Top 10 most promising crypto projects

Here are the top 10 crypto projects to watch out for in 2022

· 5 min read
Top 10 most promising crypto projects

10. Audius (AUDIO)

Decentralized networks with real-world use cases are another cryptocurrency sector that will likely expand faster than Bitcoin. Audius is an excellent example. It's a decentralised music streaming service that some are predicting will be the next Spotify. The concept is that musicians can immediately post their work to the site and be rewarded for it. They don't have to rely on record companies or other platforms that take a large percentage of the profits. Audius has a partnership with TikTok announced in August 2021, as well as several strong crypto supporters.

9. Polygon (MATIC)

Polygon is an Ethereum layer 2 solution aggregator. Layer 2 solutions boost performance by sitting on top of the original blockchain. In the case of Ethereum, this can lower gas costs and speed up transaction processing. Polygon addresses a significant issue that many Ethereum developers and traders face. Even once the Eth2 upgrade is complete, Ethereum founder Vitalik Buterin believes layer 2s will continue to play an important role in scalability and interoperability. Polygon has previously partnered with a number of major metaverse tokens, including The Sandbox (SAND) and Decentraland (MANA). This is a coin you should keep an eye on in 2022.

8. Blockasset (BLOCK)

The Blockasset sports platform explores the possibilities of NFTs and fans tokens to help renowned players establish new revenue sources and build meaningful interactions with their fans in the post-pandemic space. NFT members have access to unique products, member-only AMAs, meetups, and fantasy game tournaments with their heroes, as well as the ability to vote on important choices. Blockasset, created by true sports fans, celebrates decisive moments, wins, and losses, while small thoughtful details like a virtual sticker book add to the atmosphere of true fandom. Add in a slew of sports icons, and you've got a winning formula: in early November, the 'Legends' NFT collection, designed in collaboration with five top-tier players like Muhammad Ali and Alexander Ovechkin, raised $5 million in 9 minutes.

7. TrustToken (TRU)

This blockchain network allows money to be moved to places where it can create more value. TrustToken is the company behind DeFi's first unsecured lending technology, TrueFi, and has generated a number of popular stablecoins, including TrueUSD. The protocol has surpassed $1 billion in loans and is on track to unbundle traditional banks' hold on lending products by providing institutional-grade investors with a space to lend and borrow based on reputation. TrueFi hopes to launch the full 'Lending Marketplace' for global lending this year, which will include access to third-party asset managers, Automated Loan Ratings, Borrower TRU Staking, One-Click Borrowing, and audits. TrueFi is actually unbundling what used to be the unique realm of traditional banks, so watch out, TradFi.

6. Yearn.finance (YFI)

Yearn.finance, which is nearing 2022 with significant rising speed, is another project to consider for your digital asset portfolio. In reality, whereas Bitcoin has remained almost unchanged over the previous week, Yearn.finance has gained by over 86 percent. Early backers of this decentralised enterprise have seen even better rewards during the course of 2021. Those who bought in Yearn.finance at the start of 2021, for example, would have paid around $22,000 per token. The same digital currency surpassed a price of $93,000 just five months later. This equates to gains of more than 320 percent. It's worth noting that, despite Yearn.finance's high price, tokens can be fractionated in the same way that Bitcoin can. This implies that if you use a newbie-friendly broker like eToro, you only need to invest $10 to get started.

Yearn.finance, for those unfamiliar with its services, is a decentralised platform that specialises in crypto-based financing. To put it another way, the platform brings borrowers and investors together to construct a completely decentralised financial system.

5. OVR (OVR)

OVR is a decentralised metaverse platform that compensates users for 3D scanning and mapping of the planet by combining actual and virtual worlds through Augmented Reality. The worldwide Metaverse jump will be a pipe dream unless the Metaverse has geolocation, which OVR pioneers. The company just developed Map2Earn, which allows users to participate in a global treasure hunt by taking photos of certain areas with their smartphone cameras in exchange for OVR tokens. The photos will be utilised to create a high-precision 3D map of the planet, which will serve as one of OVR's AR/VR metaverse's main pillars.

4. Shiba Inu (SHIB)

Shiba Inu was launched in August 2020, and its meteoric development in such a short space of time is nothing short of incredible. This digital currency was valued at $0.00000000075 at the turn of the year 2021, according to Coinmarketcap. In November 2021, the same digital currency reached a peak of $0.0000312. This indicates that Shiba Inu made approximately 40 million percent gains in less than a year of trade. Despite the fact that gains of this magnitude are unlikely, this token still has a lot of upside potential. Shiba Inu is listed on all major exchanges, in addition to the ongoing excitement that this crypto asset receives from the broader market. Not only do Binance, Huobi, Crypto.com, and Coinbase fall within this category, but so does eToro. As a result, the daily trade volume on Shiba Inu frequently exceeds $3 billion.

3. Metarex

The audience will be introduced to Metarex's exclusive NFT possession of a real Tyrannosaurus rex fossil. The T-Rex bones will be represented by 58,000 NFTs, with the ultimate goal of moving this privately held fossil to a permanent home at a museum that advances science and study. This particular T-Rex fossil had more than 45 percent of the original bones complete, well exceeding the museum's requirement of 20%. Metarex is the inventor of decentralised ownership in fossils, and came out swinging with one of the world's rarest specimens. It's more than an NFT; it's a piece of history!

2. Ethereum (ETH)

Ethereum was the first cryptocurrency to introduce smart contract features, allowing users to create apps on its network. As a result, it is at the heart of the burgeoning decentralised finance and non-fungible token (NFT) industries. Unfortunately, it has become a victim of its own popularity, with exorbitant gas fees and network congestion plaguing the system. It is undergoing an upgrade to Eth2, which is expected to be completed in 2022. The upgrading is difficult; it's similar to attempting to repair an automobile while it's still on the road. However, if, and this is a big if, it can complete the upgrade on time and without any technical issues, it will be a huge success.

1. Luckyblock (LBN)

The goal of this digital asset project is to transform the global lottery industry. The protocol accomplishes this by using blockchain technology to decentralise the lottery process. The fundamental idea is that anyone can play lottery games without having to go via a centralised operator from the comfort of their own home. All game functions are governed and carried out by smart contracts to ensure that Luckyblock gives its players integrity and validity. This assures that all lottery games are true and fair, with no way for internal or external actors to tamper with the results. Those who are interested in investing in Luckyblock can do so by acquiring the project's digital token, which is presently in the pre-launch phase. The Luckyblock token will be introduced on Pancakeswap when the pre-launch closes in early 2022, with several centralised cryptocurrency exchanges also in the works.