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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The current cryptocurrency market has faced several challenges in 2022, with the market's volatility being a major concern for investors. However, 2022 has also seen an influx of retail investors joining markets and enjoying double/triple-digit returns. This happened besides the fact that the volatility surrounding Bitcoin and Ethereum was under pressure. For those who are still wondering which cryptocurrencies will give them 30x gains, we've presented a list of the top 7 Cryptocurrencies.
The following seven cryptocurrency projects have all proved to have the capabilities to explode in the long run.
We shall now look at these cryptos one by one in detail to identify why they are set for massive gains in the coming year.
IMPT.io is a relatively new cryptocurrency project that aims at achieving sustainability in a world that is grappling with atmospheric and climate change. Its IMPT ecosystem allows users to reduce their carbon footprint while taking advantage of exciting rewards. This relatively new project has already achieved partnerships with more than 10,000 global brands who have all decided to join its ecosystem. Each brand has the independence of deciding the percentage of its sales margin allocated to IMPT projects.
Carbon credits are also referred to as Carbon offsets in the IMPT.io ecosystem. As stated in IMPT's whitepaper, one carbon credit is equivalent to the allowance of one ton of carbon monoxide. These carbon credits can be obtained by businesses as well as individuals with the aim of compensating for the carbon emissions produced by industrial processes and other sources.
As carbon credits are expected to be in demand, The IMPT ecosystem hopes to deliver a credible, transparent, and environmentally friendly solution to the carbon offset problem. The project also offers users a chance of retiring their carbon credits. They can also earn points for their efforts on the IMPT.io score.
While initial total control rests on the founding team, the governance token holders will be able to exert their influence on decisions as the ecosystem grows. This gives them the ability to choose which projects and registries should be added to the ecosystem. The governance model of the IMPT project is aimed at becoming a home for anyone that values sustainability.
Tamadoge is a newly created meme coin with excellent token utilization. It sports features such as built-in NFTs and a metaverse by implementing a play-to-earn model. The idea behind the concept came from Tamagotchi, a Japan-based popular game from the 1990s. Like the original game, users are required to take care of their digital pets.
Pets are minted as babies and require feeding and training from the user. They are represented by unique NFTs which can also be sold. To conduct any transaction within the Tamaverse, users will be required to use TAMA tokens.
In its short lifespan, Tamadoge has had a lot of success, especially if we look at the $19 million raised in its presale. However, the number of interested parties just keeps on growing. Tamadoge announced its IEO listing on OKX, which was quickly followed by a listing on MEXC.
Avalanche is a smart contract platform that uses multiple chains for launching dApps. It is both a competitor as well as compatible with Ethereum. The platform experienced a 470% growth in its average daily transactions in 2021. Its native currency, AVX also grew more than 3,300%.
AVAX is the native utility token and serves as the ecosystem's medium of exchange. It is used as a currency within the Avalanche ecosystem, typically for incentives and fee collection in transactions. Users can also stake AVAX which can be a source of valuable passive income.
Avalanche is known for forming partnerships with big industry names. For instance, MasterCard and AvaLabs are collaborating for the Start Path Crypto program. Additionally, Deloitte is using the Avalanche platform to make improvements to its Close As You Go platform.
Qtum is a decentralized public blockchain that has introduced some innovative and new features – NFT support, advanced smart contract customization, and two new token standards. The project combines the flexibility of Ethereum's smart contract and the security of Bitcoin.
Qtum has introduced two new token standards – the QRC20 and QRC721 standards. The ecosystem also includes the Abstract Account Layer which decouples applications from the core mechanics of the blockchain. Qtum has a lot of plans ahead, which include the integration of NFTs. It has just announced the start of an NFT test program.
Stellar is a decentralized network that allows the creation of several types of cryptocurrencies. It also allows developers to deploy global payment apps, micropayment services, and asset exchanges. XLM is the native token of the blockchain and the anchor of all other currencies on this network.
Stellar Lumens is one of the most listed cryptocurrencies of its kind and is available across a number of major exchanges worldwide. This explains the phenomenon of Stellar's price shooting up every time it is added to a new exchange. All of this points toward an increase in credibility and liquidity for XLM.
Stellar can be considered a safer version of Ripple (XRP) and are similar in a lot of ways to it. Both of them facilitate cross-border payments. Like Ripple, Stellar has also formed some notable partnerships such as that with IBM.
Algorand is described as a "Pure" Proof-of-Stake blockchain platform. The main aim of the Algorand project was to solve the existing inefficiencies of the ledgers in blockchain networks. These include issues such as the high cost of transactions, waste of energy, and scalability limitations. It combines the governance model of decentralized projects with the features of a centralized platform.
Algorand is also known for implementing creative solutions to increase security on the network. At the core of this effort is its Byzantine consensus-based Pure Proof-of-Stake (PPOS). No majority can control the network and block generation is not limited to a small group of users. Each and every token holder can cast their votes, propose solutions and participate in the governing process.
Shiba Inu is the second-largest meme coin just behind Dogecoin. While it's primarily a meme token, Shiba Inu also has multiple applications in the digital payments sector. While SHIB is the primary token in the ecosystem, Shiba Inu also uses other tokens such as LEASH and BONE.
Shiba Inu was originally conceived as a project that would compete with Dogecoin. It uses a PoS consensus algorithm, which does not involve mining. It also allows staking, where users can hold coins and be compensated for that. This also provides stability, liquidity, and the power to validate transactions easily.
Shiba Inu has experienced one of the highest levels of adoption among meme coins. Multiple big names such as AMC Theatres, David SW, APMEX, Newegg, APMEX and Twitch accept Shiba Inu. It also has considerable hype around it, thanks to being labeled the "Dogecoin killer".
While there's no way to be 100% sure about how these cryptocurrencies will turn out in the future, the best analysts can do is to study their future prospects, current price performance, and other factors. Based on these findings, the above seven coins have the most chance of experiencing a surge in their value as we move into 2023.
