
We'll be recommending three notable cryptocurrencies that are worth buying before the end of the year. These crypto have been selected based on their underlying projects and perceived utility. They include Ethereum (ETH), Polygon (MATIC) and Cryptoons (CTOON).
Let's start with Ethereum.
Ethereum is an open-source programming language that can be used to build decentralization applications. Before Ethereum, there were no solutions designed to make the web decentralized. However, Vitalik Buterin introduced how Ethereum will power the next generation of web products.
To understand Ethereum, it is best to compare it with Bitcoin. We can describe Bitcoin as an email app and Ethereum as a web browser. So, Ethereum can power different websites and servers, including Bitcoin. In simpler terms, Bitcoin only provided a solution to payments. It focused on creating a digital currency and a technology that would remove mediators in payments. However, Ethereum is 100 steps further. Why? Its solution supports decentralized payments and every other thing that can be decentralized.
Ethereum enables builders to create smart contracts and decentralized applications. With Ethereum, developers have designed functional apps that solve finance, gaming, education issues, and many more.
We have also seen that Ethereum's native token has also grown tremendously over the years. So, it remains one of the best cryptocurrencies to buy
Even though Ethereum is the first to offer a broader range of decentralized solutions, it has been challenging. The network has not successfully tackled the blockchain trilemma. The blockchain trilemma means decentralization, scalability and security. Ethereum is decentralized and secure. However, it has struggled with scaling—especially as more protocols are being built on its ecosystem.
Polygon was created not to compete against Ethereum but to support it. It is a solution that comprises many chains working to help Ethereum process transactions. Polygon is an add-on layer.
No doubt, there are also other similar solutions like Polygon. However, Polygon has stood out with its easy onboarding. It has helped many Web2 brands build on its network.
With these brands coming to Polygon, we can't help but assume what the future holds for the solution.
The comic industry has grown tremendously over the years. More and more fans are constantly showcasing their love for comics, especially anime and manga. Manga is a Japanese comic book, while anime is a video version of a comic story. However, despite the vast growth of the industry, it has been sidelined in blockchain technology.
Cryptoons saw this gap and created unique solutions. These solutions will help onboard comic fans and creators to blockchain technology. It is offering The NFT Factory and the Comic Launchpad. The platforms will support comic creation, distribution and fund management.
The NFT factory is a decentralized marketplace and protocol that facilitates the trading of comic NFTs. Creators can convert their works to NFTs and list them for sale. They also get to track their sales and manage fans. Fans can also mint and resell NFTs and keep up with their favourite artist. Another exciting part of the NFT factory is that it allows people to borrow and lend their NFTs.
On the other hand, the Comic launchpad is a collaborative forum where everyone involved in creating comics and animations can collaborate. They get to work seamlessly and also track funds transparently.
As a unique platform, Cryptoons has a lot more in store. New users should get involved early. Who knows, it may become a highly sought-after decentralised marketplace. You can learn more about the platform here:
Website: https://www.cryptoons-token.com/
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.