Most Promising Cryptocurrencies
Are you looking for the most promising cryptocurrency to invest in and maximise your profits? This comprehensive guide to the top ten most promising cryptocurrencies is a must-read. Also, read about best cryptocurrency to invest in crypto winter.
A team of experts has comprehensively researched and analysed the different crypto products to provide you with the most profitable and promising cryptocurrencies to invest in.
Digital or virtual currencies that guarantee security through cryptography and operate without being controlled by a central bank are known as cryptocurrencies. They use a blockchain, a distributed ledger, to record all transactions made with the cryptocurrency.
The most promising crypto include:
- Lido DAO
Few examples of what you can buy with cryptocurrency include:
- Online goods and services
- Food and drinks
- Real estate
Shorting crypto, also called “short selling,” is a tactic used in trading. It involves an investor borrowing a cryptocurrency asset from a broker, selling it on the market, and then purchasing it back at a lower price to profit from the price difference. Essentially, the investor is betting that the cost of the cryptocurrency will fall in the future.
Digital marketplaces known as cryptocurrency exchanges enable individuals to trade cryptocurrencies for other digital assets or currencies, like the US dollar or Euro. These exchanges provide a platform for buyers and sellers to exchange cryptocurrencies at a market-determined price.
Below you’ll find helpful information about each crypto option to allow you to make informed decisions and always stay ahead of the game in this fast-paced cryptocurrency world. Take advantage of this promising opportunity to secure your monetary future.
To help you get started on the right path, here are the top 10 most promising cryptocurrencies based on their technologies, products, and their potential to increase in value. Read on to discover more about each cryptocurrency. Also, we previously discussed what is the most undervalued crypto.
Avalanche Crypto (Layer 1, DeFI, Web 3.0)
Avalanche is a smart contract-empowered blockchain platform focusing on eco-friendliness, low costs, and high transaction speed. Basically, what this smart contract-empowered platform aims to provide is a highly scalable blockchain network that doesn’t sacrifice security and decentralisation.
Also known as layer 0 Proof-of-Stake (PoS) blockchain, the platform allows Layer 1 blockchain networks to be created on top of it in a modular manner.
Avalanche supports the creation of decentralized apps (DApps) in its system, but its ability to allow Layer 1 blockchains to run on its infrastructure is its unique capability. Blockchains that operate on Avalanche are highly scalable and entirely interoperable.
Several programmers have acknowledged Avalanche as a perfect network for creating Web 3.0 projects.
It supports subnets that offimmer Web 3.0 projects, such as games, with complete control of their customisable blockchain networks without sacrificing decentralisation and security. Web 3.0 products can scale their user base and set customisable rules for their own blockchain.
Avalanche is fully compatible with Ethereum apps, assets, and tooling. The smart contract capabilities are important in running decentralised finance (DeFI), apps, and non-fungible tokens referred to as NFTs.
When compared to Ethereum, Avalanche offers higher throughput and speedy transactions with lower fees.
Kadena (Web 3.0, Proof of Work)
Since its establishment in 2016, Cadena has constantly and progressively innovated and achieved significant milestones, making it the only and first Layer 1 blockchain that has managed to address scalability permanently while preserving the Proof-of-Work (PoW) decentralization and security.
As a result, it’s the only scalable Layer 1 Proof-of-Work (PoW) blockchain in the industry. The main feature that drives this cryptocurrency is scalability, which allows it to provide infrastructure-grade performance for all types of blockchain projects.
Along with its smart contract language pact, the platform offers the world the environment and tools to convert ambitions and ideas into reality.
Being smart contract-enabled means that the Kadena system is capable of hosting decentralised finance (DeFI) as well as non-fungible token (NFT) protocols. It also supports a range of other specialised projects, from payment processors to stablecoins.
Kadena recently established a £100 million grant program to boost the latest Web 3.0 developments of the platform. This program opened doors for increased utilisation of this Layer-1 protocol.
The program further expands the KadenaEco, a unique Web 3.0 network that aims to evolve through metaverse, decentralised finance, NFTs, blockchain gaming, and more.
Web 3.0 has revolutionised the whole internet scenario with blockchain technology iteration. This unique web form is decentralised, meaning it isn’t controlled by a central entity, providing developers with endless creativity boundaries.
