Every year the number of cryptocurrencies grows and it becomes difficult to determine which of the new coins can potentially bring profit and which should be treated with more skepticism. Experts named several promising tokens that have been released recently.
Apecoin (APE).
One of the interesting novelties of 2022 was APE token, introduced by the developers of the acclaimed NFT collection Bored Ape Yacht Club (BAYC), The idea of the project is to use the new token as a manager in the ecosystem under development.
The developers of BAYC plan to create a full-fledged meta universe for the owners of NFT-collection monkeys. Apecoin will be used as a token to provide in-game transactions and allow you to take part in voting on the future of the project, the expert said.
Potentially, after the change in the global market trend, we can expect a high interest in the project and, consequently, the practical application of tokens and their multiple appreciation .
Aptos (APT).
A new blockchain Aptos with a native token of the same name was called rather bright and loud novelty of 2022. According to the analyst, the project is interesting from the point of view of a marketing campaign, but not only – it can be useful as a testing ground for new technological solutions in the industry.
The team of Aptos creators is trustworthy – earlier they were engaged in development of Diem cryptocurrency wallet for Mark Zuckerberg’s social networks. This cryptocurrency project never took off due to the resistance of American regulators, but according to the expert, there is no doubt in the competence of the developers.
Aptos blockchain is aimed at the hottest topic of this year – Web3, and this also plays into the hands of the project, which is still only attracting participants and investors, said Nekrasov. According to him, this blockchain implements all major innovations: parallel transactions to increase the conductivity of the blockchain, smart contracts, a system of increased cybersecurity, the ability to run NFT collections.
Now the ecosystem is actively being filled with applications. The expert believes that by the new year there will be a significant influx of liquidity into the ecosystem. In his opinion, Aptos is definitely worth keeping an eye on in the next six months although the start of trading in APT token in the middle of October was quite scandalous.
Battle Infinity (IBAT).
When considering more risky but no less promising projects for 2022, Battle Infinity gaming tokens are also worth watching. Despite the fact that the team of developers from India has not been previously seen in successful crypto projects, the concept they proposed is interesting.
The essence of token, as in many similar projects, comes down to the role of manager and in-game token, the expert explained. If successfully implemented, the project will unite several sports games in its own unified meta universe, in which IBAT will be a connecting link of the entire ecosystem.
Buying this token is quite a risky investment for this type of projects at its current stage of development, especially given the stagnation of the entire crypto market, the expert warned.
Algorand (ALGO)
Another project worth keeping an eye on, despite the fact that it is not as new as the above-mentioned ones, is Algorand. It is a “pure infrastructure story” – a decentralized platform with smart contracts for DeFi, digital asset release, Web3 projects and other similar developments.
The project was started by MIT professor Silvio Micali. The team managed to secure partnership agreements with a number of states, such as the Marshall Islands, El Salvador, over the course of several years. This means that blockchain is potentially interesting for launching national digital currencies (CBDC).
Algorand’s blockchain is already running USDT and USDDC staples, which means it is a sought-after network. The expert believes that in the future Algorand may take its niche among other DeFi-oriented ecosystems.