.png){kind=logo}
Polygon (MATIC) has been one of the few initiatives to amass the crypto-verse with its usability and spread throughout the charts. The Polygon Network is run via its ERC-20 token, MATIC. MATIC has recently displayed excellent price runs. The Polygon coin value battled a bumpy journey after reaching its highs in May. On 26th December 2021, after learning that the top Ethereum app, Uniswap, was released on Polygon, it got a new high of $2.88.
However, since then, the token's price has fallen more than 50% from its all-time high, falling to $1.3802 by 15th March 2022 due to global unrest and Russia's invasion of Ukraine. The cryptocurrency price dropped again between April and May 2022, from $1.6888 to $0.6015, 64.3%. This drop followed slight advances after March and the start of April 2022.
The unfavorable crypto market attitude that caused Bitcoin (BTC) to drop below $27,000 following the Terra Luna crash was a significant factor in MATIC's decline. Other cryptocurrencies that appeared to be dependent on Bitcoin for growth and popularity were also impacted by this crisis. However, some cryptos, such as the recently launched Impt.io and Tamadoge, weren't affected, making them the most fantastic choices for anyone trying to get out of the mess caused by this recent crash.
Since January 2022, MATIC, the native cryptocurrency of Polygon, has been having difficulties. From the record high it reached last year, and its value has decreased by more than 70%.
Recent news reports have revealed that Polygon has invested $20 million in Web 3.0 automation firm Space and Time. This move demonstrates Polygon's strong interest in Web3.0, and urgent announcements of partnerships and investments may raise the cost of MATIC to $1.0310, which may be at a very sluggish pump rate.
IMPT.io is a recently unveiled cryptocurrency project devoted to sustainability and environmental protection. Its main goal is to change the current climate for carbon credits using NFTs and blockchain technology. This advancement supports its efforts to establish a just and decentralized market for carbon credits. The project garnered more than $1 million in less than a week of its ongoing pre-sale campaign, which is now valued at over $4.8 million in just 2 weeks.
Impt.io was created to transform the carbon credit market. Such a focus on environmental protection has promoted projects of this kind, with Impt.io at the vanguard. As one of the first initiatives to convert carbon credits to tokens, Impt.io has a big possibility to grow over the future years. The accomplishment of Impt's pre-sale activity demonstrates investor confidence in the project's goal and how it will operate. The focus on environmental issues will also draw interest from the general public.
Tamadoge is an excellent example of the play-to-earn strategy in action. It is possible to breed, purchase, and trade unique doge pets on this metaverse gaming website. These unique NFTs are displayed as pet treasures. Their scarcity and the quality of the pets used in their breeding influence their worth.
Despite being a satirical currency, Tamadoge is anticipated to rise in value due to recent partnerships with several investors and businesses. Tamadoge was also traded on OKX, which immediately raised the token's worth for TAMA. The introduction of its NFTs on Thursday also stunned the cryptocurrency industry and was rated first on OpenSea. Obviously, with more new NFTs on the way, the value will skyrocket even higher.
Gala Games is a cryptocurrency game project that first gained popularity in 2021 with a price spike of more than 30,000%. The platform has already accepted 14 games that are now in development with the express purpose of creating entertaining blockchain-based games.
While GALA now uses the Binance Smart Chain ecosystems and Ethereum, it plans to switch to a different blockchain soon to boost gaming, one of its main strengths. The attractiveness of this endeavor stems from numerous prior collaborations. Examples include its partnership with the renowned non-blockchain gaming business Epic Games Store. GRIT, one of the first Web3 games to be released, will be made accessible on the Epic network if this deal is successful.
The Cosmos Hub blockchain's native token is called ATOM. Owning the coin gives its holders a voice in how they must run the project because it is a governance token. With a trading history dating back to 2017, ATOM, the top-25 crypto by market cap, has a strong reputation in this emerging industry. There are many different blockchains already in use, as one may infer from this list alone, making Cosmos' mission all the more pertinent.
Cosmos wants to make ledgers more approachable for developers while facilitating more fluid connectivity between various blockchain networks. With a market worth of $3.8 billion and a 12-month market range around $5.59 and $44.52, ATOM is holding steady around the $13 mark. Since it has become popular, more projects are beginning to use Cosmos.
Filecoin, the most diminutive name on this list by market cap, is the final best cryptocurrency to buy. Filecoin has a history dating back to 2017 and is no longer a fresh cryptocurrency. Filecoin, like Cosmos, is a little more speculative than the other projects listed here. Still, the aim of its unique project makes it worth paying attention to.
The decentralized structure of Filecoin makes it particularly well-suited for material someone would want to shield from censorship. Filecoin is a blockchain-based network to archive the world's most critical information. As Stanford's Starling Lab is now doing, the technology also makes data easy to obtain. It is a perfect tool to capture recent events like the world's devastating regions or the Russian-Ukrainian war in real time.
With the fourth quarter of 2022 bringing new interests as newer cryptos like Impt.io and Tamadoge are taking the bull by the horn, it seems their rise is unprecedented and one that Polygon (MATIC) can't compete with.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
