As the market cap of this new-age asset class dropped below $2 trillion a while ago, the crypto market has lost its luster. Due to the Federal Reserve’s hawkish stance, the crypto market continued to drop during Bitcoin’s 13th birthday celebrations. In spite of the recent correction, investors are seeking tokens that will reward them with hefty returns. Digital tokens are struggling for some action with a fall in volumes, according to the data. Here are a few names that crypto experts have on their cards to ease the cherry-picking:
Axie Infinity (AXS)
A decentralized, blockchain-based virtual world is the hottest trend in the blockchain space right now. Investors are enthralled by its prospects. Founder of India BlockChain Alliance Raj A Kapoor said Axie Infinity is currently a trendsetter in the industry and could triple investors’ money by 2022.
The company has developed a play-to-earn game for Ethereum, one of the biggest hits in recent months. Not only that, but they also differentiate themselves from traditional gaming by giving ownership to the player. He added, “Axie is also a non-fungible token (NFT) that can be used for gameplay or monetized in a marketplace.”
SafePlus (SPLUS)
SafePlus is the first crypto token to introduce the concept of passive income. “It is a deflationary token created to reward holders. Holders earn both from the token itself and the passive income it provides. In addition to the value of the token, Tokenomics was designed to discourage cryptocurrency traders and reward holders for wanting an automatic medium/long-term income.” Sharma of TP Global FX explained.
Decentraland (MANA)
The platform provides a decentralized virtual reality platform powered by Ethereum, which is a metaverse play, dominance and transition from theory to concrete reality. Virtual reality is a trend to watch for 2022. Decentraland allows users to purchase virtual plots of land on which they can create and monetize content.
Investor interest in Decentraland has already surged, and that is likely to continue as both individuals and companies aim to build a presence in the metaverse as early as possible, according to Kapoor of India Blockchain Alliance.
Island Girl (IGIRL)
The Island Girl Token (IGIRL) is a community-driven token based on the Binance Smart Chain (BSC) that incorporates real-world enjoyments with NFTs, metaverse and Play2Earn Gaming. Buyers of IGIRL are immediately rewarded with more tokens whenever they make a purchase. Its liquidity was secured for 94 years as well its possession was relinquished meticulously and reasonably. Tokenomics on Island Girl are designed with 2% rewards, 2% for liquidity, as well as 6% for marketing, as per Nitish Sharma, Global CEO, TP Global FX.
Polkadot (DOT)
In the wake of the recent meltdown in cryptocurrencies, this crypto has fallen more than 55 percent since touching $55 in November. Despite this, it continues to rank among the top 10 cryptos in terms of market capitalization. Polkadot, according to Raj A Kapoor, is referred to as a blockchain of blockchains, because it connects other blockchain networks seamlessly. Polkadot has an estimated 300 projects being built on its ecosystem, making it a good buy for the year as it will be around for long.
