Since 2009, when cryptocurrencies were first introduced, many investors have made returns on their investments that are many times what they put in. Many crypto traders are thinking about how to protect cryptocurrencies with blockchain technology so they can make a lot of money. Now is the moment to put money into cryptocurrency if that’s something you’ve considered.
Since the introduction of altcoins, the cryptocurrency market has controlled many bullish cryptocurrencies like TAMA, IMPT, and Quant. These tokens and platforms make it easier to buy cryptocurrency and encourage people to invest in the market for cryptocurrency. In this article, we’ll talk about what these crypto tokens have done well and what makes them different from other types of digital tokens.
5 Cryptocurrencies Ready to Explode By 10x in 2022
Currently, the crypto market conditions favor new meme coins such as Tamadoge (TAMA), Quant, and IMPT. This is because many traders are seeking fresh initiatives. If you want a high return on your money, here are some coins to think about:
- IMPT
- Tamadoge (TAMA)
- Quant
- Shiba Inu
- Avalanche
IMPT
IMPT is a relatively new cryptocurrency on the market. IMPT is a blockchain-based ecosystem that connects the community with environmentally conscious businesses and brands. IMPT is a more environmentally friendly cryptocurrency compared to other proof-of-stake (PoS) coins such as Power Ledger and SolarCoin.
The IMPT project uses blockchain technology to address the issue of carbon emissions. The program simplifies the issuance of carbon credits while enabling users to create non-fungible tokens (NFTs). IMPT is a better investment than solar coins and Power Ledgers. It is also more environmentally friendly than the bulk of proof-of-stake (PoS) currencies. The Ethereum blockchain powers IMPT. With IMPT running on this network, Ethereum’s energy consumption has increased.
The IMPT token has made waves due to its presale, which recently hit $4 million in its first stage just 11 days after its launch. Crypto experts predict the price will rise to $0.023 in the second round. Investors wishing to diversify their portfolio with ESG-friendly cryptocurrencies have shown interest in the IMPT coin.
Tamadoge (TAMA)
Tamadoge is the fastest-growing meme coin in the crypto realm, just a month after its September listing. TAMA rose to an all-time high of $0.19 before falling back to $0.04 as some investors withdrew some of their holdings.
The recent success of Tamadoge’s (TAMA) presale, having generated $19 million and closed before the scheduled time, is a good sign for other meme coins on the market. With CEX secured, and investors clamoring for news and access to this currency, it is anticipated that its future will have the same remarkable success as its presale did.
The TAMA token and Tamaverse platform have thrived in this tough crypto market because they have added value to their coin by integrating it with play-to-earn (P2E) games, rare NFTs, and VR added in the future. These popular Tamaverse platform features deliver what investors seek: market awareness and future planning.
Quant
Quant can help speed up business transactions and improve the supply chain, insurance, and capital markets, among other things. Quant is not a very well-known cryptocurrency, but its value has gone up even as the value of more popular coins has gone down. Quant has steadily increased in value throughout the year, rising by 248% from its yearly low of 44.42 in June.
Quant achieved a new yearly high of $176.30 on October 14. The high occurred above the $145 horizontal area and below the $190 0.382 Fibonacci retracement resistance level. The $145 area is now predicted to provide support, while the $190 area is expected to provide resistance.
One of Quant’s big projects is The LACChain. This project aims to facilitate Latin American companies and corporations by optimizing their global banking and financial needs. With the support of Overledger, the project aims to simplify cross-border transactions, local payments, and worldwide remittances. LACChain uses the power of blockchain to create a one-stop banking ecosystem. This lets users get digital currencies from Latin America quickly and securely, which they can then easily change into their own currency.
Shiba Inu
Shiba Inu investors totaled 1,223,516 as of October 13, according to CoinMarketCap data. The figure is 9% higher than the previous day’s total of 1,114,483.
Analysts anticipated that interest in the meme altcoin was decreasing as the cryptocurrency’s popularity fell. However, the SHIB team is not giving up on the asset and is looking for ways to implement activities that will boost the cryptocurrency’s profitability.
Shiba Inu has joined the gaming industry and uses non-fungible tokens (NFTs). As a result, new data reveal that Indian investors are investing money into SHIB in the hope that it can replicate its performance in 2021 when it rose to prominence.
Avalanche
Avalanche (AVAX) is a cryptocurrency industry blockchain-based platform that allows for Decentralized Applications (dApps) and custom blockchain networks. AVAX is the name of the Avalanche token. It is an important part of the Avalanche ecosystem, helping with things like network governance, security, and token incentives.
It has a higher output of up to 6,500 transactions per second (TPS) with increased scalability. It is one of the few blockchain networks in the industry that can equal and beat Ethereum (ETH) in speed and performance.
On October 9, Avalanche [AVAX] revealed that it would hold Crypto Royale in mid-October. Given AVAX’s struggles to recover from its short-term support, this announcement is opportune. Is this anticipated development sufficient to boost AVAX bulls?
The fact that Avalanche will host Crypto Royale this month may give it some credibility. In 2021, play-to-earn games grabbed headlines, demonstrating their potential to transform the gaming industry. This is why the Avalanche hosting a play-to-earn game is significant. If it is related to in-game tokenomics, then it has the potential to increase demand for AVAX.
Conclusion
Investors should act cautiously when making decisions because the bear market is far from over. This is why it is crucial to capitalize on profits whenever they arise while also recognizing the value of losses for what they often signal: the emergence of new and more affordable alternatives.
Each of these five coins has its own unique features and potential. These coins do not only have utility but have also established successful sales recently. So, if you agree with the points in this article, you should hurry to the coin’s site and buy them before the price goes through
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