
The crypto industry is an extremely competitive place, made even more so by the recent mainstream attention the sector is getting. 2021 was an excellent year for cryptocurrency and other related parties such as blockchain technology, Decentralised Finance (De-Fi), NFTs, and others. The interest in the crypto industry has led to the arrival of more and more crypto projects looking to capitalise on this.
Crypto projects are notorious for calling themselves the best in the market and brand themselves as such to attract the attention of potential investors. More and more of these projects are popping up in 2022, but investors shouldn't be too quick to make a judgment. Here we will look in detail at three very exciting coins – Cardano (ADA), Near Protocol (NEAR), and Mehracki Token (MKI). These three tokens are poised to dominate the market in 2022. Here's why.
Despite the recent mainstream attention on cryptocurrency, several factors such as scalability, energy consumption, and ability to interact with fiat currency keep the industry from achieving mainstream adoption. For crypto to go mainstream and completely replace traditional finance systems and fiat currency, a solution to these problems must be provided. Enter Cardano (ADA)
Cardano (ADA) is a third-generation public blockchain and smart contract network that uses peer-reviewed research to solve the limitations of older blockchain platforms. It is an open platform that provides economic identity to those who lack it by providing decentralised applications (dApps) to manage identity, value and governance.
Cardano (ADA) uses a Proof of Stake (PoS) consensus mechanism, which consumes less power than the Proof of Work (PoW) to verify transactions. A staking-based consensus mechanism makes blockchain platforms more secure while significantly reducing power consumption and the much-discussed carbon footprint.
Central to the operation of Cardano is its native token, ADA, which is a top 10 cryptocurrency by market cap. Its uses include payment for transactions on Cardano. The token is available for trade and other financial operations on crypto exchanges.
Blockchain platforms that can run smart contracts have become commonplace since the arrival of Ethereum (ETH). Such platforms are now in high demand due to the rapidly growing interest in decentralised applications (dApps). Current smart contract platforms, however, face a scalability problem that needs urgent attention. Near Protocol (NEAR) is the solution to this problem.
Near Protocol (NEAR) is a decentralised smart contract platform designed to host the next generation of dApps by providing an ideal environment that overcomes the limitations of older systems, such as low throughput, dire speeds, and poor cross-compatibility.
The platform is incredibly fast and can process 100,000 transactions per second (tps), and can achieve transaction finality in a near-instant. Its native token, NEAR, is used for incentivizing nodes on the Near Protocol network and for powering transactions and the network's smart contracts.
I'm sure it's no news to you that meme coins have an obscure reputation within the crypto industry. This is mainly because the token has no use cases and real-life applications. Meme tokens instead base themselves on popular Internet memes, their value fluctuating with market interest. Many investors consider the token too volatile and not without large risk. These drawbacks are keeping meme tokens from mainstream adoption, and until a solution is provided, meme tokens will continue to exist in the shadow of their real-life application cousins such as Bitcoin (BTC) and Ethereum (ETH).
Mehracki Token (MKI) seeks to totally transform the image of meme tokens within the industry by providing real-life applications for the token. The project will provide an enticing framework while also retaining fundamental meme elements much loved by core fans. In this manner, Mehracki Token (MKI) aims to be a frontrunner for the revolution of the eme coin sector.
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Website: mehracki.io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.