This article explores top eight
cryptocurrencies that are ready to explode in 2022
. Some of these are new to the market, while some are currently in a downtrend. Emerging or established, they are all undervalued right now. It’s time to scoop them up!
Battle Infinity (IBAT)
Battle Infinity tops our list of the best cryptocurrency to buy in 2022. As the world’s first NFT-based fantasy sports game integrated with the metaverse, Battle Infinity puts forward some excellent value propositions. It allows you to build your own battle team and earn while you flaunt your gaming skills in the metaverse.
Battle Infinity introduces six products to the market. The first of these is Battle Swap, a DEX that works like a bank in the Battle Infinity ecosystem. With Battle Swap, you can buy IBAT tokens directly and exchange your rewards for another listed currency. Since the DEX is integrated with the in-game marketplace, game store, and arena, the transactions on the platform are fast and smooth. The in-game assets on Battle Infinity are graded by rarity. You can trade them in Battle Market, an NFT marketplace that lists assets like characters and weapons tokenized using the BEP721 smart contracts.
The platform gives users access to multiple play-to-earn NFT games through the multiplayer game store IBAT Battle Games. There is also a Battle Arena, where you have unique avatars. If you’re not satisfied with the features like hair or clothes, you can upgrade them on IBAT Battle Market. Battle infinity hosts multiple P2E battle games integrated with the metaverse world called ‘The Battle Arena’. The immersive gaming experience will be designed to bring traditional gamers onboard, which is integral to the long-term growth of an NFT gaming platform. Being a Web3 platform, the income streams from Battle Infinity are not limited to gaming. The platform has integrated Battle Staking, where you can lock up your holdings for a period of time in exchange for rewards and extra benefits.
IBAT is the native token of Battle Infinity, with a total supply of 10 billion. The wide ecosystem rich with features makes IBAT one of the best investments for this year. IBAT presale is currently live on the official website. Join the presale to grab them at a ridiculously low price (1 BNB = 166,666.66 IBAT).
Lucky Block (LBlock) — Best play-to-earn cryptocurrency
Next on our list of the best cryptocurrencies is Lucky Block (LBlock). It is the native currency of a worldwide games and competitions platform of the same name that gives play-to-earn rewards using blockchain protocols. Lucky Block features jackpot draws and daily competitions where everyone’s a winner. All $LBlock holders have free access to the jackpot.
Interestingly, LBlock is the fastest cryptocurrency to hit the USD1B market cap. It recorded 50k+ Investors within the first 90 days of its launch. While LBlock was initially launched on the BSC blockchain, the next version will be on Ethereum. Moreover, it will be compatible with many major CEXs, bringing more users aboard. You can now buy LBlock on PancakeSwap. It is gearing up for launch on the leading crypto exchanges MEXC and LBank. This will be followed by more listings in the coming months to benefit from a dramatic increase in liquidity.
While the internet is flooded with online games of chance, very few are transparent and profitable. The decentralized structure gives them little possibility of growth in the long run. Lucky Block brings these games to the blockchain, making them accessible to a wide range of users. The new approach instills transparency and fairness in games so that each player has better odds at winning. The solid rewards strategy further caters to its popularity. If the platform keeps building and expanding, it will prove to be a lucrative hold for investors by the end of this year.
If you have been watching the crypto market for quite a while now, we don’t have to introduce you to Decentraland. MANA serves as the native cryptocurrency of this fast-growing metaverse that has been all the rage last year. Currently, MANA is selling for $0.798. This is significantly lower than its all-time high of $5.90, recorded in November 2021. As Decentraland grows and evolves with new partnerships and integrations, we expect the price of MANA to keep up.
Projects like Decentraland show that metaverse can be for all. It brings together people, businesses, and technologies to nurture a thriving metaverse that gives us a peek into the future.
The blockchain-run virtual reality platform has played an integral role in taking the decentralized metaverse movement to the masses. It is divided into virtual land plots that are tokenized for a transparent record of ownership. As a pioneer in the Web3 metaverse, Decentraland will continue to accumulate more value in the coming months. It is one of the best cryptocurrencies you can get hold of right now.
Polygon wrote one of the biggest blockchain success stories of 2021. It emerged into the mainstream during a time when users didn’t know what to do with Ethereum. The blockchain, despite its amazing use cases, burned a hole in the pocket. The delay in transactions was an added trouble. The trauma prompted many to leave the Ethereum ecosystem.
