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Financial Engineer, Hedonova, an AIF firm
Currently, the crypto market seems very weak, Bitcoin and Ethereum are down to more than 50%! But according to popular predictions, it will rise back to where it used to be and this might be a good time to put your money into it. The price of cryptocurrencies depends upon the demand and supply. Despite not having valid intrinsic values, the future of crypto seems brighter. While no one knows for sure, the rise can be expected by looking at the previous trends of crypto and realising that it is still a very raw market. Here are a few crypto tokens that the crypto investors are bullish about, keeping in mind the volatility of the market.
Web 3.0 Cryptocurrency
Web 3.0 tokens are multi utility tokens which can be used inside a metaverse. For example the metaverse decentraland has its own token MANA which can be used to buy and sell thing inside the metaverse. Tamadoge or TAMA is gaining more and more popularity in 2022, which can be a good investment according to crypto enthusiasts.
Lucky Block (LBLOCK)
Lucky Block is another new cryptocurrency that launched its much anticipated first prize draw and NFT prize draw in late May. Lucky Block is a new crypto games platform that has entered the market with an aim to revolutionise the $330 billion global industry around prize draws, giveaways and play-to-earn games by solving, among other things, the lack of transparency and trust in current jackpot products.
Avalanche (AVAX) – Viable Blockchain Alternative to Ethereum
Avalanche is a blockchain network that takes a unique approach to scalability, allowing it to rival the current top players within the crypto space. Avalanche uses three separate chains instead of using one blockchain . Each chain is used for a specific task, allowing Avalanche to handle up to 50,000 transactions per second (TPS). It can be the next big player like ethereum and can make you good money in the future.
Sandbox (SAND)
The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities with the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect a digital certificate of ownership. This along with the other multi utility tokens can be the next big players and can come close to Bitcoin very soon. Players can use their SAND tokens to customise their experience in the games. Big companies like Meta and Amazon are also betting on the whole web 3.0 and metaverse game and this can be a good opportunity for you to invest now and earn more money later.
Crypto Snacks
Crypto Snacks is the best iGaming token to invest in 2022 due to their high-profile partnerships with big companies in the market. It is the world’s fastest-growing iGaming Token and is positioned to become the leading token in the online casino and gaming sectors. The gaming sector is going to be revolutionised with such innovative platforms, and this can be your chance to grow your money with these industries.
Cryptocurrency did face a massive crash at the beginning of the year and people have pulled their money out of the industry. But this does not mean that it will never rise up again. With web 3.0 and metaverse entering the market, cryptocurrencies can be huge drivers of this ecosystem and gain their value back. Although this market is highly volatile and fluctuating, the hopes of crypto enthusiasts never fall down and the time is not far away when we will see the market at its peak again.
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Views expressed above are the author’s own.
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