Ethereum Blockchain is designed to support the creation of other digital currencies, decentralised applications (dApps), and global payments. The network has created a thriving digital economy and innovative new methods for creators and investors to make money online.
It allows for the creation, validation, and execution of dApps and smart contracts with reduced risks of fraud and no centralised control. The blockchain powers many cryptocurrency initiatives with native cryptocurrencies that help make the trading processes seamless.
Some of the top Ethereum-based cryptos include Chainlink (LINK), Polygon (MATIC), and Decentraland (MANA). Each has played an integral role in redefining how decentralised finance (DeFi) works.
One newcomer that may become the best cryptocurrency to invest in 2022 is Logarithmic Finance (LOG). Well examine what makes this new cryptocurrency and the others a good choice for investors.
Logarithmic Finance is a new next-gen layer-3 cryptocurrency swapping protocol. The protocol’s unique software is intended to transform DeFi and allow investors to raise funding and deploy various digital products inside the network.
LOG was designed using Web3 as its underlying technological framework, resulting in a user-friendly interface that reveals the untapped potential of DeFi.
The ecosystem is dependent on liquidity pools and LOG, its native token. Pool types include Time Freeze Pools (TFP) and Direct Access Pools (DAP). In addition, there are pool statuses such as open, available, dissolved, open, completed, and unbuyable.
LOG token will be used for the network’s governance and offers a straightforward and effective mechanism for project creators to raise funds on their preferred blockchain networks. The token holders will be able to stake their tokens and earn rewards for doing so.
The token is now in pre-sale and has a maximum supply of 4 billion LOG tokens, of which 30% (1.2 billion) are allocated for investors that buy within this period.
LOG promises innovative capabilities to help it rank among the best cryptocurrencies investments in 2022.
Launched in 2017, Chainlink is the first and largest decentralised Ethereum-based oracle platform. With its native ERC-20 token, LINK, developers can utilise the platforms comprehensive architecture to develop hybrid smart contracts that leverage on-chain and off-chain functionality to connect to external resources in the cryptocurrency market.
It provides smart contracts with real-world data, such as stock prices and weather predictions. As of writing, LINK is the 21st highest crypto by market capitalization, according to CoinMarketCap, making it a good fit for investors.
Polygon is a decentralised Layer-2 scaling system that supports Web3 applications. It allows creators to develop scalable, user-friendly dApps with minimal transaction costs and without compromising security.
Its native token, MATIC, allows users to create and launch NFTs and carry out transactions globally. They can also get tokens and NFTs as rewards from the network.
Over time, the network aspires to support other blockchains, transforming it into an interoperable blockchain protocol.
Decentraland is a community-based virtual reality game world where participants can create and trade NFTs. The network also allows users to own virtual plots of land and erect monetisable structures like amusement parks and casinos on the metaverse.
Users can leverage the building tools to create scenes, artworks, and challenges while participating in events to earn rewards. Decentraland is a metaverse that blends in gaming, NFTs, cryptos, and a free market economy that is accessible to an everyday crypto user.
Its native token, MANA, is the best cryptocurrency to invest in 2022 if youre seeking to venture into the metaverse.
The Ethereum blockchain drives many projects that give investors access to DeFi services.
LOG promises users several DeFi capabilities, including crypto and NFT trading. As an investor, LOG gives you governance rights to partake in the communitys decision-making processes. Plus, investors can earn rewards for holding the token.
On the other hand, LINK, MATIC, and MANA help users to create and trade NFTs, develop decentralised applications and create innovations that stand the test of time in the cryptocurrency market.
Although we believe these Ethereum-based cryptos could become the best cryptocurrency investments of 2022, we recommend that you tread with caution. This listicle is not in any way a piece of financial advice. Therefore, consider conducting research before investing your money.
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.