ImmutableX (Gaming/NFT Platform)
Immutable was established to improve Ethereum’s scalability level for NFT projects, and as a result, it gained its popularity worldwide. Flourishing as a Layer 2 scaling NFT collections solution running on the Ethereum network, ImmutableX is a perfect match for NFT enthusiasts.
Users of this blockchain platform can enjoy a smooth experience of casting and trading digital collectables. The benefits of using this revolutionary interface are zero gas fees, processing approximately 9,000 transactions per second, and access to immediate games, trades, and apps without compromise.
Thanks to its tokenised uniqueness, ImmutableX is quickly finding all types of use cases in almost everything from collectables and decentralised gaming to the metaverse and art.
The ImmutableX NFT protocol offers a fast, scalable technique of creating, minting, and transacting NFTs to accommodate the increasing demand in the ever-growing and changing world of NFTs.
ImmutableX also brings digital ownership to the world through NFTs. Due to this, it’s an international leader in the world of gaming as it strives to provide each player with digital ownership by making it easy and safe to create great Web3 games.
ImmutableX allows Web3 game developers to build with unmatched scale, flexibility, and speed using the platform’s simple, end-to-end Web3 solutions. With an ImmutableX platform, developers can fuel their growth of games and captivate gamers like never before.
Lido DAO (DeFI Staking)
Lido DAO was established in 2020. It’s a liquid staking way out for Proof-of-Stake (PoS) cryptocurrencies. The blockchain platform supports post-Ethereum Merge consensus layer, initially Ethereum 2.0 staking, and other Layer 1 Proof-of-Stake blockchains such as Polkadot, Solana, Kusama, and Polygon.
By initially securing assets, the platform enables users to liquefy their respective holdings and utilise them for additional protocols, popularly referred to as liquid staking.
Via this yield- generating procedure, Lido DAO users can receive tokenised versions of their staked tokens on a one-on-one basis when depositing their cryptocurrency tokens into the system, which can be used to take part in other decentralised finance on-chain undertakings to gain extra yields.
Currently, Lido DAO boasts more than £13 billion in staked assets, thanks to its excellent reputation for its liquid staking abilities. When staking tokens on the Lido DAO blockchain platform, users enter into a staking smart contract pool that stakes the tokens on the relevant Proof-of-Stake blockchain system.
Also, users will receive a digitised variety of their deposited funds that can bring in rewards from the initial protocol and other decentralised finance protocols and DApps, such as yield and lending farming.
Fetch AI (Web 3, AI, NFT)
Fetch.ai is busy delivering artificial intelligence to the cryptocurrency sector. Also referred to as Autonomous Economic Agents, Digital Twins powered by AI can provide automation to decentralised networks that can serve a single user’s needs or combine millions of data points to offer efficient and timely information about the outer world.
Fetch.ai uses the Digital Twin system to provide its users with much-needed speed, flexibility, and cryptocurrency-economic security compared to existing centralised solutions.
This technology provides room for personalised digital assistants that help respond to users’ needs and requirements to enhance their blockchain network interactions’ efficiency, security, convenience, and privacy.
Fetch.ai offers a range of Web3 tools and services, which include a Cosmos-based wallet that users can activate as browser extensions allowing them to trade digital assets across the Cosmos network, including DAOs, DeFI, and NFTs.
The blockchain platform also provides an NFTs marketplace via its decentralised exchange platform, decentralised social network, and several artificial intelligence and machine learning tools.
SingularityNet was established to deliver beneficial, inclusive, democratic, and decentralised Artificial General Intelligence. An Artificial General Intelligence that doesn’t depend on any decentralized entity that’s open for everyone and not limited to the narrow objectives of a single individual, company, or even country.
As an AI-focused project aiming to leverage blockchain technology to build a decentralised artificial intelligence marketplace with long-term goals of open-sourcing AGI, the blockchain platform aims to deliver a commercial Launchpad for artificial intelligence-based decentralised applications, popularly known as DApps via increased and enhanced interoperability among networks.
The SingularityNET Foundation propels the growth of the SingularityNET ecosystem. SingularityNET Foundation facilitates AI-spin offs, building an ecosystem in gaming, biotech, robotics, entertainment, and DeFI in order to create utility for its token – AGIX.
