With crypto investors making more gains than the average day job worker, it’s no surprise that there’s more interest in crypto than ever before. Many analysts have predicted that 2022 will be an even bigger year for crypto than the past few years; here are some of the cryptocurrencies that are likely to be the most profitable for you this year.
United DAO is a Singapore-based DAO project that aims to make DeFi 3.0 a reality by working on the current problems in DeFi, through establishing credibility, governance, and risk management. It’s possibly the newest on this list with the largest growth potential after having had a successful soft launch in early March. United DAO is planning for a larger V2 protocol launch along with airdrops, marketing efforts, and several improvements to look forward to.
The doxxed and experienced founders of United DAO have plans overcome token volatility through new tokenomics, meaning potentially lower risks and higher gains. Their token is UTD, which can be bought from the market or bonding liquidity in exchange for UTD. UTD can be staked in return for more rewards (more UTD), which the treasury derives from the sale of bonds. Apart from earning from the core protocol, stakeholders can also earn passive income from their affiliate program United Allies Program, which promises up to 2.5% of referral bonding rewards with no limit on how much one can earn from it.
Avalanche is an open, programmable smart contract platform for decentralized applications. With Avalanche, you can launch Ethereum dApps that confirm transactions instantly, launch customized blockchains, and scale to millions of validators with minimal hardware. You can also stake your AVAX to help process transactions and secure the platform further.
Avalanche prides itself on being built for decentralized apps, which is definitely increasing in popularity with the DeFi boom.
Bitgert has been growing this year, with the latest launch of the Bitgert BRC20 blockchain. Bitgert is a crypto engineering organization which claims to be the first zero gas fee chain, and currently the fastest chain after reaching 100k TPS. It has also developed a BRC20/ERC20/BEP20 supported wallet on Android and iOS, existing on the Binance Smart Chain and Bitgert Chain.
The gasless feature has been the main reason Bitgert price and market cap have been growing, and Bitgert also plans to launch the Bitgert bridge, startup studio, and upcoming Bitgert exchange.
Although Solana has been around for a while, it remains a strong contender on this list. It is still attracting a lot of projects and attention, with thousands of projects spanning DeFi, NFTs, Web3 and more. It has also not slacked off just because of its success; the Solana Riptide is expected to be one of the biggest developments as it will definitely bring more products into the chain.
Solana’s scalability ensures transactions remain low, while speed is still key. It is ultra-fast, low cost, and also censorship resistant, which means that the network will remain open for applications to run freely and transactions will not stop.
Decentraland is the first-ever virtual world owned by its users, hosted on the blockchain. In Decentraland, users can buy NFTs to be used in the metaverse, to create their own characters, buy in-game land and more. Users can create scenes, artworks, challenges and more, using the simple Builder tool, then take part in events to win prizes. For more experienced creators, the SDK provides the tools to fill the world with social games and applications.
MANA is their cryptocurrency that facilitates purchases of LAND (their NFTs), as well as other virtual goods and services used in Decentraland. It’s an interesting investment that will be likely to grow with the metaverse growing in popularity.