5 crypto tokens that experts say should be on your radar – Crypto hunting amidst the carnage | The Economic Times
Crypto hunting amidst the carnage
The crypto market has lost its sheen for quite some time as the total market cap of the new-age asset class slipped below the $2-trillion mark. Amid Bitcoin’s 13th birthday celebration, the carnage in the crypto cart continued, thanks to the hawkish stance from the Federal Reserve, signaling for earlier than expected rate hikes.The major digital tokens are struggling for some action with a sharp fall in volumes the data showed. Despite the recent correction, investors are hunting for tokens that can reward them with hefty returns. To ease the cherry-picking, crypto experts have a few names on their cards for them:
The metaverse is the hottest trend in the blockchain space right now. Investors are enamoured with the prospects of decentralized, blockchain-based virtual worlds. Axie Infinity is currently the trendsetter in this space and could triple investors’ money in 2022, said Raj A Kapoor, Founder, India BlockChain Alliance.”They have developed a play-to-earn game on the Ethereum blockchain that’s been a big hit in recent months. Not just this, Axie Infinity deviates from traditional gaming in a major way by providing ownership. Axie also became a non-fungible token (NFT) and can be used in gameplay or be monetized in a marketplace.” he added.
It is the first token to introduce the concept of a variety of passive incomes via crypto tokens. SafePlus is a deflationary token created to reward holders. Holders earn not only from the token but also from its passive income.”Tokenomics was designed to discourage cryptocurrency traders (thus avoiding price drops and manipulations for the benefit of a few experts) and reward holders, those who want to have an automatic medium/long term income, in addition to the value of the token that can increase over,” Sharma of TP Global FX added.
It is also a metaverse play, domination and transition from a concept to something much more concrete. Virtual reality is a trend to watch for 2022. A decentralized virtual reality platform powered by Ethereum.”Decentraland allows users to buy virtual plots of land to create and monetize content as more users move through the online space. Decentraland is already seeing a surge in investor interest that is likely to continue as both people and companies try to carve out an early presence on the metaverse,” said Kapoor of India BlockChain Alliance.
It is a community-driven token on the Binance Smart Chain (BSC) and incorporates real-world enjoyments via NFTs, metaverse and Play2Earn Gaming. The Island Girl Token (IGIRL) owners are immediately compensated with even more IGIRL symbols on every purchase.”The task was meticulously and reasonably introduced, having its liquidity secured for 94 years and also its possession relinquished.The Island Girl Tokenomics are constructed with 2% rewards, 2% contributed to liquidity and also 6% to marketing,” said Nitish Sharma, Global CEO, TP Global FX.
After touching $55 in November, this crypto has come off more than 55 per cent, following the recent meltdown in cryptocurrencies. However, it has managed to stay within the top 10 crypto tokens in terms of the market cap.Raj A Kapoor said, “Unlike other cryptos, Polkadot is termed as a blockchain of blockchains as it can seamlessly connect other blockchain networks. With an estimated 300 plus projects being built on the Polkadot ecosystem, this crypto will be in the reckoning for long-making it a good solid buy for the year.”
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