Top 7 Altcoins in DeFi, Crypto Gaming, NFTs, and the Metaverse
As of mid-April 2022, the cryptocurrency market was north of $1.8 trillion.
Bitcoin still retains the lead being the first crypto project. However, crypto and blockchain have been increasing in sophistication over the years. With smart contracting and the expansion of exciting sub sectors like blockchain gaming, NFTs, DeFi, and more, investors are spoilt for choice.
Top 7 Altcoins: Cardano, Polkadot to BetFury
Unlike fragmented and heavily regulated traditional finance, cryptocurrencies are global and host high-profile, high-octane projects free for investment by all users, regardless of their geographical locations.
The sphere is still nascent and growing. Investors exploring the space and searching for opportunities should check out these top seven altcoins for their consideration.
Without a doubt, Cardano is a top crypto project that whales and top institutional investors actively track. Its native currency, ADA, is the most liquid, finding a slot in the top-10. At spot rates, ADA is one of the top performers year-to-date. A unique selling point about Cardano is its inclination to research and quality prioritization. The platform recently activated smart contracting capability and is already a host to several DeFi protocols. Cardano is also the most decentralized proof of stake project.
Polkadot developers are dedicated to releasing a fully interoperable blockchain network. The development team is guided by Gavin Wood—who is behind the Solidity programming language used by Ethereum– and is actively built. At the center of Polkadot is the Relay Chain. The Relay Chain is the base that anchors Parachains and Parathread, allowing diverse projects to launch vibrant DeFi and NFT ecosystems, scaling as a result. Central to Polkadot is DOT, that’s also in the top-5 and listed by most of the top cryptocurrency exchanges.
BFG is the utility token of the BetFury dApp on the BNB Chain. BetFury is one of the top crypto and Bitcoin casinos. The online gambling platform hosts over 5,000 games for gamblers and sports bettors to choose from and conveniently use their crypto assets to place bets, making money.
The BFG utility token is easily a top choice for investors inclined to capitalize on expanding global and secure crypto-supporting online gambling platforms. BFG is certified secure by CertiK—a leading blockchain security platform—and can be mined by playing games on BetFury using any of the platform’s supported cryptocurrencies. BFG can also be staked, allowing users to receive a part of BetFury’s profits.
BFG can also be used for farming, playing, exchanging, P2E games, and NFT staking. The token is already listed on leading liquid crypto exchanges, including PancakeSwap. BFG can be stored on the MetaMask browser wallet. Users interested in tracking BFG’s performance can find real-time streams from among other reputable trackers, CoinGecko and CoinMarketCap.
The Ethereum-based gaming project seeks to revolutionize the gambling industry with its unique offerings. At the center of the FUNToken, is the FUN token that’s listed at various cryptocurrency exchanges. The FUN token is at the heart of the FUNToken gaming ecosystem, enabling transparent, provably fair, and rewarding gaming for all users. The platform eliminates previous problems plaguing the gaming industry, leveraging the security, decentralization, and transparency of Ethereum. FUN holders, among other benefits, receive cash backs and free spins for rewards. While the project incentivizes adoption and utilization of the FUN token, the gaming platform buys back FUN from half of its profits in the secondary market and burns them every quarter, supporting prices in the long haul.
JP Morgan analysts project the metaverse to be a $1 trillion market in the years ahead. The good news is that metaverse projects integrated with the blockchain are ahead of the curve. Launched in 2020, the Decentraland project on Ethereum allows users to purchase virtual plots in the Decentraland metaverse, enabling them to earn capital gains and passive income. Each plot exists as an NFT, and LAND is the project’s native currency. LAND has emerged as a top performer in the past few months, rewarding investors with above rate ROI.
Axie Infinity demonstrates the positives when gaming and blockchain merge. The gaming platform embraces the play-to-earn (P2E) model, allowing skilled gamers to win from nothing more than their skills. Players are rewarded with Axies, which are NFT characters, and Axie Infinity Shards (AXS) tokens that serve as a utility and governance. Axies can be traded in an internal marketplace, explaining why the portal’s popularity is rising as more players queue to earn valuable cryptocurrencies. By mid-April 2022, over $3.6 billion of Axies had been traded on the project’s internal marketplace.
Investors focused on NFTs can find an opportunity in the Enjin ecosystem and its native token, ENJ. ENJ is the ecosystem’s native currency. Enjin is a multi-chain protocol allowing users to manage virtual goods on Ethereum and Polkadot through the Efinity Parachain. From Enjin, developers can create customizable assets as NFTs compliant with the ERC-1155 standards and integrate them into games and dApps. Each item is assigned a value in ENJ.
DeFi, NFTs, and the Metaverse offer Exciting Investment Opportunities
In less than 15 years after the first crypto assets were released into the public domain, the sphere has evolved in sophistication, presenting near-infinite exciting investment opportunities for users across the globe. Altcoins is a scene dense with activity, and more projects will be released in the future. In the meantime, with the rise of DeFi, NFTs, and the metaverse, projects like BetFury’s BFG and other top altcoins may be worthy investment considerations for savvy investors.