Polygon offered a helping hand with a decentralized Ethereum scaling platform. While it seemed too good to be true in the beginning, Polygon has successfully enabled developers to build scalable, user-friendly dApps. They feature low transaction fees without sacrificing security. Some of the most popular projects in crypto, DeFi space integrated Polygon for cost-efficiency, in turn driving the price of MATIC. As the crypto market gets back on its feet with increasing activities, we expect a significant surge in the price of the token.
The ecosystem is also fast-growing with projects from a wide range of sectors including DeFi, NFTs, and the metaverse. Ethereum 2 won’t phase out Polygon anytime soon if the latter focuses on cementing its position in the market with new use cases.
When it comes to relevance and innovation, Chainlink ranks first on our list of the best cryptocurrencies to buy this year. It is an evergreen project that offers a network of decentralized oracles for streaming reliable data to blockchain applications. They bring off-chain data on-chain to support advanced smart contracts on any blockchain.
The revival of the DeFi industry can significantly trigger the value of LINK in the coming months. LINK records a price of USD6.04 at the time of writing. While that is definitely good, it doesn’t do justice to the growth and expansion of the project. We expect the price to keep up this year.
Another key reason why we believe in Chainlink is because of its real-world utility. It is one of the few blockchain projects that have the infrastructure to encourage traditional users to get their hands on blockchain. For example, let’s say you are building a decentralized insurance protocol for farmers. You need to integrate accurate data about the weather and harvests to offer timely insurance to users. This can be done using the decentralized oracle networks provided by Chainlink. It motivates developers to introduce new use cases of blockchain technology.
Earthling (ETLG) — Top cryptocurrency with a social mission
Earthling is a booming token that puts forward a strong, social mission. Earthling token (ETLG) will build awareness about climate change and initiate actions against it using the blockchain space. It will realize this through a Web3 on-chain carbon offset marketplace.
Earthling will help families, businesses, and individuals to reduce the impact of their carbon usage on the environment through offset tokens. The goal is to turn the world carbon-neutral and restore nature through decentralized activities across the world.
$ETLG tokens act as the fuel of the Earthling ecosystem, facilitating its wide range of use cases and governance. It gives you voting rights in the Earthling DAO, regarding important decisions like the distribution of treasury funds. While there are a handful of projects in the market that raise awareness about climate change, Earthling is building a vast ecosystem to support this mission. We believe that this can make a huge difference.
Ethereum is the world’s second-largest cryptocurrency by market cap. However, it is far from being saturated. With an acclaimed team that has been consistently building and adding value, it is only a matter of time before Ethereum bounces back into action.
ETH acts as the fuel of the Ethereum blockchain, powering a wide range of dApps and use cases. As the first smart contract blockchain, it has a vast ecosystem of projects including DEXs, lending platforms, insurance protocols, games, and metaverses. The Ethereum ecosystem continues to grow, despite the hiccups caused by network congestion. The emergence of Ethereum scaling solutions has further helped with this.
Additionally, Ethereum’s move to the PoS mechanism is highly anticipated across the blockchain industry. If the project keeps going ahead, addressing its shortcomings and actively promoting integrations, it has the potential to outstrip Bitcoin in terms of market cap.
Bitcoin is one of the worst-hit in the recent crypto crash. But you need to take a better look at the performance of the asset over the years. As you know, cryptocurrencies are not just a medium for the exchange of value. In fact, they still have a long way to get there. Much of their popularity can be explained as excellent investments.
The rising inflation and dipping interest rates in the traditional markets opened our eyes to the massive potential of cryptocurrencies. Since cryptocurrencies can’t be directly influenced by monetary policies, investors diversified their portfolios to include them. Their first preference as a digital passive investment is, of course, Bitcoin. Many industry experts believe that bitcoin will not only cross its all-time high of $68,789.63 but also hit 100,000 if the crypto market gets back on its feet.
While high market cap projects like Ethereum and Bitcoin are waiting for the market sentiments to improve, Earthling introduces a unique social mission that has already won a community. Lucky Block, on the other hand, has some irresistible play-to-earn integrations. However, if you are looking for the best project to make your crypto investment this year, it is Battle Infinity. The metaverse-gaming platform has all the right elements to capture a wide user base. The gaming mechanics and play-to-earn model are designed to bring both crypto and non-crypto gamers onboard.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.