for decentralized finance, a term given to financial services with no central authority.
Besides the investment in DeFi Coin, you can also swap or stake your coins using the DeFi Swap service. DeFi Swap is an exciting and relatively new decentralized exchange that offers staking, swapping, and yield farming services.
Although this coin has been around since May 2021, the token has just begun picking up steam after the DeFi Swap exchange’s launch.
When DeFi Swap went live, the price of DeFi Coin increased by 300%. Therefore, the token’s fortunes are tied to the popularity of DeFi Swap because investors can utilize the token to swap into other digital coins in a truly decentralized manner.
DeFi Coin also has a static rewards system that provides a regular income to DeFi Coin holders. Whenever someone purchases or sells the coin, a 10% tax is applied. Thus, half of the collected amount is returned to DeFi Coin holders as a reward, while the other half is sent to DeFi Swap’s liquidity pools.
DeFi Coin also plans to offer the holders to participate in the exchange of collectibles on the platform. So, users will be able to buy non-fungible tokens (NFT) that users can trade for DeFi Coin. However, you can choose to keep these NFTs if you own or trade them on DeFi Coin Swap.
Solana is currently one of the fastest-growing smart contract ecosystems. Even though it has been around for less than two years, Solana made its way to the list of top 10 cryptos during this time. In addition, it has grown its market cap to $78 Billion with an ROI of 18000%+.
Its blockchain network is also growing, which tells us that Solana is the altcoin you should watch and add to the list of next cryptocurrencies to explode in 2022.
Interestingly, if you had invested $100 in Solana when it launched in 2020, when it was trading at $0.78, you would have made over 410000% return.
Solana has made multiple partnerships with big brands. In addition, developer activity on its network is rising, making it a part of the best cryptocurrency with potential in 2022. In the future, we expect all these to increase demand for SOL tokens, which will fuel its sustained value gain.
The main reasons for buying Solana are the high speed and low fees as well as its level of scalability. In addition, Solana is also used for non-fungible tokens (NFTs).
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UniSwap is typically referred to as the DeFi King, the most famous and one of the biggest decentralized exchanges.
Namely, it was built on top of the Ethereum tokens and established its utility and governance UNI tokens in late 2020.
Today, it has an ROI of more than 1000% with its popularity and community of followers on a significant rise. Therefore, it can convince us that its token prices will sustain its current uptrend and make it stay on the list of top next cryptocurrencies to explode in 2022 among many investors.
Three factors make UniSwap one of the most promising crypto investments in 2022. First is the growing awareness among the investors and traders about the need for anonymity and privacy.
Secondly, UniSwap is constantly upgrading its systems to suit investor needs. For instance, it operates the UniSwap V3, its multi-chain (available on both Ethereum and Binance Smart Chain). In addition, it will soon roll out on Ethereum’s Optimus, a layer two scaling protocol hosted on the Ethereum network.
And thirdly, we expect more activity on UniSwap when Ethereum eventually rolls out the Ethereum 2.0 upgrade.
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Cardano is the largest smart contract platform and one of the fastest-growing blockchain technologies. But more importantly, Cardano is arguably one of the most secured blockchains, noticing that both the Cardano blockchain and integrated protocols are comprehensively researched and peer-reviewed. This level of security proves Cardano’s blockchain and confirms its sustainability, which is why we add it to the best long-term crypto investments list.
Cardano development team is aiming to make their blockchain more than sustainable. Therefore, they are looking to make it usable by integrating as many emerging technologies just like its competitors – Ethereum and Solana. It has already integrated smart contract technology, launched an algorithmic stablecoin, and is working on integrating DeFi, dApps, and Web3 technologies.
Cardano has become among the most active crypto assets in the crypto world over the past year. Moreover, the price of the all-time high ADA coincided with the launch of the hard-fork Alonzo in early September 2021.
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New Cryptocurrency with Potential- Verdict
Hopefully, this list helped you in making a decision on which cryptocurrency you should watch out for in 2022. Investing in crypto is riskier nowadays than it used to be, with over 20,000 cryptos you can choose from. That’s why you should invest in Battle Infinity, a new Axie infinity, a promising crypto with a bright future.
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Original Source: https://www.analyticsinsight.net/6-new-cryptocurrency-to-watch-with-potential-2022/
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.
PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
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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