Think of SingularityNET Foundation as a decentralised automation organisation, but with original stewardship from the team of the project. SingularityNET plans to shift toward a fully self-governed, decentralised autonomous organisation as the project grows.
Mina Protocol (Zero Knowledge Proof)
Mina is a Layer 1 protocol designed to provide an original blockchain promise, which includes security, scalability, and decentralisation.
The Mina protocol provides a solution to the decentralisation problem associated with popular cryptocurrencies like Ethereum and Bitcoin. Whenever a new participant joins, these crypto platforms must check each transaction to verify correctness, leading to a massive number of gigabytes of data.
Since most users cannot afford the computing power it takes to verify these massive chains, they’re forced to trust powerful intermediaries. That means most users cannot connect peer-to-peer, making decentralisation suffer and power dynamics to shift.
Mina provides a lasting solution that involves substituting the blockchain with a verifiable and consistent-sized crypto proof.
The Mina protocol massively reduces the data amount every user needs to download. With Mina, users don’t need to verify the whole chain from the start; instead, they fully verify the system and transactions using zk-SNARKs or zero-knowledge proofs.
The zk-SNARKs work by capturing the entire blockchain’s state as a lighter snapshot and then sending it around instead of the chain.
Vaiot combines blockchain and artificial intelligence to deliver a business-oriented Intelligence Virtual Assistants (IVA) portfolio serving both businesses and consumers as a fresh digital channel for trading products and services and completing transactions.
As a personal assistant, Vaiot is available on smartphones through a straightforward natural user interface.
The main functions of this blockchain platform include offering AI-based legal services like intelligently developing custom contracts of all types, including traditional written, digital, and printable contract versions. It also acts as an intelligent service supply channel for C2C and B2B transactions between users and VAI Tokens.
Vaiot provides its users with numerous benefits. By using artificial intelligence assistants and contracts, users and businesses can automate transactions and services, increasing efficiency while reducing costs.
Customers benefit from quicker and more secure transactions and improved consumer service. Also, the platform offers a transparent, secure, and immutable data storage and transactions environment. Additional benefits are new data gathering tools and efficiency and greater speed for businesses and daily operations.
Numerai is a blockchain-based platform that not only combines incentivisation with AI, data science, cryptography, and machine learning to forecast the stock markets and enable users to trade equities but also acts as a hedge fund. Numerai crypto has two main applications within its system, with each one of them supporting a different trading type.
Numeraire (NMR) is the utility token for the Numerai crypto, which acts as the primary payment option and is also used for staking on the results based on the market forecasts. Numeraire is used as an enticement to reward candidates in the Tournament application each week.
The Numeraire platform uses the Erasure protocol to make sure that all users are incentivised to stake their Numeraire. Users who stake Numeraire on the correct result based on the selected forecast model receive NMR tokens as rewards. And when they stake on the wrong result, the protocol destroys all of their staked NMR.
The platform itself functions as an artificial intelligence aggregator known as meta model and utilises algorithms trading. It incorporates all user submissions from users who can successfully upload their forecast models to the platform.
Numerai then functions as a hedge fund while trading equities depending on selected prediction models. While all trades are executed in the current stock market, all forecast models are accessible by all users via Numerai’s Tournament Apps and Signals.
Most Promising Cryptocurrencies – Arbitrum (Scaling, Web 3)
Arbitrum is a lower-cost Layer 2 solution that is excellent for building secure Ethereum decentralised applications. It supports smart contracts without sacrificing privacy and scalability. Users on the platform enjoy less congestion and lower transaction fees.
With Arbitrum, users can develop smart contracts by using codes to specify a virtual machine’s behaviour that implements the contract’s functionality.
Also, developers can use Arbitrum for drastic improvements in privacy and scalability. As a scaling solution, it’s used to confirm transactions on the Ethereum network. It achieves that by recording all Ethereum transactions and relaying them to the main chain at an advanced level. By doing so, it provides a lasting solution to the congestion issue on the main Ethereum platform.
In the battle of the Layer 2s, Arbitrum has taken a more proactive approach to foster the development of games in its system-spearheaded by the Treasure Decentralised Autonomous Organisation. Its Web3 game development capability has been brewing among GamFi and game development projects of the protocol.
We hope that you enjoyed our article on most promising cryptocurrencies!